The Latin America, Middle East and Africa Laser Processing Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Laser processing is non-contact, the tool would not produce additional resistance by grinding with the workpiece's surface. As a result, laser processing at high speeds would be influenced by a reduced range of heating when processing items, and does not produce noise. Laser processing can be applied to various levels and ranges since the laser beam's energy and speed of travel can be changed.
A laser beam is simple to manage, and it's simple to combine with accuracy equipment, precision measuring instruments, and an electronic computer to achieve high processing automation and accuracy. The robot can be utilized for laser processing in hostile locations or places where human contact is problematic.
Laser processing of various types of ceramics, such as alumina, silicon carbide, zirconia, and others, is crucial for several tribological, structural, optical, and electronics applications. Since these materials absorb infrared light readily, CO2 and Nd: YAG lasers have largely been utilized in their drilling applications.
Iran is the Middle East's second-largest country in terms of population. It boasts the largest automobile industry in the world, with 70 million possible customers. Second, only to the oil and gas industry, the automotive industry contributes 10% of Iran's GDP and 4% of its workforce. In Iran, there are roughly 13 public and private automakers, with IKCO and SAIPA accounting for roughly 94% of local manufacturing.
South Africa is ranked 22nd in the automobile manufacture, with a 0.58 percent market share. On the back of rising foreign direct investment and trade, the South African automotive industry's growth strategies have been centered on becoming deeply connected to the major car environment. The goal of the South African Automotive Masterplan (SAAM) 2021-2035 is for South Africa to generate 1% of vehicle production, or 1,4 million automobiles per year, by 2035, significantly improving the country's standing and vehicle production ranking.
As a result, the automotive industry is playing an extremely crucial strategic and catalytic role in the overall South African economy, influencing many important economic policy goals directly, including GDP contribution, work opportunities, skills enhancement, economic relations, technology, and innovation. The growing opportunities and growing oil industries accelerate the growth of laser processing this region.
The Brazil market dominated the LAMEA Laser Processing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $605.9 million by 2028. The Argentina market is anticipated to grow at a CAGR of 13.2% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 12.2% during (2022 - 2028).
Based on Process, the market is segmented into Material Processing, Marking & Engraving, Micro-Processing. Based on Application, the market is segmented into Machine Tools, Electronics and Microelectronics, Automotive, Medical, Packaging, Aerospace, and Others. Based on Product, the market is segmented into Gas Lasers, Solid-state Lasers, Fiber Lasers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Laser Processing Market is Predict to reach $31.4 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., IPG Photonics Corporation, Lumentum Holdings, Inc., Jenoptik AG, TRUMPF GmbH + Co. KG, Han’s Laser Technology Industry Group Co., Ltd., Epilog Laser, LUMIBIRD, LaserStar Technologies Corporation, and Gravotech Marking.
Scope of the Study
Market Segments Covered in the Report:
By Process
- Material Processing
- Marking & Engraving
- Micro-Processing
By Application
- Machine Tools
- Electronics and Microelectronics
- Automotive
- Medical
- Packaging
- Aerospace
- Others
By Product
- Gas Lasers
- Solid-state Lasers
- Fiber Lasers
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Coherent, Inc.
- IPG Photonics Corporation
- Lumentum Holdings, Inc.
- Jenoptik AG
- TRUMPF GmbH + Co. KG
- Han’s Laser Technology Industry Group Co., Ltd.
- Epilog Laser
- LUMIBIRD
- LaserStar Technologies Corporation
- Gravotech Marking
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Laser Processing Market, by Process
1.4.2 LAMEA Laser Processing Market, by Application
1.4.3 LAMEA Laser Processing Market, by Product
1.4.4 LAMEA Laser Processing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2022, Apr) Leading Players
Chapter 4. LAMEA Laser Processing Market by Process
4.1 LAMEA Material Processing Market by Country
4.2 LAMEA Marking & Engraving Market by Country
4.3 LAMEA Micro-Processing Market by Country
Chapter 5. LAMEA Laser Processing Market by Application
5.1 LAMEA Machine Tools Market by Country
5.2 LAMEA Electronics and Microelectronics Market by Country
5.3 LAMEA Automotive Market by Country
5.4 LAMEA Medical Market by Country
5.5 LAMEA Packaging Market by Country
5.6 LAMEA Aerospace Market by Country
5.7 LAMEA Others Market by Country
Chapter 6. LAMEA Laser Processing Market by Product
6.1 LAMEA Gas Lasers Market by Country
6.2 LAMEA Solid-state Lasers Market by Country
6.3 LAMEA Fiber Lasers Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Laser Processing Market by Country
7.1 Brazil Laser Processing Market
7.1.1 Brazil Laser Processing Market by Process
7.1.2 Brazil Laser Processing Market by Application
7.1.3 Brazil Laser Processing Market by Product
7.2 Argentina Laser Processing Market
7.2.1 Argentina Laser Processing Market by Process
7.2.2 Argentina Laser Processing Market by Application
7.2.3 Argentina Laser Processing Market by Product
7.3 UAE Laser Processing Market
7.3.1 UAE Laser Processing Market by Process
7.3.2 UAE Laser Processing Market by Application
7.3.3 UAE Laser Processing Market by Product
7.4 Saudi Arabia Laser Processing Market
7.4.1 Saudi Arabia Laser Processing Market by Process
7.4.2 Saudi Arabia Laser Processing Market by Application
7.4.3 Saudi Arabia Laser Processing Market by Product
7.5 South Africa Laser Processing Market
7.5.1 South Africa Laser Processing Market by Process
7.5.2 South Africa Laser Processing Market by Application
7.5.3 South Africa Laser Processing Market by Product
7.6 Nigeria Laser Processing Market
7.6.1 Nigeria Laser Processing Market by Process
7.6.2 Nigeria Laser Processing Market by Application
7.6.3 Nigeria Laser Processing Market by Product
7.7 Rest of LAMEA Laser Processing Market
7.7.1 Rest of LAMEA Laser Processing Market by Process
7.7.2 Rest of LAMEA Laser Processing Market by Application
7.7.3 Rest of LAMEA Laser Processing Market by Product
Chapter 8. Company Profiles
8.1 Coherent, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 IPG Photonics Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.3 Lumentum Holdings, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Jenoptik AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 TRUMPF GmbH + Co. KG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Han's Laser Technology Industry Group Co., Ltd.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Geographical Expansions:
8.7 Epilog Laser
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.8 LUMIBIRD
8.8.1 Company Overview
8.9 LaserStar Technologies Corporation
8.9.1 Company Overview
8.10. Gravotech Marking
8.10.1 Company Overview
TABLE 1 LAMEA Laser Processing Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Laser Processing Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Laser Processing Market
TABLE 4 Product Launches And Product Expansions– Laser Processing Market
TABLE 5 Acquisition and Mergers– Laser Processing Market
TABLE 6 Geographical expansions- Laser Processing Market
TABLE 7 LAMEA Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 8 LAMEA Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 9 LAMEA Material Processing Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Material Processing Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Marking & Engraving Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Marking & Engraving Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Micro-Processing Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Micro-Processing Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 16 LAMEA Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 17 LAMEA Machine Tools Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Machine Tools Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Electronics and Microelectronics Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Electronics and Microelectronics Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Automotive Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Automotive Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Medical Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Medical Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Packaging Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Packaging Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 32 LAMEA Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 33 LAMEA Gas Lasers Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Gas Lasers Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Solid-state Lasers Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Solid-state Lasers Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Fiber Lasers Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Fiber Lasers Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Laser Processing Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Laser Processing Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Laser Processing Market, 2018 - 2021, USD Million
TABLE 44 Brazil Laser Processing Market, 2022 - 2028, USD Million
TABLE 45 Brazil Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 46 Brazil Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 47 Brazil Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 48 Brazil Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 49 Brazil Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 50 Brazil Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 51 Argentina Laser Processing Market, 2018 - 2021, USD Million
TABLE 52 Argentina Laser Processing Market, 2022 - 2028, USD Million
TABLE 53 Argentina Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 54 Argentina Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 55 Argentina Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 56 Argentina Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 57 Argentina Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 58 Argentina Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 59 UAE Laser Processing Market, 2018 - 2021, USD Million
TABLE 60 UAE Laser Processing Market, 2022 - 2028, USD Million
TABLE 61 UAE Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 62 UAE Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 63 UAE Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 64 UAE Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 65 UAE Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 66 UAE Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Laser Processing Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Laser Processing Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 75 South Africa Laser Processing Market, 2018 - 2021, USD Million
TABLE 76 South Africa Laser Processing Market, 2022 - 2028, USD Million
TABLE 77 South Africa Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 78 South Africa Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 79 South Africa Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 80 South Africa Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 81 South Africa Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 82 South Africa Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 83 Nigeria Laser Processing Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Laser Processing Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 86 Nigeria Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 87 Nigeria Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 88 Nigeria Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 89 Nigeria Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 90 Nigeria Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Laser Processing Market, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Laser Processing Market, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Laser Processing Market by Process, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Laser Processing Market by Process, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Laser Processing Market by Application, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Laser Processing Market by Application, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Laser Processing Market by Product, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Laser Processing Market by Product, 2022 - 2028, USD Million
TABLE 99 Key Information – Coherent, Inc.
TABLE 100 Key Information – IPG Photonics Corporation
TABLE 101 Key Information – Lumentum Holdings, Inc.
TABLE 102 Key Information – Jenoptik AG
TABLE 103 Key Information – TRUMPF GmbH + Co. KG
TABLE 104 Key Information – Han's Laser Technology Industry Group Co., Ltd.
TABLE 105 Key Information – Epilog Laser
TABLE 106 Key Information – LUMIBIRD
TABLE 107 Key Information – LaserStar Technologies Corporation
TABLE 108 Key Information – Gravotech Marking
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2022, apr) Leading Players
FIG 5 Recent strategies and developments: Coherent, Inc.
FIG 6 Recent strategies and developments: IPG Photonics Corporation
FIG 7 Recent strategies and developments: Jenoptik AG
FIG 8 Recent strategies and developments: TRUMPF GmbH + Co. KG