Laser Markings Market

Laser Markings Market Outlook (2023 to 2033)

Global laser markings sales revenue totaled about US$ 3.2 billion at the end of 2022. Over the assessment period, laser marking demand is likely to increase at 9.0% CAGR. The global laser markings market size is predicted to expand from US$ 3.5 billion in 2023 to US$ 8.3 billion by 2033.

A positive growth trajectory for the worldwide laser markings industry has been predicted by Future Market Insights (FMI) amid rising applications in diverse sectors. The global market is anticipated to generate an absolute $ opportunity of US$ 4.8 billion during the forecast period.

Demand is projected to remain high for fiber laser marking due to its advantages including high speed & precision, versatility, cost-efficiency, and flexibility. As per the latest report, fiber lasers segment is anticipated to expand at a CAGR of around 8.8% through 2033.

Laser Markings Market Drivers:

• Growing adoption of laser markers across diverse sectors is driving the market forward
• Increasing interest in smart manufacturing techniques is anticipated to uplift laser marking demand
• Shifting preference from traditional marking techniques to laser marking is likely to boost sales of laser marking machines
• Surging popularity of direct part marking (DPM) is expected to create lucrative opportunities for laser marker manufacturers
• Rising focus on product safety and counterfeit prevention is likely to improve the global laser markings market share
• Increasing demand for product traceability and identification to encourage adoption of laser markings
• Growing demand for customized and personalized products is predicted to create need for versatile and flexible marking solutions

In recent years, laser marking technology has revolutionized the way companies approach permanent markings on different materials, providing a precise, flexible, and efficient solution.

A quick and permanent process that utilizes a beam of concentrated light to create a lasting mark on different surfaces is called laser marking. It is becoming an ideal replacement for traditional marking techniques due to its several benefits.

Laser marking can be performed by using different types of lasers such as CO2 lasers and fiber lasers. Unlike other non-permanent marking processes such as printing or labeling, laser marking eliminates the need for consumables.

Laser marking is being widely used in diverse sectors for purposes such as product identification, traceability, information labeling, branding, and decorative engraving.

A few common applications of laser marking include engraving, annealing, and etching. For instance, laser markers are being widely used by companies to create deep and permanent marks that can withstand abrasion.

Manufacturers looking for high-quality marking are embracing laser marking technology due to its several advantages. These benefits include high contrast marks, fast speed, cost-effectiveness, high accuracy, high precision, durability, and ability to mark intricate designs or information without direct contact with the material.

Suring adoption of laser marking machines across sectors such as automotive, medical, aerospace, etc. is expected to stimulate growth in the laser markings industry.

Companies are increasingly employing laser marking equipment as they offer permanent, faster, and accurate marking and engraving solutions for both metals and nonmetal units. Laser marking provides high-quality, permanent markings that are resistant to abrasion and other environmental factors.

Escalating demand for product identification and traceability is expected to boost the global laser markings industry during the forecast period.

Laser marking offers a reliable and permanent method for marking products with special identifiers such as QR codes, barcodes, serial numbers, etc. It is being used to permanently identify

Laser marking is gradually becoming a standard marking technique across sectors such as electronics, automotive and pharmaceutical. This is because these sectors require precise traceability for quality control, regulatory compliance, and anti-counterfeiting measures.

Ongoing advancements in laser technology are paving way for development of advanced laser markers with improved efficiency, precision, and versatility. This is expected to further boost the target market during the assessment period.

Technological advancements are also expanding the range of materials that can be marked as well as improving the overall speed of laser marking processes.

Implementation of stringent environmental regulations is prompting end-use sectors to employ cleaner and more sustainable technologies. This is expected to uplift laser marking demand as it has a minimal environmental impact.

Similarly, end users are gradually adopting advanced laser marking technologies such as 3D laser marking. This is likely to contribute to market expansion during the forecast period.

Historical Performance of Laser Markings Market Compared to Demand Forecast

According to Future Market Insights (FMI), the global laser markings market exhibited a CAGR of about 11.1% CAGR historically from 2018 to 2022. Total market size expanded from US$ 2.1 billion in 2018 to US$ 3.2 billion at the end of 2022.

Moving forward, global laser markings demand is anticipated to rise at 9.0% CAGR through 2033. The worldwide laser markings industry is likely to generate an absolute $ opportunity of US$ 4.8 billion during the forecast period 2023 to 2033.

Rising usage of laser marking in a wide range of sectors is driving the global market forward and this trend is expected to continue through 2033.

Rising need for unique device identification and deep engraving during manufacturing processes for purposes of inventory control, traceability, and product quality validation is set to uplift laser marking demand.

In recent years, adoption of laser marking technology has grown exponentially across sectors such as medical devices, consumer goods, automotive, electronics, and aerospace. This is because these sectors require high-quality and permanent marking solutions for parts, components, and products.

Rapid shift from traditional marking methods such as mechanical engraving and inkjet printing to laser marking due to its several benefits is set to boost the target market.

Laser marking is becoming highly popular for marking different surfaces due to its high-speed, contactless nature, minimal material removal, and reduced consumable costs. These attractive benefits of laser marking technologies are likely to fuel its demand globally.

Another key factor expected to fuel expansion of the global laser markings industry is the implementation of stringent regulations in end-use sectors.

Sectors such as aerospace and medical devices are subject to strict regulatory standards that mandate accurate part identification and traceability. This is prompting them to use laser marking as this technology meets all these requirements.

Growing adoption of laser marking machines in automation process for mass manufacturing is likely to create new growth prospects for the target market through 2033.

Laser marking offers high precision, speed, and consistency which makes it ideal for automated production lines. Rising trends such as high adoption of additive manufacturing will therefore create lucrative opportunities for laser marking equipment manufacturers.

Country-wise Insights

Adoption of High-performance Laser Markers Boosting Sales in the United States

According to Future Market Insights (FMI), the United States laser markings market size is expected to reach US$ 1.5 billion by the end of 2033. It is projected to create an absolute $ growth of about US$ 0.877 billion during the forecast period.

Historically, the United States industry grew at 11.0% CAGR. Over the assessment period, sales revenue in the United States market is anticipated to rise at 8.9% CAGR.

Rapid growth of medical and aerospace sectors and increasing adoption of high-performance laser marking systems are key factors boosting the United States market.

Sectors such as medical and aerospace often need high-quality, efficient, and reliable marking solutions. This is prompting them to employ laser marking systems that offer higher accuracy and higher readability.

Rising popularity of laser marking due to its non-contact nature is another key factor boosting the United States laser markings industry.

Using traditional marking methods can sometimes damage delicate or sensitive materials. As a result, end users across the United States are rapidly shifting towards non-contact processes such as laser marking. This is expected to positively influence laser marking sales revenues.

Rise of Automation and Industry 4.0 Fueling Demand in China

As per Future Market Insights (FMI), China is expected to remain at the top of the ladder in the global laser markings industry during the assessment period. This is attributable to increasing adoption of automation and industry 4.0.

Laser marking demand in China is anticipated to increase at 8.8% CAGR during the forecast period. By 2033, total market valuation in China is projected to reach US$ 1.8 billion. It is likely to create an absolute $ opportunity of US$ 1.0 billion during the assessment period.

High penetration of automation and industry 4.0 across China is driving adoption of laser marking systems in manufacturing processes. Companies are incorporating these advanced marking systems into production lines to allow for high-speed, consistent, and automated marking of products

Development of more-efficient laser marking systems with improved beam quality is another key factor positively impacting China market, and the trend is expected to continue through 2033.

Sudip Saha

Principal Consultant

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Category-wise Insights

High Precision and Speed Make Fiber Laser a Highly Sought-after Type

Based on type, the global laser markings industry is segmented into fiber laser, CO2, green, and others. Among these, Future Market Insights (FMI) predicts the fiber laser to remain the highly sought-after type.

Growth of the target segment is attributable to rising adoption of fiber laser marking machines across several sectors and growing awareness about the advantages of fiber laser marking.

Historically, fiber laser segment exhibited a CAGR of about 11.0%. For the projection period, fiber laser demand is projected to rise at 8.8% CAGR, making it a top lucrative revenue generation category for laser marking machine manufacturers.

Fiber laser marking is the process of creating high-contrast impressions or patterns on different materials by using a fiber laser beam of light. This type of laser marking offers several advantages, making it highly sought-after.

Few of the advantages offered by fiber lasers include high speed & precision, versatility & flexibility, and cost-efficiency.

Thanks to multiple benefits, fiber laser marking is widely employed in sectors such as manufacturing, automotive, and medical device for creating permanent markets that provide valuable information.

Fiber lasers are becoming suitable options for intricate designs, small fonts, and complex patterns. This is because they can produce very fine and detailed markings with high accuracy.

Growing usage of fiber laser technology or simply fiber laser markers for marking applications across multiple sectors is expected to boost growth of the target segment during the forecast period.

To grab emerging opportunities and boost revenues, key companies are looking to upgrade their portfolios by introducing compact and fully automatic fiber laser marking machines.

Machine Tools to Remain a Key Application Area of Laser Markings through 2033

According to Future Market Insights’ (FMI) latest report, machine tool segment is expected to remain a remunerative application of laser marking throughout the forecast period. This is due to several advantages and capabilities of laser marking technology.

The machine tool segment is projected to thrive at 8.7% CAGR through 2033 in comparison to 10.9% CAGR recorded during the historical period.

Machine tool applications often require precise and high-quality markings on several materials, and laser marking fulfills these requirements. As a result, laser marking is frequently employed in machine tool applications.

Laser marking offers better efficiency and accuracy while also enhancing product quality, traceability, and efficiency. It can be used on a variety of materials which makes it an ideal choice for machine tool applications.

Laser markings are highly durable and resistant to multiple environmental factors including chemicals, abrasion, and chemicals. Hence, they are being widely used in machine tool applications.

Companies are deploying laser marking machines for printing details such as barcodes, QR codes, serial numbers, etc. on machine tool parts and components. This aids in tracking the manufacturing process, quality control, and maintenance of these parts.

Growing demand for machine tools from customers and incorporation of laser marking systems into automated production lines are expected to further boost growth of the target segment.

Competitive Landscape

Leading laser marking companies listed in the report include 600 Group, Acsys Lasertechnik, Arihant Maxsell Technologies, Coherent, Danaher, Epilog Laser, Gravotech, Han's Laser, IPG Photonics, and Jenoptik among others.

These top players are constantly focusing on developing advanced laser marking machines with improved features. They are also introducing new laser marking services to boost their revenues.

Mergers, agreements, partnerships, acquisitions, facility expansions, and alliances are other strategies adopted by laser marking system manufacturers for expanding their presence.

Recent developments:

• In January 2023, Thorlabs Inc. announced the acquisition of JML Optical Industries, LLC, a leading custom designer and manufacturer of precision optics.
• In June 2023, SLTL unveiled its ground-breaking IoT-enabled CNC Metal Laser Cutting and Marking Machine at ACMEE expo. The novel solution will lead to a new era of smart manufacturing.
• In March 2023, R E Thompson launched new laser marking service to meet growing end user demand. The company will offer high-quality marking on a wide range of materials including plastics and metals.
• In January 2023, three deep UV lasers were launched by IPG Photonics Corporation for several applications including FBG writing and marking.
• In June 2023, Coherent Corp. launched next-generation ultralow-cost matrix UV lasers for marking applications in industrial electronics, consumer goods, and packaging.
• In April 2019, new Videojet 7230 and 7330 fiber laser marking system models were introduced by Videojet Technologies. These new laser marking models are designed to meet manufacturer’s demand for a light, compact, and adaptable fiber laser solution.

Scope of the Report

Global Laser Markings Market Segmentation

By Type:

• Fiber Laser
• CO2
• Green
• Others

By Application:

• Machine Tool
• Electronics & Microelectronics
• Automotive
• Medical
• Aerospace
• Other

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa