The global laser processing market is projected to reach USD 42.73 billion by 2030, growing at a CAGR of 10.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing use of advanced laser-drilling methods in oil and gas exploration is expected to replace conventional techniques. As drilling costs continue to decline, previously uneconomical oil reserves are becoming more viable, which is likely to support overall market expansion. Additionally, rising demand for laser processing in industrial solar module production is expected to contribute significantly to market growth.

In the medical field, the demand for laser technology is anticipated to rise sharply, driven by continuous technological innovations. These advancements enable smaller incisions, reduced pain, and faster patient recovery times, leading to greater adoption of surgical lasers. Moreover, improvements in edge precision and cutting speed are expected to open new growth opportunities. The manufacturing industry is increasingly turning to laser-based solutions for material processing due to their many advantages over traditional methods, making this a major factor propelling market growth.

Investments in research and development by key players are also driving the market forward. For instance, a team from Fudan University, led by Profs. X. Wu, M. Lu, and S.-Y. Zhang, has developed an all-silicon laser using silicon nanocrystals, known for their high optical gain and similarities to GaAs and InP. This breakthrough combines optoelectronics with microelectronics and has applications across sensing, communication, imaging, detection, and display technologies.

Get a preview of the latest developments in the Global Laser Processing Market! Download your FREE sample PDF today and explore key data and trends

Laser Processing Market Report Highlights:

• Gas lasers dominated the market in 2024, contributing over 65% of global revenue. Their ability to deliver precise, efficient cuts with minimal material waste makes them a preferred choice for metal and alloy processing.
• Material processing emerged as the leading application segment in 2024, owing to its critical role in achieving high-precision cuts, engravings, and welds, particularly in the automotive and aerospace sectors.
• Machine tools held the largest revenue share in 2024. Fiber lasers, known for their efficiency, power, and low maintenance compared to CO₂ lasers, are widely used in this segment.
• North America captured a notable share of over 29% of global revenue in 2024, with strong demand fueled by the automotive and aerospace industries.
• The Asia Pacific region is expected to experience the highest CAGR during the forecast period, driven by rapid industrialization and technology adoption.

Key Players in the Laser Processing Market:

• Altec GmbH
• Alpha Nov laser
• Amada Co., Ltd.
• Bystronic Laser AG
• Coherent Inc.
• Epilog Laser, Inc.
• Eurolaser GmbH
• Han's Laser Technology Industry Group Co., Ltd.
• IPG Photonics Corporation
• Newport Corporation (MKS Instruments, Inc.)
• LaserStar Technologies Corporation
• Trumpf GmbH + Co. KG
• Universal Laser Systems, Inc.
• Xenetech Global Inc.

Gather more insights about the market drivers, restrains and growth of the Laser Processing Market