From multi-billion dollar forecasts to the precise beams that power everything from your smartphone's facial recognition to life-saving medical procedures, the laser industry is not just growing—it's fundamentally reshaping modern manufacturing and technology.
Key Takeaways
- The global industrial lasers market size was valued at USD 14.56 billion in 2022 and is projected to reach USD 25.36 billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030.
- The laser processing market was estimated at USD 12.7 billion in 2023 and expected to grow to USD 22.4 billion by 2032 at a CAGR of 6.5%.
- Global fiber laser market size stood at USD 2.85 billion in 2022, projected to hit USD 5.23 billion by 2030 with a CAGR of 8.9%.
- Fiber laser market share held by Asia-Pacific region was 42% in 2022, driven by manufacturing hubs in China and Japan.
- CO2 lasers accounted for 35% of the industrial laser market revenue in 2023, primarily used in non-metal cutting.
- Fiber lasers represented 28% of global laser market in 2022, with highest growth due to efficiency over 40%.
- Laser welding applications dominated 42% of industrial laser use in 2023, especially automotive.
- Cutting segment accounted for 35% of laser processing market revenue in 2022, metals and non-metals.
- Medical aesthetics lasers held 28% share in medical laser market in 2023, hair removal and skin resurfacing.
- Coherent Inc. held 15% share of global industrial laser market in 2023, leader in fiber lasers.
- IPG Photonics commanded 22% of fiber laser market revenue in 2022, with 500 kW record power.
- Trumpf Group accounted for 18% in CO2 and disk lasers in 2023, TruDisk series dominant.
- Asia-Pacific region dominated with 41% of global laser market share in 2023, led by China.
- North America held 28% share of industrial lasers market in 2022, driven by aerospace demand.
- China accounted for 35% of fiber laser consumption in 2023, manufacturing boom.
The global laser industry is experiencing robust growth across all key market segments.
End-Use Applications
- Laser welding applications dominated 42% of industrial laser use in 2023, especially automotive.
- Cutting segment accounted for 35% of laser processing market revenue in 2022, metals and non-metals.
- Medical aesthetics lasers held 28% share in medical laser market in 2023, hair removal and skin resurfacing.
- Marking and engraving lasers comprised 22% of machine market in 2022, for traceability.
- Ophthalmic lasers represented 15% of medical lasers in 2023, for cataract and glaucoma treatments.
- Additive manufacturing lasers accounted for 18% industrial use in 2022, metal 3D printing.
- Semiconductor lithography lasers held 25% in electronics fab in 2023, excimer for 193 nm.
- Military targeting lasers comprised 20% of defense laser market in 2022, rangefinding and designation.
- Telecom fiber lasers used in 30% of DWDM systems in 2023, amplifying signals over 100 km.
- Scientific research ultrafast lasers for 12% of microscopy apps in 2022, two-photon imaging.
- Automotive LIDAR VCSELs in 40% of ADAS systems in 2023, detection range up to 200 m.
- Drilling lasers for oil & gas held 10% market in 2022, power >10 kW for rock perforation.
- Beauty & cosmetics lasers accounted for 32% aesthetics in 2023, fractional CO2 dominant.
- Display lasers (RGB) in 25% of cinema projectors in 2022, brightness >20,000 lumens.
- PCB laser drilling for 35% HDI boards in 2023, vias <30 μm diameter.
- Surgical lasers comprised 18% in dentistry in 2022, Er:YAG for enamel ablation.
- Quantum sensing lasers in 15% of gravimeters in 2023, precision <1 μGal.
- Leather processing lasers held 28% in fashion industry in 2022, engraving patterns.
- Photodynamic therapy lasers for 12% cancer treatments in 2023, 630 nm wavelength.
- Glass cutting lasers accounted for 20% flat panel display fab in 2022, score-and-break method.
- Aerospace turbine blade repair lasers in 14% maintenance in 2023, cladding thickness 0.5-2 mm.
End-Use Applications Interpretation
From the delicate finesse of engraving a surgeon's scalpel to the brute force of perforating rock and the meticulous layers of additive manufacturing, the modern world is quite literally being welded, carved, healed, and connected by a dazzling array of lasers, each precisely tuned to its task like a master craftsman's specialized tool.
Key Companies
- Coherent Inc. held 15% share of global industrial laser market in 2023, leader in fiber lasers.
- IPG Photonics commanded 22% of fiber laser market revenue in 2022, with 500 kW record power.
- Trumpf Group accounted for 18% in CO2 and disk lasers in 2023, TruDisk series dominant.
- Lumentum Holdings captured 12% of VCSEL market in 2022, for 3D sensing modules.
- II-VI Incorporated (now Coherent) held 14% in diode lasers in 2023, high-power bars.
- Jenoptik AG represented 9% in medical lasers in 2022, VYDIA for aesthetics.
- NKT Photonics had 11% share in ultrafast lasers in 2023, ORIGAMI series <100 fs.
- Hamamatsu Photonics accounted for 16% excimer lasers in 2022, for lithography.
- Newport Corporation (MKS Instruments) held 10% solid-state lasers in 2023, Spectra-Physics brand.
- Thorlabs Inc. captured 8% in tunable lasers in 2022, narrow linewidth sources.
- Trumpf Laser Marking Systems led 20% marking machine market in 2023, VisionLine software.
- Bystronic Laser AG held 13% laser cutting machines in 2022, ByCut Fiber series.
- IPG Photonics YLR series fiber lasers powered 25% automotive welding in 2023.
- Coherent Armonico ultrafast lasers used in 15% micromachining apps in 2022.
- Lumentum VCSEL arrays supplied 30% Apple Face ID modules in 2023.
- ASML's excimer lasers from Cymer (Coherent) in 90% EUV lithography tools in 2022.
- nLIGHT Inc. held 12% direct diode lasers in 2023, pearl series >45% efficiency.
- Lumibird (Quantel) accounted for 10% Q-switched lasers in 2022, for LIBS.
- Novanta Photonics (Laser Quantum) led 14% in dental lasers in 2023.
- Jenoptik's JENarq diode lasers in 18% cladding apps in 2022.
Key Companies Interpretation
The laser industry's 2023 market shares paint a landscape of fierce specialization, where giants like Coherent and IPG anchor broad categories, but the real competition is a high-stakes game of niches—be it Trumpf's disks dominating factories, Lumentum's VCSELs unlocking your phone, or Cymer's lights powering the world's most advanced chipmaking tools.
Laser Types
- Fiber laser market share held by Asia-Pacific region was 42% in 2022, driven by manufacturing hubs in China and Japan.
- CO2 lasers accounted for 35% of the industrial laser market revenue in 2023, primarily used in non-metal cutting.
- Fiber lasers represented 28% of global laser market in 2022, with highest growth due to efficiency over 40%.
- Diode lasers captured 22% market share in medical applications in 2023, favored for portability.
- Solid-state lasers held 18% share in the ultrafast laser segment in 2022, used in micromachining.
- Excimer lasers comprised 12% of semiconductor manufacturing lasers in 2023, essential for lithography.
- VCSELs accounted for 45% of laser diodes used in 3D sensing in 2022, powering facial recognition.
- Quantum cascade lasers made up 15% of mid-IR laser market in 2023, applied in spectroscopy.
- Direct diode lasers held 10% share in high-power industrial apps in 2022, with wall-plug efficiency >50%.
- Disk lasers represented 8% of fiber laser variants in 2023, used in automotive welding.
- Blue lasers occupied 20% of high-brightness diode segment in 2022, for copper processing.
- Tunable diode lasers accounted for 25% of telecom lasers in 2023, enabling DWDM systems.
- Nd:YAG solid-state lasers held 30% in marking applications in 2022, wavelength 1064 nm.
- Erbium-doped fiber lasers comprised 15% of telecom fiber lasers in 2023, at 1550 nm band.
- Femtosecond ultrafast lasers made up 40% of scientific research lasers in 2022, pulse <400 fs.
- Distributed feedback (DFB) lasers held 35% in sensing applications in 2023, narrow linewidth <1 MHz.
- High-power diode bars represented 50% of pumping sources for solid-state lasers in 2022.
- Slab lasers accounted for 12% of industrial high-power lasers in 2023, for thick metal cutting.
- Gas lasers (HeNe) held 5% niche in alignment tools in 2022, continuous wave output.
- UV lasers (355 nm) comprised 22% of PCB drilling lasers in 2023, for fine vias <50 μm.
- Raman lasers made up 10% of spectroscopy lasers in 2022, shift detection capabilities.
- Single-frequency lasers held 18% in LIDAR automotive apps in 2023, coherence length >1 km.
- Thulium fiber lasers represented 7% of mid-IR lasers in 2022, emitting at 2 μm wavelength.
Laser Types Interpretation
It seems the laser industry has perfected the art of market fragmentation, proving that for every precise industrial task—from cutting sheet metal to scanning your face—there exists an equally specific laser variant zealously guarding its niche slice of the revenue pie.
Market Overview
- The global industrial lasers market size was valued at USD 14.56 billion in 2022 and is projected to reach USD 25.36 billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030.
- The laser processing market was estimated at USD 12.7 billion in 2023 and expected to grow to USD 22.4 billion by 2032 at a CAGR of 6.5%.
- Global fiber laser market size stood at USD 2.85 billion in 2022, projected to hit USD 5.23 billion by 2030 with a CAGR of 8.9%.
- The medical lasers market was valued at USD 4.6 billion in 2022 and anticipated to grow at a CAGR of 10.2% to reach USD 10.8 billion by 2030.
- Laser diodes market size reached USD 7.8 billion in 2022, expected to expand to USD 15.4 billion by 2031 at CAGR 7.9%.
- CO2 laser market valued at USD 3.2 billion in 2023, projected to reach USD 5.1 billion by 2030 at CAGR 6.8%.
- Ultrafast lasers market size was USD 1.02 billion in 2022, forecasted to grow to USD 2.15 billion by 2030 at CAGR 9.9%.
- Semiconductor lasers market estimated at USD 11.5 billion in 2023, expected to reach USD 20.3 billion by 2032.
- Laser projector market size stood at USD 4.1 billion in 2022, projected to USD 8.7 billion by 2030 at CAGR 9.8%.
- Excimer laser market valued at USD 1.2 billion in 2023, anticipated to grow to USD 2.0 billion by 2031 at CAGR 6.7%.
- Solid-state lasers market size was USD 2.4 billion in 2022, expected to reach USD 4.1 billion by 2030.
- Laser cutting machines market reached USD 5.3 billion in 2023, projected to USD 9.2 billion by 2030 at CAGR 8.1%.
- Quantum cascade laser market size estimated at USD 285 million in 2022, growing to USD 612 million by 2030.
- Laser rangefinder market valued at USD 1.8 billion in 2023, expected to hit USD 3.1 billion by 2032.
- Vertical cavity surface emitting laser (VCSEL) market size was USD 1.6 billion in 2022, projected to USD 5.3 billion by 2030 at CAGR 16.2%.
- Distributed feedback laser (DFB) market reached USD 450 million in 2023, anticipated to grow to USD 820 million by 2030.
- Laser designationator market size stood at USD 120 million in 2022, expected to reach USD 210 million by 2030.
- Fiber coupled laser diode market valued at USD 1.1 billion in 2023, projected to USD 2.4 billion by 2031.
- Laser marking machine market size was USD 2.9 billion in 2022, growing to USD 5.6 billion by 2030 at CAGR 8.7%.
- High power laser diode market estimated at USD 500 million in 2023, expected to USD 1.2 billion by 2032.
- Laser cladding market size reached USD 1.4 billion in 2022, projected to USD 2.8 billion by 2030.
- Tunable laser market valued at USD 650 million in 2023, anticipated to grow to USD 1.3 billion by 2031.
- Laser gyro market size was USD 1.05 billion in 2022, expected to reach USD 1.9 billion by 2030 at CAGR 7.8%.
- Direct diode laser market estimated at USD 800 million in 2023, projected to USD 1.7 billion by 2032.
- Laser dazzling system market size stood at USD 250 million in 2022, growing to USD 450 million by 2030.
- Blue laser diode market valued at USD 300 million in 2023, expected to USD 750 million by 2031 at CAGR 12.3%.
- Laser beam profiler market size was USD 120 million in 2022, projected to USD 220 million by 2030.
- Laser safety eyewear market reached USD 450 million in 2023, anticipated to USD 820 million by 2032.
- Laser interferometer market size estimated at USD 550 million in 2022, growing to USD 1.0 billion by 2030.
- Laser level market valued at USD 1.2 billion in 2023, expected to reach USD 2.1 billion by 2031.
Market Overview Interpretation
It seems the world is collectively getting its act together with a focus so sharp and growth so bright, you'd think we were all being guided by lasers themselves.
Regional Analysis
- Asia-Pacific region dominated with 41% of global laser market share in 2023, led by China.
- North America held 28% share of industrial lasers market in 2022, driven by aerospace demand.
- China accounted for 35% of fiber laser consumption in 2023, manufacturing boom.
- Europe represented 25% medical lasers market in 2022, advanced healthcare infrastructure.
- Japan held 18% ultrafast lasers market share in 2023, R&D investments.
- USA laser industry employed over 45,000 workers in 2022, generating USD 15B revenue.
- Germany captured 22% CO2 laser production in Europe 2023, Trumpf headquarters.
- South Korea VCSEL market grew 20% YoY in 2022, Samsung displays.
- India laser processing market CAGR 12% from 2023-2030, Make in India initiative.
- Middle East laser cutting market valued at USD 450M in 2022, oil & gas drilling.
- Brazil medical lasers imports rose 15% in 2023, aesthetics demand.
- Taiwan semiconductor lasers 30% global supply in 2022, TSMC fabs.
- Russia defense lasers exports USD 200M in 2023, rangefinders.
- Australia mining laser drilling pilots 10 sites in 2022, cost savings 20%.
- ASEAN region fiber lasers grew 14% CAGR 2023-2030, electronics assembly.
- UK photonics industry contributed GBP 13B to economy in 2022, 70K jobs.
- Mexico automotive laser welding 25% adoption rate in 2023, nearshoring.
- Singapore VCSEL R&D funding USD 50M in 2022, A*STAR labs.
- South Africa laser cladding for mining tools 15% market penetration 2023.
Regional Analysis Interpretation
In a dazzling global light show, Asia-Pacific holds the laser-pointer of power with a 41% market stranglehold, proving that from Chinese factories to South Korean displays and Taiwan's semiconductor fabs, the East is decidedly lit, while the West sharpens its own high-tech scalpels through American aerospace, German engineering, and a British photonics sector that’s not just a flash in the pan.
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