The study used four major activities to estimate the market size of laser processing. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the size of the laser processing market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. Various secondary sources have been referred to in the secondary research process to identify and collect information for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, journals, certified publications, and articles by recognized authors; websites; directories; and databases. Secondary research has mainly been used to obtain key information about the value chain of the laser processing market, key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. The secondary research referred to for this research study involves various journals like Springer Nature Limited, Laser Focus World, Spectrum Plastics Group, Journal of Laser Applications, and various other sources. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect valuable information for a technical, market-oriented, and commercial study of the laser processing market.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject-matter experts (SMEs), and C-level executives and consultants from various key companies and organizations in the laser processing ecosystem. After the complete market engineering (including calculations for the market statistics, the market breakdown, the market size estimations, the market forecasting, and the data triangulation), extensive primary research has been conducted to verify and validate the critical market numbers obtained. Several primary interviews have been conducted with market experts from the demand and supply-side players across key regions: North America, Europe, Asia Pacific, and the Rest of the World (Middle East, Africa, and South America).
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. This and the in-house subject matter experts’ opinions have led us to the findings described in the remainder of this report.
Note: The three tiers of the companies are defined based on their total revenue in 2024: Tier 1 - revenue greater than or equal to USD 1 billion; Tier 2 - revenue between USD 100 million and USD 1 billion; and Tier 3 revenue less than or equal to USD 100 million. Other designations include sales managers, marketing managers, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were utilized to estimate and validate the size of the laser processing market and its submarkets. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The entire process involved studying top players' annual and financial reports and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, which were verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.
Laser Processing Market : Top-Down and Bottom-Up Approach
Data Triangulation
Once the overall size of the laser processing market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. To triangulate the data, various factors and trends from the demand and supply sides were studied. The market was validated using both the top-down and bottom-up approaches.
Market Definition
The laser processing market includes a wide range of systems used for precision cutting, welding, drilling, marking, and surface treatment. These systems are classified by laser type, such as solid lasers (fiber, ruby, YAG, semiconductor, thin-disk), gas lasers (CO2, excimer, helium-neon, argon, chemical), liquid lasers, and other laser types. Laser processing enables high-speed, contactless operations with superior accuracy and minimal material distortion, making it essential for applications requiring fine detail and high quality. It plays a critical role in industries like microelectronics and semiconductors, automotive, medical and life sciences, aerospace, and architecture & construction.
Key Stakeholders
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Microelectronics manufacturers
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Aerospace companies
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Medical & life sciences companies
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Automotive companies
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Architecture firms
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Machine tool manufacturers
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Lasers and systems manufacturers
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Laser processing solution providers
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Engineering and manufacturing companies
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Technology providers
Report Objectives
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To estimate and forecast the size of the laser processing market, in terms of value, based on laser type, configuration, application, end user, and region
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To provide qualitative information about the component of laser processing
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To describe and forecast the market size, in terms of value, for four major regions - North America, Europe, Asia Pacific, and Rest of World (RoW)
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To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing market growth
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To provide a detailed overview of the laser processing value chain
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To strategically analyze micromarkets regarding individual market trends, growth prospects, and contributions to the total market
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To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with a detailed competitive landscape for the market leaders
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To analyze major growth strategies such as product launches/developments and acquisitions adopted by the key market players to enhance their market position
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To analyze the impact of the macroeconomic factors on the laser processing market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players (up to 5)
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Additional country-level analysis of the laser processing market
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company in the laser processing market.
LARGEST MARKET SHARE IN 2025-2030
INDIA FASTER-GROWING MARKET IN REGION
Kevin
Apr, 2015
How dot peen marking affect adoption of laser for marketing and engraving application?.
Sébastien
Jan, 2019
Dear Sir/Madam, I am working on a project involving femtosecond pulsed lasers for my master's thesis. The project focuses on laser microprocessing of silicon. Thus I would be really interested by having any information on the laser microprocessing market of silicon or the market of silicon in general. Unfortunately we don't have enough funding now to purchase your book without being sure we can find what we are looking for. This is why I am requesting a free sample report. .
Georg
Mar, 2014
Dear Market research Team, Before buying I would like to have a summary of the study..
Chiara
Jun, 2013
Hi, I am interested in evaluate the US laser processing market and their applications that best fit the using of small-medium Fiber laser machines, which have an high precision and can work for small/medium metal pieces. .
Mark
Sep, 2014
Currently selling Nitrogen Gas generators throughout Eastern Europe and CIS and would be interested in what this report has to say, in relation to Laser Cutting..
Naoki
Jan, 2015
Interested in each of the applications by the market size of Laser Diode, DPSSL, and Fiber Laser. We especially would like to make sure the application..
Jinan
Aug, 2015
Will increase in adoption of fiber laser will affect demand of CO2 laser?.
Joanna
Dec, 2018
I am a polish student and involved in some project about ultrafast lasers. I have found that they are commonly used in micromachining so I am also really interested in this market. Can you share the summary for this market study?.
chirag
Dec, 2014
I am specially interested in fiber laser latest developments. And market opportunity for high power cutting machine in South Asia and Middle East regions. .
Juan
Apr, 2019
Trying to understand the market for ultra-short pulse lasers for the processing of ultra-hard materials ..
Jack
Jul, 2015
Hard to tell what your definition of "Laser Processing Market" is - seems like this includes more than just annual system sales. Can you please define it a bit further - what the study covers in this $17.4 billion market by 2020?.
Mahesh
Dec, 2015
I need to know which companies you have considered for the study, are these companies produces laser machines or the user of the machines?.
John
Oct, 2014
Interested in laser marking and engraving applications as it relates to tooling and tube identification specifically in aerospace and automotive industry segments. .
Jensen
Oct, 2014
Can you provide the qualitative and quantitative data for laser marking and engraving applications particularly for growth in the fiber and decline in CO2 and other solid state lasers?.
Aaron
Jul, 2017
I'm one of the co-founders in a startup focused on distributed manufacturing. I've been struggling to find a decent total addressable market number, and I'm pretty sure you guys have some of the data I need in your report. We don't have the funds to buy the full report. I'm wondering if you would be willing to sell part of the data so I can build a market case for investors. We are focused specifically on the laser fabrication market for metals and non-metals. For the time being out customers are mainly prototyping parts. I appreciate any help or advice you can offer. .