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24 January 2022 – Industrial Laser and Systems Market 2021

24 May 2021 — Industrial Laser Market 2020

30 April 2021 — Industrial Laser System Market 2020

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Latest Market Information

Industrial Laser and System Markets Reach New Record Highs

Increase by 22% in 2021 According to Preliminay Estimate

24 January 2022

The global market for industrial laser systems reached a new record high of USD 21.3 billion in 2021, up 22% vs. the previous year. The market for industrial lasers also reached a new record volume of USD 5.2 billion in 2021. The estimates are based on data available by mid January 2022, which includes the financial reports of the first three quarters of the year.

The market for industrial laser systems (laser machines for laser materials processing) increased at an annual average growth rate of 10.5% over the last 35 years. For comparison, the market for machine tools only increased at a rate of about 3% (please see the diagram with the log axis below). During the last 15 years, the laser systems market grew at an average annual rate of 9%. The growth rate is smaller than the average of 13% recorded for the years before. However, until today, the market trend does not indicate saturation.

More information will be added soon.

2021 Global Market for Industrial Laser Systems in USD Billion
2021 Global Market for Industrial Lasers in USD Billion
Laser_Systems_vs_Machine_Tool_Market_2021_Optech_Consulting

For more information on the 2021 market plase see 2021 Laser Market Data.


Demand for Industrial Lasers Up 2% in 2020 in Spite of COVID

Low-Cost kW Class Fiber Lasers in China and Pulsed Lasers for Microprocessing Save the Market

Data published 24 May 2021. For more detailed information on laser system markets in 2020 please see 2020 Laser Market Data.

The global market for industrial lasers reached a volume of USD 4.3 billion in 2020. The market is up 2% vs 2019 (USD 4.2 billion), a remarkable increase given the fierce macro-economic background set by COVID-19. Geographically, the increase was mainly due to China. By product segment, the increase was due surging sales of low cost high power cw fiber lasers and, to a lesser extent, due to pulsed lasers for microprocessing.

Global Market for Lasers for Materials Processing 2020 by Laser Type

The 2020 market comprises fiber lasers (51% market share), gas lasers (25%), as well as bulk solid state and diode lasers (24%). The share of fiber lasers grew from less than 15% in 2010 to more than 50% in 2020. The substitution of CO2 lasers by fiber lasers was the dominating market trend in the past decade. Today, most gas lasers are used for wavelength specific applications, and the majority of bulk solid state lasers are used for short pulse and short wavelength applications, which are not easily addressed by fiber lasers. At present, major trends in the laser market include a continued price decrease and improved laser parameters, which both lead to an extended range of applications and strong unit growth.


Industrial Laser Systems Market Ends 2020 with a 2% Decrease
Demand in Asia Grows in Spite of COVID

Data published 30 April 2021. For more detailed information on laser markets in 2020 please see 2020 Laser Market Data.

The global market for laser systems for materials processing accounted for USD 17.4 billion in 2020, down 2% vs. the previous year. The decrease is remarably moderate given the macro-economic environment in 2020, which was characterized by a decrease of the global GDP by 3.5% (IMF, April 2021). The moderate decrease of the laser systems market is also in contrast to the sharp 20% decrease of the global machine tool market in 2020.

Optech Consulting Global Market for Laser Materials Processing Systems

The global market for laser materials processing systems grew by an accumulated 50% from 2016 to 2018. In 2019 it decreased by 10% followed by a 2% decrease in 2020. The 2021 market indication of USD 19.5 billion corresponds to a 12% increase vs. 2020.


2019 Laser Materials Processing Systems Market Reaches $ 17.9 billion, Down 9%

Data published 10 January April 2020. For more detailed information on laser and laser system markets in 2019 please see 2019 Laser Market Data.

The global market for laser systems for materials processing reached a volume of $ 17.9 billion in 2019, down 9% vs the previous year. The 2019 market estimate is based on data for the first three quarters and company guidances for the fourth quarter. The decrease in 2019 follows nine years of continued growth. The industrial laser systems market grew from $ 5.3 billion in 2009 to a record volume of $ 19.8 billion in 2018. In 2017 and 2018 alone the market increased by 50% due to a combination of drivers including the rapid adoption of laser manufacturing in China, a market push by decreased laser prices, and an end market pull in the consumer electronics and automotive industry.
Continue reading: 2019 Laser Materials Processing Systems Market Reaches $ 17.9 billion, Down 9%

Global Market for Laser Systems in Materials Processing
Global Market for Laser Systems in Materials Processing

Laser Market Overview

Optech Consulting covers the laser market since 1992. The data in our market reports is based on primary market research and numerous  discussions with companies, worldwide.

Below, we provide aggregated data from our market research.

The following definitions apply:

  • A “laser source” is a laser.
  • A “laser system” is a system (machine) including a laser.
  • Exceptions:
    • For microlithography we count the DUV or EUV light source as the system. We do not include the full value of the wafer stepper/scanner.
    • For FPD annealing we count the laser source and the projection optics as the system.


Global Market for Lasers and Laser Systems for Materials Processing 2021 (preliminary)

 USD Billion
Global laser market5.2
Global laser systems market21.3
Global Market for Industrial Lasers and Laser Systems in USD Billion

Global Market for Laser Systems for Materials Processing, by Year in EUR / USD Billion

Year198619971998199920002001200220032004200520062007
World Market in EUR Billion0.69 2.32.93.24.74.53.93.74.74.86.16.35
World Market in USD Billion0.64 2.63.33.44.34.03.74.25.86.07.78.7
Year20082009201020112012201320142015201620172018201920202021(e)
World Market in EUR Billion6.43.85.97.27.98.08.810.711.715.016.815.915.317.9
World Market in USD Billion9.45.27.910.010.210.711.811.813.016.919.817.917.421.3
             
Global Market for Industrial Laser Systems 1986 to 2020 in USD Billion and in EUR Billion


2018 Market for Lasers and Laser Systems for Materials Processing

Please follow the link for more information on the 2018 market.

 


2017 Market for Lasers and Laser Systems for Materials Processing

The following diagrams show historic market data.