The Laser Marking Market is expected to reach USD 4.1 billion by 2027 from USD 2.9 billion in 2022 to grow at a CAGR of 7.2% from 2022 to 2027. The main drivers propelling the growth of this market are the expanding use of laser marking across all end-user verticals and the improved performance of laser markers compared to conventional material marking techniques.

Fiber Laser Type is anticipated to significantly increase its market share in Laser Marking.

During the projected period, the fibre laser type is anticipated to hold the greatest market share for laser marking. The fibre laser market has expanded as a result of characteristics including high output power, flexible fibre light, compact size, and excellent optical quality. A doped optical fibre serves as the active gain medium in a fibre laser. Fiber laser is appropriate for laser marking and engraving applications throughout the military, healthcare, semiconductor & electronics, and research verticals and is available in a variety of power modes (continuous wave or modulated modes).

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the laser marking market's packaging end-user vertical will experience the fastest CAGR growth.

the packaging end-user vertical's market is anticipated to see the highest CAGR. The majority of packaging businesses are required to label their products with variable information, including expiration dates, batch and serial numbers, as well as other information. Laser markers may be used on a variety of materials, including cardboard, paper, and polymer, and are ideal for marking towards the conclusion of the manufacturing process. Laser marking eliminates any mechanical stress on the container because it is a contactless procedure. In comparison to the other end-user categories, the packaging market is predicted to increase at the highest rate due to these causes.

During the forecast period, the Laser Marking Market in RoW will expand at the highest CAGR.

During the forecast period, the Laser Marking Market in RoW is anticipated to develop at the highest CAGR. The Middle East, Africa, and South America are included in RoW and both offer a substantial potential for the expansion of the laser marking market. Significant changes are taking place in the Middle East and Africa's industrial manufacturing and aerospace and defence industries, which are anticipated to support the rising need for laser marking. The Middle East's growing use of electric vehicles will enhance the automotive industry, which is anticipated to fuel laser marking demand there. The Laser Marking Market has high growth prospects in South America, which is still in its early stages of economic development compared to the other areas examined in this report.

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).

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