Fiber Laser Marking Machine Market Segmentation:
Laser Type Segment Analysis
The pulsed fiber laser segment is predicted to account for the largest market share of 45.3% during the projected period. The demand for high contrast and permanent markings with minimal thermal distortion and necessary to mark sensitive and delicate components that are often heat sensitive. For these applications, a compact device with high peak power and low energy needs becomes necessary to achieve commercial viability in sectors such as electronics, automotive, and medical tools. With each of these sectors emphasizing energy efficiency and laser system durability, the emphasis towards green manufacturing continues to be supported by government-sponsored smart manufacturing programs such as those by the U.S. Department of Energy. Overall, the rapid adoption of automation in emerging economies, driven by mass production, is expected to boost the growth of this segment.
Application Segment Analysis
The automotive segment is anticipated to constitute the most significant growth by 2035, with a 35.1% fiber laser marking machine market share, mainly due to the rising demand for precise part identification requirements, traceability measures, and regulatory compliance. Thus, not only is production of raw materials and electric and connected vehicles increasing, but it is simultaneously creating demand for the identification of electrical parts, metal housings, and safety-critical parts.
The World Economic Forum (WEF) discloses that in 2025, EVs are poised to hold more than 24.5% of global car sales. The transition to lightweight high-strength materials will further contribute to the use of fiber lasers; they can easily adapt to marking different types of metals and composites. In addition, industry-mandated regulations, e.g., NHTSA’s VIN marking regulation and the EU's end-of-life vehicle legislation, are estimated to continue to support this segment.
End user Segment Analysis
The consumer electronics segment is estimated to hold a dominant share of the fiber laser marking machine market by 2035, owing to the increasing demand for extremely precise and high-speed marking solutions. The need for tagging mass-produced components boosts the application of fiber laser marking machines. The expanding sales of smartphones, laptops, wearables, and gaming consoles represent high earning opportunities for key players. The World Economic Forum (WEF) in its April 2023 report disclosed that there are more smartphones than people across the world. Globally, over 8.5 billion mobile subscriptions were in use in 2022. This indicates that expanding mobile adoption is promoting the application of fiber laser marking machines.
Our in-depth analysis of the fiber laser marking machine market includes the following segments:
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