Laser Marking Market Size Was Valued at USD 3.55 Billion in 2023 and is Projected to Reach USD 7.16 Billion by 2032, Growing at a CAGR of 8.1% From 2024-2032.
Laser marking, also called laser engraving or laser etching, is the process of making everlasting marks on diverse substances by means of directing a high-electricity laser beam onto the cloth's surface. Laser marking is recognized for its lengthy-lasting nature, flexibility, accuracy, contactless feature, performance, trackability, eco-friendliness, and extremely good visibility. It produces long lasting marks which could withstand wear, fading, and corrosion on a lot of materials. This technique lets in for precise marking of various objects, which include specified designs and intricate info. By being non-detrimental, it eliminates the possibility of damage, mainly for fragile materials. The short moves of the laser beam make it an efficient approach for marking gadgets swiftly, able to mark many items at once. Laser marks offer traceability information for dealing with stock, tracking products, and stopping counterfeiting.
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Laser Marking Market Top Key Players:
Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), Trotec Laser GmbH (Austria), Gravotech Group (France), Videojet Technologies Inc. (U.S.), Rofin-Sinar Technologies Inc. (U.S.), Epilog Laser (U.S.), Universal Laser Systems, Inc. (U.S.), TYKMA Electrox (U.S.), Mecco Partners LLC (U.S.), Han's Laser Technology Industry Group Co., Ltd. (China), Keyence Corporation (Japan), Matthews International Corporation (U.S.), Panasonic Corporation (Japan), Control Micro Systems, Inc. (U.S.), Jinan Style Machinery Co., Ltd. (China), Needham Laser Technologies Ltd. (U.K.), LaserStar Technologies Corporation (U.S.) and Other Major Players.
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Laser Marking Market Trend Analysis
Increased Demand for Product Traceability
· In modern day complicated and globalized supply chains, ensuring the traceability of merchandise has turn out to be imperative for industries throughout various sectors. Laser marking offers a reliable and green solution for achieving precise identification, serialization, and barcoding on merchandise.
· Industries inclusive of car, aerospace, pharmaceuticals, and electronics face stringent regulatory requirements and requirements that mandate traceability to decorate product protection, fight counterfeiting, and facilitate recalls. Laser marking, with its ability to create everlasting and tamper-resistant marks on an extensive variety of substances, meets these regulatory needs correctly.
· Moreover, the upward thrust in consumer awareness and the demand for obvious and ethically sourced merchandise in addition accentuate the want for traceability. Companies make use of laser marking to embed records like batch numbers, production dates, and other identifiers at once onto merchandise, allowing stop-to-stop visibility in the deliver chain.
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Key Industry Development in Laser Marking Market
· In July 2023, Ortur launched the new Ortur Laser Master 3 LU3-20A, a high-powered laser engraver with color marking capability. The machine features a potent 20W laser and advanced technology for precision cutting on various materials.
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