Industrial Lasers Market Size Share Growth Trends Forecast 2032
The global industrial lasers market size was valued at USD 21.21 billion in 2024 and is projected to reach USD 55.09 billion by 2032 at a CAGR of 12.7 percent. Explore key drivers, trends.
Industrial Lasers Market Overview
The global industrial lasers market size was valued at USD 21.21 billion in 2024 and is projected to grow from USD 23.90 billion in 2025 to USD 55.09 billion by 2032, exhibiting a CAGR of 12.7 percent during the forecast period. Asia Pacific dominated the global market with a share of 49.32 percent in 2024.
What is Driving the Industrial Lasers Market Growth?
Industrial lasers are increasingly used in manufacturing and machining equipment to achieve precise and efficient production. Key applications include laser marking, cutting, surface texturing, ablation, and drilling, which are widely utilized across metal manufacturing, microelectronics processing, defense and aerospace, semiconductor, and additive manufacturing industries.
Automation trends in manufacturing are boosting demand for robot-based laser solutions, which enhance productivity and accuracy. Industries are investing heavily in high-power lasers and fiber lasers to meet growing requirements for advanced material processing and microfabrication tasks.
Industrial Lasers Market Snapshot
Global industrial lasers market size valued at USD 21.21 billion in 2024
Projected to grow from USD 23.90 billion in 2025 to USD 55.09 billion by 2032
CAGR of 12.7 percent during the forecast period
Asia Pacific region holds the largest share at 49.32 percent in 2024
Market Segmentation
By Type: CO2, Solid-State, Diode, Fiber, and Others
By Power: Less than 1 kW, More than 1.1 kW
By Application: Macro Processing, Micro Processing, Marking and Engraving
By End-Use Industry: Electronics, Metal Processing, Automotive, Non-Metal Processing
Leading Industrial Lasers Companies
Calmar Laser
Amonics Ltd.
TRUMPF
Coherent Inc.
Newport Corporation
IPG Photonics Corporation
Bystronic Laser AG
JENOPTIK AG
Lumentum Operations LLC
nLight Inc.
ACSYS Lasertechnik Inc.
Han’s Laser Technology Industry Group Co. Ltd.
Clark-MXR Inc.
Lumibird SA
Toptica Photonics AG
Quantel Group
NKT Photonics A/S
CY Laser SRL
Apollo Instruments
Laser Lab India Pvt. Ltd.
Key Industry Developments
September 2024: Laser Photonics Corporation expanded into sectors like solar energy and semiconductors. Acuren adopted LPC's CleanTech laser systems for inspection and maintenance.
August 2024: BWT launched a 200kW ultra-high-power industrial-grade fiber laser to enhance material processing efficiency using advanced fiber grating technology.
July 2024: MedWorld Advisors acquired ARC Laser GmbH and GNS neoLaser Ltd. to create the MedTech Laser Group, which will focus on medical device laser technologies.
Read the full report at https://www.fortunebusinessinsights.com/industrial-lasers-market-102063