China, October 20, 2022 -- "Laser Marking Market" By Laser Type (Fiber Laser, Diode Laser, Solid State Laser, CO2 Laser, UV Laser), Industry (Machine Tool, Semiconductor & Electronics, Automotive), Product, Brands, applications, methods, materials and regions, home laser engraving machines are also growing, and the most representative companies are Ortur, xTool, LaserPecker and other brands.
The laser marking market is expected to grow from USD 2.9 billion in 2022 to USD 4.1 billion in 2027; from 2022 to 2027, it is expected to grow at a CAGR of 7.2%. The sales amount of Ortur Laser Master 3 has reached 3-5 times this year. The LaserPecker 2 is the most popular handheld laser engraver on the market today. The growth of the laser marking market can be attributed to the performance of laser marking machines over traditional material marking techniques.
The laser marking market by laser engraving method is expected to hold the largest share from 2022 to 2027
The technological use cases of laser engraving in the industrial sector are rapidly increasing. One of the larger segments is identity security, where laser engraving is ideal for credit cards, ID cards, sensitive documents and other items that require enhanced security measures. Laser engraving is also being used in several new applications such as woodworking, metalworking, digital and retail signage, model making, clothing stores, fabric stores, gadgets and sports equipment.
The QR code laser marking market is expected to hold the largest share during the forecast period.
QR codes are used in different industries such as construction, packaging, medical, automotive and semiconductors. With the help of professional laser marking software, laser marking systems can directly mark QR codes on products made of almost any material. With the explosion 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 address such as a Facebook page, YouTube channel or company website. With recent advancements, 3D codes have emerged that require 3-axis laser marking machines to mark uneven surfaces or hollow or cylindrical surfaces.
The laser marking market in North America will grow at the second highest CAGR during the forecast period.
The United States, Canada, and Mexico are the major contributors to the growth of the North American laser marking market. North America is one of the most technologically advanced regions and is a huge market for laser marking equipment due to the presence of well-known system suppliers, large semiconductor companies and car manufacturers. North America is a key region for the development of laser marking in the machine tool, aerospace and defense, automotive, and semiconductor and electronics industries.
Driver
- Compared with traditional material marking technology, the performance of laser marking machine is higher
- Increasing adoption of laser marking machines in various industries
- Increasing adoption of smart manufacturing technologies
- Turning to the production of nanodevices and microdevices
Constraint
High deployment cost
Chance
Increasing adoption of advanced laser marking technology
The Growing Trend of Personalized Gifts
Challenge
Environmental Issues Associated with the Use of Rare Earth Elements
Technical complexities associated with high power lasers
More and more problems of laser engraving are also emerging. Of course, there are more and more opportunities for laser engraving machines. Everyone can create their own wealth in the field of laser engraving. If you are not very clear about laser engraving, then please contact us HTPOW, we will give you the most professional advice.
