In recent years, laser marking systems have steadily risen in both popularity and accessibility. Although today’s most popular laser marking technologies, such as fiber laser and CO2 laser, were first developed in the early 1960s, it took decades of technology advancements for these systems to become available for wide commercial use.
For example, the first recorded instance of commercial use of a laser system took place in 1967, when Peter Houldcroft of TWI (The Welding Institute) used a CO2 laser to cut a piece of metal. While this is a milestone in the history of laser technology, at the time, no laser system offered product marking as an application. It took another 20 years of technology advancements until laser systems became a commercially viable marking option in the 1990s.
Fast forward to today, and laser marking has become one of the most popular industrial coding options on the market. Offering fast marking speeds, high accuracy, and consistently excellent results, laser marking systems are commonly found in a range of packaging and manufacturing fields, including:
Due to laser’s popularity in these industries and others, today’s global laser marking machine market is worth around $2.5 billion. Moreover, experts expect this growth to continue into the foreseeable future as laser marking systems become increasingly accessible to new users.
So, where is the future of the laser marking industry headed? Here are the biggest trends we see in play today.
According to most experts, the laser marking machine market will continue to grow as more companies choose laser systems over traditional coding technologies like continuous inkjet (CIJ) and thermal inkjet (TIJ) printers.
Consider Anheuser-Busch as an example. In the mid-1990s, Anheuser-Busch switched out its production line CIJ printers for Domino CO2 laser marking systems and never looked back. Not only were the laser systems faster than the older CIJ systems, but Anheuser-Busch also reported:
Today, large-scale manufacturers and packaging operations report similar results when they switch to laser marking systems. So, why don't all companies switch to laser systems? Unfortunately, there is a lack of accessibility.
Laser marking systems have historically carried significant barriers to entry, including:
Right now, coding and marking companies, such as Videojet and InkJet, Inc., are working to address all of these issues by producing lower-cost, more versatile marking systems. As these systems are released to the public, we anticipate more companies to switch from inkjet printing to laser marking, just like Anheuser-Busch did nearly 30 years ago.
Like so many other fields, the laser marking machine market has been marred with major supply chain issues in recent years. From Foba to Novanta, established laser manufacturers across the world are reporting product shortages and excessive lead times for new machines.
For example, Synrad’s most popular laser system, the v30, currently has a 23-week lead time. Furthermore, the company only averages a 50% yield rate on new systems; in other words, only 50% of their newly produced systems work as intended. Although other laser manufacturers may not have yield rates that low, reports show that similar problems are shared across the industry.
What does this mean for the laser marking machine market at large? With established name-brand companies faltering, the market is opening up for newer names to drive business.
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