DUBLIN--(BUSINESS WIRE )--The "Global Laser Marking Machine Market By Type, By Application, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global laser marking machine market size is expected to reach $4.7 billion by 2027, rising at a market growth of 7.6% CAGR during the forecast period.
A laser marking machine refers to mechanical equipment utilized for printing permanent laser marks on a surface. This machine utilizes a beam of concentrated light to make marks by a green, fiber, ultraviolet (UV), YAG, or CO2 laser machine.
The beam aims at a particular area that helps the laser marking machine to engrave high-quality, accurate, and high-contrast marks. Generally, these markings involve machine-readable data for barcodes, text for serial numbers, matrix codes & graphics, and unique identification codes. This engraving is done on numerous surfaces like ceramic, titanium, steel, plastic, aluminum, wood, glass, copper, and paper.
In addition, these laser marking machines provide faster, permanent, and precise marking or engraving. Due to outstanding beam quality, high efficiency, and superior reliability, these laser marking machines are utilized in numerous industrial applications. Additionally, these machines are majorly utilized in the electronics & semiconductor sector for the laser marking of silicon wafers, and PCBs to enable traceability. Laser marking refers to a permanent procedure, which utilizes a beam of concentrated light to engrave a lasting mark on a surface. Furthermore, laser marking includes a broad range of applications which is performed with a continuous wave, fiber, pulsed, green, or UV laser machine.
The outbreak of the global COVID-19 pandemic has impacted all industries in some ways. Due to the pandemic, the medical sector has registered a hike in the demand for laser marking machines and services. The sudden upsurge in the demand for various medical products and devices like masks and other medical equipment has bolstered the demand for laser marking machines across the world. Several medical devices, which are utilized for the treatment of COVID-19 patients, have witnessed a spurt in demand due to the pandemic.
Due to this, numerous medical devices manufacturers and companies have adopted laser marking machines to engrave their brand name and other certifications on their products. In addition, the high demand for COVID-19 testing kits with polypropylene tubes for sample collection that is marked by using UV laser for mentioning different certifications is expected to accelerate the growth of the laser marking machines market. These engravings on COVID-19 kits are important for identifying patients and thus, require marking of the specific information on them.
The increasing importance of traceability of various products
A laser marking machine helps in engraving any kind of important and associated information on a wide variety of products regardless of their material. These machines mark permanent and precise information like barcode, brand name, manufacturing date, and others. In addition, marking machines are highly used in the electronics & semiconductor sector for the laser marking of silicon wafers, and PCBs to help in traceability.
Faster engraving with more precision
The laser engraving technique is quicker and can help in saving time. With traditional engraving methods, manufacturers used a specific range of tools and need to be very careful while using them, which was very time-consuming. On contrary, laser engraving just needs a command, and it is expected to do the commanded job without any problem or wasting any time. It further helps in accelerating the company's processes and also saves money.
Many manufacturers across various industrial verticals are adopting laser marking machines to engrave different types of information on their products. By using laser marking machines, manufacturers can reduce their cost of production in the long run. However, the initial cost of implementation of a laser marking machine is high, which is expected to restrict several small and medium-sized enterprises from adopting it.
Market Segments Covered in the Report:
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900