Laser Automation Market Size, Trends and Insights By Type (Laser Cutting Machine, Laser Marking Machine, Laser Welding Machine, Precision Laser Processing System, Others), By End User (Automotive, Semiconductor & Electronics, Machine Industry, Aerospace & Defense, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Han’s Laser
- Trumpf
- Bystronic
- IPG Photonics
- Amada
- TOSH
- Others
Reports Description
Global Laser Automation Market was valued at USD 13.6 Billion in 2024 and is expected to reach USD 17.2 Billion by 2033, at a CAGR of 4.2% during the forecast period 2024 – 2033.
Laser automation is the integration of lasers into automated industrial processes to increase efficiency, accuracy, and productivity. This technology uses lasers for cutting, welding, marking, engraving, and other industrial activities, frequently in combination with robotic and computerized control systems.
Laser Automation Market: Growth Factor
Advancements in laser technology
Advances in laser technology are moving the laser automation industry forward by increasing the capabilities and adaptability of laser-based systems. These technical advancements enable the creation of more accurate, efficient, and dependable laser automation systems for a variety of sectors.
For example, advancements in laser sources, such as the creation of fiber lasers and ultrafast lasers, provide greater power outputs, better beam quality, and shorter pulse durations, allowing for quicker processing rates and tighter control over laser parameters.
Furthermore, advances in laser optics, electronics for control, and integration with robots and artificial intelligence allow for increased automation and customization of laser processes. This pushes the development of laser automation in applications such as laser cutting, the welding process, labelling, and additive manufacturing, which require high precision, velocity, and adaptability.
Overall, the continuous evolution of laser technology fuels innovation in laser automation solutions, driving efficiency gains and expanding the scope of applications in various industries.
Adoption of fiber lasers
Fibre lasers provide various advantages over traditional laser technologies, including enhanced efficiency, better beam quality, and more dependability. These qualities make fibre lasers suitable for a wide range of industrial applications, including cutting, welding, marking, and engraving.
Furthermore, fibre lasers offer fewer maintenance and operating expenses, making them more affordable for industrial customers. As companies seek to enhance efficiency, accuracy, and flexibility in production processes, the demand for fibre laser-based automation solutions is growing.
Fibre lasers’ modest size and interoperability with robotic systems allow for smooth integration into automated manufacturing lines, improving throughput and quality control. This trend towards laser automation, spurred by the usage of fibre lasers, is projected to continue growing as firms embrace sophisticated technology to optimize their operations.
Laser Automation Market: Restraints
High initial investment
Many potential consumers and organisations are hesitant to engage in laser automation systems because of the high initial cost. Laser automation implies significant expenses for laser cutting or welding machines, robotic arms, management systems, and safety equipment.
Setting up the infrastructure for laser automation, which includes dedicated workstations, ventilation systems, and safety standards, also increases the initial outlay. This price investment might be exorbitant for small and medium-sized organizations (SMEs) or businesses with limited resources, prompting them to use manual or less automated procedures instead.
Furthermore, the complexity of integrating laser automation systems with current production processes, as well as the necessity for specialized human training, adds to the overall outlay. As a result, perceived financial risk uncertainty associated with such a substantial upfront investment can deter potential buyers from adopting laser automation solutions, slowing down the growth of the laser automation market.
Laser Automation Market: Opportunities
Surge in demand for high precision and accuracy in industries
The increase in demand for high precision and accuracy is a major driver of the laser automation market’s growth. This demand comes from a variety of industries, including automobiles, electronic devices, aviation, and healthcare, where precision production and processing are required.
Laser automation systems provide precision and accuracy, allowing for delicate cutting, welding, marking, and engraving jobs with remarkable detail and consistency. As companies strive for increased efficiency, quality, and productivity, laser automation solutions become increasingly important for fulfilling tight requirements and tolerances.
Furthermore, advances in laser technology, such as improved beam quality, quicker processing rates, and better flexibility, are driving the use of laser automation in a wide range of applications. As a result, the rising emphasis on high precision and accuracy promotes the growth of the laser automation market as manufacturers seek innovative solutions to stay competitive in today’s demanding industrial landscape.
Laser Automation Market: Segmentation Analysis
Global Laser Automation market is segmented by type, end user and region. Based on type, the market is classified into laser cutting machines, laser marking machines, laser welding machines, precision laser processing systems and others.
Laser Cutting Machine dominated the market in 2023 with a market share of 35.5% and are expected to keep their dominance during the forecast period 2024-2033. Laser cutting machines have been critical in pushing the automation business due to their precision, adaptability, and efficiency.
These devices use laser technology to cut through a variety of materials, including metal, plastic, and wood, with unprecedented precision and speed. This characteristic renders them important in industries such as manufacturing, automotive, aerospace, and electronics, where delicate and complicated components must be manufactured quickly and consistently.
Laser devices decrease labour costs and production time greatly by automating the cutting process, while also minimising waste. Furthermore, advances in laser technology, such as fibre lasers and CO2 lasers, have improved the performance and capacities of these devices, broadening their application across a wide range of sectors.
As a result, the demand for laser cutting equipment continues to grow, accelerating growth in the automation market as manufacturers increasingly adopt these innovative solutions to streamline their production processes and gain a competitive edge in the global market.
Based on end user, the market is classified into automotive, semiconductor & electronics, machine industry, aerospace & defence and others. Automotive dominated the market in 2023 with a market share of 32.5% and is expected to keep its dominance during the forecast period 2024-2033.
The automobile sector is driving development in the laser automation market by using sophisticated laser technology in manufacturing processes. Laser automation systems are transforming car manufacturing by providing precision, speed, and flexibility.
These systems are used for a variety of purposes, including cutting, welding, marking, and surface treatment on automobile components. Laser welding, for example, permits the creation of lightweight and high-strength structures, which improves vehicle efficiency and performance.
Laser marking also guarantees precise and permanent labelling of parts, which improves traceability and quality control in automobile assembly processes. Moreover, the use of laser-based sensors and vision systems enables improved automation and robots for assembly and inspection operations, hence increasing productivity and lowering labour costs.
Ultimately, the automobile sector’s quest for efficient production solutions is pushing the growth of the laser automation market, fostering innovation and competitiveness in the industry.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 13.6 Billion |
| Projected Market Size in 2033 | USD 17.2 Billion |
| Market Size in 2023 | USD 11.3 Billion |
| CAGR Growth Rate | 4.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Laser Automation Market: Regional Analysis
By region, Laser Automation market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Laser Automation market in 2023 with a market share of 38.6% and is expected to keep its dominance during the forecast period 2024-2033.
One major driver is the region’s substantial manufacturing industry, which requires accuracy and efficiency in production processes. Laser automation technologies enable enterprises to increase productivity, improve quality control, and save production costs.
Furthermore, North America’s superior technical infrastructure and experienced labor make it easier to integrate and implement laser automation systems across a wide range of industrial applications.
Furthermore, the region’s concentration on innovation and R&D helps to accelerate the progress of laser automation technology. Companies in North America spend extensively on R&D to create cutting-edge laser systems with improved capabilities such as higher precision, quicker processing rates, and greater flexibility.
These developments address the changing demands of sectors ranging from automotive and aerospace to medical and electronics. Additionally, favourable government programmes and incentives targeted at boosting automation and advanced manufacturing contribute to the growth of laser automation systems in North America.
These programmes include tax breaks for technology investments, financing for research projects, and collaborations among government agencies, academic institutions, and industry participants to promote technological innovation and adoption.
In conclusion, North America’s flourishing industrial ecosystem, technical proficiency, and supportive regulatory environment position the area as a significant driver of development in the laser automation market, encouraging innovation and competition across a variety of sectors.
Laser Automation Market: Recent Developments
- In January 2024, TRUMPF, opened a new production facility. The facility will be located in Pune, Maharashtra, a state in western India.
- In January 2024, Bystronic’s newly introduced ByCut Eco high-power large-format fiber laser cutting machine will be able to provide clients with high-stability, high-quality 2D laser cutting solutions. The efficient production capacity of the ByCut Eco laser cutting machine can provide customers with competitive unit costs. The cutting width of this machine is up to 6 meters and the width is up to 2.5 meters.
- In August 2023, Q-LASER LTD announced an investment in AMADA’s newest manufacturing technology, which included a laser cutter, press brake, and production monitoring software. The AMADA ENSIS-AJ fibre laser cutting machines offer high-speed piercing and fast cutting, making them ideal for a wide range of materials and thicknesses. Available with 3, 6, 9 and 12kW fibre laser engines developed by AMADA using 3 and 4kW diode modules, the ENSIS-AJ range offers a proven way to increase production capacity. The 6, 9 and 12kW versions utilise AMADA’s Auto Collimation system for unrivalled laser beam spot control.
List of the prominent players in the Laser Automation Market:
- Han’s Laser
- Trumpf
- Bystronic
- IPG Photonics
- Amada
- TOSH
- HGTECH
- Trotec
- Prima Power
- Mitsubishi Electric
- Jinan Bodor
- Hymson Laser
- HSG Laser
- DR Laser
- Quick Laser
- CTR Lasers
- Lead Laser
- Gravotech
- LVD Group
- Tianqi Laser
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Laser Automation Market is segmented as follows:
By Type
- Laser Cutting Machine
- Laser Marking Machine
- Laser Welding Machine
- Precision Laser Processing System
- Others
By End User
- Automotive
- Semiconductor & Electronics
- Machine Industry
- Aerospace & Defense
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Laser Automation Market, (2024 – 2033) (USD Billion)
- 2.2 Global Laser Automation Market: snapshot
- Chapter 3. Global Laser Automation Market – Industry Analysis
- 3.1 Laser Automation Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Advancement in Laser Technology
- 3.2.2 Adoption of fiber lasers
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By End User
- Chapter 4. Global Laser Automation Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Laser Automation Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Laser Automation Market – Type Analysis
- 5.1 Global Laser Automation Market Overview: By Type
- 5.1.1 Global Laser Automation Market Share, By Type, 2023 and 2033
- 5.2 Laser Cutting Machine
- 5.2.1 Global Laser Automation Market by Laser Cutting Machine, 2024 – 2033 (USD Billion)
- 5.3 Laser Marking Machine
- 5.3.1 Global Laser Automation Market by Laser Marking Machine, 2024 – 2033 (USD Billion)
- 5.4 Laser Welding Machine
- 5.4.1 Global Laser Automation Market by Laser Welding Machine, 2024 – 2033 (USD Billion)
- 5.5 Precision Laser Processing System
- 5.5.1 Global Laser Automation Market by Precision Laser Processing System, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Laser Automation Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Laser Automation Market Overview: By Type
- Chapter 6. Global Laser Automation Market – End User Analysis
- 6.1 Global Laser Automation Market Overview: By End User
- 6.1.1 Global Laser Automation Market Share, By End User, 2023 and 2033
- 6.2 Automotive
- 6.2.1 Global Laser Automation Market by Automotive, 2024 – 2033 (USD Billion)
- 6.3 Semiconductor & Electronics
- 6.3.1 Global Laser Automation Market by Semiconductor & Electronics, 2024 – 2033 (USD Billion)
- 6.4 Machine Industry
- 6.4.1 Global Laser Automation Market by Machine Industry, 2024 – 2033 (USD Billion)
- 6.5 Aerospace & Defense
- 6.5.1 Global Laser Automation Market by Aerospace & Defense, 2024 – 2033 (USD Billion)
- 6.6 Others
- 6.6.1 Global Laser Automation Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Laser Automation Market Overview: By End User
- Chapter 7. Laser Automation Market – Regional Analysis
- 7.1 Global Laser Automation Market Regional Overview
- 7.2 Global Laser Automation Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Laser Automation Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.4 North America Laser Automation Market, by Type, 2024 – 2033
- 7.4.1 North America Laser Automation Market, by Type, 2024 – 2033 (USD Billion)
- 7.5 North America Laser Automation Market, by End User, 2024 – 2033
- 7.5.1 North America Laser Automation Market, by End User, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Laser Automation Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Laser Automation Market, by Type, 2024 – 2033
- 7.7.1 Europe Laser Automation Market, by Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Laser Automation Market, by End User, 2024 – 2033
- 7.8.1 Europe Laser Automation Market, by End User, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Laser Automation Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Laser Automation Market, by Type, 2024 – 2033
- 7.10.1 Asia Pacific Laser Automation Market, by Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Laser Automation Market, by End User, 2024 – 2033
- 7.11.1 Asia Pacific Laser Automation Market, by End User, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Laser Automation Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Laser Automation Market, by Type, 2024 – 2033
- 7.13.1 Latin America Laser Automation Market, by Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Laser Automation Market, by End User, 2024 – 2033
- 7.14.1 Latin America Laser Automation Market, by End User, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Laser Automation Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Laser Automation Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Laser Automation Market, by Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Laser Automation Market, by Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Laser Automation Market, by End User, 2024 – 2033
- 7.17.1 The Middle-East and Africa Laser Automation Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Han’s Laser
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Trumpf
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Bystronic
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 IPG Photonics
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Amada
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 TOSH
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 HGTECH
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Trotec
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Prima Power
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Mitsubishi Electric
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Jinan Bodor
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Hymson Laser
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 HSG Laser
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 DR Laser
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Quick Laser
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 CTR Lasers
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Lead Laser
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Gravotech
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 LVD Group
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Tianqi Laser
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Han’s Laser
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Han’s Laser
- Trumpf
- Bystronic
- IPG Photonics
- Amada
- TOSH
- HGTECH
- Trotec
- Prima Power
- Mitsubishi Electric
- Jinan Bodor
- Hymson Laser
- HSG Laser
- DR Laser
- Quick Laser
- CTR Lasers
- Lead Laser
- Gravotech
- LVD Group
- Tianqi Laser
- Others
FAQs
The restraints of the Laser Automation market is high initial investment.
The major driver for the laser automation market is advancement in laser technology and adoption of fiber lasers.
The “Laser Cutting Machine” category dominated the market in 2023.
The key players in the market are Han’s Laser, Trumpf, Bystronic, IPG Photonics, Amada, TOSH, HGTECH, Trotec, Prima Power, Mitsubishi Electric, Jinan Bodor, Hymson Laser, HSG Laser, DR Laser, Quick Laser, CTR Lasers, Lead Laser, Gravotech, LVD Group, Tianqi Laser, Others.
“North America” had the largest share in the Laser Automation Market.
The global market is projected to grow at a CAGR of 4.2% during the forecast period, 2024-2033
The Laser Automation Market size was valued at USD 13.6 Billion in 2024.