DUBLIN--( BUSINESS WIRE )--"Laser by Laser Type (Fiber Laser, Diode Laser, Solid State Laser, CO2 Laser, UV Laser), Industrial (Machine Tool, Semiconductor & Electronics, Automotive) Marking Market, Applications, Methods, Materials and Regions - Global Forecast to 2027"
The global laser engraving market is growing, and will be in a stage of rapid growth for a long time, and there will continue to be new laser engraving machine manufacturers upgrading and optimizing laser engraving machine systems. Ortur is also constantly updating their products. The latest The Ortur Laser Master 3 has been able to fully meet any household scene, of course, the health care and electronics industries have played a very positive role in the upgrade of the laser engraving machine.
"Laser Marking Market By Laser Type (Fiber Laser, Diode Laser, Solid State Laser, CO2 Laser, UV Laser), Industry (Machine Tool, Semiconductor & Electronics, Automotive), Product, Application, Method, Material and Region - Global Forecast by 2027”
In order to better bring convenient and optimized laser engraving machines to home users, HTPOW has now cooperated with many companies to save the high prices brought by middlemen and give users the best prices and the best machines. Cooperative companies include Ortur, xTool, LaserPecker, Sculpfun, Atomstack, etc.
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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 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
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 laser marking market in North America is expected to 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.
