Market Overview:
The global laser micromachining systems 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 across various industries, such as industrial, medical, electronics and semiconductors, automotive, and others. In addition, the growing trend of 3D printing is also contributing to the growth of this market. On the basis of type, the laser micromachining systems market can be segmented into laser micro drilling, laser micro milling, laser micro cutting,,laser micro patterning,,and lasertmicro scribing. Of these segments,.
Product Definition:
A laser micromachining system is a device that uses lasers to create or modify products at the microscale. This type of system can be used for a variety of purposes, including fabricating microchips, creating medical devices, and machining small parts. Laser micromachining systems are important because they allow for the creation of very small parts and components with great precision.
Laser Micro Drilling:
Laser micro machining systems are used for drilling and micromachining with the help of high-intensity focused light. The process is carried out by two methods, namely, dry cutting and wet cutting. In the former method, a metal or non-metal workpiece is placed in between two transparent plates made from highly transparent material such as glass; then laser beam is applied on one side of the workpiece while other side remains unheated.
Laser Micro Milling:
Laser micro machining systems are used for micromachining with the help of lasers. It is also known as laser micro milling or laser micromachining and it's used to cut materials like metals, polymers, ceramics and glass. The working principle of this system is based on photo-polymerization effect which helps in creating high speed cutting actions at a short distance from the material surface by using focused light beams.
Application Insights:
The application segment is segregated as an industrial, medical, electronics and semiconductors, automotive and transportation systems, aerospace components and defense systems. The industrial segment dominated the global market in 2017 owing to increasing demand for micro cutting machines from various industries such as metalworking/engineering/automotive.
The automotive industry has been witnessing significant growth over the past few years due to rising demand for advanced technology vehicles from major markets such as China Japan Germany U.S. Latin America Russia India etcetera). This trend is expected to continue over the forecast period thus driving the demand globally for laser micromachining systems over the next seven years or so (2018-2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to rapid industrialization and urbanization. Moreover, these nations have a large number of electronics manufacturers who are actively adopting laser micromachining systems for their products’ design & development as well as production processes. This factor will further boost regional growth during the forecast period.
Europe accounted for a significant share of revenue in 2017 due to high demand from various end-use industries across Germany, France, Italy Russia among other Eastern European countries with major Western European markets such as U.K.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising demand for medical devices and implants
- Growing popularity of laser micromachining among researchers and scientists
- Technological advancements in laser micromachining systems
- Rising demand from the automotive industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Micromachining Systems Market Research Report
By Type
Laser Micro Drilling, Laser Micro Milling, Laser Micro Cutting, Laser Micro Patterning, Laser Micro Scribing
By Application
Industrial, Medical, Electronics and Semiconductors, Automotive, Others
By Companies
3D-Micromac AG, Electro Scientific Industries, Inc, Haas Laser Technologies, Inc, Oxford Lasers Ltd., LASEA, Optec, ELAS Ltd, Optek System, LS Laser Systems GmbH
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Laser Micromachining Systems Market Report Segments:
The global Laser Micromachining Systems market is segmented on the basis of:
Types
Laser Micro Drilling, Laser Micro Milling, Laser Micro Cutting, Laser Micro Patterning, Laser Micro Scribing
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
Industrial, Medical, Electronics and Semiconductors, Automotive, 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
- Electro Scientific Industries, Inc
- Haas Laser Technologies, Inc
- Oxford Lasers Ltd.
- LASEA
- Optec
- ELAS Ltd
- Optek System
- LS Laser Systems GmbH
Highlights of The Laser Micromachining Systems 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:
- Laser Micro Drilling
- Laser Micro Milling
- Laser Micro Cutting
- Laser Micro Patterning
- Laser Micro Scribing
- By Application:
- Industrial
- Medical
- Electronics and Semiconductors
- Automotive
- 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 Laser Micromachining Systems 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.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Laser micromachining systems are a type of laser technology that uses lasers to create small objects, such as parts for electronics and medical devices. The technology is used to create intricate patterns and structures on a variety of materials, including plastics, metals, and composites.
Some of the key players operating in the laser micromachining systems market are 3D-Micromac AG, Electro Scientific Industries, Inc, Haas Laser Technologies, Inc, Oxford Lasers Ltd., LASEA, Optec, ELAS Ltd, Optek System, LS Laser Systems GmbH.
The laser micromachining systems market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Micromachining Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laser Micromachining Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Micromachining Systems Market - Supply Chain
4.5. Global Laser Micromachining Systems Market Forecast
4.5.1. Laser Micromachining Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Micromachining Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Micromachining Systems Market Absolute $ Opportunity
5. Global Laser Micromachining Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laser Micromachining Systems Market Size and Volume Forecast by Type
5.3.1. Laser Micro Drilling
5.3.2. Laser Micro Milling
5.3.3. Laser Micro Cutting
5.3.4. Laser Micro Patterning
5.3.5. Laser Micro Scribing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Micromachining Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laser Micromachining Systems Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Medical
6.3.3. Electronics and Semiconductors
6.3.4. Automotive
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Micromachining Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laser Micromachining Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laser Micromachining Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laser Micromachining Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laser Micromachining Systems Demand Share Forecast, 2019-2026
9. North America Laser Micromachining Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laser Micromachining Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laser Micromachining Systems Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Medical
9.4.3. Electronics and Semiconductors
9.4.4. Automotive
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Micromachining Systems Market Size and Volume Forecast by Type
9.7.1. Laser Micro Drilling
9.7.2. Laser Micro Milling
9.7.3. Laser Micro Cutting
9.7.4. Laser Micro Patterning
9.7.5. Laser Micro Scribing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laser Micromachining Systems Demand Share Forecast, 2019-2026
10. Latin America Laser Micromachining Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laser Micromachining Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laser Micromachining Systems Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Medical
10.4.3. Electronics and Semiconductors
10.4.4. Automotive
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Micromachining Systems Market Size and Volume Forecast by Type
10.7.1. Laser Micro Drilling
10.7.2. Laser Micro Milling
10.7.3. Laser Micro Cutting
10.7.4. Laser Micro Patterning
10.7.5. Laser Micro Scribing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laser Micromachining Systems Demand Share Forecast, 2019-2026
11. Europe Laser Micromachining Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laser Micromachining Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laser Micromachining Systems Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Medical
11.4.3. Electronics and Semiconductors
11.4.4. Automotive
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Micromachining Systems Market Size and Volume Forecast by Type
11.7.1. Laser Micro Drilling
11.7.2. Laser Micro illing
11.7.3. Laser Micro Cutting
11.7.4. Laser Micro Patterning
11.7.5. Laser Micro Scribing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laser Micromachining Systems Demand Share, 2019-2026
12. Asia Pacific Laser Micromachining Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laser Micromachining Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laser Micromachining Systems Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Medical
12.4.3. Electronics and Semiconductors
12.4.4. Automotive
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Micromachining Systems Market Size and Volume Forecast by Type
12.7.1. Laser Micro Drilling
12.7.2. Laser Micro Milling
12.7.3. Laser Micro Cutting
12.7.4. Laser Micro Patterning
12.7.5. Laser Micro Scribing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laser Micromachining Systems Demand Share, 2019-2026
13. Middle East & Africa Laser Micromachining Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laser Micromachining Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laser Micromachining Systems Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Medical
13.4.3. Electronics and Semiconductors
13.4.4. Automotive
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Micromachining Systems Market Size and Volume Forecast by Type
13.7.1. Laser Micro Drilling
13.7.2. Laser Micro Milling
13.7.3. Laser Micro Cutting
13.7.4. Laser Micro Patterning
13.7.5. Laser Micro Scribing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laser Micromachining Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Micromachining Systems Market: Market Share Analysis
14.2. Laser Micromachining Systems Distributors and Customers
14.3. Laser Micromachining Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3D-Micromac AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Electro Scientific Industries, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haas Laser Technologies, Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oxford Lasers Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LASEA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Optec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ELAS Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Optek System
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LS Laser Systems GmbH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
