The North America Industrial Lasers Systems Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Various technological developments in the industrial environment, such as industrial robots, industrial automation, and 3D printing, are expected to increase the use of laser systems in industries as a result of the rise of Industry 4.0 and Industrial IoT. Companies are merging current production processes with many technological breakthroughs in lasers and laser systems to boost efficiency and stay ahead of the competition. TRUMPF Group, for example, purchased GLOphotonics, a French laser technology business that specializes in hollow-core fibers, in January 2020. Without sacrificing power, the fiber provides for more direct and faster transport of laser light from the origin to the targeted destination.
There is a rapid pace of technical improvements in numerous industries such as manufacturing, aerospace, and automotive across this region. In addition, the region is home to a number of significant vendors, including IPG Photonics among others
Several companies have risen significant financing to develop breakthrough laser technology solutions, particularly among small and medium enterprises (SMEs) and startups. For example, UAVenture Capital Fund, based in Tuscan and dedicated to commercializing University of Arizona discoveries, products, technologies, and services, invested in DeUVe Photonics Inc. to improve its technology, allowing the company to become a major player in existing and developing deep UV laser markets.
The US market dominated the North America Industrial Lasers Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,997.5 Million by 2028. The Canada market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.7% during (2022 - 2028).
Based on Type, the market is segmented into Macro processing and Micro processing. Based on Power, the market is segmented into More than 1.1 kW and Less than 1 kW. Based on Application, the market is segmented into Cutting, Welding, Non-metal processing, Additive manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Lasers Systems Market is Estimated to reach $29.4 Billion by 2028, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., NKT Photonics A/S (NKT A/S), IPG Photonics Corporation, Jenoptik AG, TRUMPF GmbH + Co. KG, LUMIBIRD, Amonics Ltd., Apollo Instruments Inc., CY Laser SRL, and TOPTICA Photonics AG.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Macro processing
- Micro processing
By Power
- More than 1.1 kW
- Less than 1 kW
By Application
- Cutting
- Welding
- Non-metal processing
- Additive manufacturing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Coherent, Inc.
- NKT Photonics A/S (NKT A/S)
- IPG Photonics Corporation
- Jenoptik AG
- TRUMPF GmbH + Co. KG
- LUMIBIRD
- Amonics Ltd.
- Apollo Instruments Inc.
- CY Laser SRL
- TOPTICA Photonics AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Lasers Systems Market, by Type
1.4.2 North America Industrial Lasers Systems Market, by Power
1.4.3 North America Industrial Lasers Systems Market, by Application
1.4.4 North America Industrial Lasers Systems 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: (Partnerships, Collaborations & Agreements: 2018, Apr – 2022, Jan) Leading Players
Chapter 4. North America Industrial Lasers Systems Market by Type
4.1 North America Macro processing Market by Country
4.2 North America Micro processing Market by Country
Chapter 5. North America Industrial Lasers Systems Market by Power
5.1 North America More than 1.1 kW Market by Country
5.2 North America Less than 1 kW Market by Country
Chapter 6. North America Industrial Lasers Systems Market by Application
6.1 North America Cutting Market by Country
6.2 North America Welding Market by Country
6.3 North America Non-metal processing Market by Country
6.4 North America Additive manufacturing Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Industrial Lasers Systems Market by Country
7.1 US Industrial Lasers Systems Market
7.1.1 US Industrial Lasers Systems Market by Type
7.1.2 US Industrial Lasers Systems Market by Power
7.1.3 US Industrial Lasers Systems Market by Application
7.2 Canada Industrial Lasers Systems Market
7.2.1 Canada Industrial Lasers Systems Market by Type
7.2.2 Canada Industrial Lasers Systems Market by Power
7.2.3 Canada Industrial Lasers Systems Market by Application
7.3 Mexico Industrial Lasers Systems Market
7.3.1 Mexico Industrial Lasers Systems Market by Type
7.3.2 Mexico Industrial Lasers Systems Market by Power
7.3.3 Mexico Industrial Lasers Systems Market by Application
7.4 Rest of North America Industrial Lasers Systems Market
7.4.1 Rest of North America Industrial Lasers Systems Market by Type
7.4.2 Rest of North America Industrial Lasers Systems Market by Power
7.4.3 Rest of North America Industrial Lasers Systems Market by Application
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:
8.2 NKT Photonics A/S (NKT A/S)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 IPG Photonics Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
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 Acquisition and Mergers:
8.4.5.2 Geographical Expansions:
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 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 LUMIBIRD
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Acquisition and Mergers:
8.7 Amonics Ltd.
8.7.1 Company Overview
8.8 Apollo Instruments, Inc.
8.8.1 Company Overview
8.9 CY Laser SRL
8.9.1 Company Overview
8.10. TOPTICA Photonics AG
8.10.1 Company Overview
TABLE 1 North America Industrial Lasers Systems Market, 2018 - 2021, USD Million
TABLE 2 North America Industrial Lasers Systems Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Industrial Lasers Systems Market
TABLE 4 Product Launches And Product Expansions– Industrial Lasers Systems Market
TABLE 5 Acquisition and Mergers– Industrial Lasers Systems Market
TABLE 6 Geographical Expansions - Industrial Lasers Systems Market
TABLE 7 North America Industrial Lasers Systems Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Industrial Lasers Systems Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Macro processing Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Macro processing Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Micro processing Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Micro processing Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Industrial Lasers Systems Market by Power, 2018 - 2021, USD Million
TABLE 14 North America Industrial Lasers Systems Market by Power, 2022 - 2028, USD Million
TABLE 15 North America More than 1.1 kW Market by Country, 2018 - 2021, USD Million
TABLE 16 North America More than 1.1 kW Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Less than 1 kW Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Less than 1 kW Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Industrial Lasers Systems Market by Application, 2018 - 2021, USD Million
TABLE 20 North America Industrial Lasers Systems Market by Application, 2022 - 2028, USD Million
TABLE 21 North America Cutting Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Cutting Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Welding Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Welding Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Non-metal processing Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Non-metal processing Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Additive manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Additive manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Industrial Lasers Systems Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Industrial Lasers Systems Market by Country, 2022 - 2028, USD Million
TABLE 33 US Industrial Lasers Systems Market, 2018 - 2021, USD Million
TABLE 34 US Industrial Lasers Systems Market, 2022 - 2028, USD Million
TABLE 35 US Industrial Lasers Systems Market by Type, 2018 - 2021, USD Million
TABLE 36 US Industrial Lasers Systems Market by Type, 2022 - 2028, USD Million
TABLE 37 US Industrial Lasers Systems Market by Power, 2018 - 2021, USD Million
TABLE 38 US Industrial Lasers Systems Market by Power, 2022 - 2028, USD Million
TABLE 39 US Industrial Lasers Systems Market by Application, 2018 - 2021, USD Million
TABLE 40 US Industrial Lasers Systems Market by Application, 2022 - 2028, USD Million
TABLE 41 Canada Industrial Lasers Systems Market, 2018 - 2021, USD Million
TABLE 42 Canada Industrial Lasers Systems Market, 2022 - 2028, USD Million
TABLE 43 Canada Industrial Lasers Systems Market by Type, 2018 - 2021, USD Million
TABLE 44 Canada Industrial Lasers Systems Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Industrial Lasers Systems Market by Power, 2018 - 2021, USD Million
TABLE 46 Canada Industrial Lasers Systems Market by Power, 2022 - 2028, USD Million
TABLE 47 Canada Industrial Lasers Systems Market by Application, 2018 - 2021, USD Million
TABLE 48 Canada Industrial Lasers Systems Market by Application, 2022 - 2028, USD Million
TABLE 49 Mexico Industrial Lasers Systems Market, 2018 - 2021, USD Million
TABLE 50 Mexico Industrial Lasers Systems Market, 2022 - 2028, USD Million
TABLE 51 Mexico Industrial Lasers Systems Market by Type, 2018 - 2021, USD Million
TABLE 52 Mexico Industrial Lasers Systems Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Industrial Lasers Systems Market by Power, 2018 - 2021, USD Million
TABLE 54 Mexico Industrial Lasers Systems Market by Power, 2022 - 2028, USD Million
TABLE 55 Mexico Industrial Lasers Systems Market by Application, 2018 - 2021, USD Million
TABLE 56 Mexico Industrial Lasers Systems Market by Application, 2022 - 2028, USD Million
TABLE 57 Rest of North America Industrial Lasers Systems Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Industrial Lasers Systems Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Industrial Lasers Systems Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of North America Industrial Lasers Systems Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Industrial Lasers Systems Market by Power, 2018 - 2021, USD Million
TABLE 62 Rest of North America Industrial Lasers Systems Market by Power, 2022 - 2028, USD Million
TABLE 63 Rest of North America Industrial Lasers Systems Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of North America Industrial Lasers Systems Market by Application, 2022 - 2028, USD Million
TABLE 65 Key Information – Coherent, Inc.
TABLE 66 Key Information – NKT Photonics A/S
TABLE 67 Key Information – IPG Photonics Corporation
TABLE 68 Key Information – Jenoptik AG
TABLE 69 Key Information – TRUMPF GmbH + Co. KG
TABLE 70 Key Information – LUMIBIRD
TABLE 71 Key Information – Amonics Ltd.
TABLE 72 Key Information – Apollo Instruments, Inc.
TABLE 73 Key Information – CY Laser SRL
TABLE 74 Key Information – TOPTICA Photonics AG
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: (Partnerships, Collaborations & Agreements: 2018, Apr – 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: IPG Photonics Corporation
FIG 6 Recent strategies and developments: JENOPTIK AG
FIG 7 Recent strategies and developments: TRUMPF GmbH + Co. KG