IMARC Group, a leading market research company, has recently releases report titled “Industrial Lasers Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial lasers systems market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Industrial Lasers Systems Market?

The global industrial lasers systems market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

What are Industrial Lasers Systems?

Industrial lasers systems refer to a wide range of machines and devices that employ lasers technology to perform various industrial and manufacturing processes. They comprise various critical components, such as a gain medium, a pump source, and a resonator, which is required for building up the light energy in the beam. They also consist of galvanometers which are electromechanical instruments that deflect a light beam by using a mirror and are employed to direct the beam at any angle within the marking window of the lasers. Industrial lasers systems primarily have three properties, including monochromatic, single direction, and coherent, which means light rays in the beam are synchronized and have the same phase and polarity. They are commercially segregated according to numerous aspects, such as power levels, colors, and beam sizes, however, they all rely on the same working principle. They function when electrons in the atoms in optical materials like glass, crystal, or gas absorb the energy from the electrical current or light. They are utilized to cut metals and fabrics, mark tracking codes for industrial traceability, weld metals with high precision, and clean metal surfaces. Industrial lasers systems are also employed for changing the surface roughness and accurately measuring part dimensions.

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What are the growth prospects and trends in the industrial lasers systems industry?

At present, the increasing demand for industrial lasers systems, as they are flexible, precise, and offer numerous automation possibilities, represents one of the primary factors influencing the market positively. Besides this, the rising adoption of industrial lasers systems in the automotive industry to manufacture engine parts, components cover, fuel filters, air conditioning equipment, airbags, and solenoids is propelling the growth of the market.

In addition, the growing utilization of industrial lasers systems for thoroughly cleaning molds, bakeware, baking trays, conveyors, and boilers and imparting anti-bacterial effects on various cookware items used in the food and beverage (F&B) industry is offering a favorable market outlook. Apart from this, the rising employment of lasers technology for engraving and marking on various packaging materials to customize them according to specific needs is contributing to the growth of the market.

Additionally, the increasing adoption of industrial lasers systems due to the rising popularity of industrial robots, 3D printing, and the advent of the industrial internet of things (IIoT) is supporting the growth of the market. Moreover, the increasing preference of companies to adopt automation and precision manufacturing to enhance productivity and reduce the occurrence of errors is strengthening the growth of the market. Furthermore, the rising usage of industrial lasers systems for trimming thick film chip resistors and low-resistance metal resistors is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Fiber

• Solid State

• CO2

• Others

Breakup by Application:

• Cutting

• Welding

• Marking

• Drilling

• Others

Breakup by End Use Industry:

• Semiconductor and Electronics

• Automotive

• Aerospace and Defense

• Medical

• Others

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

ACSYS Lasertechnik US Inc., Amonics Ltd., Coherent Inc., Han's Laser Technology Industry Group Co. Ltd, II-VI Incorporated, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumibird Group, Newport Corporation (MKS Instruments Inc.), NKT Photonics A/S, Toptica Photonics AG and TRUMPF.

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