Top Laser Processing Companies

Laser Processing Market size was valued at USD 21.36 Billion in 2024 and is poised to grow from USD 22.47 Billion in 2025 to USD 33.71 Billion by 2033, growing at a CAGR of 5.2% during the forecast period (2026–2033).

The market is characterized by strong competition, on account of a few major globally competitors owning a sizable market share. Key players place an emphasis on new product development in order to provide options for higher profitability through improved client interactions. Universal Laser Systems, for example, provides systems for security agencies and military divisions for asset management, custom part manufacturing, and other production and security applications. These systems are also utilized on international airports, military bases, and naval vessels. 'Coherent Corp. (United States)', 'Trumpf GmbH + Co. KG (Germany) ', 'IPG Photonics Corporation (United States) ', 'Lumentum Holdings Inc. (United States) ', 'Jenoptik AG (Germany) ', 'Han's Laser Technology Industry Group Co., Ltd. (China) ', 'GSI Group Inc. (United States) ', 'Epilog Laser (United States) ', 'Amada Co., Ltd. (Japan) ', 'Bystronic Laser AG (Switzerland) ', 'Mazak Optonics Corporation (United States) ', 'Prima Industrie S.p.A. (Italy) ', 'Trotec Laser GmbH (Austria) ', 'Fanuc Corporation (Japan) ', 'DMG Mori Co., Ltd. (Japan) ', 'SUSS MicroTec SE (Germany) ', 'Ekspla (Lithuania)'

The increasing demand for smaller and more precise components in various industries, including electronics, medical, and aerospace, is driving the demand for laser processing. Laser processing is capable of creating smaller and more precise components than traditional manufacturing methods.

Growing demand for ultrafast lasers: Ultrafast lasers are gaining popularity in various applications, including micromachining, medical, and scientific research. These lasers provide high precision, speed, and accuracy, making them suitable for a wide range of applications.

Asia Pacific will account for more than 40.0% of market revenue during the forecast period. It is expected to rise greatly as the number of OEMs in the area grows. Furthermore, China is likely to become the major user of commercial lasers, materials processors, and microprocessors. Countries such as India, South Korea, Japan, and China are expected to grow significantly due to a range of factors such as a growth in the number of OEMs and the expansion of the vehicle sector.