Global Laser Marking Machine Market Size was $2119.09 Million in 2023

Global Laser Marking Machine Market Overview

According to Global Market Monitor, the global laser marking machine market size was $2119.09 million in 2023 and is expected to grow to $2378.15 million by 2029. Laser marking utilizes laser light to mark materials using a fine spot diameter. A Laser marking machine can be thought of as three main parts: a laser, a controller, and a surface.

Market Drivers

Implementation of numerous legislations by various agencies such as the Food and Drug Association (FDA) for marking unique device identification for medical devices is anticipated to be the dynamic factor behind the rapid growth of the laser marking machine market. Likely, a wide spectrum of marking applications in various industries along with the introduction of highly efficient laser marking products such as fiber laser marking machines is predicted to foster the growth of the Laser Marking Machine market.

With the development of industrial Galvo laser marking machine downstream application industries, the demand has also expanded and the market has great potential in those regions. In addition, more and more suppliers are shifting their production bases to the Asia-Pacific region because of the low labor cost and a good industrial base. This is also one of the factors driving market growth in the region.

Market News

Videojet Technologies Inc. showcased Industry 4.0 innovations in marking, coding, and printing at Pack Expo 2023. The company introduced new laser marking systems designed to mark precise, complex codes at high speed for the food, beverage, cosmetics, pharmaceutical, and other industries.

Coherent Corporation announced the launch of the PowerLine PS 30 picosecond laser marking machine for corrosion-resistant black marking and precision micromachining in medical device manufacturing. The PowerLine PS 30, with its high average power, quickly completes black marking and micro-machining tasks, significantly improving production productivity and cost of ownership while maintaining very high reliability.

By Type	Fiber Laser Marking Machine
	CO2 Laser Marking Machine
	Others
	The fiber Laser segment contributed the largest market share.
By Application	Electronic component
	Automotive & Aerospace
	Electronics & Microelectronics
	Packaging
	Mobile Communications
	Others
	The automotive & aerospace segment occupied the biggest share.