Press release
Industrial Laser System Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Industrial Laser System Market
How Large Will the Industrial Laser System Market Size By 2025?
The market size for industrial laser systems has seen substantial expansion in the past few years. Projections indicate an increase from $25.39 billion in 2024 to $27.58 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 8.6%. The surge during the previous period can be accredited to factors such as use in material processing applications, enhanced automation in manufacturing, application in medical and scientific fields, the proliferation of 3D printing, and utilization in military and defense sectors.
How Big Is the Industrial Laser System Market Size Expected to Grow by 2029?
The market size for industrial laser systems is anticipated to experience a swift expansion in the upcoming years, projected to reach a value of $40.86 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. The surge during the prediction period can be credited to the escalating applications in electronics manufacturing, increasing demand for laser-based cutting in the automotive sector, expansion of the aerospace industry, growth in manufacturing medical devices, and improvements in high-power laser systems. Noteworthy trends set to be observed during the estimation period involve integration with Industry 4.0, developments in fibre laser technology, the emergence of innovative laser technology, a rise in fibre laser technology, and applications of laser cleaning.
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Which Key Market Drivers Powering Industrial Laser System Market Expansion and Growth?
The industrial laser system market is expected to benefit from the growing trend in industrial automation. The term automation pertains to using various technological applications to lessen the need for human intervention in various processes. The demand for high-precision industrial laser systems has spiked due to the rise of automation for a range of applications. Automated laser systems amalgamate vision and motion technologies, delivering high-performance and accurate work. The surging use of industrial automation for better productivity, heightened precision, and efficiency is leading to the widespread adoption of industrial laser systems. For example, it was reported by Formstack, a company based in the US, that in December 2023, 76% of businesses leveraged automation for their daily operations. Also, 58% used automation for data and planning, and 36% for regulation compliance. Consequently, the growing trend towards industrial automation is set to positively influence the growth of the industrial laser system market.
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Which Emerging Trends Are Transforming the Industrial Laser System Market in 2025?
Innovative technologies like femtosecond laser fiber inscription grating technology are being embraced by key players in the industrial laser systems market. This breakthrough technology empowers high-precision manufacturing and enhances performance in numerous applications by using ultra-short laser pulses to create detailed patterns and structures within optical fibers for uses such as telecommunications and sensing. In August 2024, BWT Beijing Ltd., a leading manufacturer of high-performance diode laser components and subsystems in China, debuted its Thunder 200kW (kilowatt) ultra-high-power industrial-grade fiber laser. This advanced industrial laser features state-of-the-art technologies, including Circulating Tumor Cell (CTC) chip integration and femtosecond laser fiber inscription grating, offering ultra-high-power beam capabilities and paving the way for the processing of ultra-thick metal plates. This is a significant step in the journey to the transformation and transition of traditional manufacturing methodologies into more modern practices.
What Are the Emerging Segments in the Industrial Laser System Market?
The industrial laser systemmarket covered in this report is segmented -
1) By Type of Laser: Fiber, Solid-State, CO2, Other Types
2) By Type: Macro Processing, Micro Processing
3) By Power: Less Than 1 kW, More Than 1.1 kW
4) By Application: Cutting, Welding, Marking, Drilling, Other Applications
5) By End Use Industry: Semiconductor And Electronics, Automotive, Aerospace And Defense, Medical, Other End-Use Industries
Subsegments:
1) By Fiber: Continuous Wave Fiber Lasers, Pulsed Fiber Lasers
2) By Solid-State: Nd Lasers, Other Solid-State Laser Types
3) By CO2: RF Excited CO2 Lasers, DC Excited CO2 Lasers
4) By Other Types: Diode Lasers, Excimer Lasers, YAG Lasers, Ultrafast Lasers
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Who Are the Global Leaders in the Industrial Laser System Market?
Major companies operating in the industrial laser system market include Fanuc Corporation, The TRUMPF Group, Newport Corporation, COHERENT Inc., Amonics Ltd., Amada Co. Ltd., DMG Mori Co. Ltd., Han's Laser Technology Co. Ltd., IPG Photonics Corporation, NKT Photonics A/S, Bystronic Laser AG, Jenoptik AG, dic*k Co. Ltd., Mazak Corporation, Prima Industrie SpA, Trodat Trotec Holding GmbH, nLIGHT Inc, Universal Laser Systems, Epilog Laser Corporation, CY Laser SRL, ACSYS Lasertechnik Inc., Calmar Laser, Apollo Instruments Inc., Quantel Group, ROFIN-LASER GmbH, ALPHA LASER GmbH, Penta Laser Technology Co. Ltd., GSI Group
Which are the Top Profitable Regional Markets for the Industrial Laser System Industry?
North America was the largest region in the industrial laser system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial laser system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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