Dublin, Jan. 25, 2022 (GLOBE NEWSWIRE) -- The "LAMEA Laser Marking Machine Market By Type, By Application, By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Latin America, Middle East and Africa Laser Marking Machine Market is expected to witness market growth of 10.8% CAGR during the forecast period (2021-2027).
Laser marking refers to an irreversible process, which utilizes a beam of concentrated light to make a lasting mark on any kind of surface with valuable information like component labeling, serial numbers, barcodes, best-before-date, individual part numbers, brand name, and among others. There is a wide range of applications of laser marking machines, among all; some of them include carbon migration, engraving, annealing, and etching.
In addition, these engravings by laser marking machines are permanent, quick, and accurate. Several benefits like high beam quality, more efficiency, and superior reliability are contributing to the high usage of these machines across several industries verticals. Additionally, they are predominately utilized in the electronics & semiconductor sector for the laser marking of PCBs and silicon wafers, to simplify traceability.
The untapped potential of this region is attracting many enterprises to enter this region. Additionally, the cheap labor in some nations of this region along with the high availability of raw materials is increasing the number of manufacturing across the region. This is expected to further boost the demand for laser marking machines in the region. Further, the increasing government compliances are also anticipated to support the regional market growth.
Moreover, the growing adoption of various advanced technologies and machines by many companies is among the major driving factors of the regional laser marking machine market. The increasing investment of the government to strengthen the medical sector and the rising government initiatives to attract more companies for business in their nation is expected to also contribute to the growth of the regional laser marking machine market.
The Fiber Laser market dominated the South Africa Laser Marking Machine Market by Type 2020, thereby, achieving a market value of $15.3 million by 2027. The CO2 Laser market is estimated to grow at a CAGR of 11.2% during (2021 - 2027). The Green Laser market is showcasing a CAGR of 12.7% during (2021 - 2027). Additionally, The UV Laser market is expected to witness highest CAGR of 13.3% during (2021 - 2027).
Based on Type, the market is segmented into Fiber Laser, CO2 Laser, Green Laser, UV Laser and Others. Based on Application, the market is segmented into Machine Tool, Electronics & Microelectronics, Medical, Automotive, Aerospace, Packaging, Military and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market.
Market Segments Covered in the Report:
List of Companies Profiled in the Report:
Han's Laser Technology Industry Group Co., Ltd.
Videojet Technologies, Inc. (Danaher Corporation)
600 Group PLC (TKMA Electrox, Inc.)
For more information about this report visit https://www.researchandmarkets.com/r/n4gz5y
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