レーザー加工市場 – 2032年までの世界予測

Laser Processing Market - Global Forecast to 2032

レーザー加工市場 - レーザーの種類(ファイバー、ルビー、YAG、半導体、薄ディスク、CO2、エキシマ、ヘリウムネオン、アルゴン、化学、液体、X線、フォトニック結晶、短パルス)、構成(固定、移動、ハイブリッド)、コンポーネント - 2032年までの世界予測
Laser Processing Market by Laser type (Fiber, Ruby, YAG, Semiconductor, Thin-disk, CO2, Excimer, Helium-neon, Argon, Chemical, Liquid, X-ray, Photonic Crystal, Short-pulse), Configuration (Fixed, Moving, Hybrid), Component - Global Forecast to 2032

商品番号 : SMB-52959

出版社MarketsandMarkets
出版年月2025年6月
ページ数325
図表数367
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートでは、レーザー加工市場をコンポーネント(レーザーやレーザーシステムなどの各種コンポーネントに関する定性データ)、レーザーの種類(固体レーザー(ファイバー、ルビー、YAG、半導体、薄ディスクレーザー)、ガスレーザー(CO₂レーザー、エキシマレーザー、ヘリウムネオンレーザー、アルゴンレーザー、化学レーザー)、液体レーザー、その他のレーザー種類)、構成(固定ビーム、移動ビーム、ハイブリッド)、用途(切断、溶接、穴あけ、マーキング&彫刻、高度加工、その他の用途)、エンドユーザー(マイクロエレクトロニクス&半導体、自動車、医療&ライフサイエンス、航空宇宙、建築&建設、その他のエンドユーザー)、地域(北米、欧州、アジア太平洋、その他の地域)別に分類しています。レポートの範囲には、レーザー加工市場の成長に影響を与える推進要因、制約、課題、機会などの主要要因に関する詳細情報が含まれています。

主要業界プレーヤーの詳細な分析を行い、事業概要、ソリューション、製品、主要戦略、契約、パートナーシップ、合意、新製品の発売、合併・買収、そしてレーザー加工市場に関連するその他の最近の動向に関する洞察を提供しています。本レポートは、レーザー加工市場エコシステムにおける新興企業の競争力分析を網羅しています。

The laser processing market is valued at USD 7.17 billion in 2025 and is projected to reach USD 11.89 billion by 2032, registering a CAGR of 8.5% during the forecast period. Laser processing is a highly precise, versatile, and efficient method used in various industries for surface treatment and engraving. In the automotive sector, laser surface treatment techniques prepare surfaces for painting, improve adhesion, and enhance functional properties, such as corrosion and wear resistance. Laser engraving identifies, brands, and customizes components, including engine parts, chassis components, and interior trim. This provides permanent and high-contrast markings. In the electronics industry, laser surface treatment techniques are applied for micro-structuring and texturing of substrates, improving adhesion and electrical properties in devices such as circuit boards and semiconductor components. It is also utilized for marking and cutting precision components, including microchips and electronic housings.

レーザー加工市場は2025年に71億7,000万米ドルと評価され、2032年までに118億9,000万米ドルに達し、予測期間中に8.5%のCAGRを記録すると予測されています。レーザー加工は、さまざまな業界で表面処理や彫刻に使用されている高精度で汎用性が高く効率的な方法です。自動車分野では、レーザー表面処理技術により塗装面の準備、接着性の向上、耐腐食性や耐摩耗性などの機能特性の強化が行われます。レーザー彫刻は、エンジン部品、シャーシ部品、内装などの部品を識別、ブランド化、カスタマイズします。これにより、恒久的で高コントラストのマーキングが実現します。エレクトロニクス業界では、レーザー表面処理技術は基板の微細構造化やテクスチャリングに使用され、回路基板や半導体部品などのデバイスの接着性と電気特性が向上します。また、マイクロチップや電子ハウジングなどの精密部品のマーキングや切断にも活用されています。

レーザー加工市場 - 2032年までの世界予測
Laser-Cutting-Boring-and-Engraving-Machines-Market

“Gas laser segment expected to account for second-largest market share during forecast period”

Gas lasers utilize gaseous compounds as their lasing medium and are recognized for their stable performance, excellent beam quality, and suitability across a broad range of precision applications. Common types include CO₂ lasers, excimer lasers, helium-neon lasers, argon lasers, and chemical lasers. Each serves distinct roles in industrial, medical, and scientific sectors. CO₂ lasers are widely used in material processing, such as cutting, welding, and engraving, due to their high efficiency and ability to process non-metallic materials. Excimer lasers operate in the ultraviolet spectrum and are favored in photolithography, micromachining, and ophthalmic surgery. Helium-neon lasers, although low in power, provide exceptionally stable red laser beams, making them ideal for optical alignment, interferometry, and metrology. Argon lasers emit blue and green light with high power and narrow spectral lines, finding use in medical treatments, fluorescence imaging, and spectroscopy. Chemical lasers, on the other hand, are high-energy systems employed in defense and aerospace for their capability to deliver intense energy bursts through chemical reactions.

“Automotive end user expected to grow at second-highest CAGR in laser processing market”

Laser processing plays a vital role in advancing the automotive industry by enabling high-precision manufacturing, enhanced production speed, and improved material efficiency. In automotive applications, lasers are widely used for cutting, welding, engraving, and surface treatment of metals and composites, which are essential for manufacturing vehicle components such as body panels, powertrain systems, and battery enclosures. The combined effect of rising EV adoption, supportive public funding, and technological advancements is positioning laser processing as a cornerstone of modern automotive manufacturing. As suppliers and OEMs scale up their operations to meet evolving EV requirements, demand for laser solutions is expected to rise significantly. This will create new growth opportunities for laser processing providers, particularly those offering solutions tailored for high-speed, scalable, and efficient EV manufacturing processes.

レーザー加工市場 - 2032年までの世界予測 region
Laser-Cutting-Boring-and-Engraving-Machines-Market-region

“Germany to dominate laser processing market in Europe”

Germany’s laser processing market is driven by its strong industrial foundation, focus on innovation, and continued investment in advanced manufacturing technologies. The country’s automotive, machinery, electronics, and medical sectors are increasingly integrating laser systems to improve precision, efficiency, and material handling in production processes. In the automotive industry, lasers are used for welding lightweight structures and processing electric vehicle components. The machinery & equipment sector depends on laser solutions for fabricating complex parts with high strength and accuracy. In electronics, laser systems are vital for micro-cutting, marking, and assembly of compact components. Meanwhile, the medical and photonics industries are leveraging advanced laser technologies for imaging, diagnostics, and surgical applications, supporting Germany’s leadership in high-end research and healthcare technologies.

  • By Company Type: Tier 1 – 25%, Tier 2 – 40%, and Tier 3 – 35%
  • By Designation: Managers – 32%, Directors – 30%, and Others – 38%
  • By Region: North America – 20%, Europe – 40%, Asia Pacific – 35%, and RoW – 5%

Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), JENOPTIK AG (Germany), Fives (France), AXBIS (South Korea), Lumentum Operations LLC (US), Gravotech, Inc. (France), and LaserStar Technologies (US) are some of the key players in the laser processing market.

レーザー加工市場 - 2032年までの世界予測 ecosystem
Laser-Cutting-Boring-and-Engraving-Machines-Market-ecosystem

The study includes an in-depth competitive analysis of these key players in the laser processing market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the laser processing market by component (Qualitative data regarding various components such as lasers and laser systems), laser type (Solid Lasers (Fiber, Ruby, YAG, Semiconductor, Thin-disk Lasers), Gas Lasers (CO₂ Lasers, Excimer Lasers, Helium Neon Lasers, Argon Lasers, Chemical Lasers), Liquid Lasers, and Other Laser Types), configuration (Fixed Beam, Moving Beam, Hybrid), application (Cutting, Welding, Drilling, Marking & Engraving, Advanced Processing, and Other Applications), end user (Microelectronics & Semiconductor, Automotive, Medical & Life Sciences, Aerospace, Architecture & Construction, Other End Users), and by region (North America, Europe, Asia Pacific, and RoW). The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the laser processing market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and products; key strategies; contracts, partnerships, agreements; new product launches; mergers & acquisitions; and other recent developments associated with the laser processing market. This report covers the competitive analysis of upcoming startups in the laser processing market ecosystem.

Reasons to buy this report

The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall laser processing market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Transition from traditional material processing methods to advanced laser-based solutions, Increasing dependence on laser technologies for nano and micro-scale manufacturing, and Expanding application of lasers in marking and coding operations), restraints (Significant R&D investments and high initial deployment costs), opportunities (Expanding use of laser technologies in automotive sector, Expanding role of laser technologies in scientific and research institutes), and challenges (Environmental concerns due to reliance on rare-earth elements in laser technologies) influencing the growth of the laser processing market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the laser processing market
  • Market Development: Comprehensive information about lucrative markets–the report analyses the laser processing market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the laser processing market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), JENOPTIK AG (Germany), Fives (France), AXBIS (South Korea), Lumentum Operations LLC (US), Gravotech, Inc. (France), and LaserStar Technologies (US), among others, in the laser processing market.

Table of Contents

1               INTRODUCTION              29

1.1           STUDY OBJECTIVES       29

1.2           MARKET DEFINITION   29

1.3           STUDY SCOPE   30

1.3.1        INCLUSIONS AND EXCLUSIONS 30

1.3.2        MARKETS COVERED AND REGIONAL SCOPE      31

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            32

1.5           UNITS CONSIDERED      32

1.6           LIMITATIONS    32

1.7           STAKEHOLDERS               32

1.8           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    List of major secondary sources         35

2.1.1.2    Key data from secondary sources       35

2.1.2        PRIMARY DATA 36

2.1.2.1    Intended participants and key opinion leaders in primary interviews               36

2.1.2.2    List of major participants in primary interviews              36

2.1.2.3    Key data from primary sources           37

2.1.2.4    Breakdown of primaries      37

2.1.2.5    Key industry insights           38

2.1.3        SECONDARY AND PRIMARY RESEARCH 39

2.2           MARKET SIZE ESTIMATION         39

2.2.1        BOTTOM-UP APPROACH              41

2.2.1.1    Approach to arrive at market size using bottom-up analysis

(demand side)       41

2.2.2        TOP-DOWN APPROACH                42

2.2.2.1    Approach to arrive at market size using top-down analysis

(supply side)         42

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 43

2.4           RESEARCH ASSUMPTIONS           44

2.5           RISK ASSESSMENT           44

2.6           STUDY LIMITATIONS    44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER PROCESSING MARKET   49

4.2           LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY AND END USER           50

4.3           LASER PROCESSING MARKET IN ASIA PACIFIC, BY END USER     50

4.4           LASER PROCESSING MARKET, BY COUNTRY       51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       52

5.2.1        DRIVERS               53

5.2.1.1    Growing integration of laser technologies in precision healthcare

and tailored treatments        53

5.2.1.2    Transition from traditional material processing methods to

advanced laser-based solutions          53

5.2.1.3    Increasing dependence on laser technologies for nano and

micro-scale manufacturing 54

5.2.1.4    Expanding applications in marking and coding operations                 55

5.2.2        RESTRAINTS      56

5.2.2.1    Significant R&D investment and initial deployment costs                 56

5.2.2.2    Limited availability of skilled laser technicians                56

5.2.3        OPPORTUNITIES              57

5.2.3.1    Expanding use of laser technologies in automotive sector                 57

5.2.3.2    Growing adoption to enhance design, functionality,

and personalization of consumer goods            58

5.2.3.3    Expanding role in scientific research and innovation      58

5.2.4        CHALLENGES    59

5.2.4.1    Environmental concerns due to reliance on rare-earth elements                 59

5.2.4.2    Technical limitations in high-power laser integration    60

5.3           VALUE CHAIN ANALYSIS               61

5.4           ECOSYSTEM ANALYSIS  62

5.5           INVESTMENT AND FUNDING SCENARIO               64

5.6           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            64

5.7           TECHNOLOGY ANALYSIS             65

5.7.1        KEY TECHNOLOGIES     65

5.7.1.1    Machine learning & artificial intelligence         65

5.7.1.2    Additive manufacturing       65

5.7.2        COMPLEMENTARY TECHNOLOGIES       66

5.7.2.1    LiDAR    66

5.7.3        ADJACENT TECHNOLOGIES       66

5.7.3.1    Fiber optics            66

5.8           PORTER’S FIVE FORCES ANALYSIS           67

5.8.1        THREAT OF NEW ENTRANTS      67

5.8.2        THREAT OF SUBSTITUTES          68

5.8.3        BARGAINING POWER OF SUPPLIERS       68

5.8.4        BARGAINING POWER OF BUYERS             69

5.8.5        INTENSITY OF COMPETITIVE RIVALRY 69

5.9           CASE STUDY ANALYSIS 70

5.10         TRADE ANALYSIS             74

5.10.1      IMPORT SCENARIO (HS CODE 901320)    74

5.10.2      EXPORT SCENARIO (HS CODE 901320)    75

5.11         PRICING ANALYSIS          76

5.11.1      AVERAGE SELLING PRICE TREND, BY LASER TYPE, 2022–2024        76

5.11.2      AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS,

BY LASER TYPE, 2024       77

5.11.3      AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024                 78

5.12         PATENT ANALYSIS          79

5.13         KEY CONFERENCES AND EVENTS, 2025–2026        83

5.14         REGULATORY LANDSCAPE         84

5.14.1      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  84

5.14.2      STANDARDS      86

5.14.2.1  IEC 60825-1:2014                 86

5.14.2.2  ANSI Z136.1          87

5.14.2.3  Federal Laser Product Performance Standard (FLPPS)                 87

5.14.2.4  International Commission on Non-ionizing Radiation Protection (ICNIRP) (2013) 87

5.14.2.5  EN 60825 – Safety of Laser Products                87

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     88

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           88

5.15.2      BUYING CRITERIA           89

5.16         IMPACT OF AI   89

5.16.1      INTRODUCTION              89

5.16.2      IMPACT ON LASER PROCESSING MARKET            90

5.16.3      TOP USE CASES & MARKET POTENTIAL                 90

5.17         2025 US TARIFF IMPACT ON LASER PROCESSING MARKET               92

5.17.1      INTRODUCTION              92

5.17.2      KEY TARIFF RATES          93

5.17.3      PRICE IMPACT ANALYSIS             93

5.17.4      KEY IMPACTS ON COUNTRIES/REGIONS              94

5.17.4.1  US           94

5.17.4.2  Europe   95

5.17.4.3  Asia Pacific            96

5.17.5      IMPACT ON END-USE INDUSTRIES          97

6               COMPONENTS OF LASER PROCESSING 99

6.1           INTRODUCTION              99

6.2           LASERS 99

6.3           LASER SYSTEMS                100

7               LASER PROCESSING MARKET, BY LASER TYPE   101

7.1           INTRODUCTION              102

7.2           SOLID LASERS   104

7.2.1        RISING DEMAND FOR PRECISION MANUFACTURING FUELING

SEGMENTAL GROWTH  104

7.2.2        FIBER LASERS    105

7.2.3        RUBY LASERS     106

7.2.4        YAG LASERS       106

7.2.5        SEMICONDUCTOR LASERS          106

7.2.6        THIN-DISK LASERS          107

7.3           GAS LASERS        107

7.3.1        ADVANCEMENTS IN PHOTOLITHOGRAPHY AND LASER SURGERY

DRIVING GROWTH          107

7.3.2        CO2 LASERS        109

7.3.3        EXCIMER LASERS              109

7.3.4        HELIUM-NEON LASERS 110

7.3.5        ARGON LASERS 110

7.3.6        CHEMICAL LASERS          111

7.4           LIQUID LASERS 111

7.4.1        RISING ADOPTION IN MEDICAL AND COSMETIC TREATMENTS TO

SUPPORT MARKET GROWTH     111

7.5           OTHER LASER TYPES     112

7.5.1        INCREASING USE OF X-RAY LASERS IN ADVANCED MANUFACTURING TO

FUEL MARKET GROWTH               112

8               LASER PROCESSING MARKET, BY CONFIGURATION                 114

8.1           INTRODUCTION              115

8.2           FIXED BEAMS    116

8.2.1        ADVANCEMENTS IN MOTION CONTROL AND CNC SYSTEMS TO

SUPPORT MARKET GROWTH     116

8.3           MOVING BEAMS               117

8.3.1        GOVERNMENT INVESTMENTS SUPPORTING SMART MANUFACTURING INITIATIVES TO FUEL MARKET GROWTH                 117

8.4           HYBRID BEAMS 118

8.4.1        GROWING DEMAND FOR MULTIFUNCTIONAL MANUFACTURING SYSTEMS

TO FUEL SEGMENTAL GROWTH               118

9               LASER PROCESSING MARKET, BY APPLICATION                 120

9.1           INTRODUCTION              121

9.2           CUTTING             122

9.2.1        ADVANCEMENTS IN MANUFACTURING SECTOR DRIVING

SEGMENTAL GROWTH  122

9.3           WELDING            123

9.3.1        GROWTH IN ELECTRIC VEHICLE AND BATTERY PRODUCTION TO

DRIVE MARKET GROWTH            123

9.4           DRILLING            123

9.4.1        GROWING DEMAND FOR PRECISION MICROVIA AND HOLE

DRILLING FUELING MARKET GROWTH 123

9.5           MARKING & ENGRAVING              124

9.5.1        RISING USE OF LASER ENGRAVING IN MEDICAL DEVICE PRODUCTION

FOR PRECISION AND STERILITY DRIVING GROWTH        124

9.6           ADVANCED PROCESSING             125

9.6.1        ADVANCEMENTS IN ADDITIVE MANUFACTURING TECHNOLOGIES IN INDUSTRIAL AND HEALTHCARE SECTORS TO FUEL MARKET GROWTH       125

9.7           OTHER APPLICATIONS 125

9.7.1        ADVANCEMENTS IN LASER ABLATION AND LASER-BASED SURFACE STRUCTURING TECHNIQUES TO SUPPORT MARKET GROWTH          125

10            LASER PROCESSING MARKET, BY END USER       126

10.1         INTRODUCTION              127

10.1.1      KEY COMPETITORS        129

10.2         MICROELECTRONICS & SEMICONDUCTORS       130

10.2.1      MINIATURIZATION OF ELECTRONIC COMPONENTS AND INCREASED

CIRCUIT COMPLEXITY DRIVING DEMAND           130

10.2.2      CASE STUDY ANALYSIS 134

10.2.3      PCB DRILLING & CUTTING          136

10.2.4      WAFER DICING 136

10.2.5      OLED DISPLAY PATTERNING     136

10.2.5.1  List of clients in microelectronics & semiconductors industry                 137

10.3         AUTOMOTIVE   137

10.3.1      RISING DEMAND FOR ELECTRIC VEHICLES DRIVING MARKET GROWTH          137

10.3.2      CASE STUDY ANALYSIS 142

10.3.3      BODY PANEL WELDING                143

10.3.4      BATTERY WELDING       143

10.3.5      PLASTIC COMPONENT MARKING             144

10.3.5.1  List of clients in automotive industry                144

10.4         MEDICAL & LIFE SCIENCES          145

10.4.1      RISING DEMAND FOR PRECISION AND MINIATURIZATION IN MEDICAL DEVICES FUELING MARKET GROWTH             145

10.4.2      CASE STUDY ANALYSIS 149

10.4.3      MEDICAL DEVICE MANUFACTURING     151

10.4.4      LASER MICROMACHINING FOR STENTS                151

10.4.5      DNA AND CELL MANIPULATION              151

10.4.5.1  List of clients in medical & life science industry              152

10.5         AEROSPACE       152

10.5.1      RISING USE OF COMPOSITE AND HIGH-PERFORMANCE MATERIALS TO FUEL DEMAND 152

10.5.2      CASE STUDY ANALYSIS 156

10.5.3      AIRCRAFT COMPONENT WELDING         157

10.5.4      COMPOSITE MATERIAL PROCESSING    158

10.5.5      LASER RANGE FINDERS & TARGETING SYSTEMS                 158

10.5.5.1  List of clients in aerospace industry  158

10.6         ARCHITECTURE & CONSTRUCTION        159

10.6.1      NEED FOR ACCURATE CUTTING, WELDING, AND ENGRAVING IN

COMPLEX ARCHITECTURAL DESIGNS TO DRIVE MARKET                 159

10.6.2      CASE STUDY ANALYSIS 163

10.6.3      DECORATIVE LASER CUTTING  163

10.6.4      INTERIOR & FACADE ENGRAVING            163

10.6.4.1  List of clients in architecture & construction industry   164

10.7         OTHER END USERS         164

10.7.1      STRICT TRACEABILITY AND MARKING STANDARDS IN

DEFENSE SECTOR SUPPORTING MARKET GROWTH        164

10.7.2      CASE STUDY ANALYSIS 168

10.7.2.1  List of clients in other end users        170

11            LASER PROCESSING MARKET, BY REGION            171

11.1         INTRODUCTION              172

11.2         NORTH AMERICA             173

11.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 174

11.2.2      US           177

11.2.2.1  Growing need for micro-processing in electronics manufacturing to drive market growth        177

11.2.3      CANADA               178

11.2.3.1  Increased investment in laser technology startups and R&D to

boost market growth             178

11.2.4      MEXICO                180

11.2.4.1  Development of smart manufacturing hubs to foster revenue growth    180

11.3         EUROPE               181

11.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      183

11.3.2      UK          186

11.3.2.1  Rising investments in photonics and laser research and development propelling market growth            186

11.3.3      GERMANY           187

11.3.3.1  Presence of leading laser processing manufacturers and startups to complement revenue growth          187

11.3.4      FRANCE                189

11.3.4.1  Growing pharmaceutical and textile sectors adopting ultra-fast laser marking to propel market growth              189

11.3.5      ITALY    190

11.3.5.1  Expansion of local distribution through international laser technology partnerships driving market growth              190

11.3.6      SPAIN    191

11.3.6.1  EU recovery funds supporting high-tech industrial transformation initiatives driving market growth            191

11.3.7      NETHERLANDS 192

11.3.7.1  Growth in high-tech and precision manufacturing industries to support market growth        192

11.3.8      SWITZERLAND 193

11.3.8.1  Strong foundation in precision engineering and photonics innovation to contribute to market growth       193

11.3.9      POLAND               194

11.3.9.1  Growing demand for precision manufacturing in electronics and semiconductors to drive market growth            194

11.3.10   NORDICS             196

11.3.10.1                 Expansion of battery manufacturing and clean energy industries to fuel demand   196

11.3.11   REST OF EUROPE             197

11.4         ASIA PACIFIC     198

11.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 200

11.4.2      CHINA  203

11.4.2.1  Growth in electric vehicle battery manufacturing technologies to boost market growth             203

11.4.3      JAPAN   204

11.4.3.1  Presence of well-established manufacturing sector to offer lucrative growth opportunities            204

11.4.4      SOUTH KOREA  206

11.4.4.1  Advancement in additive manufacturing and 3D printing technologies to anticipate positive market growth          206

11.4.5      INDIA    207

11.4.5.1  Growing presence of international laser technology providers boosting market growth       207

11.4.6      AUSTRALIA         208

11.4.6.1  Growing adoption in advanced manufacturing boosting market growth    208

11.4.7      INDONESIA        209

11.4.7.1  Government focus on semiconductor industry development to

fuel market growth in near future      209

11.4.8      MALAYSIA           210

11.4.8.1  Presence of specialized local suppliers to create lucrative growth opportunities         210

11.4.9      THAILAND          211

11.4.9.1  Technology transfer from South Korean chipmaker to support market growth       211

11.4.10   VIETNAM             212

11.4.10.1                 Expansion of battery manufacturing requiring precision laser processing solutions to fuel market growth             212

11.4.11   REST OF ASIA PACIFIC   213

11.5         REST OF THE WORLD    214

11.5.1      MACROECONOMIC OUTLOOK FOR ROW              215

11.5.2      MIDDLE EAST   217

11.5.2.1  Bahrain  219

11.5.2.1.1                Strategic focus on industrial modernization driving demand for laser processing                219

11.5.2.2  Kuwait    219

11.5.2.2.1                Policies under Kuwait Vision 2035 strategy to support market growth       219

11.5.2.3  Oman     219

11.5.2.3.1                Strategic investments to drive economic growth supporting market growth  219

11.5.2.4  Qatar      220

11.5.2.4.1                Investment in advanced manufacturing and clean energy transition to contribute to market growth            220

11.5.2.5  Saudi Arabia          220

11.5.2.5.1                Expansion of domestic manufacturing capabilities in advanced technologies to fuel market growth  220

11.5.2.6  UAE        221

11.5.2.6.1                Investment in advanced battery manufacturing technologies to fuel market growth   221

11.5.2.7  Rest of Middle East              221

11.5.2.7.1                Growth in aerospace, defense, and medical device industries to drive demand 221

11.5.3      SOUTH AMERICA             221

11.5.3.1  Major industrial trade fairs promoting technology awareness

to support growth of laser processing                221

11.5.4      AFRICA 222

11.5.4.1  South Africa           224

11.5.4.1.1                Rising venture capital in ICT sector boosting technology adoption 224

11.5.4.2  Other African countries      224

11.5.4.2.1                Growing emphasis on industrial automation and

smart manufacturing solutions to drive market               224

12            COMPETITIVE LANDSCAPE         225

12.1         OVERVIEW          225

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 225

12.3         REVENUE ANALYSIS, 2020–2024  228

12.4         MARKET SHARE ANALYSIS, 2024                 228

12.5         COMPANY VALUATION AND FINANCIAL METRICS                 230

12.6         BRAND/PRODUCT COMPARISON             231

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 232

12.7.1      STARS   232

12.7.2      EMERGING LEADERS     232

12.7.3      PERVASIVE PLAYERS      232

12.7.4      PARTICIPANTS 232

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         234

12.7.5.1  Company footprint               234

12.7.5.2  Region footprint   235

12.7.5.3  Laser type footprint              236

12.7.5.4  Application footprint            237

12.7.5.5  End user footprint                 238

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        239

12.8.1      PROGRESSIVE COMPANIES         239

12.8.2      RESPONSIVE COMPANIES            239

12.8.3      DYNAMIC COMPANIES  239

12.8.4      STARTING BLOCKS         239

12.8.5      COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2024        240

12.8.5.1  Detailed list of startups/SMEs           240

12.8.5.2  Competitive benchmarking of key startups/SMEs          241

12.9         COMPETITIVE SCENARIO             242

12.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               242

12.9.2      DEALS  248

12.9.3      EXPANSIONS     249

13            COMPANY PROFILES      250

13.1         KEY PLAYERS     250

13.1.1      COHERENT CORP.           250

13.1.1.1  Business overview 250

13.1.1.2  Products/Solutions/Services offered 251

13.1.1.3  Recent developments           254

13.1.1.3.1                Product launches  254

13.1.1.4  MnM view              257

13.1.1.4.1                Key strengths        257

13.1.1.4.2                Strategic choices   257

13.1.1.4.3                Weaknesses and competitive threats 257

13.1.2      TRUMPF               258

13.1.2.1  Business overview 258

13.1.2.2  Products/Solutions/Services offered 259

13.1.2.3  Recent developments           262

13.1.2.3.1                Product launches  262

13.1.2.4  MnM view              263

13.1.2.4.1                Key strengths        263

13.1.2.4.2                Strategic choices   263

13.1.2.4.3                Weaknesses and competitive threats 263

13.1.3      HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.      264

13.1.3.1  Business overview 264

13.1.3.2  Products/Solutions/Services offered 265

13.1.3.3  Recent developments           266

13.1.3.3.1                Product launches  266

13.1.3.4  MnM view              266

13.1.3.4.1                Key strengths        266

13.1.3.4.2                Strategic choices   266

13.1.3.4.3                Weaknesses and competitive threats 266

13.1.4      IPG PHOTONICS CORPORATION              267

13.1.4.1  Business overview 267

13.1.4.2  Products/Solutions/Services offered 268

13.1.4.3  Recent developments           270

13.1.4.3.1                Product launches  270

13.1.4.3.2                Deals      270

13.1.4.4  MnM view              271

13.1.4.4.1                Key strengths        271

13.1.4.4.2                Strategic choices   271

13.1.4.4.3                Weaknesses and competitive threats 271

13.1.5      JENOPTIK AG     272

13.1.5.1  Business overview 272

13.1.5.2  Products/Solutions/Services offered 273

13.1.5.3  Recent developments           274

13.1.5.3.1                Product launches  274

13.1.5.4  MnM view              275

13.1.5.4.1                Key strengths        275

13.1.5.4.2                Strategic choices   275

13.1.5.4.3                Weaknesses and competitive threats 275

13.1.6      FIVES    276

13.1.6.1  Business overview 276

13.1.6.2  Products/Solutions/Services offered 277

13.1.6.3  Recent developments           278

13.1.6.3.1                Expansions             278

13.1.7      AXBIS    279

13.1.7.1  Business overview 279

13.1.7.2  Products/Solutions/Services offered 280

13.1.7.3  MnM view              281

13.1.7.3.1                Key strengths        281

13.1.7.3.2                Strategic choices   281

13.1.7.3.3                Weaknesses and competitive threats 281

13.1.8      LUMENTUM OPERATIONS LLC 282

13.1.8.1  Business overview 282

13.1.8.2  Products/Solutions/Services offered 283

13.1.8.3  Recent developments           284

13.1.8.3.1                Deals      284

13.1.8.3.2                Expansions             284

13.1.9      GRAVOTECH, INC.           285

13.1.9.1  Business overview 285

13.1.9.2  Products/Solutions/Services offered 285

13.1.9.3  Recent developments           286

13.1.9.3.1                Product launches  286

13.1.10   LASER STAR TECHNOLOGIES     287

13.1.10.1                 Business overview 287

13.1.10.2                 Products/Solutions/Services offered 287

13.1.11   LUMIBIRD           289

13.1.11.1                 Business overview 289

13.1.11.2                 Products/Solutions/Services offered 290

13.1.11.3                 Recent developments           291

13.1.11.3.1             Deals      291

13.1.12   EPILOG LASER  292

13.1.12.1                 Business overview 292

13.1.12.2                 Products/Solutions/Services offered 292

13.1.12.3                 Recent developments           293

13.1.12.3.1             Product launches  293

13.1.13   MKS INSTRUMENTS        294

13.1.13.1                 Business overview 294

13.1.13.2                 Products/Solutions/Services offered 295

13.1.13.3                 Recent developments           296

13.1.13.3.1             Product launches  296

13.1.13.3.2             Deals      297

13.1.14   NOVANTA INC. 298

13.1.14.1                 Business overview 298

13.1.14.2                 Products/Solutions/Services offered 299

13.1.14.3                 Recent developments           300

13.1.14.3.1             Product launches  300

13.1.15   EUROLASER GMBH         301

13.1.15.1                 Business overview 301

13.1.15.2                 Products/Solutions/Services offered 301

13.1.16   600 GROUP PLC 302

13.1.16.1                 Business overview 302

13.1.16.2                 Products/Solutions/Services offered 303

13.1.16.3                 Recent developments           304

13.1.16.3.1             Product launches  304

13.1.17   BYSTRONIC GROUP        305

13.1.17.1                 Business overview 305

13.1.17.2                 Products/Solutions/Services offered 306

13.1.17.3                 Recent developments           306

13.1.17.3.1             Product launches  306

13.1.17.3.2             Expansions             307

13.2         OTHER PLAYERS              308

13.2.1      ALPHALAS GMBH             308

13.2.2      APPLIED LASER TECHNOLOGY, INC.      309

13.2.3      ARIMA LASERS CORP.     310

13.2.4      FOCUSLIGHT TECHNOLOGIES INC.        311

13.2.5      INNO LASER TECHNOLOGY CO., LTD.   312

13.2.6      NKT PHOTONICS A/S     313

13.2.7      PHOTONICS INDUSTRIES INTERNATIONAL. INC.                 314

13.2.8      SFX         315

13.2.9      TOPTICA PHOTONICS AG            316

13.2.10   UNIVERSAL LASER SYSTEMS, INC.            317

14            APPENDIX           318

14.1         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                321

14.2         CUSTOMIZATION OPTIONS        323

14.3         RELATED REPORTS         323

14.4         AUTHOR DETAILS           324

LIST OF TABLES

TABLE 1                LIMITATIONS AND ASSOCIATED RISKS 44

TABLE 2                LASER PROCESSING MARKET: ROLE OF COMPANIES IN ECOSYSTEM       63

TABLE 3                LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS           67

TABLE 4                ENHANCING COPPER LASER WELDING WITH CANUNDA-HP

AT INSTITUT MAUPERTUIS         70

TABLE 5                TRANSITIONING FROM GRIT BLASTING TO LASER TEXTURING WITH LASERAX         70

TABLE 6                UNIVERSITY OF MANCHESTER ENHANCES ENGINEERING EDUCATION

WITH HPC LASER CUTTER           71

TABLE 7                ENHANCING CHIMNEY & BOILER MANUFACTURING WITH LASER ISSE’S

FULLY AUTOMATED LASER WELDING LINE        71

TABLE 8                VORTRAN LASERS ENHANCE BIOMEDICAL RESEARCH WITH LIFE CANVAS TECHNOLOGIES               72

TABLE 9                MEETING CUSTOM MACHINE TOOL DEMAND OF DAWN MACHINERY WITH REINSHAW PLC LASER PRECISION                 73

TABLE 10              ENHANCING CNC MACHINE TOOL ACCURACY OF HEAKE WITH RENISHAW

PLC LASER CALIBRATION TECHNOLOGY             73

TABLE 11              BOOSTING HVAC FABRICATION EFFICIENCY OF KAVANAGH INDUSTRIES WITH AMADA HIGH-SPEED FIBER LASER TECHNOLOGY    74

TABLE 12              IMPORT SCENARIO FOR HS CODE 901320-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD MILLION)               75

TABLE 13              EXPORT SCENARIO FOR HS CODE 901320-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD MILLION)               76

TABLE 14              AVERAGE SELLING PRICE TREND, BY LASER TYPE, 2022–2024                 77

TABLE 15              AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS,

BY LASER TYPE (USD)    77

TABLE 16              AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024              78

TABLE 17              LASER PROCESSING MARKET: LIST OF MAJOR PATENTS, 2021–2024        79

TABLE 18              LASER PROCESSING MARKET: LIST OF CONFERENCES AND EVENTS, 2025–2026                 83

TABLE 19              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  84

TABLE 20              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  85

TABLE 21              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 22              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 23              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END USERS (%)        88

TABLE 24              KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              89

TABLE 25              ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION) 93

TABLE 26              EXPECTED CHANGE IN PRICES AND IMPACT ON END-USE MARKET DUE TO TARIFF          94

TABLE 27              LASER PROCESSING MARKET, BY LASER TYPE, 2021–2024 (USD MILLION)            102

TABLE 28              LASER PROCESSING MARKET, BY LASER TYPE, 2025–2032 (USD MILLION)            103

TABLE 29              LASER PROCESSING MARKET, BY LASER TYPE, 2021–2024 (THOUSAND UNITS)  103

TABLE 30              LASER PROCESSING MARKET, BY LASER TYPE, 2025–2032 (THOUSAND UNITS)  103

TABLE 31              SOLID LASERS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            104

TABLE 32              SOLID LASERS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            104

TABLE 33              SOLID LASERS: LASER PROCESSING MARKET, BY TYPE,

2021–2024 (USD MILLION)            105

TABLE 34              SOLID LASERS: LASER PROCESSING MARKET, BY TYPE,

2025–2032 (USD MILLION)            105

TABLE 35              GAS LASERS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 36              GAS LASERS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            108

TABLE 37              GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2021–2024 (USD MILLION)                108

TABLE 38              GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2025–2032 (USD MILLION)                109

TABLE 39              LIQUID LASERS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            112

TABLE 40              LIQUID LASERS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            112

TABLE 41              OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            113

TABLE 42              OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            113

TABLE 43              LASER PROCESSING MARKET, BY CONFIGURATION, 2021–2024 (USD MILLION)      115

TABLE 44              LASER PROCESSING MARKET, BY CONFIGURATION, 2025–2032 (USD MILLION)      115

TABLE 45              FIXED BEAMS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            116

TABLE 46              FIXED BEAMS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            117

TABLE 47              MOVING BEAMS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            117

TABLE 48              MOVING BEAMS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            118

TABLE 49              HYBRID BEAMS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            118

TABLE 50              HYBRID BEAMS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            119

TABLE 51              COMPARISON OF LASER PROCESSING CONFIGURATIONS          119

TABLE 52              LASER PROCESSING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            121

TABLE 53              LASER PROCESSING MARKET, BY APPLICATION, 2025–2032 (USD MILLION)            122

TABLE 54              LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)            128

TABLE 55              LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)            128

TABLE 56              KEY COMPETITORS OF FIVES OFFERING LASER PROCESSING SYSTEMS  129

TABLE 57              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET,

BY REGION, 2021–2024 (USD MILLION)   130

TABLE 58              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET,

BY REGION, 2025–2032 (USD MILLION)   131

TABLE 59              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 131

TABLE 60              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN NORTH AMERICA, BY COUNTRY, 2025–2032 (USD MILLION)                 131

TABLE 61              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)      132

TABLE 62              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN EUROPE, BY COUNTRY, 2025–2032 (USD MILLION)      132

TABLE 63              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)                 133

TABLE 64              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN ASIA PACIFIC, BY COUNTRY, 2025–2032 (USD MILLION)                 133

TABLE 65              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN ROW, BY REGION, 2021–2024 (USD MILLION) 134

TABLE 66              MICROELECTRONICS & SEMICONDUCTORS: LASER PROCESSING MARKET

IN ROW, BY REGION, 2025–2032 (USD MILLION) 134

TABLE 67              ENHANCING WAFER DOWNSIZING WITH PRECISION LASER MICROJET TECHNOLOGY      134

TABLE 68              PRECISION SINGULATION OF ULTRA-THIN SILICON WAFERS USING

WATER-GUIDED LASERS               135

TABLE 69              ENHANCING PRECISION AND EFFICIENCY IN DICING OF HIGH-DENSITY CIRCUITS     135

TABLE 70              COST REDUCTION AND QUALITY IMPROVEMENT IN WAFER DICING          135

TABLE 71              LIST OF CLIENTS IN MICROELECTRONICS & SEMICONDUCTORS INDUSTRY 137

TABLE 72              AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            138

TABLE 73              AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            138

TABLE 74              AUTOMOTIVE: LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 138

TABLE 75              AUTOMOTIVE: LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2032 (USD MILLION)                 139

TABLE 76              AUTOMOTIVE: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY,

2021–2024 (USD MILLION)            139

TABLE 77              AUTOMOTIVE: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY,

2025–2032 (USD MILLION)            140

TABLE 78              AUTOMOTIVE: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD MILLION)            140

TABLE 79              AUTOMOTIVE: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY,

2025–2032 (USD MILLION)            141

TABLE 80              AUTOMOTIVE: LASER PROCESSING MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            141

TABLE 81              AUTOMOTIVE: LASER PROCESSING MARKET IN ROW, BY REGION,

2025–2032 (USD MILLION)            141

TABLE 82              ENHANCING TRACEABILITY IN HARSH DIE CASTING ENVIRONMENTS WITH

LASER MARKING               142

TABLE 83              PRECISION E-COATING REMOVAL FOR AUTOMOTIVE SEAT RAIL WELDING       142

TABLE 84              BOOSTING PRODUCTION EFFICIENCY IN NEV MANUFACTURING:

BOJUN TECHNOLOGY’S SUCCESS WITH TRUMPF’S TRULASER SOLUTION          143

TABLE 85              LIST OF CLIENTS IN AUTOMOTIVE INDUSTRY                 144

TABLE 86              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            145

TABLE 87              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            146

TABLE 88              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               146

TABLE 89              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2032 (USD MILLION)               146

TABLE 90              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               147

TABLE 91              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN EUROPE,

BY COUNTRY, 2025–2032 (USD MILLION)               147

TABLE 92              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               148

TABLE 93              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2032 (USD MILLION)               148

TABLE 94              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)                 149

TABLE 95              MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET IN ROW, BY REGION, 2025–2032 (USD MILLION)                 149

TABLE 96              PRECISION CUTTING OF SILICON BLADES FOR OPHTHALMIC SURGERY               149

TABLE 97              ENHANCING STENT MANUFACTURING WITH LASER MICROJET TECHNOLOGY              150

TABLE 98              ACHIEVING DURABLE AND PRECISE MARKINGS FOR MEDICAL DEVICES                150

TABLE 99              PRECISION LASER MARKING AND CUTTING FOR NEUROSURGICAL IMPLANTS            150

TABLE 100            LIST OF CLIENTS IN MEDICAL & LIFE SCIENCE INDUSTRY           152

TABLE 101            AEROSPACE: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            153

TABLE 102            AEROSPACE: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            153

TABLE 103            AEROSPACE: LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 153

TABLE 104            AEROSPACE: LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2032 (USD MILLION)                 153

TABLE 105            AEROSPACE: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY,

2021–2024 (USD MILLION)            154

TABLE 106            AEROSPACE: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY,

2025–2032 (USD MILLION)            154

TABLE 107            AEROSPACE: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD MILLION)            155

TABLE 108            AEROSPACE: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY,

2025–2032 (USD MILLION)            155

TABLE 109            AEROSPACE: LASER PROCESSING MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            156

TABLE 110            AEROSPACE: LASER PROCESSING MARKET IN ROW, BY REGION,

2025–2032 (USD MILLION)            156

TABLE 111            PRECISION DRILLING, MILLING, AND CUTTING OF AERO-ENGINE PARTS

WITH LMJ TECHNOLOGY             156

TABLE 112            ADVANCING CMC MACHINING WITH WATER-JET GUIDED LASER SOLUTIONS                157

TABLE 113            PRECISION WELDING SOLUTIONS FOR COMPLEX AEROSPACE COMPONENTS  157

TABLE 114            LIST OF CLIENTS IN AEROSPACE INDUSTRY                 158

TABLE 115            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET, BY REGION, 2021–2024 (USD MILLION)                 159

TABLE 116            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET, BY REGION, 2025–2032 (USD MILLION)                 159

TABLE 117            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN

NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 160

TABLE 118            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2032 (USD MILLION)       160

TABLE 119            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               160

TABLE 120            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN EUROPE,

BY COUNTRY, 2025–2032 (USD MILLION)               161

TABLE 121            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION) 161

TABLE 122            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2032 (USD MILLION) 162

TABLE 123            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN ROW,

BY REGION, 2021–2024 (USD MILLION)   162

TABLE 124            ARCHITECTURE & CONSTRUCTION: LASER PROCESSING MARKET IN ROW,

BY REGION, 2025–2032 (USD MILLION)   162

TABLE 125            PRECISION MODELING FOR HIGH-COMPLEXITY INFRASTRUCTURE PROJECTS        163

TABLE 126            LIST OF CLIENTS IN ARCHITECTURE & CONSTRUCTION INDUSTRY       164

TABLE 127            OTHER END USERS: LASER PROCESSING MARKET, BY REGION,

2021–2024 (USD MILLION)            165

TABLE 128            OTHER END USERS: LASER PROCESSING MARKET, BY REGION,

2025–2032 (USD MILLION)            165

TABLE 129            OTHER END USERS: LASER PROCESSING MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               165

TABLE 130            OTHER END USERS: LASER PROCESSING MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2032 (USD MILLION)               165

TABLE 131            OTHER END USERS: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 166

TABLE 132            OTHER END USERS: LASER PROCESSING MARKET IN EUROPE, BY COUNTRY, 2025–2032 (USD MILLION)                 166

TABLE 133            OTHER END USERS: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)            167

TABLE 134            OTHER END USERS: LASER PROCESSING MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2032 (USD MILLION)            167

TABLE 135            OTHER END USERS: LASER PROCESSING MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            168

TABLE 136            OTHER END USERS: LASER PROCESSING MARKET IN ROW, BY REGION,

2025–2032 (USD MILLION)            168

TABLE 137            MEETING MILITARY MARKING STANDARDS WITH LASER TECHNOLOGY        168

TABLE 138            ENHANCING TIME EFFICIENCY AND DESIGN PRECISION WITH LASER TECHNOLOGY                169

TABLE 139            IMPLEMENTING SUSTAINABLE MARKING TECHNOLOGIES FOR FOOD PACKAGING             169

TABLE 140            LIST OF CLIENTS IN OTHER END USERS                 170

TABLE 141            LASER PROCESSING MARKET, BY REGION, 2021–2024 (USD MILLION)       172

TABLE 142            LASER PROCESSING MARKET, BY REGION, 2025–2032 (USD MILLION)       172

TABLE 143          NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            175

TABLE 144          NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            175

TABLE 145          NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE,

2021–2024 (USD MILLION)            175

TABLE 146          NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE,

2025–2032 (USD MILLION)            175

TABLE 147          NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION,

2021–2024 (USD MILLION)            176

TABLE 148          NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION,

2025–2032 (USD MILLION)            176

TABLE 149          NORTH AMERICA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            176

TABLE 150          NORTH AMERICA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            177

TABLE 151            US: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)            178

TABLE 152            US: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)            178

TABLE 153            CANADA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            179

TABLE 154            CANADA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            179

TABLE 155            MEXICO: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                180

TABLE 156            MEXICO: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                181

TABLE 157            EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     183

TABLE 158            EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     184

TABLE 159            EUROPE: LASER PROCESSING MARKET, BY LASER TYPE,

2021–2024 (USD MILLION)            184

TABLE 160            EUROPE: LASER PROCESSING MARKET, BY LASER TYPE,

2025–2032 (USD MILLION)            184

TABLE 161            EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION,

2021–2024 (USD MILLION)            185

TABLE 162            EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION,

2025–2032 (USD MILLION)            185

TABLE 163            EUROPE: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            185

TABLE 164            EUROPE: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            186

TABLE 165            UK: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)            187

TABLE 166            UK: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)            187

TABLE 167            GERMANY: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            188

TABLE 168            GERMANY: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            188

TABLE 169            FRANCE: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                189

TABLE 170            FRANCE: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                190

TABLE 171            ITALY: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                191

TABLE 172            ITALY: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                191

TABLE 173            SPAIN: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                192

TABLE 174            SPAIN: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                192

TABLE 175            NETHERLANDS: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            193

TABLE 176            NETHERLANDS: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            193

TABLE 177            SWITZERLAND: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            194

TABLE 178            SWITZERLAND: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            194

TABLE 179            POLAND: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            195

TABLE 180            POLAND: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            195

TABLE 181            NORDICS: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            196

TABLE 182            NORDICS: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            197

TABLE 183            REST OF EUROPE: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            197

TABLE 184            REST OF EUROPE: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            198

TABLE 185            ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            200

TABLE 186            ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            201

TABLE 187            ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE,

2021–2024 (USD MILLION)            201

TABLE 188            ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE,

2025–2032 (USD MILLION)            201

TABLE 189            ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION,

2021–2024 (USD MILLION)            202

TABLE 190            ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION,

2025–2032 (USD MILLION)            202

TABLE 191            ASIA PACIFIC: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            202

TABLE 192            ASIA PACIFIC: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            203

TABLE 193            CHINA: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                204

TABLE 194            CHINA: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                204

TABLE 195            JAPAN: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                205

TABLE 196            JAPAN: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                205

TABLE 197            SOUTH KOREA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            206

TABLE 198            SOUTH KOREA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            207

TABLE 199            INDIA: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                208

TABLE 200            INDIA: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                208

TABLE 201            AUSTRALIA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            209

TABLE 202            AUSTRALIA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            209

TABLE 203            INDONESIA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            210

TABLE 204            INDONESIA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            210

TABLE 205            MALAYSIA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            211

TABLE 206            MALAYSIA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            211

TABLE 207            THAILAND: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            212

TABLE 208            THAILAND: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            212

TABLE 209            VIETNAM: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            213

TABLE 210            VIETNAM: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            213

TABLE 211            REST OF ASIA PACIFIC: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            214

TABLE 212            REST OF ASIA PACIFIC: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            214

TABLE 213            ROW: LASER PROCESSING MARKET, BY REGION, 2021–2024 (USD MILLION)            215

TABLE 214            ROW: LASER PROCESSING MARKET, BY REGION, 2025–2032 (USD MILLION)            215

TABLE 215            ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2021–2024 (USD MILLION)                215

TABLE 216            ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2025–2032 (USD MILLION)                216

TABLE 217            ROW: LASER PROCESSING MARKET, BY CONFIGURATION,

2021–2024 (USD MILLION)            216

TABLE 218            ROW: LASER PROCESSING MARKET, BY CONFIGURATION,

2025–2032 (USD MILLION)            216

TABLE 219            ROW: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                216

TABLE 220            ROW: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                217

TABLE 221            MIDDLE EAST: LASER PROCESSING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            217

TABLE 222            MIDDLE EAST: LASER PROCESSING MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            218

TABLE 223            MIDDLE EAST: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            218

TABLE 224            MIDDLE EAST: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            218

TABLE 225            SOUTH AMERICA: LASER PROCESSING MARKET, BY END USER,

2021–2024 (USD MILLION)            222

TABLE 226            SOUTH AMERICA: LASER PROCESSING MARKET, BY END USER,

2025–2032 (USD MILLION)            222

TABLE 227            AFRICA: LASER PROCESSING MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     223

TABLE 228            AFRICA: LASER PROCESSING MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     223

TABLE 229            AFRICA: LASER PROCESSING MARKET, BY END USER, 2021–2024 (USD MILLION)                223

TABLE 230            AFRICA: LASER PROCESSING MARKET, BY END USER, 2025–2032 (USD MILLION)                223

TABLE 231            OVERVIEW OF STRATEGIES ADOPTED BY MAJOR COMPANIES,

JANUARY 2022−MAY 2025             225

TABLE 232            LASER PROCESSING MARKET: DEGREE OF COMPETITION, 2024       228

TABLE 233            LASER PROCESSING MARKET: REGION FOOTPRINT       235

TABLE 234            LASER PROCESSING MARKET: LASER TYPE FOOTPRINT       236

TABLE 235            LASER PROCESSING MARKET: APPLICATION FOOTPRINT       237

TABLE 236            LASER PROCESSING MARKET: END USER FOOTPRINT       238

TABLE 237            LASER PROCESSING MARKET: LIST OF KEY STARTUPS/SMES              240

TABLE 238            LASER PROCESSING MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES    241

TABLE 239            LASER PROCESSING MARKET: PRODUCT LAUNCHES, JANUARY 2022–MAY 2025      242

TABLE 240            LASER PROCESSING MARKETS MARKET: DEALS, JANUARY 2022–MAY 2025               248

TABLE 241            LASER PROCESSING MARKETS MARKET: EXPANSIONS, JANUARY 2022–MAY 2025  249

TABLE 242            COHERENT CORP.: COMPANY OVERVIEW                 250

TABLE 243            COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 244            COHERENT CORP.: PRODUCT LAUNCHES                 254

TABLE 245            TRUMPF: COMPANY OVERVIEW                258

TABLE 246            TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED             259

TABLE 247            TRUMPF: PRODUCT LAUNCHES                262

TABLE 248            HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: COMPANY OVERVIEW              264

TABLE 249            HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 265

TABLE 250            HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: PRODUCT LAUNCHES              266

TABLE 251            IPG PHOTONICS CORPORATION: COMPANY OVERVIEW          267

TABLE 252            IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    268

TABLE 253            IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES          270

TABLE 254            IPG PHOTONICS CORPORATION: DEALS                 270

TABLE 255            JENOPTIK AG: COMPANY OVERVIEW     272

TABLE 256            JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    273

TABLE 257            JENOPTIK AG: PRODUCT LAUNCHES     274

TABLE 258            FIVES: COMPANY OVERVIEW     276

TABLE 259            FIVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED             277

TABLE 260            FIVES: EXPANSIONS        278

TABLE 261            AXBIS: COMPANY OVERVIEW     279

TABLE 262            AXBIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             280

TABLE 263            LUMENTUM OPERATIONS LLC: COMPANY OVERVIEW          282

TABLE 264            LUMENTUM OPERATIONS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    283

TABLE 265            LUMENTUM OPERATIONS LLC: DEALS 284

TABLE 266            LUMENTUM OPERATIONS LLC: EXPANSIONS                 284

TABLE 267            GRAVOTECH, INC.: COMPANY OVERVIEW                 285

TABLE 268            GRAVOTECH, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    285

TABLE 269            GRAVOTECH, INC.: PRODUCT LAUNCHES                 286

TABLE 270            LASER STAR TECHNOLOGIES: COMPANY OVERVIEW          287

TABLE 271            LASER STAR TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    287

TABLE 272            LUMIBIRD: COMPANY OVERVIEW            289

TABLE 273            LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED             290

TABLE 274            LUMIBIRD: DEALS           291

TABLE 275            EPILOG LASER: COMPANY OVERVIEW   292

TABLE 276            EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    292

TABLE 277            EPILOG LASER: PRODUCT LAUNCHES   293

TABLE 278            MKS INSTRUMENTS: COMPANY OVERVIEW                 294

TABLE 279            MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    295

TABLE 280            MKS INSTRUMENTS: PRODUCT LAUNCHES                 296

TABLE 281            MKS INSTRUMENTS: DEALS        297

TABLE 282            NOVANTA INC.: COMPANY OVERVIEW  298

TABLE 283            NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    299

TABLE 284            NOVANTA INC.: PRODUCT LAUNCHES  300

TABLE 285            EUROLASER GMBH: COMPANY OVERVIEW                 301

TABLE 286            EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    301

TABLE 287            600 GROUP PLC: COMPANY OVERVIEW 302

TABLE 288            600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    303

TABLE 289            600 GROUP PLC: PRODUCT LAUNCHES 304

TABLE 290            BYSTRONIC GROUP: COMPANY OVERVIEW                 305

TABLE 291            BYSTRONIC GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    306

TABLE 292            BYSTRONIC GROUP: PRODUCT LAUNCHES                 306

TABLE 293            BYSTRONIC GROUP: EXPANSIONS           307

TABLE 294            ALPHALAS GMBH: COMPANY OVERVIEW                 308

TABLE 295            APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW          309

TABLE 296            ARIMA LASERS CORP.: COMPANY OVERVIEW                 310

TABLE 297            FOCUSLIGHT TECHNOLOGIES INC.: COMPANY OVERVIEW          311

TABLE 298            INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW   312

TABLE 299            NKT PHOTONICS A/S: COMPANY OVERVIEW                 313

TABLE 300            PHOTONICS INDUSTRIES INTERNATIONAL. INC.: COMPANY OVERVIEW        314

TABLE 301            SFX: COMPANY OVERVIEW          315

TABLE 302            TOPTICA PHOTONICS AG: COMPANY OVERVIEW          316

TABLE 303            UNIVERSAL LASER SYSTEMS, INC.: COMPANY OVERVIEW          317

LIST OF FIGURES

FIGURE 1              LASER PROCESSING MARKET: RESEARCH DESIGN                34

FIGURE 2              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—SUPPLY-SIDE ANALYSIS 40

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY-SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM SALES OF

LASER PROCESSING SYSTEMS    40

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              41

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                42

FIGURE 6              MARKET BREAKDOWN AND DATA TRIANGULATION             43

FIGURE 7              SOLID LASERS SEGMENT TO LEAD LASER PROCESSING MARKET

FROM 2025 TO 2032          46

FIGURE 8              CUTTING TO BE LARGEST APPLICATION OF PROCESSING

DURING FORECAST PERIOD       46

FIGURE 9              MICROELECTRONICS & SEMICONDUCTORS SEGMENT TO BE LARGEST

END USER BETWEEN 2025 AND 2032        47

FIGURE 10            ASIA PACIFC TO REGISTER HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD                 48

FIGURE 11            RISING DEMAND FOR ADVANCED MANUFACTURING AUTOMATION AND PRECISION TO DRIVE MARKET GROWTH          49

FIGURE 12            US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICA LASER PROCESSING MARKET IN 2025 50

FIGURE 13            MICROELECTRONICS & SEMICONDUCTORS TO ACCOUNT FOR

LARGEST SHARE OF LASER PROCESSING MARKET IN ASIA PACIFIC                50

FIGURE 14            INDIA TO BE FASTEST-GROWING LASER PROCESSING MARKET DURING

FORECAST PERIOD         51

FIGURE 15            LASER PROCESSING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          52

FIGURE 16            GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES

(MILLION SQUARE INCH), 2022–2024        54

FIGURE 17            IMPACT ANALYSIS: DRIVERS      55

FIGURE 18            IMPACT ANALYSIS: RESTRAINTS               57

FIGURE 19            GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2020–2023 (MILLION UNITS)           58

FIGURE 20            IMPACT ANALYSIS: OPPORTUNITIES     59

FIGURE 21            IMPACT ANALYSIS: CHALLENGES             60

FIGURE 22            LASER PROCESSING MARKET: VALUE CHAIN ANALYSIS            61

FIGURE 23            LASER PROCESSING MARKET: ECOSYSTEM ANALYSIS            62

FIGURE 24            INVESTMENT AND FUNDING SCENARIO, 2021–2024        64

FIGURE 25            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   64

FIGURE 26            LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS           67

FIGURE 27            IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024                74

FIGURE 28            EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024                75

FIGURE 29            AVERAGE SELLING PRICE TREND, BY LASER TYPE, 2022–2024                 76

FIGURE 30            AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS,

BY LASER TYPE, 2024       77

FIGURE 31            AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024              78

FIGURE 32            PATENTS APPLIED AND GRANTED, 2014–2024                 79

FIGURE 33            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS  88

FIGURE 34            KEY BUYING CRITERIA FOR TOP THREE END USERS   89

FIGURE 35            KEY AI USE CASES IN LASER PROCESSING MARKET               91

FIGURE 36            SOLID LASERS TO DOMINATE LASER PROCESSING MARKET

DURING FORECAST PERIOD       102

FIGURE 37            HYBRID BEAMS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF

LASER PROCESSING MARKET DURING FORECAST PERIOD                 115

FIGURE 38            CUTTING APPLICATION TO ACCOUNT FOR LARGEST SHARE OF

LASER PROCESSING MARKET IN 2032      121

FIGURE 39            MICROELECTRONICS & SEMICONDUCTORS TO ACCOUNT FOR LARGEST SHARE

OF LASER PROCESSING MARKET IN 2032               127

FIGURE 40            LASER PROCESSING MARKET: GEOGRAPHIC SNAPSHOT          172

FIGURE 41            NORTH AMERICA: LASER PROCESSING MARKET SNAPSHOT          174

FIGURE 42            EUROPE: LASER PROCESSING MARKET SNAPSHOT          182

FIGURE 43            ASIA PACIFIC: LASER PROCESSING MARKET SNAPSHOT          199

FIGURE 44            REVENUE ANALYSIS OF KEY PLAYERS IN LASER PROCESSING MARKET,

2020–2024              228

FIGURE 45            MARKET SHARE ANALYSIS OF MAJOR PLAYERS, 2024        229

FIGURE 46            COMPANY VALUATION 230

FIGURE 47            FINANCIAL METRICS (EV/EBITDA)          231

FIGURE 48            BRAND/PRODUCT COMPARISON             231

FIGURE 49            LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       233

FIGURE 50            LASER PROCESSING MARKET: COMPANY FOOTPRINT       234

FIGURE 51            LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX

(SMES/STARTUPS), 2024                240

FIGURE 52            COHERENT CORP.: COMPANY SNAPSHOT                 251

FIGURE 53            TRUMPF: COMPANY SNAPSHOT               259

FIGURE 54            HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: COMPANY SNAPSHOT              264

FIGURE 55            IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT          268

FIGURE 56            JENOPTIK AG: COMPANY SNAPSHOT     273

FIGURE 57            FIVES: COMPANY SNAPSHOT     277

FIGURE 58            AXBIS: COMPANY SNAPSHOT     280

FIGURE 59            LUMENTUM OPERATIONS LLC: COMPANY SNAPSHOT          283

FIGURE 60            LUMIBIRD: COMPANY SNAPSHOT            290

FIGURE 61            MKS INSTRUMENTS: COMPANY SNAPSHOT                 295

FIGURE 62            NOVANTA INC.: COMPANY SNAPSHOT  299

FIGURE 63            600 GROUP PLC: COMPANY SNAPSHOT 302

FIGURE 64            BYSTRONIC GROUP: COMPANY SNAPSHOT                 305