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 for laser engraving machines 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 automakers. 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.
Market Dynamics
Driver
Compared with traditional material marking technology, laser marking machine has higher performance, more and more laser marking machines are used in various industries, and more and more intelligent manufacturing technology is used to improve the performance and performance of laser marking. market, and the direction of laser engraving is shifting towards the production of nano-devices and micro-devices.
High Deployment Cost
Opportunities, increasing adoption of advanced laser marking technology, growing trend in personalized gifts
The challenge is that people now consider personalization and uniqueness when giving gifts. It is said that a person's carefully crafted gifts are the most important.
Current Problems
Of course, environmental protection is also mentioned. When our technology is developing, it cannot destroy the environment, and we must live in harmony with nature. The environmental problems related to the use of rare earth elements, and the technical complexity related to high-power lasers, these are the problems we are currently encountering. to the problem.
Especially in the home engraving machine market, many companies have been developing rapidly in recent years, such as LaserPecker, which is a portable handheld laser engraving machine. Their company was established less than 10 years ago, and now it has achieved the leading position in the laser engraving machine industry. In the market, their LaserPecker 2 and LaserPecker 3 have been well received by most DIY users.
Key Topics Covered in the Laser Engraving Machine Industry Analysis:
- 1 Introduction
- 2 Research methodology
- 3 Executive Summary
- 4 Advanced Insights
- 5 Market Overview
- 6 Laser Marking Market, By Product
- 7 Laser Marking Market, By Laser Type
- 8 Laser Marking Market, By Product Type
- 9 Laser Marking Market, By Machine Type
- 10 Laser Marking Market, By Method
- 11 Laser Marking Market, By Material
- 12 Laser Marking Market, By Application
- 13 Laser Marking Market, By Industry
- 14 Laser Marking Market, By Region
- 15 Competitive Landscape
- 16 Company Profile
- 17 Appendix
Mentioned companies that are growing very fast and are rich in industry prospects
Of course, there are other companies that have not been mentioned for the time being, and they are also very good. The future laser engraving machine market will definitely be mastered by these companies, and the industry market prospects are also very potential.
