Global laser markings sales revenue totaled about USD 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 USD 3.5 billion in 2023 to USD 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 USD 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:
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.
| Attribute | Key Insights |
|---|---|
| Estimated Global Laser Markings Market Value (2023) | USD 3.5 billion |
| Projected Market Size (2033) | USD 8.3 billion |
| Value-based CAGR (2023 to 2033) | 9.0% |
| United States Market CAGR (2023 to 2033) | 8.9% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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 USD 2.1 billion in 2018 to USD 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 USD 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.
| Countries | Projected CAGR (2023 to 2033) |
|---|---|
| United States | 8.9% |
| United Kingdom | 8.7% |
| China | 8.8% |
| Japan | 8.9% |
| South Korea | 8.6% |
| Countries | Market Value (2033) |
|---|---|
| United States | USD 1.5 billion |
| United Kingdom | ~USD 0.325 billion |
| China | USD 1.8 billion |
| Japan | USD 1.6 billion |
| South Korea | ~USD 0.439 billion |
| Countries | Historical CAGR (2018 to 2022) |
|---|---|
| United States | 11.0% |
| United Kingdom | 10.7% |
| China | 10.8% |
| Japan | 10.7% |
| South Korea | 10.3% |
According to Future Market Insights (FMI), the United States laser markings market size is expected to reach USD 1.5 billion by the end of 2033. It is projected to create an absolute $ growth of about USD 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.
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 USD 1.8 billion. It is likely to create an absolute $ opportunity of USD 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.
Principal Consultant
| Attribute | Details |
|---|---|
| Top Segment (Type) | Fiber Laser |
| Historical CAGR (2018 to 2022) | 11.0% |
| Projected CAGR (2023 to 2033) | 8.8% |
| Attribute | Details |
|---|---|
| Top Segment (Application) | Machine Tool |
| Historical CAGR (2018 to 2022) | 10.9% |
| Projected CAGR (2023 to 2033) | 8.7% |
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.
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.
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
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 3.5 billion |
| Projected Market Value (2033) | USD 8.3 billion |
| Anticipated Growth Rate (2023 to 2033) | 9.0% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profile | 600 Group; Acsys Lasertechnik; Arihant Maxsell Technologies; Coherent; Danaher; Epilog Laser; Gravotech; Han's Laser; IPG Photonics; Jenoptik |
In 2022, the global laser markings market value reached USD 3.2 billion.
The global laser markings market size is estimated to reach USD 3.5 billion in 2023.
The global industry is expected to reach a valuation of USD 8.3 billion by 2033.
The global market exhibited a CAGR of 11.1% from 2018 to 2022.
Global laser marking demand is likely to rise at 9.0% CAGR through 2033.
Machine tool segment is set to generate lucrative revenues through 2033.
With a projected valuation of USD 1.8 billion in 2033, China is set to dominate the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Fiber Laser 5.2. CO2 5.3. Green 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Machine Tool 6.2. Electronics & Microelectronics 6.3. Automotive 6.4. Medical 6.5. Aerospace 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. 600 Group 17.2. Acsys Lasertechnik 17.3. Arihant Maxsell Technologies 17.4. Coherent 17.5. Danaher 17.6. Epilog Laser 17.7. Gravotech 17.8. Han's Laser 17.9. IPG Photonics 17.10. Jenoptik 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Laser Markings Market
