Laser Direct Marking Equipment Industry - Strategy Analysis

 

The global laser marking machine market size was valued at USD 2.95 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. The increasing adoption of laser marking machines in automation processes for mass manufacturing has positively impacted market growth. Laser marking systems are ideal for marking logos, bar codes, and matrix codes on almost all types of materials. In light of the COVID-19 outbreak, the medical sector witnessed a surge in the demand for laser marking machines and services. There was a very high demand for masks and certain other medical devices used for COVID-19 treatment during this period, and the adoption of laser marking machines by medical product and device manufacturers to mark their brand name and certifications grew strongly.
Recent Development

•            In August 2022, Foba introduced two new laser printers at the Chicago International Manufacturing Technology Show. Foba M1000 and M2000, and especially the laser print head Foba Titus for the indoor integration line, to be demonstrated in laser printing at IMTS in Chicago.

•            In April 2022, Hitachi Industrial Systems, Ltd. The German manufacturer of laser engraving machines announced the acquisition of Photon Energy GmbH. Hitachi Industrial Equipment Systems will increase its competitiveness in the field of encoding and signing by combining its strength with photon energy laser intelligence technology.

 

Read More - https://medium.com/@nikitastalwartresearchinsights/laser-direct-marking-equipment-industry-strategy-analysis-5f9745ab7892

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