Laser Coders Market Global Industry Analysis, Trends and Forecast, 2016-2024
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The major laser coding types are CO2 lasers, fiber lasers, and vanadate lasers. CO2 lasers include carbon dioxide gas mixture, and are mostly applied on non-metallic materials and on most plastics. They are suited for wood, glass, textiles, foils & films, stone, acrylic, paper, plastics and leather. Fiber lasers are solid state lasers; they are used for contrasting plastic marking and metal marking. They are suited for coated metals, metals, and plastics. Vanadate lasers (Crystal laser) can emit 3 different wavelengths and are suited for ceramics (to some extent), metals, plastics, and coated metals. Domino Laser GmbH is the largest international producer of laser coders; the company has presence in the U.S., Europe, North America, and China.
The global laser coders market is segmented based on product type, application, and geography. By product type, the global laser coder market is segmented into CO2 lasers, fiber lasers, Nd:YAG flash lamp (solid state), Nd:YAG diode pumped, and vanadate lasers. By end user, the global laser coder market is segmented into food and beverages, cosmetics, personal and home care, pharmaceuticals and medical devices, tobacco, automotive and aerospace, building materials, chemicals, commercial printing and addressing, electrical components and electronics, and wire, cable and pipe.
The growth opportunities for players in the laser coders market growth lie in bringing innovation in terms of the faster execution of coding and that too on a wider range of products, and in producing products that are cost effective and occupy less space. There is an increasing need for high quality marking with improved traceability being witnessed across the globe, which in turn is expected to drive growth of the laser coder market over the forecast period. However, advances in coding and marking applications are still limited and the capital cost incurred on the same is high, in turn acting as restraints for the market growth. Consumables and maintenance costs are low in case of laser coders, which are among the major factors expected to further drive growth of the laser coder market over the forecast period. Meanwhile, the FDA is increasingly demanding permanent identifying mark solutions from the manufacturers in view of improving the product traceability, thereby creating further growth opportunity for the players operating in the market.
By geography, the global laser coder market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. There have been significant new developments being witnessed in the global laser coders market over the last few years in view of the increasing demand for high speed and reliability. Currently, China dominates the global laser coders market due to the presence of an innovative, cost efficient, environment friendly, and high efficient supply chain in the country. Most of the key market players are based out of China. The laser coder market in North America and Europe is also expected to witness significant growth over the forecast period due to increasing demand for laser coders in packaging industries in these regions.
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Some of the key players in the global laser coding market are Domino Printing Sciences PLC, Linx Printing Technologies, Telesis Technologies, Inc, Matthews Marking Systems, MACSA ID S.A., Markem-Imaje - a Dover Company, Videojet Technologies, Inc., Trotec Laser, Inc., and Liquid Packaging Solutions, Inc.
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