How big is the Industrial Lasers Market?

The Industrial Lasers Market size is expected to reach USD 6.06 billion in 2024 and grow at a CAGR of 5.10% to reach USD 7.76 billion by 2029. Read More

What is the current Industrial Lasers Market size?

In 2024, the Industrial Lasers Market size is expected to reach USD 6.06 billion. Read More

Which is the fastest growing region in Industrial Lasers Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Lasers Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial Lasers Market. Read More

What years does this Industrial Lasers Market cover, and what was the market size in 2023?

In 2023, the Industrial Lasers Market size was estimated at USD 5.75 billion. The report covers the Industrial Lasers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Lasers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Lasers Market - Trends, Share & Size

Industrial Lasers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Industrial Laser Market is Segmented by Application (Micro Machining, Macro Machining, Laser Marking), End-user (Aerospace and Defense, Automotive, Healthcare, Consumer Electronics) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million).

Industrial Lasers Industry Overview

The industrial lasers market is semi-consolidated as the significant vendors in the market are also expanding regionally and increasingly involved with ecosystem players, thus exploring new applications of ultrafast lasers. Some of the players include ACSYS Lasertechnik Inc., Han’s Laser Technology Industry Group Co. Ltd, Clark-MXR Inc., Newport Corporation (MKS Instruments Inc.), and Lumibird SA.

January 2024 - ACSYS Lasertechnik GmbH (Kornwestheim) presented various technological innovations at this year’s “World Money Fair” from February 1-4, 2024. At Stand D4, Hall 2, the supplier of high-precision standards and special machines in the field of laser technology, presented innovative solutions for flexible, resource-saving de-coating, engraving, and polishing in the Mint industry, among other things.
November 2023 - IPG Photonics Corporation and Miller Electric Mfg. LLC, a manufacturer of arc welding products, announced a strategic partnership with a goal to promote laser solutions for handheld welding applications further. Both companies bring unique expertise to develop specific solutions to address customer challenges, and together, they will further advance and bring to market products that are easy to learn and operate while offering unmatched benefits.