Global Laser Micromachining Tools Market Size study & Forecast, by Application, by Process, by End-User and Regional Analysis, 2023-2030

PUBLISHED: March 22, 2024

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Global Laser Micromachining Tools Market is valued at approximately USD 324.06 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% during the forecast period 2023-2030. Laser micromachining tools are a specialized category of equipment designed for precision material processing at the microscale using laser technology. These tools leverage the unique properties of lasers, such as high intensity, coherence, and focused beams, to perform intricate and accurate operations on various materials, including metals, polymers, ceramics, and semiconductors. These tools enable tasks such as cutting, drilling, engraving, and surface modification with micron-level precision, offering advantages such as minimal heat-affected zones and non-contact processing. The Laser Micromachining Tools Market is expanding because of factors such as the increasing demand for miniaturized components, the growing semiconductor industry and the rising deployment of industrial robots.

The rising deployment of industrial robots is a key driver behind the growth of the Laser Micromachining Tools Market. As industries increasingly adopt automation and robotics to enhance efficiency and precision in manufacturing processes, there is a growing demand for advanced tools such as laser micromachining systems. Industrial robots often require highly precise machining tools for tasks such as cutting, drilling, and engraving in various materials at a microscale level. Laser micromachining tools offer unparalleled precision, speed, and versatility, making them ideal for integration with robotic systems. This integration enables manufacturers to achieve higher levels of automation while maintaining tight tolerances and achieving intricate designs. Consequently, as the use of industrial robots continues to rise across sectors such as automotive, electronics, medical devices, and aerospace, the demand for laser micromachining tools is expected to grow significantly, driving the expansion of the market. According to the International Federation of Robotics, in June 2022, the global shipment of industrial robots reached approximately 486,800 units, marking a significant 27% increase compared to the previous year in 2021. Additionally, the report reveals that the installation of industrial robots showed substantial growth, with installations rising from 3,919,000 units in 2019 to 5,170,000 units in 2021. Thus, the rising adoption of industrial robots is driving market growth. In addition, rising demand in the aerospace industry and rising medical device manufacturing are some factors creating new opportunities for market growth. However, the availability of alternative technologies and high initial costs of machinery stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laser Micromachining Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to the proliferation of manufacturing facilities and the burgeoning domestic production of batteries and electric vehicles, automotive manufacturers are significantly investing in new manufacturing plants to cater to the escalating consumer demand. This surge in production capacity is not limited to electric vehicle assembly lines and extends to encompass robust growth in electronics manufacturing sectors across both developed and emerging economies. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as surging demand for consumer electronics, optoelectronics, and the burgeoning electric vehicle manufacturing sector is positively impacting Asian countries, with China, India, and Japan at the forefront of a transition towards electrification in automotive and other industries such as optoelectronics and consumer electronics. Companies are strategically establishing semiconductor-based device manufacturing facilities to cater to industrial utility applications. The shift towards electric vehicle manufacturing and the production of optoelectronics devices in emerging economies such as India and Indonesia are anticipated to drive the demand for laser micromachining tools.

Major market player included in this report are:

Coherent Inc.
IPG Photonics Corporation
Trumpf Group
GF Machining Solutions Management S.A.
Jenoptik AG
3D-Micromac AG
Han's Laser Technology Industry Group Co., Ltd.
Lumentum Holdings Inc.
MKS Instruments, Inc.
Makino Milling Machine Co., Ltd.

Recent Developments in the Market:

In September 2022, The LASEA Group successfully acquired CHEVAL, a company based in France known for its expertise in designing and manufacturing products and solutions tailored for laser micro-cutting applications. This strategic move by the LASEA Group aims to diversify and enhance its product portfolio while extending its market presence.
In May 2021, 3-D Micromac AG introduced a cutting-edge product named microCETI, a laser micromachining platform designed to facilitate three-dimensional laser processes in the manufacturing of microLED displays. This platform ensures precise and high-precision material processing, contributing to advancements in microLED display manufacturing technology.

Global Laser Micromachining Tools Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Application, Process, End-User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Drilling
Cutting & Milling
Marking & Engraving
Scribing
Texturing & Patterning
Structuring
Others

By Process:

Additive
Subtractive

By Application:

Automotive
Aerospace and Defense
Medical and Pharmaceuticals
Electronic Products
Optoelectronics and Photonics
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Laser Micromachining Tools Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Laser Micromachining Tools Market, by Application, 2020-2030 (USD Million)
- 1.2.3.Laser Micromachining Tools Market, by Process, 2020-2030 (USD Million)
- 1.2.4.Laser Micromachining Tools Market, by End-User, 2020-2030 (USD Million)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Laser Micromachining Tools Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Laser Micromachining Tools Market Dynamics

3.1.Laser Micromachining Tools Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Increasing demand for miniaturized components
  - 3.1.1.2.Growing semiconductor industry
  - 3.1.1.3.Rising deployment of industrial robots
- 3.1.2.Market Challenges
  - 3.1.2.1.Availability of alternative technologies
  - 3.1.2.2.High initial costs of machinery
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising demand in the aerospace industry
  - 3.1.3.2.Rising medical device manufacturing

Chapter 4.Global Laser Micromachining Tools Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Laser Micromachining Tools Market, by Application

5.1.Market Snapshot
5.2.Global Laser Micromachining Tools Market by Application, Performance - Potential Analysis
5.3.Global Laser Micromachining Tools Market Estimates & Forecasts by Application 2020-2030 (USD Million)
5.4.Laser Micromachining Tools Market, Sub Segment Analysis
- 5.4.1. Drilling
- 5.4.2. Cutting & Milling
- 5.4.3. Marking & Engraving
- 5.4.4. Scribing
- 5.4.5. Texturing & Patterning
- 5.4.6. Structuring
- 5.4.7. Others

Chapter 6.Global Laser Micromachining Tools Market, by Process

6.1.Market Snapshot
6.2.Global Laser Micromachining Tools Market by Process, Performance - Potential Analysis
6.3.Global Laser Micromachining Tools Market Estimates & Forecasts by Process 2020-2030 (USD Million)
6.4.Laser Micromachining Tools Market, Sub Segment Analysis
- 6.4.1. Additive
- 6.4.2. Subtractive

Chapter 7.Global Laser Micromachining Tools Market, by End-User

7.1.Market Snapshot
7.2.Global Laser Micromachining Tools Market by End-User, Performance - Potential Analysis
7.3.Global Laser Micromachining Tools Market Estimates & Forecasts by End-User 2020-2030 (USD Million)
7.4.Laser Micromachining Tools Market, Sub Segment Analysis
- 7.4.1. Automotive
- 7.4.2. Aerospace and Defense
- 7.4.3.Medical and Pharmaceuticals
- 7.4.4. Electronic Products
- 7.4.5. Optoelectronics and Photonics
- 7.4.6. Others

Chapter 8.Global Laser Micromachining Tools Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Laser Micromachining Tools Market, Regional Market Snapshot
8.4.North America Laser Micromachining Tools Market
- 8.4.1.U.S. Laser Micromachining Tools Market
  - 8.4.1.1.Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Process breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.End-User breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Laser Micromachining Tools Market
8.5.Europe Laser Micromachining Tools Market Snapshot
- 8.5.1.U.K. Laser Micromachining Tools Market
- 8.5.2.Germany Laser Micromachining Tools Market
- 8.5.3.France Laser Micromachining Tools Market
- 8.5.4.Spain Laser Micromachining Tools Market
- 8.5.5.Italy Laser Micromachining Tools Market
- 8.5.6.Rest of Europe Laser Micromachining Tools Market
8.6.Asia-Pacific Laser Micromachining Tools Market Snapshot
- 8.6.1.China Laser Micromachining Tools Market
- 8.6.2.India Laser Micromachining Tools Market
- 8.6.3.Japan Laser Micromachining Tools Market
- 8.6.4.Australia Laser Micromachining Tools Market
- 8.6.5.South Korea Laser Micromachining Tools Market
- 8.6.6.Rest of Asia Pacific Laser Micromachining Tools Market
8.7.Latin America Laser Micromachining Tools Market Snapshot
- 8.7.1.Brazil Laser Micromachining Tools Market
- 8.7.2.Mexico Laser Micromachining Tools Market
8.8.Middle East & Africa Laser Micromachining Tools Market
- 8.8.1.Saudi Arabia Laser Micromachining Tools Market
- 8.8.2.South Africa Laser Micromachining Tools Market
- 8.8.3.Rest of Middle East & Africa Laser Micromachining Tools Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1. Coherent Inc.
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Recent Developments
- 9.3.2. IPG Photonics Corporation
- 9.3.3.Trumpf Group
- 9.3.4.GF Machining Solutions Management S.A
- 9.3.5.Jenoptik AG
- 9.3.6.3D-Micromac AG
- 9.3.7.Han's Laser Technology Industry Group Co., Ltd.
- 9.3.8.Lumentum Holdings Inc.
- 9.3.9.MKS Instruments, Inc.
- 9.3.10.Makino Milling Machine Co., Ltd.

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Laser Micromachining Tools Market, report scope
TABLE 2.Global Laser Micromachining Tools Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3.Global Laser Micromachining Tools Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 4.Global Laser Micromachining Tools Market estimates & forecasts by Process 2020-2030 (USD Million)
TABLE 5.Global Laser Micromachining Tools Market estimates & forecasts by End-User 2020-2030 (USD Million)
TABLE 6.Global Laser Micromachining Tools Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7.Global Laser Micromachining Tools Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8.Global Laser Micromachining Tools Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9.Global Laser Micromachining Tools Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10.Global Laser Micromachining Tools Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11.Global Laser Micromachining Tools Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12.Global Laser Micromachining Tools Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13.Global Laser Micromachining Tools Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14.Global Laser Micromachining Tools Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15.Global Laser Micromachining Tools Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16.U.S. Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17.U.S. Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18.U.S. Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19.Canada Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20.Canada Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21.Canada Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22.UK Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23.UK Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24.UK Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25.Germany Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26.Germany Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27.Germany Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28.France Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29.France Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30.France Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31.Italy Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32.Italy Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33.Italy Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34.Spain Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35.Spain Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36.Spain Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37.RoE Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38.RoE Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39.RoE Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40.China Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41.China Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42.China Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43.India Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44.India Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45.India Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46.Japan Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47.Japan Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48.Japan Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49.South Korea Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50.South Korea Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51.South Korea Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52.Australia Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53.Australia Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54.Australia Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55.RoAPAC Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56.RoAPAC Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57.RoAPAC Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58.Brazil Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59.Brazil Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60.Brazil Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61.Mexico Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62.Mexico Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63.Mexico Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64.RoLA Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65.RoLA Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66.RoLA Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67.Saudi Arabia Laser Micromachining Tools Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68.South Africa Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69.RoMEA Laser Micromachining Tools Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70.List of secondary sources, used in the study of global Laser Micromachining Tools Market
TABLE 71.List of primary sources, used in the study of global Laser Micromachining Tools Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Laser Micromachining Tools Market, research methodology
FIG 2.Global Laser Micromachining Tools Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Laser Micromachining Tools Market, key trends 2022
FIG 5.Global Laser Micromachining Tools Market, growth prospects 2023-2030
FIG 6.Global Laser Micromachining Tools Market, porters 5 force model
FIG 7.Global Laser Micromachining Tools Market, pest analysis
FIG 8.Global Laser Micromachining Tools Market, value chain analysis
FIG 9.Global Laser Micromachining Tools Market by segment, 2020 & 2030 (USD Million)
FIG 10.Global Laser Micromachining Tools Market by segment, 2020 & 2030 (USD Million)
FIG 11.Global Laser Micromachining Tools Market by segment, 2020 & 2030 (USD Million)
FIG 12.Global Laser Micromachining Tools Market by segment, 2020 & 2030 (USD Million)
FIG 13.Global Laser Micromachining Tools Market by segment, 2020 & 2030 (USD Million)
FIG 14.Global Laser Micromachining Tools Market, regional snapshot 2020 & 2030
FIG 15.North America Laser Micromachining Tools Market 2020 & 2030 (USD Million)
FIG 16.Europe Laser Micromachining Tools Market 2020 & 2030 (USD Million)
FIG 17.Asia pacific Laser Micromachining Tools Market 2020 & 2030 (USD Million)
FIG 18.Latin America Laser Micromachining Tools Market 2020 & 2030 (USD Million)
FIG 19.Middle East & Africa Laser Micromachining Tools Market 2020 & 2030 (USD Million)