Laser Marking Market See Huge Growth in Coming Years

1
MarketsandMarkets Presents
The Overall Laser Marking Market is expected to
grow from USD 2.1 billion in 2018 to USD 3.0
billion by 2024, at a CAGR of 6.0. Increasing
adoption of laser marking cross end-user
verticals and enhanced performance of laser
markers over traditional material marking
techniques are the key factors driving the growth
of this market.
2
MarketsandMarkets Presents
Fiber Laser Type expected to gain significant
share of Laser Marking Market by 2024 Fiber laser
type is estimated to account for the largest
share of the Laser Marking Market during the
forecast period. Features such as high output
power, flexible fiber light, compact size, and
high optical quality have contributed to the
growth of the fiber laser segment. A fiber laser
uses an optical fiber doped as an active gain
medium. Fiber laser comes in various power modes
(continuous wave or modulated modes) and is
suitable for laser marking and engraving
applications across the military, healthcare,
semiconductor electronics, and research
verticals. Download PDF Brochure _at_
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3
MarketsandMarkets Presents
Laser Marking Market for packaging end-user
vertical to grow at highest CAGR from 2019 to
2024 The market for the packaging end-user
vertical is expected to grow at the highest CAGR
from 2019 to 2024. Majority of the packaging
companies have to display variable data, such as
expiration dates and batch and serial numbers, as
labels on the products. Laser markers are
perfectly suited for marking at the end of the
production process and can be used on several
materials, including cardboard, paper, and
polymer. Marking with laser systems is a
contactless process, thus negating any mechanical
stress on the packaging. Speak To Analyst _at_
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4
MarketsandMarkets Presents
Laser Marking Market in RoW to grow at highest
CAGR during forecast period The Laser Marking
Market in RoW is expected to grow at the highest
CAGR during the forecast period. RoW comprises
the Middle East Africa and South America, which
have significant potential for the growth of the
Laser Marking Market. The industrial
manufacturing and aerospace defense sectors in
the Middle East Africa are witnessing
significant developments, which are expected to
support the increasing demand for laser marking.
Increasing use of electric vehicles in the Middle
East will boost the automotive vertical, which,
in turn, is expected to fillip the demand for
laser marking in this region. South America,
which is in an early stage of economic
development compared to other regions studied in
this report, offers good growth opportunities for
the Laser Marking Market.
5
MarketsandMarkets Presents
Key Players These market players include
Coherent (US), Hans Laser (China), Trumpf
(Germany), Gravotech (France), Jenoptik (US),
Epilog Laser (US), 600 Group (UK), Mecco (US),
Laserstar (US), and Novanta (US). Organic growth
strategies, such as product launches, are the
focus of many of the above-mentioned
companies. Browse For More Details -
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aser-marking-market-167085735.html
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MarketsandMarkets Presents
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7
MarketsandMarkets Presents
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