Market Overview:
The global micro-machining lasers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and precision components in various industries such as automotive, medical, and electronic industry. In addition, the growing demand for laser micromachining in Asia Pacific is also contributing to the growth of this market. Based on type, CO2 lasers are expected to hold a major share of the global micro-machining lasers market during the forecast period. This can be attributed to their high efficiency and low cost as compared with other types of lasers such as IR lasers and green Lasers.
Product Definition:
Micro-machining lasers are used to create tiny features in materials. This process is important because it allows for the creation of very small parts and components that are necessary for many modern technologies.
CO2 Lasers:
CO2 lasers are gas-laser systems that operate at a wavelength of CO2 (633 nm). They are used in micro-milling applications due to their high power density and low cost. The ability to cut materials like glass, plastic, and metals with high accuracy has made them one of the most popular types of laser for micro-milling applications.
IR Lasers:
Infrared lasers are used in micro-machining lasers owing to their properties such as high optical output power, low coherence length and wavelength, and high spatial resolution. IR laser is generated by a diode or a crystal that operates at infrared wavelengths between 10 nm to 300 mm. These diodes or crystals are mounted on an assembly known as the “host” which can be any type of machine tool including milling machines, drilling machines, cutting tools among others.
Application Insights:
The automotive application segment led the global micro-machining lasers market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for micro-machined components in automobiles, such as power steering, fuel injection systems, engine cooling systems and transmission components.
Micro-machined parts are used in medical devices & implants as they offer advantages such as high precision; reduced size; enhanced surface finish; lower cost compared to conventional machining techniques such as milling or drilling and greater design flexibility due to their smaller size. These factors are expected to drive product demand from the medical industry over the coming years.
Electronic industry is estimated to be one of the prominent end users of these machines owing to its requirement for ultrafine features.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for micro-machining lasers from countries such as China, Japan, and South Korea. In addition, rising number of electronics manufacturing units in these countries will drive product demand further.
The Asia Pacific region is home to several automotive manufacturers who are actively engaged in R&D activities for developing advanced driver assistance systems (ADAS) and passenger safety technologies using microelectronics technology. This factor will have a positive impact on market growth during the forecast period.
Europe was estimated as the second-largest regional market in 2017 owing to high adoption of CO2 lasers used for metal cutting operations across various industries including automotive, aerospace & defense, marine & naval).
Growth Factors:
- Increasing demand for miniaturized and high-precision components in various industries
- Rising adoption of lasers for micro-machining applications in automotive, medical, and aerospace industries
- Growing investments by leading laser manufacturers for the development of innovative micro-machining lasers products
- Proliferation of 3D printing technology that requires high precision micro-machining capabilities
- Rising demand from Asia Pacific region due to growing industrialization and technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-Machining Lasers Market Research Report
By Type
CO2 Lasers, IR Lasers, Green Lasers, UV Lasers, Others
By Application
Automotive, Electronic Industry, Medical Industry, Others
By Companies
3D-Micromac AG, M-SOLV, Lasea, IPG Photonics Corporation, Electro Scientific Industries, 4JET microtech GmbH, Haas Laser Technologies, Inc, Oxford Lasers Ltd., Optec, Optek System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Micro-Machining Lasers Market Report Segments:
The global Micro-Machining Lasers market is segmented on the basis of:
Types
CO2 Lasers, IR Lasers, Green Lasers, UV Lasers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronic Industry, Medical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3D-Micromac AG
- M-SOLV
- Lasea
- IPG Photonics Corporation
- Electro Scientific Industries
- 4JET microtech GmbH
- Haas Laser Technologies, Inc
- Oxford Lasers Ltd.
- Optec
- Optek System
Highlights of The Micro-Machining Lasers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CO2 Lasers
- IR Lasers
- Green Lasers
- UV Lasers
- Others
- By Application:
- Automotive
- Electronic Industry
- Medical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro-Machining Lasers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro-Machining Lasers are a type of laser that is used to cut and engrave small parts. They are very precise and can be used in a variety of industries, including manufacturing, engineering, and medical.
Some of the major companies in the micro-machining lasers market are 3D-Micromac AG, M-SOLV, Lasea, IPG Photonics Corporation, Electro Scientific Industries, 4JET microtech GmbH, Haas Laser Technologies, Inc, Oxford Lasers Ltd., Optec, Optek System.
The micro-machining lasers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro-Machining Lasers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Micro-Machining Lasers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro-Machining Lasers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Micro-Machining Lasers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Micro-Machining Lasers Market Size & Forecast, 2018-2028
4.5.1 Micro-Machining Lasers Market Size and Y-o-Y Growth
4.5.2 Micro-Machining Lasers Market Absolute $ Opportunity
Chapter 5 Global Micro-Machining Lasers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Micro-Machining Lasers Market Size Forecast by Type
5.2.1 CO2 Lasers
5.2.2 IR Lasers
5.2.3 Green Lasers
5.2.4 UV Lasers
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro-Machining Lasers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Micro-Machining Lasers Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electronic Industry
6.2.3 Medical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro-Machining Lasers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro-Machining Lasers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Micro-Machining Lasers Analysis and Forecast
9.1 Introduction
9.2 North America Micro-Machining Lasers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Micro-Machining Lasers Market Size Forecast by Type
9.6.1 CO2 Lasers
9.6.2 IR Lasers
9.6.3 Green Lasers
9.6.4 UV Lasers
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Micro-Machining Lasers Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electronic Industry
9.10.3 Medical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Micro-Machining Lasers Analysis and Forecast
10.1 Introduction
10.2 Europe Micro-Machining Lasers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Micro-Machining Lasers Market Size Forecast by Type
10.6.1 CO2 Lasers
10.6.2 IR Lasers
10.6.3 Green Lasers
10.6.4 UV Lasers
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Micro-Machining Lasers Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electronic Industry
10.10.3 Medical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Micro-Machining Lasers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro-Machining Lasers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Micro-Machining Lasers Market Size Forecast by Type
11.6.1 CO2 Lasers
11.6.2 IR Lasers
11.6.3 Green Lasers
11.6.4 UV Lasers
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Micro-Machining Lasers Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electronic Industry
11.10.3 Medical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Micro-Machining Lasers Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro-Machining Lasers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Micro-Machining Lasers Market Size Forecast by Type
12.6.1 CO2 Lasers
12.6.2 IR Lasers
12.6.3 Green Lasers
12.6.4 UV Lasers
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Micro-Machining Lasers Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electronic Industry
12.10.3 Medical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Micro-Machining Lasers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro-Machining Lasers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Micro-Machining Lasers Market Size Forecast by Type
13.6.1 CO2 Lasers
13.6.2 IR Lasers
13.6.3 Green Lasers
13.6.4 UV Lasers
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Micro-Machining Lasers Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electronic Industry
13.10.3 Medical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro-Machining Lasers Market: Competitive Dashboard
14.2 Global Micro-Machining Lasers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3D-Micromac AG
14.3.2 M-SOLV
14.3.3 Lasea
14.3.4 IPG Photonics Corporation
14.3.5 Electro Scientific Industries
14.3.6 4JET microtech GmbH
14.3.7 Haas Laser Technologies, Inc
14.3.8 Oxford Lasers Ltd.
14.3.9 Optec
14.3.10 Optek System
