Global Laser Marking Machine Market Overview to 2027
Dublin, December 22, 2021 (GLOBE NEWSWIRE) – The report “Global Laser Marking Machines Market by Type, Application, Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021-2027” has been added to ResearchAndMarkets.com offer.
The global laser marking machines market size is expected to reach $ 4.7 billion by 2027, with the market growth of 7.6% CAGR during the forecast period. A laser marking machine refers to mechanical equipment used to print permanent laser marks on a surface. This machine uses a concentrated beam of light to make marks by a green, fiber, ultraviolet (UV), YAG or CO2 laser machine.
The beam is aimed at a particular area which helps the laser marking machine to engrave high quality, precise and high contrast marks. Typically, these markings involve machine readable data for bar codes, text for serial numbers, matrix codes and graphics, and unique identification codes. This engraving is performed on many surfaces such as ceramic, titanium, steel, plastic, aluminum, wood, glass, copper and paper.
In addition, these laser marking machines allow faster, permanent and precise marking or engraving. Due to exceptional beam quality, high efficiency and superior reliability, these laser marking machines are used in many industrial applications. In addition, these machines are mainly used in the electronics and semiconductor industry for laser marking of silicon wafers and PCBs to enable traceability. Laser marking refers to a permanent procedure, which uses a focused beam of light to engrave a lasting mark on a surface. In addition, laser marking includes a wide range of applications which is carried out with a continuous wave, fiber, pulsed, green or UV laser machine.
COVID-19 impact assessment
The outbreak of the global COVID-19 pandemic has impacted all industries in some ways. Due to the pandemic, the medical sector has seen an increase in demand for laser marking machines and services. The sudden increase in demand for various medical products and devices like masks and other medical equipment has increased the demand for laser marking machines across the world. Several medical devices, which are used to treat patients with COVID-19, have seen a surge in demand due to the pandemic.
For this reason, many manufacturers and medical device companies have adopted laser marking machines to engrave their brand names and other certifications on their products. In addition, the high demand for COVID-19 test kits with polypropylene tubes for collecting samples marked with UV laser to mention different certifications is expected to accelerate the growth of the laser marking machines market. These engravings on COVID-19 kits are important for identifying patients and therefore require marking specific information about them.
Market growth factors:
The growing importance of the traceability of different products
A laser marking machine can engrave any type of important and related information on a wide variety of products, regardless of their material. These machines mark permanent and precise information like barcode, brand name, date of manufacture, etc. In addition, marking machines are widely used in the electronics and semiconductor industry for laser marking silicon wafers, and PCBs to aid in traceability.
Faster engraving with more precision
The laser engraving technique is faster and saves time. With traditional engraving methods, manufacturers used a specific range of tools and had to be very careful with their use, which was time consuming. On the contrary, laser engraving only needs one command, and it is expected to do the job commanded without any hassle or wasted time. It further helps to speed up business processes and also saves money.
Market restriction factor:
High deployment cost
Many manufacturers in various industries are adopting laser marking machines to engrave different types of information on their products. By using laser marking machines, manufacturers can reduce their production costs in the long run. However, the initial cost of implementing a laser marking machine is high, which should prevent many small and medium businesses from adopting it.
Based on the type, the market is segmented into fiber laser, CO2 laser, green laser, UV laser, and others. UV laser and YAG laser type segments are expected to generate promising CAGR during the forecast period due to their ability to fine-cut and micro-process specialized materials such as textile, ceramic liquid crystal display , glass and others. The beam used in UV laser markings comes into contact with the surface of materials to change its appearance and properties.
On the basis of application, the market is segmented into machine tool, electronics and microelectronics, medical, automotive, aerospace, packaging, military, and others. The machine tool applications segment acquired the highest revenue share in 2020. The growing applications of lasers to provide permanent alphanumeric information on machine tools such as 1D and 2D barcodes, batch numbers , designs, brand names, manufacturing dates, manufacturer codes and logos, which are expected to support the growth of the segment. The manufacturing industry is improving its operations with concepts like smart factories and factory automation to increase production capacity through batch production.
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. Europe was a prominent region in laser marking machine marking in 2020 due to the strong presence of auto and auto parts manufacturers in countries like Italy, Germany and France. Moreover, the significant growth of the aerospace and shipping sectors is expected to drive the growth of the regional market. The UK government has invested a significant amount in the Future Flight Challenge to encourage improvements in aerospace technology.
Cardinal Matrix – Laser Marking Machine Market Competition Analysis
The main strategies followed by market players are product launches. Based on the analysis presented in the cardinal matrix; Videojet Technologies, Inc. is the leading pioneer in the laser marking machine market. Companies such as LaserStar Technologies Corporation, Epilog Laser and MECCO are among the leading innovators in the market.
The market research report covers the analysis of the major players in the market. Major companies featured in the report include Han’s Laser Technology Industry Group Co., Ltd., Telesis Technologies, Inc., Videojet Technologies, Inc. (Danaher Corporation), Trotec Laser GmbH (Trodat), Epilog Laser, 600 Group PLC (TKMA) Electrox, Inc.), MECCO, LaserStar Technologies Corporation and Gravotech Marking.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
22.214.171.124 Impact of COVID-19
126.96.36.199 Market composition and scenario
2.2 Key factors influencing the market
2.2.1 Market drivers
2.2.2 Market restrictions
Chapter 3. Competitor Analysis – Global
3.1 Cardinal matrix
3.2 Recent Strategic Industry-Wide Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and Mergers
3.2.4 Geographic expansions
3.3 Best winning strategies
3.3.1 Main main strategies: percentage distribution (2017-2021)
3.3.2 Key strategic action: (Product launches and product expansions: 2017, June – 2021, June) Key players
Chapter 4. Global Laser Marking Machines Market by Application
4.1 Global Laser Marking Machine Tools Market by Region
4.2 Global Electronic and Microelectronic Laser Marking Machines Market by Region
4.3 Global Medical Laser Marking Machine Market by Region
4.4 Global Automotive Laser Marking Machine Market by Region
4.5 Global Aerospace Laser Marking Machine Market by Region
4.6 Global Packaging Laser Marking Machine Market by Region
4.7 Global Military Laser Marking Machines Market by Region
4.8 Global Other Laser Marking Applications Market by Region
Chapter 5. Global Laser Marking Machine Market by Type
5.1 Global Fiber Laser Marking Machine Market by Region
5.2 Global CO2 Laser Marking Machine Market by Region
5.3 Global Green Laser Marking Machine Market by Region
5.4 Global UV Laser Marking Machine Market by Region
5.5 Global Other Laser Marking Machines Market by Region
Chapter 6. Global Laser Marking Machine Market by Region
Chapter 7. Company Profiles
7.1 Han’s Laser Technology Industry Group Co., Ltd.
7.1.1 Company overview
7.2 Telesis Technologies, Inc.
7.2.1 Company overview
7.3 Videojet Technologies, Inc. (Danaher Corporation)
7.3.1 Company overview
7.3.2 Financial analysis
7.3.3 Sectoral and regional analysis
7.3.4 Research and development costs
7.3.5 Strategies and recent developments:
188.8.131.52 Product launches and product extensions:
7.4 Trotec Laser GmbH
7.4.1 Company overview
7.4.2 Recent strategies and developments:
184.108.40.206 Acquisitions and Mergers:
220.127.116.11 Product launches and product extensions:
7.5 Epilogue laser
7.5.1 Company overview
7.5.2 Strategies and recent developments:
18.104.22.168 Product launches and product extensions:
22.214.171.124 Geographic extensions:
7.6 600 Group PLC (TYKMA Electrox, Inc.)
7.6.1 Company overview
7.6.2 Financial analysis
7.6.3 Sectoral and regional analysis
7.6.4 Strategies and recent developments:
126.96.36.199 Partnerships, collaborations and agreements:
188.8.131.52 Product launches and product extensions:
7.7.1 Company overview
7.7.2 Strategies and recent developments:
184.108.40.206 Acquisitions and Mergers:
220.127.116.11 Product launches and product extensions:
7.8 LaserStar Technologies Corporation
7.8.1 Company overview
7.8.2 Recent strategies and developments:
18.104.22.168 Product launches and product extensions:
7.9 Gravotech marking
7.9.1 Company overview
For more information on this report visit https://www.researchandmarkets.com/r/ilm2jt