Global Industrial Laser Market 2024-2028

Industrial Laser Market 2024-2028

The industrial laser market is forecasted to grow by USD 2.89 bn during 2023-2028, accelerating at a CAGR of 7.58% during the forecast period. The report on the industrial laser market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing demand for industrial lasers from several industries, the growing popularity of additive manufacturing or three-dimensional printing, and the increasing need for material processing.

Technavio's industrial laser market is segmented as below:

• By Type
• Macro processing
• Micro processing
• By Power Output
• More than 1.1 kW
• Less than 1 kW
• By Geography
• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the government support and initiatives associated with industrial lasers as one of the prime reasons driving the industrial laser market growth during the next few years. Also, the rising adoption of laser-based systems in medical applications and growing demand for ultrashort pulse lasers will lead to sizable demand in the market.

The report on the industrial laser market covers the following areas:

• Industrial laser market sizing
• Industrial laser market forecast
• Industrial laser market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial laser market vendors that include Active Fiber Systems GmbH, AdValue Photonics Inc, AISIN CORP., Amonics Ltd., Calmar Laser Inc., Coherent Inc., FANUC Corp., Hamamatsu Photonics KK, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., Jenoptik AG, Laserglow Technologies, Laserline GmbH, Lumentum Holdings Inc., MKS Instruments Inc., nLIGHT Inc., Nuphoton Technologies Inc., Photonics Industries International Inc., Precitec GmbH and Co. KG, TroGroup GmbH, TRUMPF SE Co. KG, and VYDENCE Medical. Also, the industrial laser market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.