This report describes and explains the industrial laser system market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global industrial laser system market reached a value of nearly $25.38 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.61% since 2019. The market is expected to grow from $25.38 billion in 2024 to $38.57 billion in 2029 at a rate of 8.72%. The market is then expected to grow at a CAGR of 8.21% from 2029 and reach $57.22 billion in 2034.
Growth in the historic period resulted from the growth in electronics and semiconductors, high precision demand in consumer electronics, rising aerospace and defense manufacturing needs and government incentives and support programs. Factors that negatively affected growth in the historic period were high capital investment and operating costs and high energy consumption concerns.
Going forward, the surge in medical device manufacturing, booming EV battery production, shift toward smart factories and industrial automation and expansion of additive manufacturing and 3D printing will drive the growth. Factors that could hinder the growth of the industrial laser system market in the future include stringent safety and regulatory requirements, skilled labor shortage and trade war and tariffs.
Asia Pacific was the largest region in the industrial laser system market, accounting for 40.22% or $10.21 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial laser system market will be Asia Pacific and Western Europe where growth will be at CAGRs of 10.02% and 9.24% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 8.88% and 8.86% respectively.
The global industrial laser system market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 20.71% of the total market in 2024. TRUMPF GmbH + Co. KG was the largest competitor with a 5.81% share of the market, followed by IPG Photonics Corporation with 3.38%, Han’s Laser Technology Industry Group Co. Ltd with 3.23%, Coherent, Inc. with 2.75%, Amada Co. Ltd. with 1.72%, Mitsubishi Electric Corporation with 1.37%, Bystronic Laser AG with 1.29%, MKS Instruments, Inc. with 0.46%, Jenoptik AG with 0.41% and Prima Industrie S.p.A. with 0.30%.
The industrial laser system market is segmented by type of laser into fiber, solid-state, CO2 and other types. The fiber market was the largest segment of the industrial laser system market segmented by type of laser, accounting for 45.00% or $11.42 billion of the total in 2024. Going forward, the solid-state segment is expected to be the fastest growing segment in the industrial laser system market segmented by type of laser, at a CAGR of 12.08% during 2024-2029.
The industrial laser system market is segmented by type into macro processing and micro processing. The macro processing market was the largest segment of the industrial laser system market segmented by type, accounting for 67.27% or $17.07 billion of the total in 2024. Going forward, the micro processing segment is expected to be the fastest growing segment in the industrial laser system market segmented by type, at a CAGR of 10.84% during 2024-2029.
The industrial laser system market is segmented by power into less than 1 kW and more than 1.1 kW. The more than 1.1 kW market was the largest segment of the industrial laser system market segmented by power, accounting for 82.28% or $20.88 billion of the total in 2024. Going forward, the less than 1 kW segment is expected to be the fastest growing segment in the industrial laser system market segmented by power, at a CAGR of 10.91% during 2024-2029.
The industrial laser system market is segmented by application into cutting, welding, marking, drilling and other applications. The cutting market was the largest segment of the industrial laser system market segmented by application, accounting for 30.09% or $7.64 billion of the total in 2024. Going forward, the cutting segment is expected to be the fastest growing segment in the industrial laser system market segmented by application, at a CAGR of 10.05% during 2024-2029.
The industrial laser system market is segmented by end use industry into semiconductor and electronics, automotive, aerospace and defense, medical and other end-use industries. The semiconductor and electronics market was the largest segment of the industrial laser system market segmented by end use industry, accounting for 33.22% or $8.43 billion of the total in 2024. Going forward, the medical segment is expected to be the fastest growing segment in the industrial laser system market segmented by end use industry, at a CAGR of 10.50% during 2024-2029.
The top opportunities in the industrial laser system markets segmented by type of laser will arise in the fiber segment, which will gain $5.5 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by type will arise in the macro processing segment, which will gain $7.58 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by power will arise in the more Than 1.1 kW segment, which will gain $10.13 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by application will arise in the cutting segment, which will gain $4.69 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by end use industry will arise in the semiconductor and electronics segment, which will gain $5.11 billion of global annual sales by 2029. The industrial laser system market size will gain the most in the USA at $2.15 billion.
Market-trend-based strategies for the industrial laser system market include developing automated CO2 lasers that integrate artificial intelligence (AI)-driven material recognition, developing high-power ultrafast solid-state lasers with advanced beam quality, advancing deep ultraviolet (DUV) solid-state laser technologies with compact designs, developing high-power, multi-beam fiber lasers with independent beam control, developing high-power, energy-efficient fiber laser solutions with superior beam quality, developing advanced fiber laser cutting machines with automated workflows, multi-mode processing and intelligent material handling, developing ultra-high-power fiber lasers with advanced chip integration and long fiber delivery capabilities, integrating advanced laser technologies with automation and robotics, developing high-powered CO₂ laser cutters and engravers and developing high-power, fiber-coupled solid-state laser pump sources.
Player-adopted strategies in the industrial laser system market include focus on enhancing its operational, business capabilities and strengthening its product line through new launches.
To take advantage of the opportunities, the analyst recommends the industrial laser system market companies to focus on AI-integrated automated laser cutting solutions, focus on high-power ultrafast solid-state laser solutions, focus on deep ultraviolet solid-state lasers for semiconductor applications, focus on high-power multi-beam fiber lasers for additive manufacturing, focus on high-power fiber laser cutting solutions for industrial fabrication, focus on ultra-high-power fiber lasers for heavy manufacturing, focus on laser-enabled robotic integration for industrial automation, focus on high-power CO₂ laser cutting and engraving for industrial efficiency, focus on high-power fiber-coupled solid-state laser pump sources, focus on high-power fiber lasers for industrial applications, focus on micro processing laser systems for precision industries, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on cutting applications for high-growth industrial laser systems.
The global industrial laser system market reached a value of nearly $25.38 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.61% since 2019. The market is expected to grow from $25.38 billion in 2024 to $38.57 billion in 2029 at a rate of 8.72%. The market is then expected to grow at a CAGR of 8.21% from 2029 and reach $57.22 billion in 2034.
Growth in the historic period resulted from the growth in electronics and semiconductors, high precision demand in consumer electronics, rising aerospace and defense manufacturing needs and government incentives and support programs. Factors that negatively affected growth in the historic period were high capital investment and operating costs and high energy consumption concerns.
Going forward, the surge in medical device manufacturing, booming EV battery production, shift toward smart factories and industrial automation and expansion of additive manufacturing and 3D printing will drive the growth. Factors that could hinder the growth of the industrial laser system market in the future include stringent safety and regulatory requirements, skilled labor shortage and trade war and tariffs.
Asia Pacific was the largest region in the industrial laser system market, accounting for 40.22% or $10.21 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial laser system market will be Asia Pacific and Western Europe where growth will be at CAGRs of 10.02% and 9.24% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 8.88% and 8.86% respectively.
The global industrial laser system market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 20.71% of the total market in 2024. TRUMPF GmbH + Co. KG was the largest competitor with a 5.81% share of the market, followed by IPG Photonics Corporation with 3.38%, Han’s Laser Technology Industry Group Co. Ltd with 3.23%, Coherent, Inc. with 2.75%, Amada Co. Ltd. with 1.72%, Mitsubishi Electric Corporation with 1.37%, Bystronic Laser AG with 1.29%, MKS Instruments, Inc. with 0.46%, Jenoptik AG with 0.41% and Prima Industrie S.p.A. with 0.30%.
The industrial laser system market is segmented by type of laser into fiber, solid-state, CO2 and other types. The fiber market was the largest segment of the industrial laser system market segmented by type of laser, accounting for 45.00% or $11.42 billion of the total in 2024. Going forward, the solid-state segment is expected to be the fastest growing segment in the industrial laser system market segmented by type of laser, at a CAGR of 12.08% during 2024-2029.
The industrial laser system market is segmented by type into macro processing and micro processing. The macro processing market was the largest segment of the industrial laser system market segmented by type, accounting for 67.27% or $17.07 billion of the total in 2024. Going forward, the micro processing segment is expected to be the fastest growing segment in the industrial laser system market segmented by type, at a CAGR of 10.84% during 2024-2029.
The industrial laser system market is segmented by power into less than 1 kW and more than 1.1 kW. The more than 1.1 kW market was the largest segment of the industrial laser system market segmented by power, accounting for 82.28% or $20.88 billion of the total in 2024. Going forward, the less than 1 kW segment is expected to be the fastest growing segment in the industrial laser system market segmented by power, at a CAGR of 10.91% during 2024-2029.
The industrial laser system market is segmented by application into cutting, welding, marking, drilling and other applications. The cutting market was the largest segment of the industrial laser system market segmented by application, accounting for 30.09% or $7.64 billion of the total in 2024. Going forward, the cutting segment is expected to be the fastest growing segment in the industrial laser system market segmented by application, at a CAGR of 10.05% during 2024-2029.
The industrial laser system market is segmented by end use industry into semiconductor and electronics, automotive, aerospace and defense, medical and other end-use industries. The semiconductor and electronics market was the largest segment of the industrial laser system market segmented by end use industry, accounting for 33.22% or $8.43 billion of the total in 2024. Going forward, the medical segment is expected to be the fastest growing segment in the industrial laser system market segmented by end use industry, at a CAGR of 10.50% during 2024-2029.
The top opportunities in the industrial laser system markets segmented by type of laser will arise in the fiber segment, which will gain $5.5 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by type will arise in the macro processing segment, which will gain $7.58 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by power will arise in the more Than 1.1 kW segment, which will gain $10.13 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by application will arise in the cutting segment, which will gain $4.69 billion of global annual sales by 2029. The top opportunities in the industrial laser system markets segmented by end use industry will arise in the semiconductor and electronics segment, which will gain $5.11 billion of global annual sales by 2029. The industrial laser system market size will gain the most in the USA at $2.15 billion.
Market-trend-based strategies for the industrial laser system market include developing automated CO2 lasers that integrate artificial intelligence (AI)-driven material recognition, developing high-power ultrafast solid-state lasers with advanced beam quality, advancing deep ultraviolet (DUV) solid-state laser technologies with compact designs, developing high-power, multi-beam fiber lasers with independent beam control, developing high-power, energy-efficient fiber laser solutions with superior beam quality, developing advanced fiber laser cutting machines with automated workflows, multi-mode processing and intelligent material handling, developing ultra-high-power fiber lasers with advanced chip integration and long fiber delivery capabilities, integrating advanced laser technologies with automation and robotics, developing high-powered CO₂ laser cutters and engravers and developing high-power, fiber-coupled solid-state laser pump sources.
Player-adopted strategies in the industrial laser system market include focus on enhancing its operational, business capabilities and strengthening its product line through new launches.
To take advantage of the opportunities, the analyst recommends the industrial laser system market companies to focus on AI-integrated automated laser cutting solutions, focus on high-power ultrafast solid-state laser solutions, focus on deep ultraviolet solid-state lasers for semiconductor applications, focus on high-power multi-beam fiber lasers for additive manufacturing, focus on high-power fiber laser cutting solutions for industrial fabrication, focus on ultra-high-power fiber lasers for heavy manufacturing, focus on laser-enabled robotic integration for industrial automation, focus on high-power CO₂ laser cutting and engraving for industrial efficiency, focus on high-power fiber-coupled solid-state laser pump sources, focus on high-power fiber lasers for industrial applications, focus on micro processing laser systems for precision industries, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on cutting applications for high-growth industrial laser systems.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Industrial Laser System Growth Analysis and Strategic Analysis Framework
9 Global Industrial Laser System Market Segmentation
10 Industrial Laser System Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in Industrial Laser System
24 Opportunities and Strategies
25 Industrial Laser System Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Industrial Laser System Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global industrial laser system market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for industrial laser system? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial laser system market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider industrial laser system market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type of laser, by type, by power, by application and by end use industry.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM)..
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type of laser, by type, by power, by application and by end use industry in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for industrial laser system providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered: 1) By Type of Laser: Fiber; Solid-State; CO2; Other Types
2) By Type: Macro Processing; Micro Processing3) By Power: Less Than 1 Kw; More Than 1.1 Kw
4) By Application: Cutting; Welding; Marking; Drilling; Other Applications
5) By End Use Industry: Semiconductor and Electronics; Automotive; Aerospace and Defense; Medical; Other End-Use Industries
Companies Mentioned: TRUMPF GmbH + Co. KG; IPG Photonics Corporation; Han’s Laser Technology Industry Group Co. Ltd; Coherent, Inc.; Amada Co. Ltd.
Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; industrial laser system indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies profiled in this Industrial Laser System market report include:- TRUMPF GmbH + Co. KG
- IPG Photonics Corporation
- Han’s Laser Technology Industry Group Co. Ltd
- Coherent, Inc.
- Amada Co. Ltd.
- Mitsubishi Electric Corporation
- Bystronic Laser AG
- MKS Instruments, Inc.
- Jenoptik AG
- Prima Industrie S.p.A.
- BWT
- MAX Photonics Corp.
- JPT Opto-electronics Co., Ltd.
- HGLaser Engineering Co., Ltd.
- Bodor
- HSG Laser
- Wuhan Raycus Fiber Laser Technologies
- Maxphotonics
- Yamazaki Mazak Corporation
- LPKF
- Fanuc Corporation
- Panasonic Corporation
- Sahajanand Laser Technology Limited (SLTL Group)
- Laser Automation (India) Pvt. Ltd.
- Perfect Laser Pvt. Ltd.
- ANCA Pty Ltd.
- Laser Innovations
- Coherent
- IPG Photonics
- Lumentum
- K2 LASER SYSTEM
- EO Technics
- Trotec
- Renishaw
- Amplitude Laser
- Lumibird
- Laserline
- Coherent (formerly Rofin-Sinar)
- DMG MORI
- Prima Power
- BLM Group
- SPI Lasers
- Laser Quantum (a subsidiary of Novanta)
- M-Solv
- Oxford Lasers
- Powerlase
- MKS Instruments
- Fluence Technology
- Eagle Lasers
- Sisma S.p.A.
- BODOR LASER INC.
- nLIGHT Inc.
- Laserax
- Videojet Technologies
- IPG Photonics Corporation
- Full Spectrum Laser (FSL)
- Matik Inc.
- MC Machinery
- GYC Laser
- Cutlite Penta S.p.A.
- Patagonia CNC Machines
- Silasers
- ASELSAN
- Novin Laser Saba Co
- Elbit Systems
- Wavelight Technologies
- Coherent Corp
- ALPHA LASER GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 367 |
| Published | December 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 25.38 Billion |
| Forecasted Market Value ( USD | $ 57.22 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 69 |
