May 22, 2024

Laser Automation Market is Transforming Manufacturing Processes with AI-integrated Solutions

The laser automation market primarily includes laser processing machines integrated with advanced manufacturing technologies such as artificial intelligence, predictive maintenance capabilities, and Internet of Things. Key products in this market include laser cutting machines, laser welding machines, laser marking machines, and laser ablation equipment. These solutions provide benefits such as high precision, flexibility, minimal material wastage, and ability to process non-conventional materials in various industrial applications such as automotive, aerospace & defense, electronics and telecommunications.

The Global laser automation market is estimated to be valued at US$ 6.48 Billion in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the laser automation market are Trumpf GmbH + Co. KG, Coherent, Inc., IPG Photonics Corporation, Han’s Laser Technology Industry Group Co., Ltd., Rofin-Sinar Technologies Inc., Jenoptik AG, Amada Miyachi America, Inc., Newport Corporation, and Fanuc Corporation.

Growing demand from industries such as automotive, electronics and medical devices is expected to drive the growth of the laser automation market. Laser processing enables improvements in design, quality and productivity in manufacturing processes of various components.

Increasing investments by major players to expand their global footprint through new facilities and acquisitions is anticipated to boost the demand for laser automation solutions across geographies over the coming years.

Market key trends

Artificial intelligence (AI) integration with laser machines is a key trend witnessed in the laser automation market. AI enables capabilities such as predictive quality control, remote monitoring, preventive maintenance in laser processing equipment. This improves efficiency, minimizes downtime and helps achieve superior quality standards. Growing R&D to integrate advanced technologies with laser machines will remain an important trend shaping the future of this market.

Porter’s Analysis
Threat of new entrants: High capital requirements and existing economies of scale of estabilished players make threat of new entrants low.
Bargaining power of buyers: Global customer base leads to fragmented buyer power with no single buyer holding significant influence.
Bargaining power of suppliers: Estabilished supply networks and availability of substitute components keeps supplier power in check.
Threat of new substitutes: Technological innovation continuously introduces new substitutes, thereby threat of new substitutes is high.
Competive rivalry: Presence of numerous global and regional players leads to intense competition.

Geographically, North America holds the largest share in the laser automaton market in terms of value owing to strong presence of major manufacturers and progressive adoption of automation across end-use industries in the US and Canada. Asia Pacific is the fastest growing regional market led by rapidly expanding electronics and automotive industries in China, India, Japan and South Korea. Rising labor costs and focus toward quality and productivity are supporting increased laser automation integration.

Geographically, Europe accounts for significant market share led by highly developed industrial and manufacturing infrastructure in Germany, Italy, UK and France. Strong automotive industry and emphasis on Industry 4.0 additionally stimulates European laser automation uptake.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it