Laser Cladding Market Size

Laser Cladding Market Overview

The Laser Cladding Market Size was valued at USD 0.5 billion in 2022. The laser cladding industry is projected to grow from USD 0.5525 Billion in 2023 to USD 1.005786 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.50% during the forecast period (2023 - 2030). Advantages over traditional processes such as inert metal gas or plasma spray coating, the market for Laser Cladding is expanding. Another reason for Laser Cladding's appeal is that it typically does not require any post-processing, making it advantageous to invest in this technology as the key market driver enhancing market growth.Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Laser Cladding Market Trends

The expanding use of lasers in manufacturing metal parts used in aircraft is driving up demand for Laser Cladding in aerospace and defense. High speed, homogeneous heat distribution, and uniform melting of the base material resulting in a cleaner surface finish with great penetration of molten material into deeper crevices or cavities, which traditional welding procedures would not be able to achieve. Moreover, metal items produced by Laser Cladding have exceptional strength and endurance. In addition to aerospace and defense, laser cladding is also being used in a range of other industries, including automotive, medical, and energy is the primary driver driving the industry and enhanced the laser cladding market CAGR globally in recent years. As more companies begin to recognize the benefits of this process, demand will likely continue to grow across a wide range of industries.

Furthermore, laser cladding applications in the automotive and aviation sectors are increasing, likely to fuel market revenue growth. The automobile industry is switching to high-strength steel to manufacture cars that meet or surpass durability standards while staying relatively light for enhanced fuel economy, another factor driving the growth of the laser cladding market revenue.

Laser Cladding Market Segment Insights

Laser Cladding Type Insights

Based on type, the Laser Cladding Market segmentation includes diode laser, fiber laser, YAG laser, and CO2 laser. Due to the increasing popularity of diode lasers in heat processing applications in consumer electronics, scientific instruments, and industrial applications, the diode laser category accounted for the largest revenue share in 2022 in Laser Cladding Market revenue. Because of their enhanced output power, small size, and ease of integration, they are commonly used in optical communications as a light source for data transport. These lasers are smaller and less costly than traditional lasers, making them appropriate for use in a variety of tiny electronic devices such as Digital Video Discs (DVD), Compact Disc (CD) and Read-Only Memory (CD-ROM) (CD-ROM).

For instance, in April 2022, Osram, a German lighting solution manufacturer, released green laser diodes in April 2022 as an alternative to red lasers in human-visible applications such as scanning, leveling, and dot projection.

Laser Cladding Revenue Insights

Based on the revenue, the Laser Cladding Market segmentation includes laser revenue and system revenue. Throughout the projected period, the laser revenue sector is predicted to contribute around ~65-67% of the Laser Cladding Market revenue. Laser revenue is defined as revenue from selling various types of lasers, including fiber lasers, YAG lasers, diode lasers, and CO2 lasers, for cladding applications. These lasers are employed in various industries, including mining, automotive, aerospace and defense. Throughout the years, many laser manufacturers have received contracts to create lasers for cladding applications.

For instance, Trumpf, a German industrial machine manufacturer, recently delivered the billionth Vertical Cavity Surface Emitting Laser to its European partner STMicroelectronics (VCSEL)

Laser Cladding Material Insights

Based on material, the Laser Cladding Market data includes cobalt-based, nickel-based and iron-based alloys. Due to increased demand in the automotive and aerospace industries, the cobalt-based alloys category will account for the greatest revenue share in 2022. Due to the hardness of the coating layer, high wear resistance, and high-temperature resistance, based alloys can be utilized to improve the surface characteristics of metal by laser cladding. This method extensively produces molds, vehicles, and steam turbines. Cobalt-based alloy coatings with laser cladding outperform original material in the automotive industry by five times. In the aerospace sector, applying laser cladding cobalt-based alloy technology can reduce the amount of alloy needed for molds by 50%, positively impacting the market growth.

Figure 1 Laser Cladding Market, by Material, 2022 & 2030 (USD billion)Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Laser Cladding Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. In 2022, Europe dominated the laser cladding industry, with approximately 45.80% of global revenue due to increasing demand for laser cladding technology in the mechanical engineering and automotive industries in this region's countries, particularly the United Kingdom, Germany, and France Europe is a key manufacturing location for companies such as Audi AG, Volkswagen Group, Fiat Chrysler Automobiles NV, and others. According to the European Automobile Manufacturers Association (ACEA), commercial vehicle manufacturing in Europe will increase by 4.9% in 2021 over the previous year. For Instance, in 2021, 13.7 million light motor vehicles were registered in Europe. Specific part development and optimization in the automobile sector have become crucial challenges. The use of laser cladding technology increases the cycle life of critical automotive components, making it popular in the automobile sector.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3 REAL ESTATE SOFTWARE MARKET SHARE BY REGION 2022 (%)Source Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia Pacific laser cladding market is expected to be the fastest-growing market during the forecast period, owing to increased expenditures in laser cladding technology and the development of laser cladding applications by numerous enterprises throughout the region, particularly in India, China, South Korea, and Japan. Furthermore, the growing automotive and aerospace sectors significantly need laser cladding in this region. China is one of the world's top car producers. Total car sales in China are predicted to reach 27.5 million units in 2022, according to the China Association of Automobile Manufacturers (CAAM). Additionally, increased expansion of the country's automotive industry is predicted to fuel market revenue growth. Further, the China laser cladding market held the largest market share, and the India laser cladding market was the fastest-growing market in the region.

North America laser cladding market is expected to grow at the fastest CAGR due to the significant demand for laser cladding in the aerospace, defense, and semiconductor sectors in nations around this area, particularly in the United States and Canada. The overall commercial aircraft fleet in the United States is estimated to reach 8,270 by 2037, according to the Federal Aviation Administration (FAA). The US president signed the National Defense Authorization Act (NDAA) in December 2021, approving USD 768.2 billion in military spending year 2022, including a 2.7% pay raise for service members. The country's expanding aerospace and military sectors will likely fuel market revenue growth. Further, the US laser cladding market held the largest market share, and the Canada laser cladding market was the fastest-growing market in the region.

Laser Cladding Key Market Players & Competitive Insights

Major market players are investing heavily in R&D to expand their product lines, which will help the laser cladding market develop even more. Market participants are also pursuing a variety of strategic activities to expand their global footprint, including contractual agreements, with key market developments, mergers and acquisitions, higher investments, and collaboration with other companies. To develop and thrive in a more competitive and rising market climate, competitors in the laser cladding industry must offer cost-effective goods.

One of the primary business strategies manufacturers adopt in the global laser cladding industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the laser cladding industry has offered some of the most important advancements to medicine. The laser cladding market major player such as TRUMPF (Germany), Coherent Inc. (US), LUMIBIRD (France), Alabama Specialty Products, and others are attempting to increase market demand by investing in research and development.

TRUMPF is a leading manufacturer of laser cladding systems. Laser cladding involves using a laser to melt and fuse a coating material onto a surface, typically to repair or enhance a component's surface properties. TRUMPF offers a range of laser cladding systems, including the TruLaser Cell Series 7040, designed for high-precision applications in tool and mold making, aerospace, and medical technology. For Instance, In August 2021, TRUMPF and STARMATIK, an Italian expert in robotic automation of sheet metal processing machinery, formed a strategic cooperation to automate bending machines.

Also, Coherent Inc. is another well-known manufacturer of laser cladding systems. They offer a range of systems designed for various applications, including surface modification, repair, and additive manufacturing. One of Coherent's laser cladding systems is the Meta-Lax Laser Cladding System, designed for high-speed, large-area cladding applications. For instance, in 2021, The VarioClad 1006 is a new laser cladding technology from Coherent. The system can process various materials and has a high degree of versatility.

Key Companies in the laser cladding market includes

• Höganäs AB (Sweden)


• OC Oerlikon Management AG (Switzerland)


• Titanova Inc. (US)


• YANMAR HOLDINGS CO. LTD (India)


• Hardchrome Engineering (Australia)


• Praxair S.T. Technology Inc. (US)


• JENOPTIK AG (Germany)


• TRUMPF (Germany)


• LaserBond Ltd (Australia)


• Coherent Inc. (US)


• LUMIBIRD (France)


• and Alabama Specialty Products Inc. (US)

Laser Cladding Industry Developments

• In April 2024, a Saudi property development company, ROSHN, signed a memorandum of understanding with Cisco to find out how IoT will work in sustainable smart buildings and also an upcoming innovation hub.


• Entrust unveiled a Post-Quantum Ready PKI platform that it described as commercially deployable with effect from January 2024. Such a device allows organizations to oversee and manage digital certificates aimed at enhancing communication security in the subsequent quantum computing age.


• In April 2024, Fortinet and IBM Cloud worked together to create the Fortinet Virtual FortiGate Security Appliance (FSA). This partnership was expected to be of help to the manufacturing sector since vFSA is capable of checking and controlling the flow of data over a network with applications in remote control and security of IoT devices.


• In December 2023, Cisco and Schneider Electric signed a Memorandum of Understanding with the aim of augmenting artificial intelligence and Internet of Things (IoT) innovation to provide effective digital solutions for governments and businesses in the EMEA region.


• In July 2023, Check Point and Cynerio allied to provide a full medical IoT security solution for safeguarding patient data and other critical business processes in healthcare.


• During the month of September in the year 2024, Oracle partnered with AWS to unveil Oracle Database@AWS, which allows clients to use Oracle autonomous database on dedicated infrastructure and oracle exadata database service on AWS. This provision will ensure optimal consistency between AWS and Oracle Cloud Infrastructure (OCI) while facilitating easier database management, billing and customer concerns handling.


• In May 2023, Configurable End Points, which are offered by AWS news, explain that it will be able to support the Transport Layer Security Standard ( TLS) 1.3. TLS 1.3 provides two fundamental fixes to the security and functionality of the protocol, ladies and gentlemen. The first is dropping unsupported cipher suites and ominous legacy features of past TLS versions whilst handshaking it requires to perform better.


• In February 2023, Cisco unveiled a large number of new cloud management services that are primarily targeted at the industrial Internet of Things. These solutions are intended to give users an easier time in merging IT and OT functions as they have improved control panels that are simple, straightforward, and user-friendly, which facilitates better monitoring and controlling of industrial systems.


• In July 2022, Microsoft launched Defender for IoT to protect any device besides PCs and smartphones, including printers and smart TVs. Microsoft Defender for IoT was launched in late 2021 and was also known as Azure Defender for IoT, which debuted in public preview in 2020. Prior to then, it was formally branded as Azure Security Center for IoT.

Laser Cladding Market Segmentation

Laser Cladding Type Outlook

• Diode laser


• Fiber laser


• YAG laser


• CO2 laser

Laser Cladding Revenue Outlook

• Laser revenue


• System revenue

Laser Cladding Material Outlook

• Cobalt-based


• Nickel-based


• Iron-based alloys

Laser Cladding Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America