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Laser Processing Market to Hit US$ 11.26 Billion by 2031 at 8.4% CAGR Amid Precision Tech Boom

01-08-2026 03:01 PM CET | Health & Medicine

Press release from: The Insight Partners

Laser Processing Market

Laser Processing Market

United States of America - January 08, 2025 - According to The Insight Partners, the laser processing market size is expected to reach US$ 6.46 billion by 2031 from US$ 11.26 billion in 2024. The market is anticipated to register a CAGR of 8.4% during 2025-2031. The laser processing market surges forward, revolutionizing manufacturing through advanced precision technologies that prioritize efficiency and sustainability. Key players drive this momentum with breakthroughs in fiber lasers and AI integration, serving automotive, electronics, medical, and aerospace industries worldwide.

Laser processing delivers unparalleled accuracy in cutting, welding, marking, and engraving, reducing waste and enabling intricate designs that traditional methods struggle to achieve. Industries embrace these solutions for faster production cycles and superior quality, aligning with global demands for smart factories and eco-friendly operations.

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Market Overview and Drivers

This dynamic field thrives on innovations like solid, gas, fiber, and other laser types, alongside fixed beam, moving beam, and hybrid configurations tailored to diverse needs. Automotive giants rely on laser welding for lightweight structures, while electronics firms leverage micro-processing for semiconductors.

Sustainability emerges as a pivotal force, with laser systems dramatically cutting energy use and material waste versus traditional mechanical processes. The shift toward Industry 4.0 amplifies adoption, as real-time monitoring and automation enhance output in high-stakes environments.

Recent global emphasis on electric vehicles and medical devices further fuels growth, positioning laser processing as indispensable for precision-driven economies.

Latest Market News Highlights

• Coherent Corp. unveiled the AIM FL Series in March 2025, offering up to 3kW power for seamless welding in compact industrial setups, boosting productivity across sectors.
• TRUMPF launched the TruMicro 9010 ultra-short pulse laser in June 2025, ideal for high-speed surface processing in roll-to-roll manufacturing, advancing flexible electronics production.
• IPG Photonics introduced YLR-AMB dual-beam fiber lasers in November 2024, revolutionizing additive manufacturing with precise heat control for complex metal parts.
• Fives SAS opened a new facility in France during October 2024, specializing in laser solutions for electric vehicle components and sustainable mobility initiatives.

These developments reflect how industry leaders innovate to meet rising demands for speed, reliability, and green practices in the laser processing market.

Market Size, Share, Trends, Analysis, and Forecast by 2031

• Global Market Size and Forecast: Valued at US$ 6.46 billion in 2024, the laser processing market is set to expand to US$ 11.26 billion by 2031, achieving a robust CAGR of 8.4% from 2025 to 2031, propelled by automation and precision needs.
• Market Share by Type: Solid lasers command the top spot for versatility, with fiber lasers gaining fast due to superior efficiency; gas lasers and others excel in niche cutting and marking roles.
• Market Share by Configuration: Fixed beam configurations dominate for stable, high-precision work, while moving beam and hybrid options rise for adaptable automation lines.
• Market Share by Industry: Automotive leads with extensive welding and cutting applications, followed closely by electronics and microelectronics, medical devices, aerospace, and diverse others.
• Key Global Trends: AI-driven process optimization emerges strongly, alongside ultrafast lasers for microfabrication and eco-focused applications like solar panel production; fiber technologies lead in energy savings.
• Global Analysis: Asia Pacific spearheads growth through manufacturing hubs in China, Japan, and India; Europe and North America innovate in aerospace and medical fields.
• Regional Analysis: Asia Pacific holds over 41% share, driven by electronics expansion; Europe accelerates with EV battery tech; North America prioritizes semiconductors; Latin America and Middle East/Africa grow via industrial upgrades.
• Forecast Insights to 2031: Continued rise through EV proliferation, AI enhancements, and greener shifts, tempered by supply chain hurdles but offset by technological resilience.

Leading Companies and Innovations

• Coherent, Inc. excels with high-power fiber lasers like the EDGE FL series, perfect for demanding cutting and welding tasks that elevate manufacturing standards.
• IPG Photonics Corporation pioneer's dual-beam solutions, transforming additive manufacturing with unmatched control over thermal dynamics.
• TRUMPF SE + Co KG pushes boundaries via ultra-short pulse lasers, enabling efficient large-scale surface treatments for next-gen applications.
• Han's Laser Technology Industry Group Co. Ltd scales industrial solutions for high-volume production, ensuring reliability at pace.
• Jenoptik AG integrates advanced optics into laser systems, delivering pinpoint precision for specialized processing.
• LaserStar Technologies Corporation specializes in compact marking and engraving tools, ideal for intricate customization needs.
• Fives SAS advances sustainable laser tech for mobility, supporting the EV revolution with tailored innovations.
• TE Connectivity Ltd enhances laser applications in connectivity, bridging precision with robust performance.
• Mitsubishi Electric Corp drives electronics automation, embedding lasers into streamlined assembly processes.
• Lumentum Holdings Inc leads with high-performance lasers, powering advancements in communications and sensing.

These trailblazers collectively shape a competitive landscape focused on R&D, partnerships, and market expansion.

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If you have any special requirements about this Laser Processing Market report, please let us know and we can provide custom report.

Forward-Looking Impact

Laser processing cements its status as a cornerstone of modern manufacturing, where precision meets sustainability to unlock new efficiencies. As industries evolve, these technologies promise reduced costs, faster turnaround, and innovative breakthroughs that redefine global production norms.

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• Laser Distance Sensor Market - https://www.theinsightpartners.com/reports/laser-distance-sensor-market
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Contact Us:

If you have any queries about this report or if you would like further information, please get in touch with us:
Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
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About The Insight Partners

The Insight Partners is among the leading market research and consulting firms in the world. We take pride in delivering exclusive reports along with sophisticated strategic and tactical insights into the industry. Reports are generated through a combination of primary and secondary research, solely aimed at giving our clientele a knowledge-based insight into the market and domain. This is done to assist clients in making wiser business decisions. A holistic perspective in every study undertaken forms an integral part of our research methodology and makes the report unique and reliable.

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