"Forecast and Analysis of the Market Size and Segmented Market Size of China’s Laser Industry in 2024"

The laser, since the 20th century, has been considered as one of the most significant inventions for humanity, following nuclear energy, computers, and semiconductors. It has been referred to as the “fastest knife,” the “most accurate ruler,” and the “brightest light.” In recent years, the application of lasers in China’s manufacturing industry, especially in equipment manufacturing, has been continuously increasing, leading to a shift in the global focus of laser sales to China.

As a key technology for the transformation and upgrading of China’s manufacturing industry, the laser industry has flourished with the support of government policies. According to the “Analysis and Investment Risk Prediction Report on the Development Trend of China’s Laser Industry from 2022 to 2027” released by the China Industrial Research Institute, the overall market size of the laser industry in China reached 218.6 billion yuan in 2022, an increase of 6.4% compared to the previous year, and is expected to reach approximately 243.5 billion yuan in 2023. Analysts at the China Industrial Research Institute predict that the overall market size of the laser industry will further increase to 265 billion yuan in 2024.

Laser source, which is capable of emitting laser beams, is the most essential components of fiber laser cutting machine and fiber laser welding machine. According to the “Research Report on the Market Prospects and Investment Opportunities of China’s Laser Devices from 2023 to 2029” released by the China Industrial Research Institute, the market size of laser devices in China reached 103.7 billion yuan in 2022, with a year-on-year growth of 16.78%. It is forecasted that the market size of laser devices in China will increase to 145.5 billion yuan in 2024.

The development of China’s new energy vehicles, semiconductor, and electronic manufacturing industries will further enhance the potential of the domestic laser processing equipment market. The “Insight Report on the Prospects and Strategic Investment Opportunities of China’s Laser Equipment Industry from 2023 to 2028” released by the China Industrial Research Institute indicates that the sales scale of laser equipment in China was approximately 86.2 billion yuan in 2022, with a year-on-year growth of 4.99%, and is expected to reach around 94 billion yuan in 2023. Analysts at the China Industrial Research Institute predict that the sales scale of laser equipment in China will increase to 101.7 billion yuan in 2024.

In conclusion, the laser industry in China is experiencing rapid growth and is expected to play a crucial role in the country’s manufacturing sector. With the continuous advancement of laser technology and the increasing demand for laser applications in various industries, the prospects for the laser industry in China appear promising.