Global Laser Markable Labels Market Report 2023-2029. (Internet Services - Other Internet Services)
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Global Laser Markable Labels Market Report 2023-2029. | |
Laser Markable Labels Market Summary According to the new market research report “Global Laser Markable Labels Market Report 2023-2029”, published by QYResearch, the global Laser Markable Labels market size is projected to reach USD 0.51 billion by 2029, at a CAGR of 5.0% during the forecast period. Market Drivers: Driver 1: As the U.S. Food and Drug Administration (FDA) implements its phased Unique Device Identification (UDI) program across medical device classes, OEMs are considering methods for complying with the permanent marking requirement. The FDA does not specify a method, citing the wide variety of devices, use conditions and reprocessing methods. However, for multiple-use devices made from plastic parts, the most viable option may be laser marking. Driver 2: In the automotive industry, clear and complete traceability of safety-relevant components must be guaranteed. Growing demand for electric vehicles has increased the focus on supply chain security in the automotive industry. Many materials in the automotive industry can be marked permanently and with a high contrast using laser technology. Driver 3: As Internet of Things (IoT) grows, the size of the Printed Circuit Boards (PCBs) is shrinking, laser markable labels are a great solution when PCB barcode label needs a greater resolution or additional abrasion and chemical resistance. Restraint: Restraint 1: Unique Identification (UID) marking is a common process adopted by manufacturers for identifying and tracking products after they leave the factory. A large majority of companies choose to directly mark their products while less add paper labels or metal tags to their equipment. Restraint 2: Permanent marks must last throughout the device lifecycle. Label materials must have good stability in harsh environments. Restraint 3: Uncertainty in world development has increased trade barriers between countries. Opportunity: With the development of the Internet of Things, laser markable labels have more advantages than THT labels in the tracking of PCB supply chain. Laser marking plays an increasingly important role in Supply Chain Traceability facilitates. Especially in automotive and aerospace manufacturing. The development of the automotive and aerospace industries will drive the development of marked products. The global key manufacturers of Laser Markable Labels include 3M, Tesa, etc. In 2022, the global top three players had a share approximately 1167.0% in terms of revenue. In terms of product type, currently White is the largest segment, hold a share of 23.3%. In terms of product application, currently Electronics and Semiconductors is the largest segment, hold a share of 30.3%.  | |
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2024-04-27 (0.393 sec)