The global laser processing market size was estimated at USD 23.7 billion in 2024 and is projected to reach USD 42.73 billion by 2030, growing at a CAGR of 10.0% from 2025 to 2030. Laser processing technology plays a crucial role in additive manufacturing, particularly in advanced methods such as selective laser melting (SLM) and laser sintering, which are widely used for working with metals and high-performance polymers.

These laser-based additive manufacturing techniques allow producers to build highly complex and lightweight components layer-by-layer, which is especially beneficial in demanding industries like aerospace, automotive, and healthcare. The precision provided by laser processing results in high-quality parts with minimal material waste, making it ideal for rapid prototyping and highly customized production. As the adoption of 3D printing technologies continues to rise, the significance of laser processing within additive manufacturing is expected to expand further, driving market growth.

In addition to additive manufacturing, the renewable energy sector is increasingly utilizing laser processing technologies. For instance, in solar panel manufacturing, laser processing is valued for its ability to achieve precise and intricate scribing and cutting, which directly improves the energy capture efficiency of photovoltaic cells. By creating finer and more exact microstructures on solar cells, lasers contribute to producing more efficient and reliable solar panels. Beyond solar energy, laser technology is also instrumental in the fabrication of energy storage devices such as lithium-ion batteries, which are critical components for storing renewable energy. As the global emphasis on renewable energy continues to grow, the demand for precise and advanced laser processing solutions is anticipated to rise in tandem, reinforcing the technology’s importance across multiple sectors.

Key Market Trends & Insights:

• In 2024, the North America laser processing market held a substantial revenue share exceeding 29%, underscoring the region’s prominent position in the global industry. This strong presence is driven by widespread adoption of laser technologies across various industrial sectors, coupled with ongoing technological advancements and increasing investments in laser-based applications.

• Within North America, the U.S. market for laser processing is poised for steady growth, with forecasts indicating a positive compound annual growth rate (CAGR) from 2025 to 2030. This growth trajectory is fueled by the country's robust industrial base and continuous innovation in laser applications.

• Looking at the market from a product perspective, the gas lasers segment dominated in 2024, contributing to more than 65% of the total global revenue. Gas lasers are favored for their efficiency and precision, making them essential in a wide range of applications, including manufacturing, medical, and communication technologies.

• From the standpoint of processing types, the material processing segment accounted for the largest share of market revenue in 2024. This segment encompasses various applications such as cutting, welding, engraving, and surface treatment, where laser processing offers unparalleled accuracy, speed, and quality, making it indispensable for modern manufacturing.

• In terms of end-use industries, the machine tools segment led the market revenue share in 2024. This highlights the importance of laser processing in enhancing the capabilities of machine tools, which are critical for producing high-precision components used in numerous sectors, including automotive, aerospace, and electronics. The integration of laser technologies into machine tools enables improved productivity and product quality, driving the segment’s dominant market position.

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Market Size & Forecast:

• 2024 Market Size: USD 23.7 Billion

• 2030 Projected Market Size: USD 42.73 Billion

• CAGR (2025-2030): 10.0%

• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

Key players in the laser processing market, such as IPG Photonics Corporation, Trumpf GmbH + Co. KG, Bystronic Laser AG, Amada Co., Ltd., and Coherent Inc., are actively implementing strategies aimed at broadening their global presence and strengthening their competitive positions. These companies are expanding and diversifying their product portfolios through a variety of strategic approaches, including partnerships, mergers, acquisitions, and collaborative ventures. Additionally, they are focusing on the development of advanced technologies that incorporate artificial intelligence (AI), which helps improve contract management and overall operational efficiency. This strategic integration of AI and other innovations addresses the increasing market demand for enhanced security and transparency within the industry. By continuously evolving their technological expertise, these companies are well-positioned to respond effectively to shifting market conditions and sustain a leading edge in this competitive landscape.

IPG Photonics Corporation stands out as a global leader specializing in high-performance fiber lasers. The company provides cutting-edge solutions for applications such as cutting, welding, marking, and engraving, serving multiple industries including automotive, aerospace, and manufacturing. IPG is renowned for delivering products characterized by their precision, reliability, and energy efficiency, making their fiber lasers ideal for high-volume industrial production environments. The company’s commitment to extensive research and development ensures ongoing technological advancements, which helps IPG continually expand its market share and introduce innovative laser solutions.

Similarly, Trumpf GmbH + Co. KG is recognized as a leading provider of laser technology and industrial machine tools, with a particular emphasis on laser cutting, welding, and additive manufacturing processes. Trumpf’s laser systems are extensively utilized in high-demand industries such as automotive, aerospace, and electronics, where high-precision and high-speed applications are critical. The company offers a broad range of laser technologies, including both solid-state and fiber lasers, tailored to meet the specific needs of diverse sectors. Moreover, Trumpf is at the forefront of innovation in laser-based 3D printing technologies, reinforcing its strong leadership position in the global market and driving future growth opportunities.

Key Players

• Altec GmbH

• Alpha Nov laser

• Amada Co., Ltd.

• Bystronic Laser AG

• Coherent Inc.

• Epilog Laser, Inc.

• Eurolaser GmbH

• Han's Laser Technology Industry Group Co., Ltd.

• IPG Photonics Corporation

• Newport Corporation (MKS Instruments, Inc.)

• LaserStar Technologies Corporation

• Coherent Inc.

• IPG Photonics Corporation

• Newport Corporation

• Trumpf GmbH + Co. KG

• Universal Laser Systems, Inc.

• Xenetech Global Inc.

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Conclusion:

The global laser processing market is experiencing significant growth, driven by advancements in additive manufacturing, particularly in selective laser melting (SLM) and laser sintering for metals and high-performance polymers. These technologies enable the creation of complex, lightweight parts, benefiting sectors such as aerospace, automotive, and medical industries. Additionally, the renewable energy sector, especially solar panel manufacturing, is adopting laser processing for its precision and ability to enhance energy capture efficiency. As industries continue to prioritize sustainability and efficiency, the demand for laser processing solutions is expected to rise, shaping the future of manufacturing and energy sectors.