Industrial Lasers Market is predicted to reach USD 23.6 billion at a CAGR of 13.10% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Industrial Lasers Market”.

The Industrial lasers market is estimated to register a CAGR of 13.10% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Industrial lasers market— Amonics Ltd, TRUMP, Toptica Photonics AG, Quantel Group, Jenoptik Laser GmbH, IPG Photonics Corporation, CY Laser SRL, NKT Photonics A/S, Coherent Inc, Apollo Instruments Inc.

Market Highlights

The global Industrial lasers market is accounted to register a CAGR of 13.10% during the forecast period and is estimated to reach USD 23.6 Billion by 2032.

The manufacturing and distribution of lasers used in industrial applications is referred to as the "Industrial Lasers Market." In industries like industrial, automotive, aerospace, and healthcare, these lasers are used for cutting, welding, marking, and other precise activities. The requirement for powerful and accurate laser technology in industrial processes is met by this market.

Segment Analysis

The global Industrial lasers market has been segmented based Type, Power and Application

On the basis of Type, the market is segmented into Macro Processing and Micro Processing. Macro processing segment dominated the global market in 2022. This is due to the slowdown in the growth of high-power laser cutting applications.

Based on Power, the global Industrial lasers market has been segmented into Less Than 1 kW and More Than 1.1 kW. More Than 1.1 kW segment dominated the global Industrial Lasers market in 2022. Lasers are used in industry to quickly cut materials including plastic, ceramic, and metal.

Based on Application, the global Industrial lasers market has been segmented into Cutting, Welding, Non Metal Processing, Additive Manufacturing, and Others. Cutting segment dominated the global market in 2022. Precision, lightness, and high long-term processing stability in high-speed and high-precision operations are the main goals of industrial laser cutting system technology.

Regional Analysis

The global Industrial lasers market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Industrial lasers market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Industrial lasers market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Industrial lasers market comprises of Middle East, Africa, and Latin America.

The North America Industrial Lasers Market dominated this market in 2022 (45.80%). This is a result of technological developments in a number of sectors, including manufacturing, aerospace, automotive, etc. In a similar line, a number of significant vendors, including IPG Photonics and Coherent Inc., are based in the area. Numerous businesses, SMEs, and startups have raised large sums of money to create cutting-edge laser technology solutions. Significant improvements made by laser system makers have also suggested a merger and acquisition binge. The former intends to use the available laser welding technology to grow its current supplier base.

Moreover, in 2022, the industrial lasers market in Europe held a sizable market share. The market is anticipated to expand, particularly in the healthcare and auto sectors. The commercialization of laser systems in the local medical industry is a result of the demand for least invasive procedures. Medical laser systems have increased as a result of the region's growing geriatric population and rising cancer incidence.

Additionally, from 2023 to 2032, the Asia Pacific Industrial Lasers market is anticipated to grow significantly. Asia-Pacific is home to some key market players, such as Han's Laser Technology Industry Group and others. Due to the region's reputation for strength in the automotive and medical sectors, the market there is expected to grow. Numerous businesses have made investments to support the growth and development of the Asia-Pacific area because it is predicted that this region would have the highest market growth rate.

Furthermore, the industry that provides and distributes lasers specifically for industrial applications in the Latin American region is included in the Latin America Industrial Lasers Market. In Latin American nations, this market supports a number of industries including manufacturing, automotive, aerospace, and healthcare by meeting the region's expanding demand for powerful and precise laser technology.

Key Findings of the Study

• The global Industrial lasers market is expected to reach USD 23.61 Billion by 2032, at a CAGR of 13.10% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market as a result of the region's reputation for strength in the automotive and medical sectors.


• Based on Application, the Cutting segment was attributed to holding the largest market in 2022.


• Amonics Ltd, TRUMP, Toptica Photonics AG, Quantel Group, Jenoptik Laser GmbH, IPG Photonics Corporation, CY Laser SRL, NKT Photonics A/S, Coherent Inc, Apollo Instruments Inc.