When compared to other regions, Asia Pacific has been at the forefront of adopting laser marking products and solutions. This is due to a number of advantages, including flexible fiber light, good optical quality, high output power, and small machine size.ĭuring the forecast period, the APAC laser marking market is anticipated to develop at the highest CAGR. The fiber laser is expected to be the most lucrative during the forecast period. This factor is expected to further fuel the laser marking market growth. Codes can demonstrate product traceability and reveal whether a product is authentic or not. Laser marks can be undetectable or clearly apparent.
Laser marking is a quick procedure that can keep up with all production line speeds. Different codes increase intricacy to discourage counterfeiters. A permanent, indelible imprint is produced through laser marking. In spite of the fact that lasers can be used in a wide range of industries and applications, the most common method for preventing counterfeit goods is to brand, engrave, or etch things using lasers. These advantages are expected to further drive the Laser Marking market growth. Each part must be tagged using an approved fireproof method, and the FAA will decide which marks are necessary (such as model, builder, and certification). Similar to this, the Federal Aviation Administration mandates that aircraft engineers designate certain components including engines, propellers, and other things. In order to comply with rules that protect quality, traceability, and other safety criteria, many government organizations want some form of identity. The damage-free procedure includes little to no material penetration, unlike printing systems that will burn down the material by marking. Laser marking ensures clean processing with little contamination because the technique is non-contact. Thus, the increasing use in the automobile industry is expected to drive the growth of the Laser Marking market The lifetime of an automobile or the component part is totally guaranteed by the durability of these markings. Almost any material used in the automotive sector can be marked with legible alphanumeric, barcodes, and data matrix codes using laser marking devices. For consistent traceability and security purposes, automobile parts require clear, consistent markings that must be guaranteed. Laser marking is essential to the automotive sector. Even if the amount can fluctuate from car to vehicle, this will remain the same with a few hundred or thousand difference. The automobile is said to have about 30,000 pieces in total. This aspect is anticipated to drive the Laser Marking market The demand for laser marking machines in the expanding automotive, aerospace, electronics, pharmaceutical, medical, and cosmetic industries for marking on shipper cartons, leather, glass bottles, metals, plastic, and PP labels to ensure brand protection, traceability, and other uses has created a wealth of opportunity for the product in the market. Laser marking machines are in demand as a result of growing industrialization since they are useful for marking and coding applications including logos, QR codes, barcodes, and graphics. TRENDS INFLUENCING THE GROWTH OF LASER MARKING MARKET The expansion of the smart manufacturing industry and the expanding use of laser markers for part identification and traceability are both responsible for the growth of the laser marking market.īrowse The Table of Contents And List of Figures At Major factors driving the growth of the Laser Marking market
The global Laser Marking market size is projected to reach USD 2728.9 million by 2028, from USD 1898.1 million in 2021, at a CAGR of 4.9% during 2022-2028.