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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Lasers Market size was valued at US$ 21,881.5 million in 2024 and is expected to reach US$ 35,136.9 million by 2031, growing at a significant CAGR of 7.0% from 2025-2031. Moreover, the U.S. Lasers Market is projected to grow at 6.7% over the forecast period. The market refers to the global industry centered around the development, production, and application of laser technologies across a range of sectors. Lasers, which stand for “Light Amplification by Stimulated Emission of Radiation,” are devices that emit light through optical amplification and are utilized in applications such as industrial manufacturing, healthcare, telecommunications, defense, and consumer electronics.
The market has experienced robust growth driven by increasing demand for precision manufacturing, rising adoption in medical diagnostics and cosmetic procedures, and advancements in fiber and solid-state laser technologies. With industries like automotive, aerospace, and electronics integrating laser systems for cutting, welding, and marking, the market is witnessing strong expansion. Additionally, the growing use of lasers in defense applications and the continuous development of compact, energy-efficient laser systems are contributing to sustained market momentum.
Based on the type:
Fiber laser segment is anticipated to lead the market due to their superior efficiency, compact design, and versatility across industrial applications. Fiber lasers offer high beam quality, low maintenance, and better energy efficiency compared to other laser types, making them ideal for metal cutting, welding, and marking in manufacturing processes. Their ability to deliver consistent performance in harsh environments has increased their adoption in the automotive, aerospace, and electronics sectors. Additionally, ongoing advancements in fiber laser technology, including high-power variants and integration with automation systems, are further strengthening their market position as the most preferred laser type.
Based on the application:
Among the application segments, the industrial sector is expected to lead the market, driven by the rising demand for automation, precision, and efficiency in manufacturing processes. Lasers are widely used in industrial applications such as cutting, welding, engraving, and marking, particularly in the automotive, electronics, and heavy machinery industries. The increased adoption of Industry 4.0 and smart manufacturing practices has further accelerated the integration of laser systems into production lines. Their ability to deliver clean, fast, and precise results with minimal waste makes them indispensable in modern manufacturing. As industries prioritize quality and speed, laser technologies continue to gain dominance in this segment.
Study Period
2025 - 2031Base Year
2024CAGR
7.0%Largest Market
Asia-PacificFastest Growing Market
MEA
One of the main propellers for the market is the demand for precision manufacturing in different sectors, such as the automotive, aerospace, and electronics industries. Lasers find application in cutting, welding, engraving, and marking material with high accuracy and low thermal damage. Industrial growth in sectors dependent on precision engineering, like semiconductor production and electronics manufacturing, has fuelled the use of laser technologies. The capacity of lasers to conduct complex operations with fewer mistakes, increased speed, and better automation is diminishing costs of operations greatly while increasing the quality of products. The need for miniaturized, sophisticated components in the auto and electronics industries, such as in products like smartphones, electric cars, and wearable devices, also adds to the increasing use of lasers in manufacturing.
One of the most significant constraints in the market is the high initial cost of laser systems, especially in high-power, industrial applications. Such systems tend to be expensive to procure, install, and maintain, hence less affordable to small and medium-sized enterprises (SMEs). Besides the initial capital outlay, there are also recurring costs involved in the maintenance and servicing of such systems. To low-budget companies, these are significant costs that keep them away from embracing laser technology, particularly because other solutions in the form of conventional mechanical or chemical methods can be viewed as cheaper. Thus, the prohibitive cost associated with cutting-edge laser technologies still presents a substantial hindrance towards increased market application, particularly within developing areas where companies can operate on a lower budget.
The increased applications of lasers in the medical segment offer tremendous prospects for the market for lasers. Medical lasers have found widespread usage in treatments including laser surgery, eye procedures (such as LASIK), and dermatological therapies for skin peeling, removal of hair and tattoos. Laser treatments' inherent precision and minimum invasiveness help reduce patients' recovery times and enhance overall patient outcomes, which makes them extremely sought-after in the health sector. In addition, the growing global healthcare market and aging populations in developed economies are fueling demand for sophisticated medical technologies. With the development of laser technology allowing for greater efficiency, safety, and affordability, there is vast growth potential in the medical market. Firms are spending heavily on R&D to create more specialized medical lasers that address a broader spectrum of healthcare needs.
One major trend in the market is the miniaturization of laser systems, further boosted by artificial intelligence (AI) and automation integration. There is growing demand for compact, highly efficient laser systems due to the need for more portable and flexible solutions, especially in consumer electronics, medical devices, and communication technologies. AI is instrumental in enhancing the performance of such miniaturized systems by facilitating more intelligent control of laser processes, better diagnostics, and real-time adjustments. For example, AI-driven lasers can optimize cutting, welding, or scanning processes, resulting in quicker production times and greater precision. AI integration also enables predictive maintenance and fault detection, improving the lifespan and reliability of laser systems. This trend will further gain momentum as companies seek means of enhancing efficiency and minimizing cost of operations.
Report Benchmarks |
Details |
Report Study Period |
2025 - 2031 |
Market Size in 2024 |
US$ 21,881.5 million |
Market Size in 2031 |
US$ 35,136.9 million |
Market CAGR |
7.0% |
By Type |
|
By Application |
|
By Region |
|
PBI Analysts anticipate that the market is undergoing significant growth, fueled by rapid technological advancements and rising demand across diverse industries. The shift toward automation and precision-based manufacturing is a major catalyst, especially in the industrial and electronics sectors. Fiber lasers, in particular, are gaining strong traction due to their superior performance and efficiency. PBI Analysts also note increasing investment in medical and defense applications, where laser technologies are being adopted for surgical procedures and advanced targeting systems. With continuous innovation and expanding use cases, the market is poised for steady expansion, driven by both mature and emerging economies.
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The lasers market size was valued at US$ 21,881.5 million in 2024 and is projected to grow at a significant CAGR of 7.0% from 2025-2031.
The growing demand for precision and automation in manufacturing is driving the widespread adoption of laser technologies.
The integration of lasers with AI and automation systems is transforming industrial processes and enabling smarter production environments.
Market research is segmented based on type, application, and region.
In the Middle East & Africa, increasing investment in healthcare infrastructure is accelerating the adoption of medical laser technologies.
1.Executive Summary |
2.Global Lasers Market Introduction |
2.1.Global Lasers Market - Taxonomy |
2.2.Global Lasers Market - Definitions |
2.2.1.Type |
2.2.2.Application |
2.2.3.Region |
3.Global Lasers Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Lasers Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Lasers Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
5.1. Gas Lasers |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Solid-State Lasers |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Fiber Lasers |
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Diode Lasers |
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Dye Lasers |
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Lasers Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
6.1. Industrial |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Medical |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Telecommunications |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Defense and Security |
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Scientific Research |
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Consumer Electronics |
6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Lasers Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Lasers Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
8.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Gas Lasers |
8.1.2.Solid-State Lasers |
8.1.3.Fiber Lasers |
8.1.4.Diode Lasers |
8.1.5.Dye Lasers |
8.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Industrial |
8.2.2.Medical |
8.2.3.Telecommunications |
8.2.4.Defense and Security |
8.2.5.Scientific Research |
8.2.6.Consumer Electronics |
8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Lasers Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Gas Lasers |
9.1.2.Solid-State Lasers |
9.1.3.Fiber Lasers |
9.1.4.Diode Lasers |
9.1.5.Dye Lasers |
9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Industrial |
9.2.2.Medical |
9.2.3.Telecommunications |
9.2.4.Defense and Security |
9.2.5.Scientific Research |
9.2.6.Consumer Electronics |
9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Lasers Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Gas Lasers |
10.1.2.Solid-State Lasers |
10.1.3.Fiber Lasers |
10.1.4.Diode Lasers |
10.1.5.Dye Lasers |
10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Industrial |
10.2.2.Medical |
10.2.3.Telecommunications |
10.2.4.Defense and Security |
10.2.5.Scientific Research |
10.2.6.Consumer Electronics |
10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Lasers Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Gas Lasers |
11.1.2.Solid-State Lasers |
11.1.3.Fiber Lasers |
11.1.4.Diode Lasers |
11.1.5.Dye Lasers |
11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Industrial |
11.2.2.Medical |
11.2.3.Telecommunications |
11.2.4.Defense and Security |
11.2.5.Scientific Research |
11.2.6.Consumer Electronics |
11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Lasers Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Gas Lasers |
12.1.2.Solid-State Lasers |
12.1.3.Fiber Lasers |
12.1.4.Diode Lasers |
12.1.5.Dye Lasers |
12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Industrial |
12.2.2.Medical |
12.2.3.Telecommunications |
12.2.4.Defense and Security |
12.2.5.Scientific Research |
12.2.6.Consumer Electronics |
12.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Coherent Corp. |
13.2.2.IPG Photonics Corporation |
13.2.3.TRUMPF Group |
13.2.4.Lumentum Holdings Inc. |
13.2.5.Jenoptik AG |
13.2.6.Han’s Laser Technology Industry Group Co., Ltd. |
13.2.7.ROFIN-SINAR Technologies Inc. |
13.2.8.NKT Photonics |
13.2.9.MKS Instruments, Inc. |
13.2.10.LaserStar Technologies Corporation |
14. Research Methodology |
15. Appendix and Abbreviations |
Key Market Players