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Laser Marking Market by Laser Type (Fiber Laser, Diode Laser, Solid-state Laser, CO2 Laser, UV Laser), Industry (Machine Tools, Semiconductor & Electronics, Automotive), Offering, Application, Method, Material and Region - Global Forecast to 2027

Market Report I 2022-09-14 I 254 Pages I MarketsandMarkets

The laser marking market is estimated to grow from USD 2.9 billion in 2022 to reach
USD 4.1 billion by 2027; it is expected to grow at a CAGR of 7.2% from 2022 to 2027. The growth of the laser marking market can be attributed to higher performance of laser markers over traditional material marking techniques.
"The laser marking market for laser engraving method is expected to hold largest share from 2022 to 2027"
Laser engraving is seeing a rapid rise in use cases for the technology in the industrial segment. One of the bigger segments is identification security, where laser engraving is ideal for credit cards, ID cards, sensitive documents, and other items requiring increased safety measures. Laser engraving is also being used for multiple new applications such as woodworking, metalworking, digital and retail signage, model-making, apparel shops, fabric shops, gadgets, and sports equipment.
"Laser marking market for QR codes is expected to hold the largest share during the forecast period."
Laser marking market for QR codes is expected to hold the largest share during the forecast period. QR codes are used across different industries, such as construction, packaging, medical, automotive, and semiconductor. With specialized laser marking software, laser marking systems can directly mark QR Codes onto products made of almost any material. With the explosion of Smartphones, QR codes are becoming more commonplace and are scannable by a growing portion of the population. QR codes are becoming a standard for product identification. The QR code can link to a URL address such as a Facebook page, YouTube channel, or company website. With recent advancements, 3D codes have come into the picture, requiring 3-axis laser marking machines for marking uneven surfaces or hollow or cylindrical surfaces.
"The laser marking market in North America to grow at the second highest CAGR during forecast period."
The laser marking market in North America is expected to grow at the second highest CAGR during forecast period. The US, Canada, and Mexico are the major contributors to the growth of the laser marking market in North America. North America is one of the most technologically advanced regions and is a massive market for laser marking devices because of the presence of prominent system suppliers, large semiconductor companies, and automobile manufacturers. North America is a pivotal region for the growth of laser marking in machine tools, aerospace & defense, automotive, and semiconductor & electronics industries.
Breakdown of the profile of primary participants:
- By Company Type: Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
- By Designation: C-level Executives - 30%, Directors - 45%, Others - 25%
- By Region: North America - 20%, Europe - 30%, Asia Pacific - 45%, and RoW - 5%
Coherent, Inc. (US), TRUMPF (Germany), Han's Laser Technology Co., Ltd. (China), Gravotech Marking (France), IPG Photonics Corp. (US), 600 Group (UK), Danaher Corp. (US), Novanta Inc. (US), KEYENCE Corp. (Japan), Huagong Tech Co., Ltd. (China), Trotec Laser (Austria), Epilog Laser (US), and MECCO (US) are among a few of the players in the laser marking market.
Research Coverage
Based on offering, the laser marking market has been segmented into hardware, software, and services. Based on material, the laser marking market has been segmented into plastic; metal; glass, paper, and ceramics; and others. Based on laser type, the laser marking market has been segmented into fiber laser, diode laser, solid-state laser, CO2 laser, UV Laser and others. Based on method, the laser marking market has been segmented into annealing, ablation, engraving, and others. Based on product type, the laser marking market has been segmented into portable and fixed laser marking. Based on machine type, the laser marking market has been segmented into 2D laser marking and 3D laser marking.
Based on application, the laser marking market has been segmented into bar codes, logos, date codes, part numbers, QR codes, and others. Based on industry, the laser marking market is segmented into machine tools, automotive, semiconductor & electronics, aerospace & defense, healthcare, packaging, and others. Based on region, the laser marking market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).

Reasons to Buy Report
The report would help market leaders/new entrants in the following ways:
1. This report segments the laser marking market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across offerings, materials, methods, laser types, product types, machine types, applications, industries, and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape provides market share analysis and company evaluation quadrant for the key players operating in the laser marking market.

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 INCLUSIONS AND EXCLUSIONS 32
1.4 STUDY SCOPE 33
1.4.1 MARKETS COVERED 33
FIGURE 1 LASER MARKING MARKET: SEGMENTATION 33
1.4.2 REGIONAL SCOPE 34
1.5 YEARS CONSIDERED 34
1.6 CURRENCY CONSIDERED 35
1.7 UNITS CONSIDERED 35
1.8 LIMITATIONS 35
1.9 STAKEHOLDERS 35
1.10 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 LASER MARKING MARKET SIZE ESTIMATION AND PROCESS FLOW 37
FIGURE 3 LASER MARKING MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 38
2.1.1.1 Major secondary sources 39
2.1.1.2 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
2.1.2.1 Primary interviews with experts 40
2.1.2.2 Key data from primary sources 40
2.1.2.3 Key industry insights 42
2.1.2.4 Breakdown of primaries 42
2.1.3 SECONDARY AND PRIMARY RESEARCH 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALE OF LASER MARKING SOLUTIONS IN 2021 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ESTIMATION OF LASER MARKING MARKET SIZE, BY INDUSTRY 45
2.2.1 BOTTOM-UP APPROACH 45
2.2.1.1 Approach for deriving market size by bottom-up analysis (demand side) 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 46
2.2.2 TOP-DOWN APPROACH 46
2.2.2.1 Approach for capturing market size by top-down analysis (supply side) 46
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47
2.2.3 MARKET SHARE ESTIMATION 47
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 47
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 48
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 48
2.4.1 GROWTH RATE ASSUMPTIONS/FORECASTS 49
2.5 LIMITATIONS 49
2.6 RISK ASSESSMENT 50
3 EXECUTIVE SUMMARY 51
FIGURE 9 HARDWARE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 52
FIGURE 10 FIBER LASER SEGMENT TO HOLD LARGEST SHARE OF LASER MARKING MARKET DURING FORECAST PERIOD 52
FIGURE 11 PACKAGING INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
FIGURE 12 ASIA PACIFIC LASER MARKING MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN LASER MARKING MARKET 55
FIGURE 13 HIGH DEMAND FOR LASER MARKERS IN HEALTHCARE AND SEMICONDUCTOR & ELECTRONICS INDUSTRIES 55
4.2 LASER MARKING MARKET, BY OFFERING 55
FIGURE 14 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF LASER MARKING MARKET DURING FORECAST PERIOD 55
4.3 LASER MARKING MARKET, BY METHOD 56
FIGURE 15 ENGRAVING SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2027 56
4.4 LASER MARKING MARKET, BY APPLICATION 56
FIGURE 16 QR CODES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027 56
4.5 ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY AND INDUSTRY 57
FIGURE 17 MACHINE TOOLS INDUSTRY AND CHINA TO HOLD MAJOR SHARES OF ASIA PACIFIC LASER MARKING MARKET IN 2022 57
4.6 LASER MARKING MARKET, BY COUNTRY 57
FIGURE 18 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LASER MARKING MARKET DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
FIGURE 19 LASER MARKING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.1.1 DRIVERS 59
FIGURE 20 LASER MARKING MARKET: DRIVERS AND THEIR IMPACT 59
5.1.1.1 Higher performance of laser markers over traditional material marking techniques 59
5.1.1.2 Increasing adoption of laser markers in various industries 60
5.1.1.3 Growing adoption of smart manufacturing techniques 60
5.1.1.4 Shift toward production of nanodevices and microdevices 60
FIGURE 21 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES IN MILLION SQUARE INCH (MSI), 2018-2021 61
5.1.2 RESTRAINTS 61
FIGURE 22 LASER MARKING MARKET: RESTRAINTS AND THEIR IMPACT 61
5.1.2.1 High deployment cost 62
5.1.3 OPPORTUNITIES 62
FIGURE 23 LASER MARKING MARKET: OPPORTUNITIES AND THEIR IMPACT 62
5.1.3.1 Growing adoption of advanced laser marking technologies 62
5.1.3.2 Increasing trend of personalized gifts 63
5.1.4 CHALLENGES 63
FIGURE 24 LASER MARKING MARKET: CHALLENGES AND THEIR IMPACT 63
5.1.4.1 Environmental concerns associated with use of rare-earth elements 63
5.1.4.2 Technical complexities related to high-power lasers 63
5.2 VALUE CHAIN ANALYSIS 64
FIGURE 25 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) AND LASER MARKING SYSTEM INTEGRATORS 64
5.3 ECOSYSTEM ANALYSIS 66
FIGURE 26 ECOSYSTEM OF LASER MARKING MARKET 66
TABLE 2 LASER MARKING MARKET: COMPANY ROLES 66
5.4 TECHNOLOGY ANALYSIS 68
5.5 PATENT ANALYSIS 69
FIGURE 27 NUMBER OF PATENTS GRANTED PER YEAR, 2012-2021 69
FIGURE 28 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 70
TABLE 3 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS 70
5.5.1 LIST OF MAJOR PATENTS RELATED TO LASER MARKING MARKET 71
TABLE 4 LIST OF MAJOR PATENTS 71
5.6 CASE STUDY ANALYSIS 73
5.6.1 LEADING OEM OF ELECTRICAL COMPONENTS RELABELS CIRCUIT BREAKERS WITH MECCO'S AND ITRACE'S TECHNOLOGIES 73
5.6.2 JUNGHANS ACHIEVES HIGH-QUALITY MARKING ON ITS LIMITED-EDITION PLATINUM WATCHES WITH TRUMPF'S TRUMARK STATION 7000 73
5.6.3 FOBA HELPS CENTEX MACHINING REDUCE MARKING TIME AND ENHANCE EFFICIENCY 74
5.6.4 LASERAX HELPS MERIDIAN WITH BEST LASER MARKING STATION SUITABLE FOR HARSH ENVIRONMENTS 74
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 75
FIGURE 29 TRENDS/DISRUPTIONS IN LASER MARKING MARKET 75
5.8 TRADE ANALYSIS 75
FIGURE 30 IMPORT DATA FOR HS CODE 845611, BY COUNTRY, 2017-2021 76
FIGURE 31 EXPORT DATA FOR HS CODE 845611, BY COUNTRY, 2017-2021 76
5.9 PORTER'S FIVE FORCES ANALYSIS 77
TABLE 5 LASER MARKING MARKET: PORTER'S FIVE FORCES ANALYSIS 77
5.9.1 INTENSITY OF COMPETITIVE RIVALRY 77
5.9.2 BARGAINING POWER OF SUPPLIERS 78
5.9.3 BARGAINING POWER OF BUYERS 78
5.9.4 THREAT OF SUBSTITUTES 78
5.9.5 THREAT OF NEW ENTRANTS 78
5.10 TARIFF ANALYSIS 79
TABLE 6 TARIFF IMPOSED ON LASER MARKING MACHINES UNDER HS CODE 845611 EXPORTED BY US 79
TABLE 7 TARIFF IMPOSED ON LASER MARKING MACHINES UNDER HS CODE 845611 EXPORTED BY CHINA 79
TABLE 8 TARIFF IMPOSED ON LASER MARKING MACHINES UNDER HS CODE 845611 EXPORTED BY GERMANY 80
5.11 STANDARDS AND REGULATORY LANDSCAPE 80
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
5.11.2 LASER STANDARDS, CLASSIFICATIONS, AND RELATED RATINGS 82
TABLE 13 CLASSIFICATION CRITERIA OF DIFFERENT LASER STANDARDS 83
5.11.3 INGRESS PROTECTION (IP) RATINGS 84
TABLE 14 INGRESS PROTECTION (IP) RATINGS 84
5.11.4 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) 85
5.11.5 REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH) 85
5.11.6 GENERAL DATA PROTECTION REGULATION (GDPR) 86
5.11.7 IMPORT-EXPORT LAWS 86
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 86
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3 INDUSTRIES 87
TABLE 15 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3 INDUSTRIES (%) 87
5.12.2 BUYING CRITERIA 87
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 87
TABLE 16 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 88
5.13 PRICING ANALYSIS 88
5.13.1 AVERAGE SELLING PRICE OF LASER MARKING SYSTEMS OFFERED BY MARKET PLAYERS TO TOP 3 INDUSTRIES 88
FIGURE 34 AVERAGE SELLING PRICE OF LASER MARKING SYSTEMS OFFERED BY MARKET PLAYERS TO TOP 3 INDUSTRIES 88
TABLE 17 AVERAGE SELLING PRICE OF LASER MARKING SYSTEMS OFFERED BY MARKET PLAYERS TO TOP 3 INDUSTRIES 89
5.14 KEY CONFERENCES AND EVENTS, 2022-2023 89
TABLE 18 LASER MARKING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 89
6 LASER MARKING MARKET, BY OFFERING 91
6.1 INTRODUCTION 92
FIGURE 35 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 19 LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 92
TABLE 20 LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 93
6.2 HARDWARE 93
TABLE 21 HARDWARE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 94
TABLE 22 HARDWARE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 94
TABLE 23 HARDWARE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (UNITS) 94
TABLE 24 HARDWARE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (UNITS) 95
6.2.1 LASER 95
6.2.1.1 Active laser medium 95
6.2.1.1.1 Acts as source of optical gain to produce population inversion 95
6.2.1.2 External energy source 95
6.2.1.2.1 Laser markers supported via pump source that transfers energy from external source 95
6.2.1.3 Optical resonator 96
6.2.1.3.1 Used in guiding stimulated emission processes to generate laser beam 96
6.2.2 CONTROLLER 96
6.2.2.1 Used to control laser beam emitted from laser source 96
6.2.3 FILTER 96
6.2.3.1 Used to filter range of wavelengths to transmit desired wavelengths and filter unwanted wavelengths 96
6.2.4 ROTARY DEVICE 96
6.2.4.1 Laser marking machines supported by rotary devices to work on rounded items 96
6.2.5 GALVANOMETER 96
6.2.5.1 Used to guide beam within limited area through lens onto object surface 96
6.2.6 POWER SUPPLY 96
6.2.6.1 Provides energy to all devices installed in laser marking system 96
6.3 SOFTWARE 97
6.3.1 ENABLES LASER MARKERS TO PERFORM 3D MARKING AND LASER MARKING OF TEXTS, LOGOS, AND GRAPHICS 97
TABLE 25 SOFTWARE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 98
TABLE 26 SOFTWARE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 98
6.4 SERVICES 98
6.4.1 LASER MARKING SERVICES FACILITATE DEPLOYMENT AND OPERATION OF LASER MARKING SYSTEMS 98
TABLE 27 SERVICES: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 99
TABLE 28 SERVICES: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 99
7 LASER MARKING MARKET, BY LASER TYPE 100
7.1 INTRODUCTION 101
FIGURE 36 UV LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 29 LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 101
TABLE 30 LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 102
7.2 FIBER LASER 102
7.2.1 GROWING DEMAND FOR FIBER LASER MARKING SYSTEMS ATTRIBUTED TO HIGH VERSATILITY 102
TABLE 31 FIBER LASER: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 103
TABLE 32 FIBER LASER: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 103
TABLE 33 FIBER LASER: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 103
TABLE 34 FIBER LASER: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 104
7.3 DIODE LASER 104
7.3.1 HIGH USE OF DIODE LASERS FOR ABLATION AND DAY/NIGHT MARKINGS 104
TABLE 35 DIODE LASER: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 104
TABLE 36 DIODE LASER: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 105
TABLE 37 DIODE LASER: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 105
TABLE 38 DIODE LASER: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 105
7.4 SOLID-STATE LASER 105
TABLE 39 SOLID-STATE LASER: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 106
TABLE 40 SOLID-STATE LASER: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 106
TABLE 41 SOLID-STATE LASER: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 107
TABLE 42 SOLID-STATE LASER: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 107
7.4.1 YTTRIUM ALUMINUM GARNET (YAG) LASER 107
7.4.1.1 Use of yttrium aluminum garnet (YAG) lasers for several applications attributed to high thermal conductivity 107
7.4.2 NEODYMIUM GLASS LASER 107
7.4.2.1 Use of neodymium glass lasers in high-energy-pulsed operations 107
7.4.3 THIN DISK LASER 108
7.4.3.1 Ability to generate high peak power in picosecond pulses 108
7.5 CO2 LASER 108
7.5.1 HIGH USE OF CO2 LASERS FOR COMMERCIAL, INDUSTRIAL, AND MILITARY APPLICATIONS 108
TABLE 43 CO2 LASER: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 108
TABLE 44 CO2 LASER: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 109
TABLE 45 CO2 LASER: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 109
TABLE 46 CO2 LASER: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 109
7.6 ULTRAVIOLET (UV) LASER 110
7.6.1 GROWING ADOPTION OF ULTRAVIOLET (UV) LASERS TO MARK HIGHLY REFLECTIVE MATERIALS 110
TABLE 47 UV LASER: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 110
TABLE 48 UV LASER: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 110
TABLE 49 UV LASER: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 111
TABLE 50 UV LASER: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 111
7.7 OTHERS 111
TABLE 51 OTHERS: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 112
TABLE 52 OTHERS: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 112
TABLE 53 OTHERS: LASER MARKING MARKET, BY OFFERING, 2018-2021 (USD MILLION) 112
TABLE 54 OTHERS: LASER MARKING MARKET, BY OFFERING, 2022-2027 (USD MILLION) 113
8 LASER MARKING MARKET, BY PRODUCT TYPE 114
8.1 INTRODUCTION 115
FIGURE 37 FIXED SEGMENT TO HOLD LARGER SHARE OF LASER MARKING MARKET DURING FORECAST PERIOD 115
TABLE 55 LASER MARKING MARKET, BY PRODUCT TYPE, 2018-2021 (USD MILLION) 115
TABLE 56 LASER MARKING MARKET, BY PRODUCT TYPE, 2022-2027 (USD MILLION) 115
8.2 FIXED 116
8.2.1 WIDELY USED FOR 3D MARKING OF LOGOS, 2D MATRIX CODES, AND BARCODES 116
8.3 PORTABLE 116
8.3.1 HIGHLY USED ATTRIBUTED TO COMPACT SIZE, MINIMAL MAINTENANCE COST, HIGH STABILIZATION, AND LESS POWER CONSUMPTION FEATURES 116
9 LASER MARKING MARKET, BY MACHINE TYPE 117
9.1 INTRODUCTION 118
FIGURE 38 3D LASER MARKING SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 118
TABLE 57 LASER MARKING MARKET, BY MACHINE TYPE, 2018-2021 (USD MILLION) 118
TABLE 58 LASER MARKING MARKET, BY MACHINE TYPE, 2022-2027 (USD MILLION) 118
9.2 2D LASER MARKING 119
9.2.1 USED FOR MARKING FLAT SURFACES IN VARIOUS INDUSTRIES 119
9.3 3D LASER MARKING 119
9.3.1 USED TO PERFORM ETCHINGS, ENGRAVINGS, AND MARKINGS ON NON-FLAT SURFACES 119
10 LASER MARKING MARKET, BY METHOD 120
10.1 INTRODUCTION 120
FIGURE 39 ANNEALING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 120
TABLE 59 LASER MARKING MARKET, BY METHOD, 2018-2021 (USD MILLION) 120
TABLE 60 LASER MARKING MARKET, BY METHOD, 2022-2027 (USD MILLION) 121
10.2 ANNEALING 121
10.2.1 ANNEALING PROVIDES PERMANENT MARKING ON MACHINE TOOLS AND MEDICAL EQUIPMENT FOR TRACING AND IDENTIFICATION OF TOOLS 121
10.3 ABLATION 122
10.3.1 ABLATION IS WELL-SUITED FOR PASSIVATED, OXIDIZED, OR COATED METALS 122
10.4 ENGRAVING 122
10.4.1 LASER ENGRAVING CAN BE ACHIEVED ON DIFFERENT MATERIALS 122
10.5 OTHERS 123
11 LASER MARKING MARKET, BY MATERIAL 124
11.1 INTRODUCTION 125
FIGURE 40 METAL SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 125
TABLE 61 LASER MARKING MARKET, BY MATERIAL TYPE, 2018-2021 (USD MILLION) 125
TABLE 62 LASER MARKING MARKET, BY MATERIAL TYPE, 2022-2027 (USD MILLION) 125
11.2 METAL 126
11.2.1 GROWING USE OF FIBER AND CO2 LASER MARKING MACHINES TO MARK AND ENGRAVE METALS 126
11.3 PLASTIC 126
11.3.1 RISING LASER MARKING ON PLASTIC MATERIALS 126
11.4 GLASS, PAPER, AND CERAMICS 127
11.4.1 RISING ADOPTION OF LASER ENGRAVING MACHINES TO MARK GLASS, PAPER, AND CERAMICS 127
11.5 OTHERS 127
12 LASER MARKING MARKET, BY APPLICATION 128
12.1 INTRODUCTION 129
FIGURE 41 QR CODES SEGMENT TO HOLD LARGEST SHARE OF LASER MARKING MARKET DURING FORECAST PERIOD 129
TABLE 63 LASER MARKING MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 129
TABLE 64 LASER MARKING MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 130
12.2 BARCODES 131
12.2.1 RISING DEMAND FOR LASER MARKING MACHINES ATTRIBUTED TO ABILITY TO MARK PERMANENT ALPHANUMERIC DETAILS ON OBJECTS 131
12.3 LOGOS 131
12.3.1 GROWING ADOPTION OF LASER MARKING AS PERMANENT LOGO MARKING METHOD FOR SEVERAL MATERIALS 131
12.4 DATE CODES 132
12.4.1 INCREASING USE OF HIGH-PRECISION LASERS IN HEALTHCARE INDUSTRY FOR MARKING DATE CODES ON MEDICINES AND SUPPLEMENTS 132
12.5 PART NUMBERS 132
12.5.1 INCREASING APPLICATION OF LASER MARKING SYSTEMS TO MARK PART NUMBERS IN MACHINE TOOLS AND AUTOMOTIVE INDUSTRIES 132
12.6 QUICK RESPONSE (QR) CODES 132
12.6.1 RISING ADOPTION OF QUICK RESPONSE (QR) CODES IN VARIOUS INDUSTRIES 132
12.7 OTHERS 133
13 LASER MARKING MARKET, BY INDUSTRY 134
13.1 INTRODUCTION 135
FIGURE 42 PACKAGING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 135
TABLE 65 LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 135
TABLE 66 LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 136
13.2 MACHINE TOOLS 136
13.2.1 RISING DEMAND FOR LASER MARKING AND ENGRAVING SYSTEMS IN MACHINE TOOL MANUFACTURING 136
TABLE 67 MACHINE TOOLS: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 137
TABLE 68 MACHINE TOOLS: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 137
TABLE 69 MACHINE TOOLS: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 138
TABLE 70 MACHINE TOOLS: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 138
TABLE 71 MACHINE TOOLS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 138
TABLE 72 MACHINE TOOLS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 139
TABLE 73 MACHINE TOOLS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 139
TABLE 74 MACHINE TOOLS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 139
TABLE 75 MACHINE TOOLS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 140
TABLE 76 MACHINE TOOLS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 140
TABLE 77 MACHINE TOOLS: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 140
TABLE 78 MACHINE TOOLS: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 140
13.3 SEMICONDUCTOR & ELECTRONICS 141
13.3.1 RISING GLOBAL INVESTMENTS IN SEMICONDUCTOR FABRICATION EXPANSION 141
TABLE 79 SEMICONDUCTOR & ELECTRONICS: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 141
TABLE 80 SEMICONDUCTOR & ELECTRONICS: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 142
TABLE 81 SEMICONDUCTOR & ELECTRONICS: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 142
TABLE 82 SEMICONDUCTOR & ELECTRONICS: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 142
TABLE 83 SEMICONDUCTOR & ELECTRONICS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 143
TABLE 84 SEMICONDUCTOR & ELECTRONICS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 143
TABLE 85 SEMICONDUCTOR & ELECTRONICS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 143
TABLE 86 SEMICONDUCTOR & ELECTRONICS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 144
TABLE 87 SEMICONDUCTOR & ELECTRONICS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 144
TABLE 88 SEMICONDUCTOR & ELECTRONICS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 144
TABLE 89 SEMICONDUCTOR & ELECTRONICS: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 144
TABLE 90 SEMICONDUCTOR & ELECTRONICS: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 145
13.4 AUTOMOTIVE 145
13.4.1 HIGH USE OF LASER MARKING SYSTEMS TO MARK AUTOMOBILE PARTS 145
TABLE 91 AUTOMOTIVE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 145
TABLE 92 AUTOMOTIVE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 146
TABLE 93 AUTOMOTIVE: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 146
TABLE 94 AUTOMOTIVE: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 146
TABLE 95 AUTOMOTIVE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 147
TABLE 96 AUTOMOTIVE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 147
TABLE 97 AUTOMOTIVE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 147
TABLE 98 AUTOMOTIVE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 148
TABLE 99 AUTOMOTIVE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 148
TABLE 100 AUTOMOTIVE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 148
TABLE 101 AUTOMOTIVE: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 148
TABLE 102 AUTOMOTIVE: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 149
13.5 HEALTHCARE 149
13.5.1 RISING DEMAND FOR HIGH-PRECISION LASERS TO MEET STRINGENT IDENTIFICATION AND TRACEABILITY GUIDELINES 149
TABLE 103 HEALTHCARE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 149
TABLE 104 HEALTHCARE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 150
TABLE 105 HEALTHCARE: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 150
TABLE 106 HEALTHCARE: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 150
TABLE 107 HEALTHCARE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 151
TABLE 108 HEALTHCARE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 151
TABLE 109 HEALTHCARE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 151
TABLE 110 HEALTHCARE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 152
TABLE 111 HEALTHCARE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 152
TABLE 112 HEALTHCARE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 152
TABLE 113 HEALTHCARE: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 153
TABLE 114 HEALTHCARE: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 153
13.6 AEROSPACE & DEFENSE 153
13.6.1 GROWING DEMAND FOR LASER MARKERS IN AEROSPACE & DEFENSE INDUSTRY ATTRIBUTED TO ABILITY TO WORK WITH SEVERAL METALS 153
TABLE 115 AEROSPACE & DEFENSE: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 154
TABLE 116 AEROSPACE & DEFENSE: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 154
TABLE 117 AEROSPACE & DEFENSE: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 154
TABLE 118 AEROSPACE & DEFENSE: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 155
TABLE 119 AEROSPACE & DEFENSE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 155
TABLE 120 AEROSPACE & DEFENSE: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 155
TABLE 121 AEROSPACE & DEFENSE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 156
TABLE 122 AEROSPACE & DEFENSE: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 156
TABLE 123 AEROSPACE & DEFENSE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 156
TABLE 124 AEROSPACE & DEFENSE: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 157
TABLE 125 AEROSPACE & DEFENSE: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 157
TABLE 126 AEROSPACE & DEFENSE: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 157
13.7 PACKAGING 157
13.7.1 HIGH USE OF CO2 LASERS IN PACKAGING VERTICAL 157
TABLE 127 PACKAGING: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 158
TABLE 128 PACKAGING: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 158
TABLE 129 PACKAGING: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 159
TABLE 130 PACKAGING: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 159
TABLE 131 PACKAGING: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 159
TABLE 132 PACKAGING: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 160
TABLE 133 PACKAGING: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 160
TABLE 134 PACKAGING: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 160
TABLE 135 PACKAGING: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 161
TABLE 136 PACKAGING: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 161
TABLE 137 PACKAGING: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 161
TABLE 138 PACKAGING: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 161
13.8 OTHERS 162
13.8.1 TEXTILE 162
13.8.1.1 Engraving of natural and synthetic fabrics to achieve required design 162
13.8.2 ARCHITECTURE 162
13.8.2.1 Rising marking and engraving of wood and plywood 162
13.8.3 GEMOLOGY & JEWELRY 162
13.8.3.1 Ability of laser marking machines to perform customized markings quickly and easily 162
TABLE 139 OTHERS: LASER MARKING MARKET, BY LASER TYPE, 2018-2021 (USD MILLION) 163
TABLE 140 OTHERS: LASER MARKING MARKET, BY LASER TYPE, 2022-2027 (USD MILLION) 163
TABLE 141 OTHERS: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 163
TABLE 142 OTHERS: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 164
TABLE 143 OTHERS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 164
TABLE 144 OTHERS: ASIA PACIFIC LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 164
TABLE 145 OTHERS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 165
TABLE 146 OTHERS: EUROPE LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 165
TABLE 147 OTHERS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 165
TABLE 148 OTHERS: NORTH AMERICA LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 165
TABLE 149 OTHERS: ROW LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 166
TABLE 150 OTHERS: ROW LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 166
14 LASER MARKING MARKET, BY REGION 167
14.1 INTRODUCTION 168
FIGURE 43 REGIONAL SNAPSHOT: INDIA LASER MARKING MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 168
TABLE 151 LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 168
TABLE 152 LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 169
14.2 NORTH AMERICA 170
FIGURE 44 NORTH AMERICA: SNAPSHOT OF LASER MARKING MARKET 170
TABLE 153 NORTH AMERICA: LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 171
TABLE 154 NORTH AMERICA: LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 171
TABLE 155 NORTH AMERICA: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 171
TABLE 156 NORTH AMERICA: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 172
14.2.1 US 172
14.2.1.1 Increasing demand for warranty traceability and regulatory requirements from manufacturing companies 172
14.2.2 CANADA 173
14.2.2.1 Growing label engraving on manufactured products 173
14.2.3 MEXICO 173
14.2.3.1 Expanding automotive industry 173
14.3 EUROPE 174
FIGURE 45 EUROPE: SNAPSHOT OF LASER MARKING MARKET 175
TABLE 157 EUROPE: LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 175
TABLE 158 EUROPE: LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 176
TABLE 159 EUROPE: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 176
TABLE 160 EUROPE: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 176
14.3.1 GERMANY 177
14.3.1.1 Growing use of laser markers and engravers in foaming, frothing, annealing, and other micromachining applications 177
14.3.2 FRANCE 177
14.3.2.1 Rising government-led investments in automotive and semiconductor industries 177
14.3.3 UK 178
14.3.3.1 Growing aerospace industry 178
14.3.4 REST OF EUROPE 178
14.4 ASIA PACIFIC 179
FIGURE 46 ASIA PACIFIC: SNAPSHOT OF LASER MARKING MARKET 180
TABLE 161 ASIA PACIFIC: LASER MARKING MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 180
TABLE 162 ASIA PACIFIC: LASER MARKING MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 181
TABLE 163 ASIA PACIFIC: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 181
TABLE 164 ASIA PACIFIC: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 181
14.4.1 CHINA 182
14.4.1.1 Growing adoption of enhanced manufacturing techniques in machine tools industry 182
14.4.2 JAPAN 182
14.4.2.1 Rapid industrialization and modernization 182
14.4.3 INDIA 183
14.4.3.1 Government-led initiatives to boost domestic manufacturing sector 183
14.4.4 SOUTH KOREA 183
14.4.4.1 High investments in semiconductor industry 183
14.4.5 REST OF ASIA PACIFIC 184
14.5 REST OF THE WORLD (ROW) 184
TABLE 165 ROW: LASER MARKING MARKET, BY REGION, 2018-2021 (USD MILLION) 184
TABLE 166 ROW: LASER MARKING MARKET, BY REGION, 2022-2027 (USD MILLION) 184
TABLE 167 ROW: LASER MARKING MARKET, BY INDUSTRY, 2018-2021 (USD MILLION) 185
TABLE 168 ROW: LASER MARKING MARKET, BY INDUSTRY, 2022-2027 (USD MILLION) 185
14.5.1 MIDDLE EAST & AFRICA 185
14.5.1.1 Expansion of automotive vertical 185
14.5.2 SOUTH AMERICA 186
14.5.2.1 Rising demand for laser marking systems in aerospace industry 186
15 COMPETITIVE LANDSCAPE 187
15.1 OVERVIEW 187
15.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 187
TABLE 169 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPANIES IN LASER MARKING MARKET 187
15.3 FIVE-YEAR COMPANY REVENUE ANALYSIS 189
FIGURE 47 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN LASER MARKING MARKET 189
15.4 MARKET SHARE ANALYSIS, 2021 189
TABLE 170 LASER MARKING MARKET: DEGREE OF COMPETITION 189
15.5 COMPANY EVALUATION QUADRANT 190
15.5.1 STARS 191
15.5.2 EMERGING LEADERS 191
15.5.3 PERVASIVE PLAYERS 191
15.5.4 PARTICIPANTS 191
FIGURE 48 LASER MARKING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021 192
15.6 STARTUP/SME EVALUATION QUADRANT, 2021 192
15.6.1 PROGRESSIVE COMPANIES 192
15.6.2 RESPONSIVE COMPANIES 193
15.6.3 DYNAMIC COMPANIES 193
15.6.4 STARTING BLOCKS 193
FIGURE 49 LASER MARKING MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 193
15.7 LASER MARKING MARKET: COMPANY PRODUCT FOOTPRINT 194
TABLE 171 PRODUCT FOOTPRINT OF COMPANIES 194
TABLE 172 INDUSTRY FOOTPRINT OF COMPANIES 195
TABLE 173 PRODUCT TYPE FOOTPRINT OF COMPANIES 196
TABLE 174 REGIONAL FOOTPRINT OF COMPANIES 197
15.8 LASER MARKING MARKET: COMPETITIVE BENCHMARKING 198
TABLE 175 LASER MARKING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 198
TABLE 176 LASER MARKING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY INDUSTRY 199
TABLE 177 LASER MARKING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY PRODUCT TYPE 199
TABLE 178 LASER MARKING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION 200
15.9 COMPETITIVE SCENARIO AND TRENDS 200
TABLE 179 LASER MARKING MARKET: PRODUCT LAUNCHES, JANUARY 2020-AUGUST 2022 200
TABLE 180 LASER MARKING MARKET: DEALS, JANUARY 2020-AUGUST 2022 202
16 COMPANY PROFILES 203
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
16.1 KEY PLAYERS 203
16.1.1 COHERENT, INC. 203
TABLE 181 COHERENT, INC.: COMPANY OVERVIEW 203
FIGURE 50 COHERENT, INC.: COMPANY SNAPSHOT 204
16.1.2 TRUMPF 208
TABLE 182 TRUMPF: COMPANY OVERVIEW 208
FIGURE 51 TRUMPF: COMPANY SNAPSHOT 209
16.1.3 HAN'S LASER TECHNOLOGY CO., LTD. 212
TABLE 183 HAN'S LASER: COMPANY OVERVIEW 212
FIGURE 52 HAN'S LASER: COMPANY SNAPSHOT 212
16.1.4 IPG PHOTONICS CORP. 215
TABLE 184 IPG PHOTONICS CORP.: COMPANY OVERVIEW 215
FIGURE 53 IPG PHOTONICS CORP.: COMPANY SNAPSHOT 216
16.1.5 DANAHER CORP. 219
TABLE 185 DANAHER CORP.: COMPANY OVERVIEW 219
FIGURE 54 DANAHER CORP: COMPANY SNAPSHOT 220
16.1.6 NOVANTA INC. 225
TABLE 186 NOVANTA INC.: COMPANY OVERVIEW 225
FIGURE 55 NOVANTA INC.: COMPANY SNAPSHOT 226
16.1.7 KEYENCE CORP. 228
TABLE 187 KEYENCE CORP.: COMPANY OVERVIEW 228
FIGURE 56 KEYENCE CORP.: COMPANY SNAPSHOT 228
16.1.8 GRAVOTECH MARKING 230
TABLE 188 GRAVOTECH MARKING: COMPANY OVERVIEW 230
16.1.9 JENOPTIK 233
TABLE 189 JENOPTIK: COMPANY OVERVIEW 233
FIGURE 57 JENOPTIK: COMPANY SNAPSHOT 234
16.1.10 600 GROUP 236
TABLE 190 600 GROUP: COMPANY OVERVIEW 236
FIGURE 58 600 GROUP: COMPANY SNAPSHOT 237
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
16.2 OTHER PLAYERS 240
16.2.1 DATALOGIC S.P.A. 240
16.2.2 PANASONIC CORP. 241
16.2.3 HUAGONG TECH CO., LTD. 242
16.2.4 OMRON CORP. 243
16.2.5 TROTEC LASER GMBH 244
16.2.6 EPILOG LASER 245
16.2.7 MECCO 245
16.2.8 LASERSTAR TECHNOLOGIES CORP. 246
16.2.9 TELESIS TECHNOLOGIES, INC. 247
16.2.10 GCC WORLD 248
16.2.11 ACI LASER 249
16.2.12 RADIAN LASER SYSTEMS 250
16.2.13 LNA LASER 250
16.2.14 ACSYS LASERTECHNIK GMBH 251
16.2.15 LASERAX 252
16.2.16 HEATSIGN 253
16.2.17 RMI LASER 253
16.2.18 LASEA 254
17 APPENDIX 255
17.1 DISCUSSION GUIDE 255
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 258
17.3 CUSTOMIZATION OPTIONS 260
17.4 RELATED REPORTS 260
17.5 AUTHOR DETAILS 261

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