Laser Marking Machine Market Overview

The global market for laser marking machines was valued at USD 2.82 Billion in 2021. This market is expected to grow at a CAGR of 7.6% between 2023-2032.

The market has seen positive growth due to the increased use of laser marking devices in automated processes for mass production. Laser marking machines can be used to mark bar codes, logos, and matrix codes on virtually all types of material. Due to the COVID-19 crisis, laser marking services have seen an increase in demand from the medical industry.

A sudden rise in demand has occurred for masks, as well as other medical devices that are used for COVID therapy. Medical device and medical product manufacturers have begun to adopt laser marking systems to label their products and obtain certifications. The demand for COVID-19 kits has been high. These kits include polypropylene tubes that can be used to collect samples. These kits are marked externally with a UV laser for different parameters. This is to ensure patient identification at all steps.

Global Laser Marking Machine Market Analysis

Type Analysis

The fiber laser segment was the most profitable with a revenue share of 47% in 2021. It is expected to grow the fastest over the forecast period. The machine’s compact size and flexibility, as well as high output power and high optical quality, are some of its benefits. The study also included CO2, green, and UV lasers. Different laser sources use different wavelengths, so each machine can be used for a particular set of applications. Fiber machines are more suitable for hard and rigid surfaces. CO2 lasers are best suited for marking thin and less rigid surfaces. In order to choose the right machine type for marking a material, it is important to consider the wavelength of the laser used. The market has seen a rise in laser marking across a range of applications including aerospace, defense, and other metals.

Because of their ability to micro-process and fine-cut specific materials, such as glass, textile, and ceramic liquid crystal screen screens, the UV and YAG segments will record significant CAGRs in the forecast period. The UV laser’s beam interacts with materials to alter their properties and appearance. The beam is focused on a small area in order to create or design high-quality, precise, high-contrast markings.

Application Analysis

In 2021, machine tool applications were responsible for a significant revenue share. The segment growth is fueled by the increasing functionality of lasers in order to provide alphanumeric, permanent details on machine tools. To increase manufacturing’s production capacity, the sector is investing in smart factories and factory automation. The growing use of robots and sensors has also made it clear that tool recognition and identification are crucial, which is driving the demand for laser marking machinery.

The fastest growing segment in aerospace applications is expected to see a CAGR of over 7.5% between 2023-2032. Due to the increasing demand for electronic products, laser marking machines have experienced a significant increase in their use over the years. In order to increase their market share, electronic device manufacturers are also looking at diversifying their product lines. This will lead to increased production and positively impact market growth.

Key Market Segments

By Type

• YAG Laser
• Fiber Laser
• CO2 Laser
• UV Laser
• Green Laser

By Application

• Aerospace
• Automotive
• Packaging
• Medical
• Other Applications

Market Dynamics

Because of its cost-effectiveness as well as product uniqueness and reliability, laser marking technology has been adopted by many industries. Permanent marking of products is a common practice in many industries, including healthcare and defense, to prove identity, traceability, and documentation purposes. This technology is being widely adopted by the aerospace and automotive industry. The automotive industry uses markers to mark serial numbers on tires. They don’t alter the tire structure. Laser marking is more durable than traditional engraving and can be used to mark a wide variety of parts.

These engraving systems have many applications in the electronics sector. Semiconductor & electronics products are made on a large scale, so automated marking and engraving are required. Many components need to be labeled with extensive information. This is possible with the aid of marking machines. Galvo laser marking machines can be used to label electronic components in a semi- or fully automated fashion. Telesis Technologies, Inc. provides the EV4GDS Laser System to high-speed mark electronic components, including microchips, capacitors, and circuit boards, with high speed.

To meet the growing demand for unique device identification, deep engraving, and product quality verification, it is predicted that there will be a rise in demand. The machines used for marking, especially fiber laser machines are faster and last longer than traditional markers. They also resist heat and chemicals. This is why the demand for these machines will continue to rise in the electronics and defense sectors.

In addition, the growth of the laser marking machine market will be driven by stricter government regulations and guidelines. Personalized leather products have been in high demand, such as purses and leather jewelry with personalized initials and names. The demand for accessories and apparel is expected to drive growth in engraving technologies, such as laser markings systems, over the forecast period.

Regional Analysis

The Asia Pacific had a market share of 42% in 2021. They are expected to dominate this market for the forecast period. Due to the increasing adoption of laser marking machines by manufacturing factories in the region, India and China are the main contributors to the market’s growth. The adoption of improved manufacturing techniques in the Chinese machine tool industry and the growing aerospace and military industry in this region are the main drivers of market growth. The continued dominance of the market can be attributed to increasing foreign investments and the relocations of manufacturing facilities in India and China by numerous companies. Infrastructural development investments, such as the Belt and Road Initiative and Make in India, can be attracted to the country. This would then increase the manufacturing sector and create demand for laser marking equipment.

Europe held a significant revenue share in 2021, owing to the dominance in Europe of automobile and automotive component producers. The region’s market growth is expected to be fueled by significant growth in aerospace and shipping.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Competitive Landscape

In order to improve their product offerings, and increase their market share, the major players in this market are increasing their research and development investments. Market leaders are focused on providing better marking systems in order to satisfy the different needs of their customers and increase their market share. In order to increase their products and services to customers’ demands, companies also focus on strategic partnerships and acquisitions. TYKMA Electrox partnered with Cerakote to provide thin-film ceramic coatings that can be used in a variety of applications. The partnership was designed to offer advanced imaging for products coated with Cerakote by blending it with the former’s laser marking capabilities on various 3D objects.

The major companies in the laser marking machine market are Telesis Technologies Inc., LaserStar Technologies Corporation, Videojet Technologies, Inc., Sea Force Co. Ltd., Arihant Maxsell Technologies Private Limited, ROFIN-SINAR Laser, Gravotech Group, Mecco Partners LLC, TRUMPF Group, Trotec Laser GmbH, and other major players.

Маrkеt Кеу Рlауеrѕ:

• Telesis Technologies Inc.
• LaserStar Technologies Corporation
• Videojet Technologies Inc.
• Sea Force Co. Ltd.
• IPG Photonics Corporation
• Laser Machinery Limited
• RMI Laser
• Sintec Optronics Pte Ltd.
• Coherent, Universal Laser Systems Inc.
• Gravotech Marking
• Epilog Laser
• TYKMA Electrox Inc.
• Other Key Players