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Industrial laser market to grow 5.8% CAGR, reaching $10.94B by 2031, led by APAC and semiconductor sectors.

Market News
14 May 2026
Researchandmarkets.Com
View Source
Bullish
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The global industrial laser market is projected to grow at a 5.8% CAGR from 2025 to 2031, reaching $10.94 billion by 2031. Medium power lasers, especially CO₂ types, currently dominate, with the semiconductor and electronics sector showing the fastest growth at 7.14% CAGR. The Asia-Pacific (APAC) region holds the largest market share at 53%, driven by strong manufacturing demand, particularly in automotive and electronics. Key trends include integration of lasers with quality control systems, rising use of visible-wavelength lasers for copper applications, and growing automation in production. Major players include TRUMPF, IPG Photonics, and AMADA. Market growth is supported by expanding semiconductor manufacturing in India and increasing electrification needs, though demand remains sensitive to factory investment cycles and pricing pressures in mature segments.

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