DUBLIN — (BUSINESS WIRE) — “Laser by laser type (fiber laser, diode laser, solid state laser, CO2 laser, UV laser), industrial (machine tool industry, semiconductor and electronics, automotive industry) Marking Markets, offers, areas applications, Methods, Materials and Regions – Global Forecast 2027 Report added to ResearchAndMarkets.com offerings.
The laser marking market is expected to grow from USD 2.9 billion in 2022 to USD 4.1 billion in 2027, and from 2022 to 2027, it will grow at a CAGR of 7.2%. The growth of the laser marking market can be attributed to the performance of laser marking machines compared to traditional material marking methods.
The laser engraving laser marking market is expected to hold the largest share from 2022 to 2027.
The technological use cases for laser engraving in the industrial sector are growing rapidly. One of the larger segments is privacy protection, where laser engraving is ideal for credit cards, ID cards, confidential documents and other items that require enhanced security measures. Laser engraving is also being used in several emerging applications such as woodworking, metalworking, digital and retail signage, model making, clothing stores, fabric stores, gadget stores, and sports equipment stores.
The QR code laser marking market is expected to hold the largest share during the forecast period.
The QR code laser marking market is expected to hold the largest share during the forecast period. QR codes are used in various industries such as construction, packaging, medicine, automotive and semiconductor manufacturing. With the help of professional laser marking software, laser marking systems can directly print QR codes on products made from almost any material. With the advent of smartphones, QR codes have become more common and more and more people can scan QR codes. QR codes are becoming the standard for product identification. A QR code can link to a URL such as a Facebook page, YouTube channel, or company website. Recent advances have brought 3D codes that require a 3-axis laser marking machine to mark uneven surfaces, hollow or cylindrical surfaces.
The North American laser marking market will grow with the second highest CAGR over the forecast period.
The North American laser marking market is expected to grow at the second highest CAGR during the forecast period. The United States, Canada and Mexico are the main contributors to the growth of the North American laser marking market. North America is one of the most technologically advanced regions and represents a huge market for laser marking equipment due to well-known system suppliers, large semiconductor companies and automobile manufacturers. North America is a pivotal region for the growth of laser marking in machine tools, aerospace & defense, automotive, and semiconductor & electronics industries. North America is a pivotal region for the growth of laser marking in machine tools, aerospace & defense, automotive, and semiconductor & electronics industries. North America is a key region for the growth of laser marking in the machine tool, aerospace and defense, automotive, semiconductor and electronics industries. North America is a key region for the development of laser marking in the machine tool, aerospace and defense, automotive, semiconductor and electronics industries.
Post time: Nov-01-2022