Laser Processing Market Size To Reach $42.73 Billion By 2030

Laser Processing Market Growth & Trends

The global laser processing market size is expected to reach USD 42.73 billion by 2030, registering a CAGR of 10.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising utilization of expensive laser-drilling techniques for oil and gas exploration purposes is projected to substitute the traditional methods. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits, thus positively impacting the market growth. The growing need for this type of processing in industrial solar modules is further expected to fuel the market growth.

The requirement for laser technology in the medical sector is projected to witness significant growth due to increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements leading to enhanced edge quality and cutting speeds are anticipated to offer growth avenues for the market. Furthermore, the manufacturing sector has increased the adoption of laser technology for processing the material due to many advantages over traditional material processing, which is expected to be one of the major factors driving the market.

Significant investments by the market players in R&D are fueling the growth of the market. For instance, Fudan University researchers led by Profs. X. Wu, M. Lu, and S.-Y. Zhang produced an all-silicon laser with high optical gains using silicon nanocrystals. Silicon nanocrystals are similar to GaAs and InP. All-silicon laser combines optoelectronics and microelectronics used in various fields such as sensing, communication, displays, detection, and imaging.

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Laser Processing Market Report Highlights

• The gas lasers segment led the market in 2024, accounting for over 65% of the global revenue. Laser cutting is increasingly used for processing metals and alloys, allowing for fast, precise cuts with minimal waste.

• The material processing segment accounted for the largest market revenue share in 2024. Laser processing is essential for metals due to its ability to achieve precise cuts, welds, and engravings, which are highly valued in the automotive and aerospace industries.

• The machine tools segment accounted for the largest market revenue share in 2024. Fiber lasers are increasingly popular in machine tools due to their high efficiency, power output, and lower maintenance requirements compared to CO? lasers.

• North America laser processing market has a significant revenue share of over 29% in 2024. North America is witnessing strong growth in laser processing, largely driven by the automotive and aerospace industries.

• The laser processing market in the Asia Pacific region is anticipated to register the highest CAGR over the forecast period.

Laser Processing Market Segmentation

Grand View Research has segmented global laser processing market based on product, process, end-use, and region:

Laser Processing Product Outlook (Revenue, USD Million; 2018 - 2030)

• Gas Lasers

• Solid-state Lasers

• Fiber Lasers

• Others

Laser Processing Process Outlook (Revenue, USD Million; 2018 - 2030)

• Material Processing

• Marking and Engraving

• Micro-Processing

Laser Processing End-use Outlook (Revenue, USD Million; 2018 - 2030)

• Automotive

• Aerospace

• Machine Tools

• Electronics and Microelectronics

• Medical

• Packaging

Laser Processing Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • UAE

  • South Africa

  • Saudi Arabia

List of Key Players of Laser Processing Market

• 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.