DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Laser Marking Machine Market By Type, By Application, By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The Asia Pacific Laser Marking Machine Market is expected to witness market growth of 7.6% CAGR during the forecast period (2021-2027).
The Machine Tool market dominated the Malaysia Laser Marking Machine Market by Application 2020, thereby, achieving a market value of $31 million by 2027. The Electronics & Microelectronics market is showcasing a CAGR of 10.1% during (2021 – 2027). Additionally, The Medical market is poised to grow at a CAGR of 11.9% during (2021 – 2027).
Companies Mentioned
- Han’s Laser Technology Industry Group Co., Ltd.
- Telesis Technologies, Inc.
- Videojet Technologies, Inc. (Danaher Corporation)
- Trotec Laser GmbH (Trodat)
- Epilog Laser
- 600 Group PLC (TKMA Electrox, Inc.)
- MECCO
- LaserStar Technologies Corporation
- Gravotech Marking
The laser marking technology is majorly adopted across numerous industrial verticals owing to its cost-effectiveness, reliability, and product uniqueness. There are many companies that are initiating protocols for permanent marking on a wide range of products for traceability, proof of identity, and documentation purposes, particularly in the healthcare & defense sectors. Additionally, the aerospace and automotive sector is majorly incorporating the technology. Companies in the automotive sector are utilizing this technology for printing serial numbers on tires without changing the structure of the tire. In comparison to the conventional engraving processes, laser marking is believed to be a versatile option for marking a broad variety of aircraft parts as it provides high durability.
The laser marking machines have extensive utilization in the electronic devices sector. Products in the electronics & semiconductor sector are produced in a huge amount and, thus, need an automated marking & engraving process. Such components are usually marked with different information, which is engraved by using marking machines. For example, 2D data-matrix codes are carved on electronic parts by using Galvo laser marking systems for a semi-automated or fully automated labeling process. Thus, enterprises like Telesis Technologies provide EV4GDS Green Laser System, which helps in high-speed marking on electronic parts like capacitors, microchips, and circuit boards.
The increasing manufacturing units across various emerging nations like India and China is among the major key factors fuelling the growth of the regional market. This region has been a major attraction for various companies which establish their manufacturing units due to the cheap labor and availability of raw materials and thus, the number of manufacturing facilities has increased over the years. This is expected to further spur the demand for laser marking machines in this region.
Moreover, the rising adoption of various advanced technologies within the manufacturing sector is contributing to the growth of the regional laser marking machine market. Several government initiatives are also attracting companies to invest in this region and hence, fueling the demand for laser marking machines across the region. Additionally, the growing demand for electronic devices and the severe impact of the COVID-19 pandemic are boosting the growth of the regional market.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. Asia Pacific Laser Marking Machine Market by Application
Chapter 5. Asia Pacific Laser Marking Machine Market by Type
Chapter 6. Asia Pacific Laser Marking Machine Market by Country
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ches1h
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