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Laser Marking Market | What are the upcoming trends in the industry

According to the new research report "Laser Marking Market by Laser Type (Fiber Laser, Diode Laser, Solid State Laser, and CO2 Laser), Offering (Hardware, Software, and Services), End User (Machine Tools, Semiconductor & Electronics, Automotive), and Geography - Global Forecast to 2024", the overall laser marking market is expected to grow from USD 2.1 billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0%. Increasing adoption of laser marking cross end-user verticals and enhanced performance of laser markers over traditional material marking techniques are the key factors driving the growth of this market.

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Laser Marking Market | What are the upcoming trends in the industry

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  1. Laser Marking Market worth $3.0 billion by 2024

  2. About our Report • The overall laser marking market is expected to grow from USD 2.1 billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0% during the forecast period. Increasing adoption of laser marking across end-user verticals and enhanced performance of laser markers over traditional material marking techniques are the key factors driving the growth of this market. • The laser marking market in RoW is expected to grow at the highest CAGR during the forecast period. RoW comprises the Middle East & Africa and South America, which have significant potential for the growth of the laser marking market. The industrial manufacturing and aerospace & defense sectors in the Middle East & Africa are witnessing significant developments, which are expected to support the increasing demand for laser marking. Increasing use of electric vehicles in the Middle East will boost the automotive vertical, which, in turn, is expected to fillip the demand for laser marking in this region. South America, which is in an early stage of economic development compared to other regions studied in this report, offers good growth opportunities for the laser marking market.

  3. Structured Cabling Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167085735 The market for the packaging end-user vertical is expected to grow at the highest CAGR from 2019 to 2024. Majority of the packaging companies have to display variable data, such as expiration dates and batch and serial numbers, as labels on the products. Laser markers are perfectly suited for marking at the end of the production process and can be used on several materials, including cardboard, paper, and polymer. Marking with laser systems is a contactless process, thus negating any mechanical stress on the packaging. These factors are likely to contribute to the highest growth rate of the packaging segment as compared to the other end-user segments.

  4. Inside of Report • Browse: • 71 market data tables. • 56 figures spread through 154 pages. • in-depth TOC on "Laser Marking Market - Global Forecast to 2024" • Fiber laser type is estimated to account for the largest share of the laser marking market during the forecast period. Features such as high output power, flexible fiber light, compact size, and high optical quality have contributed to the growth of the fiber laser segment. A fiber laser uses an optical fiber doped as an active gain medium. Fiber laser comes in various power modes (continuous wave or modulated modes) and is suitable for laser marking and engraving applications across the military, healthcare, semiconductor & electronics, and research verticals. • The market for the packaging end-user vertical is expected to grow at the highest CAGR from 2019 to 2024. Majority of the packaging companies have to display variable data, such as expiration dates and batch and serial numbers, as labels on the products. Laser markers are perfectly suited for marking at the end of the production process and can be used on several materials, including cardboard, paper, and polymer. Marking with laser systems is a contactless process, thus negating any mechanical stress on the packaging. These factors are likely to contribute to the highest growth rate of the packaging segment as compared to the other end-user segments.

  5. Key Players Coherent (US), Han’s Laser (China), Trumpf (Germany), Gravotech (France), Jenoptik (US), Epilog Laser (US), 600 Group (UK), Mecco (US), Laserstar (US), and Novanta (US)

  6. Table of Content Table of Contents 1 Introduction (Page No. - 16)    1.1 Objectives of the Study     1.2 Definition     1.3 Scope of the Study            1.3.1 Markets Covered           1.3.2 Geographic Scope           1.3.3 Years Considered for the Study    1.4 Currency     1.5 Limitations     1.6 Stakeholders 2 Research Methodology (Page No. - 20)    2.1 Introduction            2.1.1 Secondary and Primary Research . . . 12 Appendix (Page No. - 148)     12.1 Insights of Industry Experts      12.2 Discussion Guide

  7. Summary According to the new research report "Laser Marking Market by Laser Type (Fiber Laser, Diode Laser, Solid State Laser, and CO2 Laser), Offering (Hardware, Software, and Services), End User (Machine Tools, Semiconductor & Electronics, Automotive), and Geography - Global Forecast to 2024", the overall laser marking market is expected to grow from USD 2.1 billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0%. Increasing adoption of laser marking cross end-user verticals and enhanced performance of laser markers over traditional material marking techniques are the key factors driving the growth of this market.

  8. Get detail of this Report ? We at MarketsandMarkets, are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More Information :-https://www.marketsandmarkets.com/Market-Reports/laser-marking-market-167085735.html Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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