Dublin--(BUSINESS WIRE)--"Analysis report and forecast of COVID-19 impact by type, application, country, growth potential, 2021-2027 Asia-Pacific laser marking by type, application, and country/region The "Machine Market" report has been added to the offering of ResearchAndMarkets.com.
The Asia-Pacific laser marking machine market is expected to have a compound annual growth rate of 7.6% during the forecast period (2021-2027).
The machine tool market dominates the Malaysian laser marking machine market in 2020 applications, thereby achieving a market value of 31 million US dollars by 2027. The compound annual growth rate of the electronics and microelectronics market (2021-2027) is 10.1%. In addition, the medical market is expected to grow at a compound annual growth rate of 11.9% during the period (2021-2027).
Because of its cost-effectiveness, reliability and product uniqueness, laser marking technology is mainly used in many vertical industries. Many companies are initiating agreements to permanently mark various products for traceability, identification and documentation purposes, especially in the healthcare and defense sectors. In addition, the aerospace and automotive industries are mainly adopting this technology. Companies in the automotive industry are using this technology to print serial numbers on tires without changing the structure of the tires. Compared with the traditional engraving process, laser marking is considered a universal choice for marking various aircraft parts because of its high durability.
Laser marking machines have a wide range of applications in the field of electronic equipment. The output of products in the electronics and semiconductor fields is huge, so automated marking and engraving processes are required. Such parts are usually marked with different information, which is engraved using a marking machine. For example, a galvanometer laser marking system is used to engrave two-dimensional data matrix codes on electronic parts to achieve a semi-automatic or fully automatic marking process. Therefore, companies like Telesis Technologies provide the EV4GDS green laser system, which helps high-speed marking on electronic parts such as capacitors, microchips, and circuit boards.
The increasing number of manufacturing units in emerging countries such as India and China is one of the main key factors driving the growth of the regional market. Due to cheap labor and the supply of raw materials, the area has been a major attraction for various companies that establish manufacturing units, so the number of manufacturing facilities has increased over the years. This is expected to further stimulate the demand for laser marking machines in the region.
In addition, the manufacturing industry is increasingly adopting various advanced technologies, which has promoted the growth of the regional laser marking machine market. Some government initiatives have also attracted companies to invest in the region, thereby boosting the demand for laser marking machines in the region. In addition, the growing demand for electronic equipment and the severe impact of the COVID-19 pandemic are driving the growth of the regional market.
Chapter 1 Market Scope and Methodology
2.2 Key factors affecting the market
Chapter 3 Competitive Analysis-Global
3.2 Recent industry-wide strategic development
3.2.2 Product release and product expansion
3.3.1 Main leading strategies: percentage distribution (2017-2021)
3.3.2 Key strategic initiatives: (product launch and product expansion: June 2017-June 2021) leader
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/Region
For more information about this report, please visit https://www.researchandmarkets.com/r/ches1h
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900