[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Laser Processing Market by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Application (Cutting, Welding, Drilling, Marking and Engraving), End-user Industry and Region - Global Forecast to 2029

March 2024 | 255 pages | ID: L4761CE6A25EN
MarketsandMarkets

US$ 4,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The laser processing market is expected to reach USD 11.0 billion by 2029 from USD 6.8 billion in 2024, at a CAGR of 10.1% from 2024–2029. Surging demand for laser processing in medical applications, Advancement of laser-based techniques compared with conventional material processing methods, Significant transition towards nanodevices and microdevices production.

“Solid lasers segment is to hold the largest market share of laser processing market in 2023.”

Solid lasers are crucial in the laser processing market, propelled by their high power, precision, and adaptability to diverse materials. Particularly, advancements in fiber laser technology enhance performance and reliability. These energy-efficient lasers exhibit a compact design, facilitating easy integration into manufacturing systems. The decreased cost over time has expanded their accessibility, making them attractive to various industries. Solid lasers with a simple construction design and smaller beam diameter than a CO2 laser have numerous applications, including metal processing and medical applications such as eye surgery and environmental instrumentation measurements.

“Hybrid configuration is to hold the largest market share of laser processing market in 2023.”

Hybrid configuration holds the largest market share of laser processing market in 2023. Hybrid laser processing systems are gaining prominence driven by their versatility, multifunctionality, and the ability to combine different laser technologies, such as fiber and CO2 lasers. These systems offer optimized material processing, leveraging the strengths of various lasers for enhanced efficiency and quality outcomes. Hybrid systems provide increased flexibility and adaptability, making them suitable for diverse materials and applications. Particularly valuable in additive manufacturing, these systems enhance precision in layer-by-layer material deposition.

“Cutting application is to hold the largest market share of laser processing market in 2023.”

The availability of high-powered lasers, higher accuracy, and declining cost of lasers are some of the factors driving the laser processing market for the cutting application.

Cutting applications where lasers are being predominantly used include the cutting of hydro-formed parts and tubes, high-speed cutting of thin-sheet metals, and the cutting of thick-section materials, among others. Lasers offer a cost-effective and reliable means for the cutting of non-metal materials.

“Machine tools industry is to hold the largest market share of laser processing market in 2023.”

Machine Tools industry accounted for the largest share of laser processing market in 2023. Laser processing facilitates precision machining at a high level, empowering manufacturers to attain remarkable accuracy in intricate cutting, welding, and marking tasks. This level of precision is especially critical in the production of complex components within the machine tools industry. With a rising demand for precision machining, the incorporation of laser technology into machine tools is on the ascent. Laser-driven processes provide exceptional control over material removal and modification, thereby elevating the overall quality of machining operations.

“China is expected to hold the largest market share of laser processing market throughout the forecast period.”

The Asia Pacific comprises China, Japan, South Korea, and India. China's robust industrialization and manufacturing expansion create a demand for advanced production technologies, with laser processing aligning well with these evolving needs expected to support the market growth in Asia Pacific. The electronics and semiconductor manufacturing sectors benefit from laser applications, while the automotive industry utilizes laser processing for cutting-edge manufacturing. In addition, the growth in China's healthcare sector fuels demand for laser processing in medical device manufacturing.

The break-up of the profiles of primary participants:
  • By Company Type – Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation – C-level Executives – 48%, Directors – 33%, and Others – 19%
  • By Region – North America - 35%, Europe – 18%, Asia Pacific – 40%, and Rest of the World – 7%


Major players in the laser processing market include Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), Jenoptik AG (Germany) and others.

Research Coverage

The report segments the laser processing market by Laser Type, Configuration, Application, Industry and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall laser processing market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
  • Analysis of critical drivers (Surging demand for laser processing in medical applications, Advancement of laser-based techniques compared with conventional material processing methods, Significant transition towards nanodevices and microdevices production, Rising demand for authentic and top notch products.), restraints (High deployment cost, lack of trained workforce), opportunities (Growing application of Laser Processing in automotive vertical, growing adoption of laser processing in surface treatment and engraving, emerging application of laser processing in research and development), challenges (environmental challenges related to the utilization of rare earth elements, technical challenges associated to high-power lasers) influencing the growth of the laser processing market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the laser processing market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the laser processing market across various regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the laser processing market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), Jenoptik AG (Germany) and others.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
FIGURE 1 LASER PROCESSING MARKET SEGMENTATION
  1.3.2 INCLUSIONS AND EXCLUSIONS
  1.3.3 REGIONAL SCOPE
  1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 LASER PROCESSING MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY DATA
    2.1.1.1 List of major secondary sources
    2.1.1.2 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Breakdown of primaries
    2.1.2.2 List of primary interview participants
    2.1.2.3 Key industry insights
    2.1.2.4 Key data from primary sources
  2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION METHODOLOGY
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 LASER PROCESSING MARKET: BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
FIGURE 4 LASER PROCESSING MARKET: TOP-DOWN APPROACH
FIGURE 5 LASER PROCESSING MARKET SIZE ESTIMATION METHODOLOGY
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 LASER PROCESSING MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 7 LASER PROCESSING MARKET: RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
FIGURE 8 LASER PROCESSING MARKET: RISK ASSESSMENT
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER PROCESSING MARKET
TABLE 1 LASER PROCESSING MARKET: PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER PROCESSING MARKET

3 EXECUTIVE SUMMARY

FIGURE 9 GLOBAL LASER PROCESSING MARKET, 2020–2029 (USD MILLION)
FIGURE 10 SOLID LASERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 HYBRID SEGMENT HELD LARGEST SHARE OF LASER PROCESSING MARKET, BY CONFIGURATION, IN 2023
FIGURE 12 MACHINE TOOLS ACCOUNTED FOR LARGEST MARKET SHARE, BY END-USER INDUSTRY, IN 2023
FIGURE 13 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN LASER PROCESSING MARKET FROM 2024 TO 2029

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER PROCESSING MARKET
FIGURE 14 ADOPTION OF LASER PROCESSING TECHNOLOGIES TO PROMOTE INDUSTRIAL AUTOMATION TO FOSTER MARKET GROWTH
4.2 LASER PROCESSING MARKET, BY LASER TYPE
FIGURE 15 SOLID LASERS HELD LARGEST SHARE OF LASER PROCESSING MARKET IN 2023
4.3 LASER PROCESSING MARKET, BY APPLICATION
FIGURE 16 CUTTING APPLICATION TO DOMINATE LASER PROCESSING MARKET DURING FORECAST PERIOD
4.4 LASER PROCESSING MARKET, BY END-USER INDUSTRY
FIGURE 17 MACHINE TOOLS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
4.5 LASER PROCESSING MARKET, BY COUNTRY
FIGURE 18 US TO EXHIBIT HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 LASER PROCESSING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Rising adoption of laser technologies in precision medicine and personalized treatments
    5.2.1.2 Shifting preference from conventional material processing tools to laser-based techniques
    5.2.1.3 Growing reliance on laser technology for manufacturing nano and micro devices
FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES (MILLION SQUARE INCH), 2020–2022
    5.2.1.4 Increasing use of lasers in marking and coding processes
FIGURE 21 IMPACT ANALYSIS: DRIVERS
  5.2.2 RESTRAINTS
    5.2.2.1 High R&D and upfront costs
    5.2.2.2 Shortage of skilled workforce
FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
  5.2.3 OPPORTUNITIES
    5.2.3.1 Growing adoption of laser technologies in automobile sector
FIGURE 23 GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2019–2022 (MILLION UNITS)
    5.2.3.2 Increasing focus of consumer goods manufacturers on design innovation, customization, and functional enhancements
    5.2.3.3 Rising use of lasers in scientific research
FIGURE 24 IMPACT ANALYSIS: OPPORTUNITIES
  5.2.4 CHALLENGES
    5.2.4.1 Environmental challenges related to use of rare-earth elements in laser processing
    5.2.4.2 Technical issues associated with high-power lasers
FIGURE 25 IMPACT ANALYSIS: CHALLENGES
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 26 LASER PROCESSING MARKET: SUPPLY CHAIN ANALYSIS
  5.3.1 RAW MATERIAL SUPPLIERS
  5.3.2 MANUFACTURERS
  5.3.3 DISTRIBUTORS
  5.3.4 END USERS
  5.3.5 AFTER-SALES SERVICE PROVIDERS
5.4 ECOSYSTEM ANALYSIS
FIGURE 27 LASER PROCESSING MARKET ECOSYSTEM
TABLE 2 ROLE OF COMPANIES IN LASER PROCESSING ECOSYSTEM
5.5 INVESTMENT AND FUNDING SCENARIO
FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2023
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 29 LASER PROCESSING MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.7 TECHNOLOGY ANALYSIS
  5.7.1 KEY TECHNOLOGY
    5.7.1.1 Machine learning & artificial intelligence
    5.7.1.2 Additive manufacturing
  5.7.2 COMPLEMENTARY TECHNOLOGY
    5.7.2.1 LiDAR
  5.7.3 ADJACENT TECHNOLOGY
    5.7.3.1 Fiber optics
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 3 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
  5.8.1 THREAT OF NEW ENTRANTS
  5.8.2 THREAT OF SUBSTITUTES
  5.8.3 BARGAINING POWER OF SUPPLIERS
  5.8.4 BARGAINING POWER OF BUYERS
  5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 CASE STUDY ANALYSIS
  5.9.1 PLANO PLASTICS USES XL-3200 LASER MACHINE TO ENABLE ECONOMICAL ACRYLIC PROCESSING
  5.9.2 SHIM SHACK ADOPTS LASERCUBE TO REDUCE TURNAROUND TIME AND INVENTORY COSTS OF METAL FABRICATION
  5.9.3 PAPER SUSHI ADOPTS EPILOG LASER’S LASER CUTTING AND ENGRAVING MACHINE TO EXPAND PRODUCT LINES
5.10 TRADE ANALYSIS
  5.10.1 IMPORT SCENARIO
FIGURE 31 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  5.10.2 EXPORT SCENARIO
FIGURE 32 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.11 PRICING ANALYSIS
  5.11.1 AVERAGE SELLING PRICE OF FIBER LASERS
FIGURE 33 AVERAGE SELLING PRICE OF FIBER LASERS, 2020–2029 (USD)
  5.11.2 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
FIGURE 34 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE (USD)
  5.11.3 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION
FIGURE 35 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2021–2023 (USD)
5.12 PATENT ANALYSIS
FIGURE 36 PATENTS APPLIED AND GRANTED, 2024–2023
TABLE 5 LASER PROCESSING MARKET: LIST OF MAJOR PATENTS, 2021–2024
5.13 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 6 LASER PROCESSING MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
5.14 REGULATORY LANDSCAPE AND STANDARDS
  5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.14.2 STANDARDS
    5.14.2.1 IEC 60825-1:2014
    5.14.2.2 ANSI Z136.1
    5.14.2.3 Federal Laser Product Performance Standard (FLPPS)
    5.14.2.4 International Commission on Non-ionizing Radiation Protection (ICNIRP) (2013)
    5.14.2.5 EN 60825 – Safety of laser products
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES (%)
  5.15.2 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES

6 RECENT TRENDS AND DEVELOPMENTS IN LASER PROCESSING

6.1 INTRODUCTION
6.2 INCREASING APPLICATION OF FEMTOSECOND LASERS
6.3 SURGING R&D INVESTMENT IN GREEN & ULTRAFAST LASERS
6.4 INCREASING RELIANCE ON LASER SURFACE TEXTURING PROCESS TO ENHANCE MATERIAL PROPERTIES
6.5 RISING POPULARITY OF LASER CLEANING MACHINES AS ENVIRONMENT-FRIENDLY ALTERNATIVE TO TRADITIONAL COATING REMOVAL SYSTEMS
6.6 RAPID ADVANCEMENTS IN LASER SAFETY TECHNOLOGIES
6.7 RISING INTEGRATION OF SMART MANUFACTURING AND INDUSTRY 4.0 TECHNOLOGIES INTO LASER PROCESSING

7 LASER PROCESSING COMPONENTS

7.1 INTRODUCTION
FIGURE 39 LASER PROCESSING COMPONENTS
7.2 LASERS
7.3 LASER SYSTEMS

8 LASER PROCESSING MARKET, BY LASER TYPE

8.1 INTRODUCTION
FIGURE 40 LASER PROCESSING MARKET, BY LASER TYPE
FIGURE 41 SOLID LASERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
TABLE 14 LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
8.2 SOLID LASERS
TABLE 15 SOLID LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 16 SOLID LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
FIGURE 42 FIBER LASERS TO DOMINATE MARKET FOR SOLID LASER MARKET, BY TYPE, FROM 2024 TO 2029
TABLE 17 SOLID LASERS: LASER PROCESSING MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 18 SOLID LASERS: LASER PROCESSING MARKET, BY TYPE, 2024–2029 (USD MILLION)
  8.2.1 FIBER LASERS
    8.2.1.1 High power and excellent beam quality of fiber lasers to contribute to market growth
TABLE 19 FIBER LASERS: LASER PROCESSING MARKET, 2020–2023 (THOUSAND UNITS)
TABLE 20 FIBER LASERS: LASER PROCESSING MARKET, 2024–2029 (THOUSAND UNITS)
  8.2.2 RUBY LASERS
    8.2.2.1 Utilization of ruby lasers in cosmetic and medical procedures to fuel segmental growth
  8.2.3 YAG LASERS
    8.2.3.1 Adoption of YAG lasers in metal welding applications to accelerate segmental growth
  8.2.4 SEMICONDUCTOR LASERS
    8.2.4.1 Precise control and minimal heat input attributes to boost adoption of semiconductor lasers
  8.2.5 THIN-DISK LASERS
    8.2.5.1 Use of thin-disk lasers in additive manufacturing to contribute to segmental growth
8.3 GAS LASERS
TABLE 21 GAS LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 22 GAS LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 23 GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 24 GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2024–2029 (USD MILLION)
  8.3.1 CO2 LASERS
    8.3.1.1 Ability of CO2 lasers to enable precise and high-speed material cutting with minimal thermal damage to drive market
  8.3.2 EXCIMER LASERS
    8.3.2.1 Implementation of excimer lasers in advanced manufacturing to facilitate segmental growth
  8.3.3 HELIUM–NEON LASERS
    8.3.3.1 Stable output and well-defined beam characteristics to augment demand for helium–neon lasers
  8.3.4 ARGON LASERS
    8.3.4.1 Adoption of argon lasers in photocoagulation surgery to contribute to segmental growth
  8.3.5 CHEMICAL LASERS
    8.3.5.1 Use of chemical lasers in precision machining applications to expedite segmental growth
8.4 LIQUID LASERS
  8.4.1 DEPLOYMENT OF LIQUID LASERS IN REMOTE SENSING AND MAPPING APPLICATIONS TO DRIVE MARKET
TABLE 25 LIQUID LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 26 LIQUID LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
8.5 OTHER LASER TYPES
TABLE 27 OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 28 OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)

9 LASER PROCESSING MARKET, BY CONFIGURATION

9.1 INTRODUCTION
FIGURE 43 LASER PROCESSING MARKET, BY CONFIGURATION
FIGURE 44 MOVING BEAM CONFIGURATION TO EXHIBIT HIGHEST CAGR BETWEEN 2024 AND 2029
TABLE 29 LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
TABLE 30 LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
9.2 FIXED BEAM
  9.2.1 GREATER FLEXIBILITY AND STABILITY OF FIXED BEAM CONFIGURATION TO BOOST MARKET GROWTH
TABLE 31 FIXED BEAM: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 32 FIXED BEAM: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
9.3 MOVING BEAM
  9.3.1 REQUIREMENT FOR RAPID AND PRECISE LASER BEAM MOVEMENTS TO FOSTER SEGMENTAL GROWTH
FIGURE 45 ASIA PACIFIC TO HOLD LARGEST SHARE OF MARKET FOR MOVING BEAM CONFIGURATION IN 2029
TABLE 33 MOVING BEAM: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 34 MOVING BEAM: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
9.4 HYBRID
  9.4.1 NEED FOR ENHANCED EFFICIENCY AND FLEXIBILITY OF LASER PROCESSING TO EXPEDITE SEGMENTAL GROWTH
TABLE 35 HYBRID: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 36 HYBRID: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 37 COMPARISON OF LASER PROCESSING CONFIGURATIONS
9.5 CONFIGURATIONS FOR LASER CUTTING AND ENGRAVING
  9.5.1 RASTER MODE
  9.5.2 VECTOR MODE
TABLE 38 COMPARISON OF RASTER AND VECTOR MODES

10 LASER PROCESSING MARKET, BY APPLICATION

10.1 INTRODUCTION
FIGURE 46 LASER PROCESSING MARKET, BY APPLICATION
FIGURE 47 CUTTING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
TABLE 39 LASER PROCESSING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 40 LASER PROCESSING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 CUTTING
  10.2.1 USE OF LASER TECHNOLOGY IN METAL AND NON-METAL MATERIAL CUTTING APPLICATIONS TO DRIVE MARKET
TABLE 41 CUTTING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 42 CUTTING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  10.2.2 FUSION CUTTING
  10.2.3 FLAME CUTTING
  10.2.4 SUBLIMATION CUTTING
10.3 WELDING
  10.3.1 RELIANCE ON LASER WELDING PROCESS TO ASSEMBLE COMPLEX AUTOMOTIVE COMPONENTS TO FOSTER SEGMENTAL GROWTH
TABLE 43 WELDING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 WELDING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
10.4 DRILLING
  10.4.1 USE OF LASER DRILLING SYSTEMS TO CREATE INTRICATE COOLING HOLES IN TURBINE BLADES TO EXPEDITE SEGMENTAL GROWTH
TABLE 45 DRILLING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 46 DRILLING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  10.4.2 SINGLE-PULSE DRILLING
  10.4.3 PERCUSSION DRILLING
  10.4.4 TREPANNING DRILLING
  10.4.5 HELICAL DRILLING
10.5 MARKING & ENGRAVING
  10.5.1 ADOPTION OF LASER BEAMS TO CREATE HIGH-CONTRAST MARKS AND PROMINENT DESIGNS TO BOOST SEGMENTAL GROWTH
FIGURE 48 ASIA PACIFIC TO RECORD HIGHEST CAGR IN MARKET FOR MARKING & ENGRAVING APPLICATION DURING FORECAST PERIOD
TABLE 47 MARKING & ENGRAVING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 48 MARKING & ENGRAVING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  10.5.2 DIRECT LASER ENGRAVING
  10.5.3 SUBSURFACE LASER ENGRAVING
  10.5.4 DIRECT PHOTOPOLYMER LASER IMAGING
10.6 ADVANCED PROCESSING
  10.6.1 IMPLEMENTATION OF LASER BEAMS TO CREATE COMPLEX STRUCTURES WITH NANOSCALE ACCURACY TO FUEL SEGMENTAL GROWTH
TABLE 49 ADVANCED PROCESSING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 50 ADVANCED PROCESSING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
10.7 OTHER APPLICATIONS
TABLE 51 OTHER APPLICATIONS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 52 OTHER APPLICATIONS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)

11 LASER PROCESSING MARKET, BY END-USER INDUSTRY

11.1 INTRODUCTION
FIGURE 49 LASER PROCESSING MARKET, BY END-USER INDUSTRY
FIGURE 50 AEROSPACE INDUSTRY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 53 LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
TABLE 54 LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
11.2 MACHINE TOOLS
  11.2.1 USE OF LASERS FOR HIGH-SPEED PROCESSING AND SMOOTH CUTTING OF MACHINE TOOLS TO ACCELERATE SEGMENTAL GROWTH
TABLE 55 MACHINE TOOLS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 56 MACHINE TOOLS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
11.3 MICROELECTRONICS
  11.3.1 ADOPTION OF LASER BEAMS TO ENGRAVE PCBS AND OTHER ELECTRONIC COMPONENTS TO PROPEL MARKET
FIGURE 51 ASIA PACIFIC TO DOMINATE MARKET FOR MICROELECTRONICS FROM 2024 TO 2029
TABLE 57 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 58 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  11.3.2 FLAT-PANEL DISPLAY
  11.3.3 ADVANCED PACKAGING & INTERCONNECTS
  11.3.4 MICROMACHINING
  11.3.5 SEMICONDUCTOR MANUFACTURING
11.4 AUTOMOTIVE
  11.4.1 RELIANCE ON LASERS TO CREATE DURABLE WELDS IN AUTOMOBILE BODY PANELS TO FUEL SEGMENTAL GROWTH
TABLE 59 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 60 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
11.5 MEDICAL & LIFE SCIENCES
  11.5.1 DEPLOYMENT OF LASER PROCESSING TECHNOLOGIES IN TISSUE ABLATION AND OTHER MINIMALLY INVASIVE SURGERIES TO DRIVE MARKET
FIGURE 52 MEDICAL & LIFE SCIENCES TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LASER PROCESSING MARKET IN 2029
TABLE 61 MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 62 MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  11.5.2 LASER VISION CORRECTION
  11.5.3 CONFOCAL MICROSCOPES
  11.5.4 OPTOGENETICS
  11.5.5 OTHER MEDICAL & LIFE SCIENCES APPLICATIONS
11.6 AEROSPACE
  11.6.1 UTILIZATION OF LASERS IN AIRCRAFT PART MACHINING TO CONTRIBUTE TO SEGMENTAL GROWTH
TABLE 63 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 64 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
11.7 ARCHITECTURE
  11.7.1 IMPLEMENTATION OF LASER SCANNING SYSTEMS TO CREATE 3D MODELS OF BUILDING STRUCTURES TO FOSTER SEGMENTAL GROWTH
FIGURE 53 ARCHITECTURE INDUSTRY TO REGISTER HIGHEST CAGR IN NORTH AMERICAN LASER PROCESSING MARKET DURING FORECAST PERIOD
TABLE 65 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 66 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
11.8 OTHER END-USER INDUSTRIES
TABLE 67 OTHER END-USER INDUSTRIES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 68 OTHER END-USER INDUSTRIES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)

12 LASER PROCESSING MARKET, BY REGION

12.1 INTRODUCTION
FIGURE 54 US TO RECORD HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD
TABLE 69 LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 70 LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
12.2 NORTH AMERICA
  12.2.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN NORTH AMERICA
FIGURE 55 NORTH AMERICA: LASER PROCESSING MARKET SNAPSHOT
TABLE 71 NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
TABLE 72 NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
TABLE 73 NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
TABLE 74 NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
TABLE 75 NORTH AMERICA: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
TABLE 76 NORTH AMERICA: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
TABLE 77 NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 78 NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  12.2.2 US
    12.2.2.1 Deployment of laser technologies in advanced manufacturing to facilitate product differentiation to boost market growth
  12.2.3 CANADA
    12.2.3.1 Government support for development and commercialization of electric vehicles to accelerate market growth
  12.2.4 MEXICO
    12.2.4.1 Increased demand for efficient manufacturing and communication technologies to contribute to market growth
12.3 EUROPE
  12.3.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN EUROPE
FIGURE 56 EUROPE: LASER PROCESSING MARKET SNAPSHOT
TABLE 79 EUROPE: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
TABLE 80 EUROPE: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
TABLE 81 EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
TABLE 82 EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
TABLE 83 EUROPE: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
TABLE 84 EUROPE: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
TABLE 85 EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 86 EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  12.3.2 GERMANY
    12.3.2.1 Rising adoption of automated manufacturing systems to facilitate market growth
  12.3.3 FRANCE
    12.3.3.1 Increasing use of laser markers by aircraft component manufacturers to fuel segmental growth
  12.3.4 UK
    12.3.4.1 Growing reliance on laser technologies for serial number engraving and other quality control applications to propel market
  12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
  12.4.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN ASIA PACIFIC
FIGURE 57 ASIA PACIFIC: LASER PROCESSING MARKET SNAPSHOT
TABLE 87 ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
TABLE 88 ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
TABLE 89 ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
TABLE 90 ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
TABLE 91 ASIA PACIFIC: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
TABLE 92 ASIA PACIFIC: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
TABLE 93 ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 94 ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  12.4.2 CHINA
    12.4.2.1 Strong presence of wafer foundries to accelerate market growth
  12.4.3 JAPAN
    12.4.3.1 Rising demand for electric and hybrid cars to foster market growth
  12.4.4 SOUTH KOREA
    12.4.4.1 Thriving consumer electronics and automotive industries to contribute to market growth
  12.4.5 INDIA
    12.4.5.1 Government-led initiatives encouraging domestic manufacturing to fuel market growth
  12.4.6 REST OF ASIA PACIFIC
12.5 ROW
  12.5.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN ROW
TABLE 95 ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
TABLE 96 ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
TABLE 97 ROW: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
TABLE 98 ROW: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
TABLE 99 ROW: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
TABLE 100 ROW: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
TABLE 101 ROW: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 102 ROW: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  12.5.2 SOUTH AMERICA
    12.5.2.1 Increasing use of laser technologies for material processing to expedite market growth
  12.5.3 GCC COUNTRIES
    12.5.3.1 Surging demand for electric vehicles to accelerate market growth
  12.5.4 AFRICA & REST OF MIDDLE EAST
    12.5.4.1 Rising deployment of advanced manufacturing technologies to boost market growth

13 COMPETITIVE LANDSCAPE

13.1 INTRODUCTION
13.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
TABLE 103 LASER PROCESSING MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
13.3 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
FIGURE 58 LASER PROCESSING MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
13.4 MARKET SHARE ANALYSIS, 2023
TABLE 104 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
FIGURE 59 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
13.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 60 LASER PROCESSING MARKET: COMPANY VALUATION
FIGURE 61 LASER PROCESSING MARKET: FINANCIAL METRICS
13.6 BRAND/PRODUCT COMPARISON
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  13.7.1 STARS
  13.7.2 EMERGING LEADERS
  13.7.3 PERVASIVE PLAYERS
  13.7.4 PARTICIPANTS
FIGURE 62 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    13.7.5.1 Overall footprint
FIGURE 63 LASER PROCESSING MARKET: OVERALL COMPANY FOOTPRINT
    13.7.5.2 Laser type footprint
TABLE 105 LASER PROCESSING MARKET: LASER TYPE FOOTPRINT
    13.7.5.3 Application footprint
TABLE 106 LASER PROCESSING MARKET: APPLICATION FOOTPRINT
    13.7.5.4 End-user industry footprint
TABLE 107 LASER PROCESSING MARKET: END-USER INDUSTRY FOOTPRINT
    13.7.5.5 Region footprint
TABLE 108 LASER PROCESSING MARKET: REGION FOOTPRINT
13.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
  13.8.1 PROGRESSIVE COMPANIES
  13.8.2 RESPONSIVE COMPANIES
  13.8.3 DYNAMIC COMPANIES
  13.8.4 STARTING BLOCKS
FIGURE 64 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
  13.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
    13.8.5.1 List of key start-ups/SMEs
TABLE 109 LASER PROCESSING MARKET: LIST OF KEY START-UPS/SMES
    13.8.5.2 Competitive benchmarking of key start-ups/SMEs
TABLE 110 LASER PROCESSING MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
13.9 COMPETITIVE SITUATIONS AND TRENDS
  13.9.1 PRODUCT LAUNCHES
TABLE 111 LASER PROCESSING MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–JANUARY 2024
  13.9.2 DEALS
TABLE 112 LASER PROCESSING MARKET: DEALS, FEBRUARY 2021–NOVEMBER 2023

14 COMPANY PROFILES

(Business Overview, Products/Solutions/Services, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 KEY PLAYERS
  14.1.1 COHERENT CORP.
TABLE 113 COHERENT CORP.: COMPANY OVERVIEW
FIGURE 65 COHERENT CORP.: COMPANY SNAPSHOT
TABLE 114 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 COHERENT CORP.: PRODUCT LAUNCHES
  14.1.2 TRUMPF
TABLE 116 TRUMPF: COMPANY OVERVIEW
FIGURE 66 TRUMPF: COMPANY SNAPSHOT
TABLE 117 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 118 TRUMPF: PRODUCT LAUNCHES
  14.1.3 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD
TABLE 119 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY OVERVIEW
FIGURE 67 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY SNAPSHOT
TABLE 120 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCT LAUNCHES
TABLE 122 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: DEALS
  14.1.4 IPG PHOTONICS CORPORATION
TABLE 123 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW
FIGURE 68 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT
TABLE 124 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES
TABLE 126 IPG PHOTONICS CORPORATION: DEALS
  14.1.5 JENOPTIK AG
TABLE 127 JENOPTIK AG: COMPANY OVERVIEW
FIGURE 69 JENOPTIK AG: COMPANY SNAPSHOT
TABLE 128 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 129 JENOPTIK AG: PRODUCT LAUNCHES
TABLE 130 JENOPTIK AG: DEALS
TABLE 131 JENOPTIK AG: EXPANSIONS
  14.1.6 LUMENTUM OPERATIONS LLC
TABLE 132 LUMENTUM OPERATION LLC: COMPANY OVERVIEW
FIGURE 70 LUMENTUM OPERATION LLC: COMPANY SNAPSHOT
TABLE 133 LUMENTUM OPERATION LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 LUMENTUM OPERATION LLC: PRODUCT LAUNCHES
TABLE 135 LUMENTUM OPERATION LLC: DEALS
TABLE 136 LUMENTUM OPERATION LLC: EXPANSIONS
  14.1.7 GRAVOTECH MARKING
TABLE 137 GRAVOTECH MARKING: COMPANY OVERVIEW
TABLE 138 GRAVOTECH MARKING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 139 GRAVOTECH MARKING: PRODUCT LAUNCHES
  14.1.8 LASERSTAR TECHNOLOGIES CORPORATION
TABLE 140 LASERSTAR TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
TABLE 141 LASERSTAR TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  14.1.9 LUMIBIRD
TABLE 142 LUMIBIRD: COMPANY OVERVIEW
FIGURE 71 LUMIBIRD: COMPANY SNAPSHOT
TABLE 143 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 LUMIBIRD: PRODUCT LAUNCHES
TABLE 145 LUMIBIRD: DEALS
  14.1.10 EPILOG LASER
TABLE 146 EPILOG LASER: COMPANY OVERVIEW
TABLE 147 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 148 EPILOG LASER: PRODUCT LAUNCHES
TABLE 149 EPILOG LASER: EXPANSIONS
  14.1.11 MKS INSTRUMENTS
TABLE 150 MKS INSTRUMENTS: COMPANY OVERVIEW
FIGURE 72 MKS INSTRUMENTS: COMPANY SNAPSHOT
TABLE 151 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 152 MKS INSTRUMENTS: PRODUCT LAUNCHES
TABLE 153 MKS INSTRUMENTS: DEALS
  14.1.12 NOVANTA INC.
TABLE 154 NOVANTA INC.: COMPANY OVERVIEW
FIGURE 73 NOVANTA INC.: COMPANY SNAPSHOT
TABLE 155 NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 NOVANTA INC.: PRODUCT LAUNCHES
TABLE 157 NOVANTA INC.: DEALS
  14.1.13 EUROLASER GMBH
TABLE 158 EUROLASER GMBH: COMPANY OVERVIEW
TABLE 159 EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  14.1.14 600 GROUP PLC
TABLE 160 600 GROUP PLC: COMPANY OVERVIEW
FIGURE 74 600 GROUP PLC: COMPANY SNAPSHOT
TABLE 161 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  14.1.15 BYSTRONIC GROUP
TABLE 162 BYSTRONIC GROUP: COMPANY OVERVIEW
FIGURE 75 BYSTRONIC GROUP: COMPANY SNAPSHOT
TABLE 163 BYSTRONIC GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 164 BYSTRONIC GROUP: PRODUCT LAUNCHES
14.2 OTHER PLAYERS
  14.2.1 ALPHALAS GMBH
TABLE 165 ALPHALAS GMBH: COMPANY OVERVIEW
  14.2.2 APPLIED LASER TECHNOLOGY, INC.
TABLE 166 APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW
  14.2.3 ARIMA LASERS CORP.
TABLE 167 ARIMA LASERS CORP.: COMPANY OVERVIEW
  14.2.4 FOCUSLIGHT TECHNOLOGIES INC.
TABLE 168 FOCUSLIGHT TECHNOLOGIES INC: COMPANY OVERVIEW
  14.2.5 INNO LASER TECHNOLOGY CO., LTD.
TABLE 169 INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  14.2.6 NKT PHOTONICS A/S
TABLE 170 NKT PHOTONICS A/S: COMPANY OVERVIEW
  14.2.7 PHOTONICS INDUSTRIES INTERNATIONAL. INC.
TABLE 171 PHOTONICS INDUSTRIES INTERNATIONAL. INC.: COMPANY OVERVIEW
  14.2.8 SFX STORE
TABLE 172 SFX STORE: COMPANY OVERVIEW
  14.2.9 TOPTICA PHOTONICS AG
TABLE 173 TOPTICA PHOTONICS AG: COMPANY OVERVIEW
  14.2.10 VESCENT
TABLE 174 VESCENT: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15 ADJACENT MARKET

15.1 INTRODUCTION
15.2 FIBER OPTICS MARKET
FIGURE 76 GLASS FIBER TYPE TO DOMINATE FIBER OPTICS MARKET DURING FORECAST PERIOD
TABLE 175 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (USD MILLION)
TABLE 176 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)
TABLE 177 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (MILLION FIBER KILOMETER)
TABLE 178 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (MILLION FIBER KILOMETER)
  15.2.1 GLASS
    15.2.1.1 Use of glass fiber optics to deliver high performance in extreme conditions to boost segmental growth
FIGURE 77 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLASS FIBER OPTICS MARKET DURING FORECAST PERIOD
TABLE 179 GLASS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 180 GLASS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 181 GLASS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
TABLE 182 GLASS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)
  15.2.2 PLASTIC
    15.2.2.1 Adoption of plastic fiber optics in industrial and automotive lighting applications to drive market
FIGURE 78 ASIA PACIFIC TO DOMINATE PLASTIC FIBER OPTICS MARKET DURING FORECAST PERIOD
TABLE 183 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 184 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 185 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
TABLE 186 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)

16 APPENDIX

16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS


More Publications