Laser Technology Market by Type, Product, Application, Vertical & Region | Forecast 2022 to 2032
The Future of Laser Technology will be Without Any Doubt Magical'! Find Out with FMI How this Technology is Gaining Ground across the United Kingdom, Korea, Italy, Japan, the USA, and 30+ Countries!
The global laser technology market size is forecast to increase from US$ 16.7 billion in 2022 to US$ 35.4 billion by 2032. Overall laser technology demand will surge at 7.8% CAGR between 2022 and 2032.
In 2021, global laser technology sales revenue totaled US$ 15.4 billion. Demand will remain high for solid lasers during the assessment period. This is due to rising usage of solid-state lasers across various industries such as defense.
As per Future Market Insights, solid laser segment will expand at 7.7% from 2022 to 2032. This will make it a top revenue generation segment for laser manufacturing companies.
Key Trends Shaping the Laser Technology Demand
Rising applications in automotive and healthcare sectors to augment growth in the laser technology industry
Growing awareness about the advantages of laser-based techniques will elevate demand
Usage of Locus Beam Control (LBC) technology for improving laser system performance will bode well for the market.
Increasing popularity of ophthalmic lasers in eye treatments to create revenue-generation opportunities
Advancements in photonic technology and growing popularity of laser therapy will foster market development
High usage of lasers in optical communication applications will boost sales
Rising adoption of 3D laser scanning is likely to create growth prospects for the market
Widening applications of laser technology in defense & military sector will spur growth
Shift towards micro and nano-devices to stimulate market development
Advancements in laser technology will create new growth prospects for laser manufacturers
Penetration of digitalization and artificial intelligence opening new promising fields for laser technology
Since its development, laser technology has gained enormous traction worldwide. It has revolutionized various procedures and techniques performed across several industries. This includes automotive, healthcare, oil & gas, defense, manufacturing, etc.
Devices that emit light through an optical amplification process based on the stimulated emission of electromagnetic radiation are called lasers. They find applications in almost every section of modern society, including consumer electronics, medicine, military, and fiber-optic communication.
Lasers have become key components of various products that we use today. For instance, barcode scanners rely on lasers for information processing. DVD players depend on lasers to read information from disks. Lasers also find applications in several surgical procedures including LASIK eye surgery.
A few common applications of laser technology include
Laser material processing (cutting, engraving, marking, drilling, surface modification)
Laser surgery
Laser spectroscopy
Laser range finding
Optical communication
Bar code readers
Information processing (Blu-Ray and DVDs)
Holographic imaging
Growing usage of laser technology in automotive industry will boost the global market. Lasers provide high precision and accuracy in processes such as cutting and welding. They significantly improve productivity. As a result, they are being adopted by most automakers today.
Rising popularity of autonomous vehicles and integration of ADAS will also boost laser sales during the assessment period.
Another prominent factor that will fuel laser technology demand is the growing adoption of medical lasers. Lasers are being used in medical applications, such as surgery and ophthalmology.
They are showing promising results for the treatments of kidney stones, varicose veins, glaucoma, tumors, heart diseases, and other health conditions.
Rising prevalence of eye diseases such as cataracts is set to create lucrative opportunities for laser manufacturers. This is because these medical conditions can easily be treated with lasers.
Lasers allow medical professionals to accomplish more complex tasks, reduce chances of wound infection, decrease postoperative discomfort, and reduce blood loss. Hence, rising popularity of laser surgery will boost the global laser technology industry.
Besides this, increasing usage of laser technology in applications such as weaponry, telecommunication, and electronics will boost laser technology sales revenues.
With lasers becoming smaller and more powerful, application area of laser technology will keep increasing dramatically.
Attributes
Key Insights
Laser Technology Market Size in 2022
US$ 16.7 billion
Projected Market Value (2032)
US$ 35.4 billion
Value-based CAGR (2022 to 2032)
7.8%
USA Market CAGR (2022 to 2032)
6.6 %
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2017 to 2021 Laser Technology Sales Outlook Compared to Demand Forecast from 2022 to 2032
Global demand for laser technology increased at around 8.7% CAGR from 2017 to 2021. Total market value at the end of 2021 reached US$ 15.4 billion. Over the projection period, the worldwide laser technology industry will thrive at 7.8% CAGR, creating an absolute $ opportunity of US$ 18.7 billion.
Lasers are light-emitting devices that emit focused beams of light. Various industries, including manufacturing, communications, entertainment, and others, use laser technology in a variety of ways.
Several different manufacturing processes use lasers for cutting, welding, drilling, and marking. They provide high precision, speed, and accuracy, which can increase efficiency and lower costs.
Lasers are being increasingly adopted in the production of automobiles for cutting and welding metal components. Laser cutting and welding are precise and efficient which reduces manufacturing time and cost.
Laser headlights are also becoming more popular in high-end vehicles. Compared to conventional headlights, laser headlights are more energy-efficient and offer better visibility.
Advanced driver assistance systems (ADAS) use lasers to detect objects and roadblocks. This contributes to increased security and accident prevention. With rising adoption of ADAS, the demand for lasers is likely to increase at a healthy pace. This in turn will fuel market expansion.
There were around 82.6 million cars in 2021. It is projected that the number of cars produced by 2030 will reach about 111 million. Rising demand for automobiles will play a key role in boosting the laser technology industry. This is because lasers play a crucial role in the manufacturing process of automobiles.
Lasers are also used in a wide range of medical applications, such as surgery, dermatology, and ophthalmology. They are preferred over conventional methods due to the precise and minimally invasive procedures that are less painful and require less time to recover.
Diseases such as cancer, cataracts, and skin disorders are just a few of the conditions that can be treated with lasers. According to the World Health Organisation (WHO), in 2018 around 38.5 million people were suffering from blindness due to cataracts.
By 2030, it is estimated that around 56 million people will be suffering from blindness or severe visual impairments due to cataracts. As laser technology plays a crucial role in treating cataracts through surgery, rising cases of cataracts worldwide will elevate demand for lasers in the medical field.
Which Region Will Lead the Global Laser Technology Industry?
Asia Pacific to Create Lucrative Growth Avenues for the Laser Technology Manufacturers
As per Future Market Insights’ analysis, Asia Pacific will dominate the worldwide laser technology industry. It will create maximum growth opportunities for market expansion.
Asia Pacific laser technology market value reached US$ 8.1 billion in 2022. By the end of 2032, Asia Pacific market size will reach US$ 17.2 billion in 2032.
Booming automotive and consumer electronics industries supported by high adoption of laser technology in these sectors is driving the market.
Asia-Pacific is considered a manufacturing hub in the world due to large presence of various consumer electronics and automotive companies. Laser technology plays a crucial role in the manufacturing sector.
Laser technology has several advantages over traditional manufacturing methods, including greater precision, accuracy, and speed. It is commonly used to cut and weld materials such as metals, plastics, ceramics, and composites.
Laser cutting is a prevalent method for producing precise and intricate designs in sheet metal, whereas laser welding is used to connect two or more metal parts.
Asia-Pacific has a significant automobile market with a significant number of cars being sold and manufactured in the region. The region recorded around 32 million units of cars sold in the year 2020 which increased to around 34 million in 2021.
As lasers play a crucial role in the production of automobiles, rising demand for automobiles in the region will fuel expansion of laser technology industry.
Find your sweet spots for generating winning opportunities in this market.
Comparative Analysis of Adjacent Markets
Mobile Laser Scanning Market:
Differentiating Aspects
Mobile Laser Scanning Market
CAGR for 2022 to 2032
15.5%
Market Valuation in 2022
20.6 billion
Demand Drivers
Rising applications of mobile laser scanning in civil engineering will drive the market.
Development of advanced mobile laser scanning systems is likely to boost sales.
Safety Laser Scanner Market:
Differentiating Aspects
Safety Laser Scanner Market
CAGR for 2022 to 2032
~6.2%
Market Valuation in 2022
US$ 298.1 million
Demand Drivers
Growing usage of safety laser scanners in industries such as automotive and healthcare will boost the market.
Increasing Focus on improving safety of workers and machines will fuel sales.
Country-wise Insights
Country
United States
Projected CAGR (2022 to 2032)
6.6%
Historical CAGR (2017 to 2021)
5.6%
Market Value (2032)
US$ 5.6 billion
Country
United Kingdom
Projected CAGR (2022 to 2032)
6.2%
Historical CAGR (2017 to 2021)
4.2%
Market Value (2032)
US$ 904.3 million
Country
China
Projected CAGR (2022 to 2032)
9.3%
Historical CAGR (2017 to 2021)
10.9%
Market Value (2032)
US$ 8.9 billion
Country
Japan
Projected CAGR (2022 to 2032)
8.0%
Historical CAGR (2017 to 2021)
9.0%
Market Value (2032)
US$ 5.5 billion
Country
South Korea
Projected CAGR (2022 to 2032)
8.2%
Historical CAGR (2017 to 2021)
10.2%
Market Value (2032)
US$ 2.2 billion
What is Fueling Sales of Lasers in the United States?
Rising Applications of Laser Technology in Medical Industry Triggering Sales in the USA Market
The United States laser technology market will cross a valuation of US$ 5.6 billion by 2032. It is likely to generate an absolute $ opportunity of US$ 2.6 billion through 2032. Overall laser technology in the country grew at 5.6% CAGR from 2017 to 2021.
Between 2022 and 2032, sales of lasers and laser systems in the United States will surge at 6.6% CAGR. Rising applications of laser technology in healthcare sector is a prominent factor fueling sales.
Similarly, rising cases of eye disorders and development of new advanced medical laser systems and ophthalmic lasers will boost the USA market.
In recent years, there has been a sharp rise in the cases of people with cataracts in the United States. For instance, around 25 million people were diagnosed with cataracts in 2018. It is projected that the number of people with cataracts will increase to around 38.5 million by 2030.
Rising cases of these eye disorders will in turn generate high demand for advanced lasers. This is because lasers play a crucial role in the treatment of cataracts by allowing for minimally invasive surgery and reduced recovery time.
Why is China Evolving as a Dominant Laser Technology Market?
High Adoption in Automotive Industry Elevating Demand for Laser Technology in China
As per the latest report, China will remain at the epicenter of laser technology industry through 2032. This is attributable to rising usage of laser technology in thriving automotive, electronics, and semiconductor sectors.
Laser technology demand in China increased at 10.9% CAGR between 2017 to 2021. Over the projection period, it will rise at a robust CAGR of 9.3%. By the end of 2032, China laser technology industry will top a valuation of US$ 8.9 billion.
China is a predominant hub for manufacturing in the world due to large presence of leading automobile and consumer electronics companies. It is also a predominant car manufacturer producing around 21 million cars in the year 2021.
With rising demand for automobiles, the demand for laser technology is also increasing in the country. This is because it provides an efficient and precise method of cutting and welding.
Laser technology is also used as a method of object detection in the ADAS (Advanced Driver Assistance System). Therefore, increasing usage of laser technology in thriving automotive industry will propel demand.
What Makes Japan a Lucrative Market for Laser Technology?
Increasing Adoption of Lasers in Consumer Electronics Boosting Japan Laser Technology Industry
The laser technology market size in Japan is set to reach US$ 5.5 billion by 2032. It will create absolute $ growth of US$ 3 billion over the next ten years. Laser technology sales revenue in Japan grew at a CAGR of 9% from 2017 to 2021.
Japan market will exhibit a CAGR of 8% during the assessment period from 2022 to 2032. Growing usage of laser technology in consumer electronics is a key factor driving the market.
Japan had around 107 million smartphone users in 2022 which is projected to increase to around 115 million by 2027. Laser technology is used in smartphones for various functions such as facial recognition and laser autofocus in the smartphone camera.
Therefore, with rising adoption of lasers in smartphones, the market for laser technology will expand at a healthy pace in the country during the assessment period.
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Category-wise Insights
Which Type of Laser Technology Will Remain High in Demand?
Demand to Remain High for Solid Lasers
Based on type, demand in the market will remain high for solid lasers over the forecast period. The solid laser segment expanded at a CAGR of 8.5% between 2017 and 2021. Over the next ten years, it will progress at 7.7% CAGR.
A solid material, such as a crystal or a glass, is used as the gain medium in solid-state lasers. These lasers are extremely dependable and produce high-quality beams, making them ideal for a variety of applications such as industrial manufacturing, medical treatments, and scientific research.
Materials such as metals and plastics are cut, welded, drilled, and marked using solid-state lasers during the manufacturing processes. Solid Lasers are also ideal for high-volume production and customization due to their high precision and speed.
Solid-state lasers are widely used in a variety of medical procedures, including cancer therapies, dermatology procedures, and eye surgeries. They provide control and precision over the treatment area, reducing harm to adjacent tissues.
Which Product Will Remain Highly Sought-After in Laser Technology?
System Segment to Lead the Global Market Through 2032
As per Future Market Insights, system segment will hold a prominent share of the market by 2032. This is due to rising adoption of laser systems across various industries.
The target segment registered a CAGR of 8.3% from 2017 to 2021. Between 2022 and 2032, laser systems demand is likely to soar at 7.6% CAGR.
Adoption of laser systems will increase across verticals such as automotive, medical, industrial, etc. This is due to their ability to perform a wide variety of functions including cutting, welding, engraving, etc.
Competitive Landscape
Leading laser technology manufacturers include 600 Group, Bystronic Lasers, Coherent, Inc., Epilog Laser, Euro Laser, Gravotech, Han's Laser Technology Co., Ltd., IPG Photonics, Jenoptik, and LaserStar.
New product launches, acquisitions, mergers, partnerships, and collaborations are few of the key strategies adopted by companies to stay relevant in the market.
Recent Developments
In July 2022, II-VI completed the acquisition of Coherent, Inc. Through this acquisition, II-VI expanded its presence in the laser market along with industrial, communications, and Electronics.
In June 2020, Coherent Inc launched HighLight FL4000CSM-ARM, a 4 KW fiber laser welding system for automobile welding. This new welding solution can improve the welding consistency, therefore, improving the overall weld quality.
In April 2020, Coherent Inc launched its new product HighLight DL HPSi. It is an industrial diode laser and can be used for various industrial processes such as metal cladding, heat treating, brazing, and welding.
Scope of the Report
Attribute
Details
Current Market Size (2022)
US$ 16.7 billion
Projected Market Size (2032)
US$ 35.4 billion
Anticipated Growth Rate (2022 to 2032)
7.8% CAGR
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
US$ Million for Value and MT for Volume
Key Regions Covered
North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Segments Covered
Type, Product, Application, Vertical, and Region
Key Companies Profiled
600 Group
Bystronic Lasers
Coherent, Inc.
Epilog Laser
Euro Laser
Gravotech
Han's Laser Technology Co., Ltd.
IPG Photonics
Jenoptik
LaserStar
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Global Laser Technology Market Segmentation
By Type:
Solid Laser
Liquid Laser
Gas Laser
By Product:
System
Laser
Application:
Laser processing
Optical Communication
Optoelectric Devices
By Vertical:
Telecommunication
Industrial
Semiconductor & Electronics
Commercial
Aerospace & Defense
Automotive
Medical
Research
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Frequently Asked Questions
What was the Market Valuation in 2022?
The market was valued at US$ 16.7 billion in 2022.
What is the Growth Potential of the Market?
The growth potential of the market is 7.8% through 2032.
What is the Projected Size of the Market by 2032?
The global market size is estimated to reach US$ 35.4 billion by 2032.
Who are the Key Market Players?
600 Group, Bystronic Lasers and Coherent, Inc. are the key market players.
Which is the Top Opportunity in the Market?
Growing awareness about the advantages of laser-based techniques will elevate demand.
Table of Content
1. Executive Summary | Laser Technology Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Solid Laser
5.3.1.1. Fiber Laser
5.3.1.2. Ruby Laser
5.3.1.3. Yttrium Aluminum Garnet Laser
5.3.1.4. Semiconductor Laser
5.3.1.5. Thin-disk Laser
5.3.2. Liquid Laser
5.3.2.1. X-ray Laser
5.3.2.2. Dye Laser
5.3.3. Gas Laser
5.3.3.1. CO2 Laser
5.3.3.2. Excimer Laser
5.3.3.3. Helium-Neon Laser
5.3.3.4. Argon Laser
5.3.3.5. Chemical Laser
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Product, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2022 to 2032
6.3.1. System
6.3.2. Laser
6.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Product, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2022 to 2032
7.3.1. Laser Processing
7.3.1.1. Macro Processing
7.3.1.2. Micro Processing
7.3.1.3. Advanced Processing
7.3.2. Optical Communication
7.3.3. Optoelectronic Devices
7.3.4. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vertical
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2017 to 2021
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2022 to 2032
8.3.1. Telecommunications
8.3.2. Industrial
8.3.3. Semiconductor & Electronics
8.3.3.1. Memory
8.3.3.2. Microprocessor
8.3.3.3. Photonic Integrated Circuit - PIC
8.3.4. Commercial
8.3.5. Aerospace & Defense
8.3.5.1. Aerospace
8.3.5.2. Missile
8.3.5.3. Space
8.3.5.4. Combat Vehicle
8.3.5.5. Ammunition & Weapon
8.3.6. Automotive
8.3.7. Medical
8.3.7.1. Laser Vision Correction
8.3.7.2. Confocal Microscope
8.3.7.3. Optogenetics
8.3.8. Research
8.3.9. Others
8.4. Y-o-Y Growth Trend Analysis By Vertical, 2017 to 2021
8.5. Absolute $ Opportunity Analysis By Vertical, 2022 to 2032
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. Middle East & Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Type
10.2.3. By Product
10.2.4. By Application
10.2.5. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Product
10.3.4. By Application
10.3.5. By Vertical
10.4. Key Takeaways
11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Type
11.2.3. By Product
11.2.4. By Application
11.2.5. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Product
11.3.4. By Application
11.3.5. By Vertical
11.4. Key Takeaways
12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Type
12.2.3. By Product
12.2.4. By Application
12.2.5. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Product
12.3.4. By Application
12.3.5. By Vertical
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Type
13.2.3. By Product
13.2.4. By Application
13.2.5. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Product
13.3.4. By Application
13.3.5. By Vertical
13.4. Key Takeaways
14. Middle East & Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of Middle East & Africa
14.2.2. By Type
14.2.3. By Product
14.2.4. By Application
14.2.5. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Product
14.3.4. By Application
14.3.5. By Vertical
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Type
15.1.2.2. By Product
15.1.2.3. By Application
15.1.2.4. By Vertical
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Type
15.2.2.2. By Product
15.2.2.3. By Application
15.2.2.4. By Vertical
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Type
15.3.2.2. By Product
15.3.2.3. By Application
15.3.2.4. By Vertical
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Type
15.4.2.2. By Product
15.4.2.3. By Application
15.4.2.4. By Vertical
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Type
15.5.2.2. By Product
15.5.2.3. By Application
15.5.2.4. By Vertical
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Type
15.6.2.2. By Product
15.6.2.3. By Application
15.6.2.4. By Vertical
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Type
15.7.2.2. By Product
15.7.2.3. By Application
15.7.2.4. By Vertical
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Type
15.8.2.2. By Product
15.8.2.3. By Application
15.8.2.4. By Vertical
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Type
15.9.2.2. By Product
15.9.2.3. By Application
15.9.2.4. By Vertical
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Type
15.10.2.2. By Product
15.10.2.3. By Application
15.10.2.4. By Vertical
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Type
15.11.2.2. By Product
15.11.2.3. By Application
15.11.2.4. By Vertical
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Type
15.12.2.2. By Product
15.12.2.3. By Application
15.12.2.4. By Vertical
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Type
15.13.2.2. By Product
15.13.2.3. By Application
15.13.2.4. By Vertical
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Type
15.14.2.2. By Product
15.14.2.3. By Application
15.14.2.4. By Vertical
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Type
15.15.2.2. By Product
15.15.2.3. By Application
15.15.2.4. By Vertical
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Type
15.16.2.2. By Product
15.16.2.3. By Application
15.16.2.4. By Vertical
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Type
15.17.2.2. By Product
15.17.2.3. By Application
15.17.2.4. By Vertical
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Type
15.18.2.2. By Product
15.18.2.3. By Application
15.18.2.4. By Vertical
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Type
15.19.2.2. By Product
15.19.2.3. By Application
15.19.2.4. By Vertical
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Type
15.20.2.2. By Product
15.20.2.3. By Application
15.20.2.4. By Vertical
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Product
16.3.4. By Application
16.3.5. By Vertical
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. 600 Group
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Bystronic Lasers
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Coherent, Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Epilog Laser
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Euro Laser
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Gravotech
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Han's Co., Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. IPG Photonics
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Jenoptik
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. LaserStar
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used19. Research Methodology
List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 10: North America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 14: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 17: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 18: Europe Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 20: Europe Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 21: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 23: Asia Pacific Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 24: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 26: Middle East & Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 27: Middle East & Africa Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 28: Middle East & Africa Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 29: Middle East & Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Middle East & Africa Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
List of Charts
Figure 1: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Product, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 5: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 13: Global Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 14: Global Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 15: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 18: Global Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 21: Global Market Attractiveness by Type, 2022 to 2032
Figure 22: Global Market Attractiveness by Product, 2022 to 2032
Figure 23: Global Market Attractiveness by Application, 2022 to 2032
Figure 24: Global Market Attractiveness by Vertical, 2022 to 2032
Figure 25: Global Market Attractiveness by Region, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by Product, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 29: North America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 30: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 40: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 41: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 42: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 43: North America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 44: North America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 45: North America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 46: North America Market Attractiveness by Type, 2022 to 2032
Figure 47: North America Market Attractiveness by Product, 2022 to 2032
Figure 48: North America Market Attractiveness by Application, 2022 to 2032
Figure 49: North America Market Attractiveness by Vertical, 2022 to 2032
Figure 50: North America Market Attractiveness by Country, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Product, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 55: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 59: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 60: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 62: Latin America Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 66: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 68: Latin America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 69: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 70: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 71: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Product, 2022 to 2032
Figure 73: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 74: Latin America Market Attractiveness by Vertical, 2022 to 2032
Figure 75: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) by Product, 2022 to 2032
Figure 78: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 79: Europe Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 80: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 84: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 85: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 86: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 87: Europe Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 88: Europe Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 89: Europe Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 90: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 93: Europe Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 94: Europe Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 95: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 96: Europe Market Attractiveness by Type, 2022 to 2032
Figure 97: Europe Market Attractiveness by Product, 2022 to 2032
Figure 98: Europe Market Attractiveness by Application, 2022 to 2032
Figure 99: Europe Market Attractiveness by Vertical, 2022 to 2032
Figure 100: Europe Market Attractiveness by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 102: Asia Pacific Market Value (US$ Million) by Product, 2022 to 2032
Figure 103: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 104: Asia Pacific Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 106: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 110: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 111: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 112: Asia Pacific Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 113: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 114: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 115: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 116: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 117: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 118: Asia Pacific Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 119: Asia Pacific Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 120: Asia Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 121: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 122: Asia Pacific Market Attractiveness by Product, 2022 to 2032
Figure 123: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 124: Asia Pacific Market Attractiveness by Vertical, 2022 to 2032
Figure 125: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 126: Middle East & Africa Market Value (US$ Million) by Type, 2022 to 2032
Figure 127: Middle East & Africa Market Value (US$ Million) by Product, 2022 to 2032
Figure 128: Middle East & Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 129: Middle East & Africa Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 130: Middle East & Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 131: Middle East & Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 132: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 133: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 134: Middle East & Africa Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 135: Middle East & Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 136: Middle East & Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 137: Middle East & Africa Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 138: Middle East & Africa Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 139: Middle East & Africa Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 140: Middle East & Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 141: Middle East & Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 142: Middle East & Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 143: Middle East & Africa Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 144: Middle East & Africa Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 145: Middle East & Africa Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 146: Middle East & Africa Market Attractiveness by Type, 2022 to 2032
Figure 147: Middle East & Africa Market Attractiveness by Product, 2022 to 2032
Figure 148: Middle East & Africa Market Attractiveness by Application, 2022 to 2032
Figure 149: Middle East & Africa Market Attractiveness by Vertical, 2022 to 2032
Figure 150: Middle East & Africa Market Attractiveness by Country, 2022 to 2032
