LASER AUTOMATION MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East

• North America is the largest market for laser automation, with a share of 35% in 2022. The region is expected to continue to dominate the market in the near future due to growing automotive, electronics, and packaging industries.
• Asia Pacific is the second largest market for laser automation, with a share of 30% in 2022. The region is expected to grow at a CAGR of 8.5% during the forecast period, driven by increasing adoption of laser automation in the aerospace, defense, and medical industries.
• Europe is the third largest market for laser automation, with a share of 18% in 2022. The region is expected to grow at a CAGR of 7.7% during the forecast period, driven by increasing adoption of laser automation in the machine tool, automotive, and electronics industries.