Laser Processing Global Market is Projected to Reach $241 Billion by 2030: Additive Manufacturing Growth Spurs Growth

Dublin, July 03, 2023 (GLOBE NEWSWIRE) -- The "Laser Processing: Global Strategic Business Report" report has been added to's offering.

The global market for Laser Processing estimated at US$13.9 Billion in the year 2022, is projected to reach a revised size of US$24.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Solid, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$15.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.6% CAGR

The Laser Processing market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Select Competitors (Total 96 Featured) -

  • Amada Co, Ltd.
  • Coherent, Inc.
  • Epilog Laser
  • Han's Laser Technology Industry Group Co., Ltd.
  • IPG Photonics Corporation
  • Jenoptik AG
  • LaserStar Technologies Corporation
  • Lumentum Operations LLC
  • Spectra Physics, Inc.
  • Trumpf Group
  • Wuhan HGLaser Engineering Co., Ltd.
  • Wuhan Raycus Fiber Laser Technologies Co., Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages445
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$13.9 Billion
Forecasted Market Value (USD) by 2030$24.1 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Laser Processing Systems: An Introduction
  • Laser Systems in Material Processing: Key Application Markets
  • Laser Processing: Market Prospects and Outlook
  • Solid Lasers Dominate the Market
  • Machine Tools Holds the Largest Application Share
  • Asia-Pacific to Report Fastest Growth
  • China: Major Market for Laser Processing
  • Changing Manufacturing Industry Trends Influence Dynamics of Laser Processing Market
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
  • Laser Processing - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Growing Importance of Precision Manufacturing & Engineering, the Foundation for the Growth of Laser Processing Technologies
  • Global Precision Parts Market in US$ Billion for the Years 2017, 2019, 2022 & 2024
  • Technology Innovations to Expand Application Possibilities
  • Medical Sector Offers Strong Growth Opportunities Driven by Surging Demand for Miniaturization
  • Photovoltaic Modules Opens New Opportunities
  • Top 10 Countries Worldwide by Cumulative PV Installed Capacity in GW: 2018
  • Global Installed PV Capacity (in MW): 2009-2018
  • Additive Manufacturing Growth Spurs Growth Opportunities for Laser Processing Market
  • Rising Adoption of Laser-Based Manufacturing in Auto Industry: An Opportunity for Laser Processing Market
  • Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • The Trend towards Electromobility Amplifies Demand for Laser processing
  • Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
  • Demand in Automotive Sector Led by Advancements in Fiber Laser
  • Product Traceability Drives Demand for Laser Marking in Automobile Industry
  • Laser Processing Gains Traction in Electronics and MEMS Devices Manufacturing
  • World Consumer Electronics Value Distribution (in %) By Segment: 2019
  • World MEMS Market Revenues in US$ Billion for Years 2015, 2017, 2019, and 2021
  • Breakdown of World MEMS Market Revenues (in %) by Segment: 2019
  • Healthy Trajectory in Smartphones & Tablet PC Markets Drives Demand for Lasers in Microprocessing Applications
  • World Market for Smartphones (2016, 2018 & 2022): Breakdown of Sales in Million Units by Geographic Region/Country
  • Worldwide Shipments of Tablet PCs (in Million Units) for the Years 2019, 2021 and 2023
  • Wearables: The New Growth Area for Laser Processing in MEMS Applications
  • Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
  • Laser Integration in Traditional Machine Tools Increase Tool Versatility
  • Semiconductors Industry Emerges as a Major End-Use Market for Laser Processing
  • Global Semiconductor Manufacturing Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • UV Lasers Enable Superior Printed Circuit Board Processing
  • Textile Industry Provides Lucrative Opportunities for Laser Systems
  • Government Regulations for Labelling of Consumer Goods to Drive Adoption
  • Green Laser Devices: An Emerging Growth Market
  • Fiber Lasers: One of the Most Disruptive Laser Technologies
  • Laser Cutting Market: Poised for Growth
  • Ultrashort Pulse Lasers Poised for High Adoption in Material Processing Applications
  • Laser Beam Shaping: Essential for Microdrilling using Ultrashort Pulse Lasers
  • Ultrafast Laser Micromachining: A Vital Tool in Modern Microfabrication
  • Technological Advancements in Laser Processing to Boost Growth
  • Hybrid Technology: A Major Advancement




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Global Market for Laser Processing