New York, Sept. 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, Laser Marking Market by Laser Type, Industry, Offering, Application, Method, Material and Region – Global Forecast to 2027 – https ://www.reportlinker.com/p05792000/?utm_source=GNW
The laser marking market for laser engraving process is projected to hold the largest share from 2022 to 2027
Laser engraving is seeing a rapid increase in use cases for the technology in the industrial segment. One of the larger segments is identification security, where laser engraving is ideal for credit cards, ID cards, sensitive documents and other items that require heightened security measures.
Laser engraving is also being used for several new applications such as woodworking, metalworking, digital and retail signage, model making, clothing stores, fabric stores, gadgets and sports equipment.
The QR code laser marking market is expected to hold the largest share during the forecast period.
The QR code laser marking market is expected to occupy the largest share during the forecast period. QR codes are used in various industries such as construction, packaging, medical, automotive and semiconductor.
With specialized laser marking software, laser marking systems can mark QR codes directly onto products made of almost any material. With the explosion of smartphones, QR codes are becoming more common and can be scanned by a growing segment of the population.
QR codes are becoming a standard for product identification. The QR code can link to a URL address such as a Facebook page, YouTube channel, or company website.
With recent advances, 3D codes have come into the picture, requiring 3-axis laser marking machines to mark uneven surfaces or hollow or cylindrical surfaces.
The laser marking market in North America is set to grow at the second highest CAGR during the forecast period.
The laser marking market in North America is projected to grow at the second highest CAGR during the forecast period. The USA, Canada and Mexico are major contributors to the growth of the laser marking market in North America.
North America is one of the most technologically advanced regions and a huge market for laser markers due to the presence of prominent system suppliers, major semiconductor companies and automotive manufacturers. North America is a key region for laser marking growth in the machine tool, aerospace, defense, automotive, and semiconductor and electronics industries.
Key Participants Profile Breakdown:
• By company type: Tier 1 – 30%, Tier 2 – 50% and Tier 3 – 20%
• By title: C-level executives – 30%, directors – 45%, other – 25%
• By region: North America – 20%, Europe – 30%, Asia Pacific – 45% and RoW – 5%
Coherent, Inc. (USA), TRUMPF (Germany), Han’s Laser Technology Co., Ltd. (China), Gravotech Marking (France), IPG Photonics Corp. (US), 600 Group (UK), Danaher Corp. (USA), Novanta Inc. (USA), KEYENCE Corp. (Japan), Huagong Tech Co.,Ltd. (China), Trotec Laser (Austria), Epilog Laser (USA) and MECCO (USA) are just some of the players in the laser marking market.
Based on offering, the laser marking market has been segmented into hardware, software, and services. Based on the material, the laser marking market has been divided into plastic; Metal; glass, paper and ceramics; and other.
Based on laser type, the laser marking market has been segmented into fiber laser, diode laser, solid state laser, CO2 laser, UV laser and others. Based on the method, the laser marking market has been divided into annealing, ablation, engraving, and others.
Based on the product type, the laser marking market has been segmented into portable and stationary laser marking. Based on machine type, the laser marking market has been segmented into 2D laser marking and 3D laser marking.
Based on Application, the Laser Marking market has been segmented into Barcodes, Logos, Date Codes, Part Numbers, QR Codes, and Others. Based on Industry, Laser Marking market is segmented into Machine Tools, Automotive, Semiconductor & Electronics, Aerospace & Defense, Healthcare, Packaging and Others.
Based on region, the laser marking market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).
Reasons to Buy report.
The report would help market leaders/newcomers in the following ways:
1. This report comprehensively segments the Laser Marking market, providing the most accurate approximations of total market size along with those of its sub-segments in terms of offerings, materials, methods, laser types, product types, machine types, applications, industry verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides information on the major market drivers, restraints, challenges and opportunities.
3. This report would help stakeholders to better understand their competitors and gain more insights to improve their position in the company. The competitive landscape provides a market share analysis and business valuation quadrant for the major players operating in the Laser Marking market.
Read the full report: https://www.reportlinker.com/p05792000/?utm_source=GNW
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