The Global Laser Marking Market is anticipated to expand significantly, according to a recent analysis by MarketsandMarketsTM. The market, which was worth USD 2.9 billion in 2022, is anticipated to rise at a compound annual growth rate (CAGR) of 7.2% to reach USD 4.1 billion by 2027.

Due to a number of important variables, the laser marking industry is rapidly expanding. The better performance provided by laser markers in comparison to conventional material marking techniques is one important motivator. For enterprises looking for dependable and long-lasting marking solutions, laser marking offers great precision, durability, and non-contact processing.

Key players involved in the manufacturing of laser marking systems are 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), among others.

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Driver: Higher performance of laser markers over traditional material marking techniques

One of the main factors driving the growth of the laser marking market is the higher performance of laser markers over traditional material marking techniques. Laser marking systems offer several benefits that make them superior to traditional marking techniques, one of which is the higher accuracy provided by laser markers. Laser beams can create precise and intricate designs with fine details, resulting in highly legible and aesthetically pleasing markings.

Higher legibility of markings is another benefit of laser markers in addition to accuracy. Laser markings are frequently durable, resistant to wear, and able to tolerate extreme weather conditions. By ensuring that the markings are readable during the whole life of the product, this improves brand awareness and product identification. The fact that laser marking systems require less labour to operate is another benefit. Because laser markers are automated and require little human input, less manual labour is required throughout the marking process. This reduces expenses while simultaneously boosting productivity and efficiency in manufacturing facilities.

Opportunity: Growing adoption of advanced laser marking technologies

The market for laser marking is greatly expanded by the rising usage of cutting-edge laser marking technologies. The variety of applications and materials that can be marked using laser technology is growing specifically as a result of technologies like 3D laser marking and hybrid laser marking.

A method known as 3D laser marking permits highly accurate and precise labelling of three-dimensional surfaces. With conventional marking procedures, it was difficult to make intricate and detailed patterns on curved, uneven, or textured surfaces. In sectors including automotive, aerospace, and consumer electronics where there is a growing need for complex-shaped component and product labelling, 3D laser marking is becoming more widely used.

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Another cutting-edge laser technique that is gaining prominence is hybrid laser marking. In a single system, a hybrid laser marker combines various laser sources or technologies, such as fibre lasers, CO2 lasers, or UV lasers. This combination offers flexible marking capabilities on a variety of materials, including metals and polymers. The hybrid laser marker allows for numerous permanent marking finishes thanks to its high peak power and incredibly short pulse duration. Industries that need the ability to mark various materials and produce unique marking effects are embracing this technology.

Hardware segment to hold largest share of laser marking market during the forecast period.

During the anticipated period, it is anticipated that the hardware sector will account for the majority of the laser marking market. The hardware sector already held the biggest market share as of 2021, and it is anticipated that this trend will continue. The significant demand for hardware parts in various kinds of laser marking systems can be ascribed to the hardware segment's dominance.

The hardware portion includes all of the tangible tools and equipment needed for laser marking, such as workstations, control panels, scanning systems, and laser sources. These parts are essential to the operation and effectiveness of laser marking systems. The demand for hardware solutions has expanded as laser marking usage spreads across industries.

Laser marking market for packaging industry is expected to grow at the highest CAGR during the forecast period

The market for laser marking in the packaging sector is anticipated to develop at the greatest compound annual growth rate (CAGR) during the course of the forecast period. For the purpose of displaying variable data and product labels, such as expiration dates, batch numbers, and serial numbers, laser marking has emerged as a crucial technology in the packaging industry. Laser markers are critical in the packaging sector for assuring precise and long-lasting marking of important information on diverse packaging materials. High precision, sturdiness, and the ability to mark on a variety of substrates, including plastics, metals, glass, and paper, are just a few benefits of laser marking. These characteristics make laser marking the perfect choice for satisfying the stringent labelling standards and traceability needs in the packaging sector.

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The market for laser marking in the packaging sector is anticipated to develop at the greatest compound annual growth rate (CAGR) during the course of the forecast period. For the purpose of displaying variable data and product labels, such as expiration dates, batch numbers, and serial numbers, laser marking has emerged as a crucial technology in the packaging industry. Laser markers are critical in the packaging sector for assuring precise and long-lasting marking of important information on diverse packaging materials. High precision, sturdiness, and the ability to mark on a variety of substrates, including plastics, metals, glass, and paper, are just a few benefits of laser marking. These characteristics make laser marking the perfect choice for satisfying the stringent labelling standards and traceability needs in the packaging sector.

Laser marking market in Europe is expected to hold the second largest size during the forecast period.

During the projection period, the European laser marking market is anticipated to have the second-largest market size. The laser marking business in Europe is expanding significantly because to nations like Germany, France, and the UK. These nations have a significant industrial base and are well-known across the world for their outstanding engineering capabilities, knowledgeable workforce, and active research and development (R&D) efforts. These elements help the laser marking market in Europe as a whole to expand.

The strict regulatory requirements for many industries, particularly the medical device sector, are a major factor in the growth of the laser marking market in Europe. All medical equipment in Europe must have the CE Mark in order to be registered inside the European Union. The CE Mark guarantees that products adhere to important standards for environmental, health, and safety protection. Since laser marking technology makes it possible to accurately and permanently mark important information, such as device identification, traceability, and compliance markings, it pushes the adoption of this technology for medical devices. During the projected period, this aspect is anticipated to fuel the expansion of the laser marking market in Europe.

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