Industrial Laser Market Size, Share Global Analysis Report, 2020-2026

Industry Insights

[189+ Pages Report] According to the report published by Facts Factors, the global industrial laser market size was worth around USD 4.05 billion in 2019 and is predicted to grow to around USD 7.26 billion by 2026 with a compound annual growth rate (CAGR) of roughly 8.7% between 2020 and 2026. The report analyzes the global industrial laser market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial laser market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the industrial laser industry. The report analyzes and declares the historical and current trends analysis of the industrial laser industry and subsequently recommends the projected trends anticipated to be observed in the Industrial laser market during the upcoming years.

The industrial laser market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Industrial laser market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary analysis, the global industrial laser  market is  expected to reach around USD 7.26 billion 2026
• Growing demand for dermatology and cosmetology is predicted to surge the demand for global industrial lasers in near future.
• The fiber laser segment continues to maintain its dominance throughout the analysis period owing to fast-cutting speed and low maintenance cost
• According to our respondent, Europe is a global automobile leader and has been engaged in the development of robotics and laser technology in heavy industry sectors. Germany-based automobile manufacturers Volkswagen, BMW, Audi, and more manufacturers are integrating laser technology for manufacturing their car bodies, and for the assembly line. Fiber lasers and disk lasers are largely used in the automobile industry because of their high power beam divergence quality.

Key Recommendations from Analysts

• As per our analysts, global industrial laser market revenue was around USD 4.05 billion in 2019.
• Asia Pacific held the largest revenue market share in the year 2019 and is expected to be the fastest-growing region in the forecast period. China is the fastest-growing region in the Asia Pacific followed by India and Japan. The growth is mainly attributed to large investments along with significant research and development in industrial laser technology.
• Laser integration in additive manufacturing for 3D printing is predicted to shape the growth of the industrial laser market in near future.
• Latin America and the Middle East and Africa are also emerging as opportunistic markets for industrial laser technology because of ongoing developments in laser manufacturing technology. UAE and South Africa is the significant contributor of Middle East and Africa revenue for industrial laser.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the industrial laser industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Industrial laser industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the industrial laser market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Industrial laser industry. The Industrial laser market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the industrial laser sector. Key strategic developments in the Industrial laser market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Industrial laser market are appropriately highlighted in the report.

Report Scope

By geography, the global industrial laser market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the majority of the revenue share in the global Industrial laser market for the year 2019 coupled with the highest growth rate in the forecast period.

An industrial Laser is a light amplification tool that produces a focused beam of light used in industrial processes such as engraving, cutting, welding, and many more. Material operations using lasers are cleaner and more proper as compared to traditional methods. The type of operation and size of the material decide the frequency, power, and radius of the laser beam. The laser requires a gain media and continuous power supply for amplification of the beam that is suitable for industrial purposes. Gas, solid state, semiconductors, fabric, and chemical materials are some of the common gain media.

Some of the important driving factors for the global industrial laser market are the high demand for quantum cascade laser technology coupled with a shift in production towards micro and nanomaterials. However, regulatory compliances related to laser application are restricting the market growth. Nonetheless, increased application in optical communication along with growing usage of disk and fiber lasers in various verticals is expected to uplift the market growth in the forecast period.

The industrial laser market research report delivers an acute valuation and taxonomy of the industrial laser industry by practically splitting the market on the basis of different segments and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Industrial laser industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Industrial laser industry is provided for the leading economies of the world.

The industrial laser market is segmented on the basis of product type, power type, application, end-user, and region. By product type, the global industrial laser market is divided into CO2 laser, fiber laser, solid-state laser, and others. Fiber laser is the fastest-growing segment in the forecast period because of its growing applications and industrial benefits such as high-power divergent beams favorable for micro and nanomaterial processing.

Based on power type, the global industrial laser market is divided into high (more than 1KW), medium(100W to 1KW), and low(1W to 100W). By application, the market is bifurcated into marking, micromaterials, and macro materials. Macromaterials held the largest market share in the year 2019. Aerospace, automotive, electronics and semiconductors, medical, food & textile, construction, utility, and others are the end-user segments of the global industrial laser market.

Some of the leading players in the global market include

• Power Technology Inc.
• TRUMPF
• Mazak Optonics
• IPG Photonics
• Coherent
• Bystronic
• Newport Corporation
• ProPhotonix
• Clark MXR
• Hypertharm Inc.
• Fastree3D
• Light Blue Optics
• Calmar Laser Inc.
• Precitec Inc.
• REA Jet
• Sokkia Corporation
• Epilog Laser
• Apollo Instruments 

The taxonomy of the industrial laser industry by its scope and segmentation is as follows:

Product Type Segment Analysis

• CO2 Laser
• Fiber Laser
• Solid State Laser
• Others

Power Type Segment Analysis

• High(more than 1KW)
• Medium(100W to 1KW)
• Low(1W to 100W)

Application Segment Analysis

• Marking
• Micromaterials
• Macromaterials

End User Segment Analysis

• Aerospace
• Automotive
• Electronics and Semiconductors
• Medical
• Food & Textile
• Construction
• Utility
• Others

Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of LA
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of MEA