Laser Marking Machine Market Share, Size, Trends, Industry Analysis Report, By Application (Automotive, Aerospace, Packaging, Electronics, Machine Tool, Medical, Others); By Laser (Fiber, CO2, Green, UV, YAG); By Region; Segment Forecast, 2022 - 2030

Laser Marking Machine Market Share, Size, Trends, Industry Analysis Report, By Application (Automotive, Aerospace, Packaging, Electronics, Machine Tool, Medical, Others); By Laser (Fiber, CO2, Green, UV, YAG); By Region; Segment Forecast, 2022 - 2030

The laser marking machine market size is expected to reach USD 5.59 billion by 2030 according to a new study by Polaris Market Research. The report “Laser Marking Machine Market Share, Size, Trends, Industry Analysis Report, By Application (Automotive, Aerospace, Packaging, Electronics, Machine Tool, Medical, Others); By Laser (Fiber, CO2, Green, UV, YAG); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Laser marking has been gaining prevalence in the market due to its longevity of usage, high speed of marking, exceptionally high precision in printing, and leaves no consumables or wastages. Modern industrial manufacturing across verticals such as automotive, electronics, aerospace, packaging, and medical have increasingly relied on laser machines instead of inkjet printers to create the unique identity of their product and marking solution needs.

Machine tools segment accounts for a significant share in the industry due to the low cost of ownership of laser machines and extremely high precision and repeatability of the utmost quality for small and complex machine tools. High power lasers keep the machine’s tool manufacturing and delivery with a shorter cycle time, making them readily available in the industry. Further, laser technology creates permanent and high-contrast markings, making them viable solutions for machine tool applications with different material substrates.