Laser Marking Machine Market Forecasts to 2028 – Global Analysis By Laser Type (CO2 Laser, Diode Laser and Other Laser Types), Offering (Hardware, Software and Services), Product Type (3D Laser Marking and 2D Laser Marking), Material (Plastic, Metal, Glas

Laser Marking Machine Market Forecasts to 2028 – Global Analysis By Laser Type (CO2 Laser, Diode Laser and Other Laser Types), Offering (Hardware, Software and Services), Product Type (3D Laser Marking and 2D Laser Marking), Material (Plastic, Metal, Glass and Other Materials), Method (Engraving, Annealing, Ablation and Other Methods), Application (Date Codes, Part Numbers and Other Applications), End User and Geography

According to Stratistics MRC, the Global Laser Marking Machine Market is accounted for $3.06 billion in 2022 and is expected to reach $5.30 billion by 2028 growing at a CAGR of 9.6% during the forecast period. The term LASER stands for Light Amplification by Stimulated Emission of Radiation. Laser marking is a permanent method that uses a concentrated light beam to generate a permanent mark on the surface of a range of materials such as serial numbers, component labelling, barcodes, individual part numbers, best-before-date, brand name, and many others. Laser marking spans a wide range of applications and is often conducted with a fibre, continuous-wave laser machine, or pulsed laser machine. The Laser marking machines offer permanent, faster, and accurate marking and engraving.

According to a recently released report by the Society of Indian Automobile Manufacturers (SIAM), India exported more than 5,617,000 units of automobiles in 2021. This number is expected to increase substantially in the future, creating sustainable opportunities for the Laser marking equipment market.

Market Dynamics:

Driver:

Higher performance of laser markers over traditional marking techniques

Laser marking systems provide greater accuracy, readability, cheaper labor costs, and less loss than traditional material marking procedures. When compared to traditional marking techniques such as dot peen marking, laser marking technologies are exceptionally rapid. They make a 2D pattern in around a second or less, compared to 5 seconds for dot peen marking systems, saving a substantial amount of time in plants where many objects need to be marked or engraved. Furthermore, as compared to traditional engraving procedures, laser marking is regarded as a versatile choice for marking a wide variety of aircraft parts due to its excellent endurance. The most typical uses for laser marking systems include annealing, carbon migration, foaming, and coloring.

Restraint:

High deployment cost

Lasers used in processes, systems, and applications range in power from a few hundred to thousands of watts. High power lasers are employed in large-scale laser displays, medical and military applications, research, laser-induced nuclear fusion, and material processing applications such as welding, cutting, and drilling. Although laser marking aids in the reduction of labour and related expenses in the automotive and manufacturing industries, its implementation requires a significant investment. As a result, the high initial investments and operational costs associated with the use of laser marking machines may impede overall market growth.

Opportunity:

Growing adoption of laser marking technology

The laser marking technology is increasingly being adopted across various industrial verticals due to its cost-effectiveness, product uniqueness, and reliability. Administrations are implementing standards for permanent marking on a variety of objects for the purposes of evidence of identity, traceability, and recordkeeping, particularly in the healthcare and defence sectors. Furthermore, the technique is being widely adopted by the automotive and aerospace industries. Markers are used in the automotive sector to engrave serial numbers on tire without affecting the tires structure. Because of its excellent endurance, laser marking is regarded as a viable solution for marking a wide range of aircraft parts. Thus, the above factors provide lucrative opportunities for the market growth.

Threat:

Technical complexities related to high power lasers

The use of high-power lasers presents numerous obstacles. The main problem is the need for one or more powerful pump sources like diode-pumped lasers for high output power in continuous-wave operation. Another technological problem is the demand for a high-efficiency wall plug for long-term CW operations. This is owing to the inability to attain efficiency at high power levels. Nonlinear phenomena such as Raman scattering, Brillouin scattering, and four-wave mixing are also observed in high-power lasers.

Covid-19 Impact

The medical sector has seen an increase in demand for laser marking machines and services as a result of the COVID-19 outbreak. There has been a significant increase in demand for masks and other medical devices used for COVID therapy, as well as the adoption of laser marking machines by medical product and device makers to identify their brand name and certificates using laser marking. In addition, COVID-19 testing kits with polypropylene tubes for sample collection have been in high demand. These kits are labelled from the outside with a UV laser for several parameters to ensure that patient identification is not compromised at any stage.

The fiber laser segment is expected to be the largest during the forecast period

The fiber laser segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its several advantages, including flexible fibre light, high optical quality, high output power, and machine compactness. The process of leaving an impression on goods with a fibre laser beam of light is referred to as fibre laser marking. The laser beam is created by extracting focused energy from light and using it in the marking machine. They are utilised on tough and rough surfaces. Fiber lasers provide a substantially higher output power than traditional laser markers. Fiber lasers can mark a wide range of materials, but they are best suited for metal marking. Because of their high power, they are ideal for annealing and engraving applications.

The machine tool segment is expected to have the highest CAGR during the forecast period

The machine tool segment is anticipated to witness the fastest CAGR growth during the forecast period. Machine tool manufacturing is the major application area of laser marking and engraving systems. The increasing capability of lasers to produce permanent alphanumeric features on machine tools, such as batch numbers, 1D & 2D bar codes, designs, manufacturing dates, brand names, manufacturer codes, and logos, is driving segment expansion. The manufacturing sector is modernising its operations with concepts such as factory automation and smart factories in order to increase production capacity through batch production. Furthermore, the growing usage of robotics and sensors has underlined the need of tool identification and recognition, driving demand for laser marking machines.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased adoption of laser marking machines in manufacturing factories in the region. The adoption of advanced production processes in the Chinese machine tool sector, as well as the region's thriving aerospace and military industries, are driving market expansion. Furthermore, its sustained dominance can be attributable to growing foreign investment and the movement of numerous corporations' manufacturing plants to nations such as India and China.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the dominance of automotive and automotive component manufacturers in countries such as Germany, Europe, Italy, and France. Furthermore, significant growth in the aerospace and transportation industries is likely to boost market growth in the region. For example, the United Kingdom government decided in December 2018 to contribute roughly USD 335.0 million in the Future Flight Challenge to fund improvements in aeronautical technology.

Key players in the market

Some of the key players profiled in the Laser Marking Machine Market include Videojet Technologies Inc, TRUMPF Group, Coherent Inc., Han's Laser Group, Novanta Inc., Epilog Corporation, Mecco Partners LLC, IPG Photonics Corporation, Vytek Laser Systems, TYKMA Electrox Inc., ROFIN-SINAR Laser GmbH, Wisely Laser Machinery Limited, Universal Laser Systems Inc., Trotec Laser GmbH, LaserStar Technologies Corporation, Telesis Technologies, Inc.

Key Developments:

In January 2020, Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup.

In November 2019, Coherent launched a switchable adjustable ring mode (ARM) fiber laser that has the ability to sequentially power two separate processes or workstations.

In August 2019, Han’s Laser launched multi-axis ultrafast micromachining equipment that can control the rotation of the laser and can control X, Y, Z motion in three directions.

In May 2019, TYKMA Electrox announced a collaboration with Cerakote, a provider of thin-film ceramic coating for several applications. The partnership was aimed at providing advanced imaging on products with Cerakote coatings by blending it with the former’s laser marking abilities on a variety of 3D objects.

Laser Types Covered:
• CO2 Laser
• Solid State Laser
• Diode Laser
• Fiber Laser
• Ultraviolet (UV) Laser
• Other Laser Types

Offerings Covered:
• Hardware
• Software
• Services

Product Types Covered:
• Portable
• Fixed

Machine Types Covered:
• 3D Laser Marking
• 2D Laser Marking

Materials Covered:
• Plastic
• Metal
• Glass
• Other Materials

Methods Covered:
• Engraving
• Annealing
• Ablation
• Other Methods

Applications Covered:
• Date Codes
• Part Numbers
• Quick Response (QR) Codes
• Logos
• Barcodes
• Other Applications

End Users Covered:
• Electronics and Microelectronics
• Healthcare
• Packaging
• Automotive
• Aerospace
• Military
• Machine Tool
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements