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Laser Cutting Machine Market to Grow by USD 1.45 Billion (2024-2028) as Automation in Metal Cutting Increases, with AI Driving Market Transformation- Technavio

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NEW YORK, Oct. 16, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Laser Cutting Machine Market  size is estimated to grow by USD 1.45 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.6%  during the forecast period. Increasing focus on automating metal cutting process is driving market growth, with a trend towards rising digitalization in manufacturing processes. However, availability of alternate machine tools for metal cutting applications  poses a challenge – Key market players include ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Automotive, Aerospace and defense, Electrical and electronics, Industrial machinery, and Others), Product (Fiber, Solid-state, Diode, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc.

Key Market Trends Fueling Growth

In the laser cutting industry, digitalization and the industrial Internet of Things (IoT) are driving innovation and competitiveness on a global scale. IoT, which extends beyond traditional devices to include industrial machinery like motors, drives, and sensors, enables real-time connectivity and optimization. Vendors are focusing on automation and complete integration across production lines using IoT to reduce maintenance requirements and improve efficiency. InHand Networks, a provider of industrial IoT systems, offers remote monitoring solutions like the InRouter900 for laser cutting machines, allowing operators to access programmable logic controllers and human-machine interfaces from a distance. Blockchain technology is also being explored to create secure digital supply chains, ensuring product and equipment tracking, swift manufacturing processes, and overall cost reduction, positively impacting the growth of the global laser cutting machine market. 

The Laser Cutting Machine market is experiencing significant growth due to the trend towards advanced manufacturing tools and automated cutting processes. This automation leads to reduced material wastage and increased industrialization. The demand for laser cutting machines is driven by various sectors, including electric vehicles, consumer electronics, HVAC, and defense and aerospace. Fiber lasers and robotic segments are currently leading the market, with CNC technology and IoT integration also gaining popularity. High initial costs and maintenance challenges are challenges for businesses considering investment in laser cutting machines. However, the benefits of operational efficiency, high-quality cuts, and customized products outweigh these challenges. Demand for steel and various manufacturing applications also contribute to the market’s growth. After-sales services and segmentation analysis are crucial for businesses looking to maximize their investment. Key demand drivers include automation, eCommerce, sustainability, and data analytics. Fiber-based technology, mechanized operation, smart technology, and solid-state lasers are also driving the market forward. The market is segmented into various types, including fiber lasers, gas lasers, and semiconductor lasers. Applications include macro-processing, sublimation cutting, fusion cutting, and flame cutting. The market is expected to continue growing, with innovation in technology and product development being key factors. 

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Market Challenges

The laser cutting machine market has faced significant competition from waterjet cutting machines, particularly in applications involving heat-sensitive and heat-resistant materials. Waterjet cutting machines use a mixture of water and abrasive to make precise cuts without generating heat, eliminating the need for secondary operations like polishing and restoration. This cold cutting process is preferred in industries such as construction, automotive, electronics and electrical, and aerospace, where materials like plastic, foam products, wood, rubber, stainless steel, alloy steel, titanium, Inconel, and Hastelloy are commonly used. The absence of heat-affected zones and burrs in waterjet cutting makes it a more cost-effective and efficient solution for these industries. Consequently, the demand for laser cutting machines for heat-sensitive applications is expected to decrease during the forecast period.

The Laser Cutting Machine market is experiencing significant growth due to increasing demand in various industries, including consumer electronics, HVAC, and defense and aerospace. Segmentation analysis reveals key markets for fiber laser cutting, solid-state lasers, and gas lasers. Demand drivers include automation, customized products, eCommerce, and the Internet of Things. Challenges include high initial investment, fiber-based technology, and after-sales services. Manufacturing applications, such as automotive and machinery, drive demand for high-quality cuts and efficiency. Fusion cutting, flame cutting, and sublimation cutting offer alternative solutions. Product development focuses on energy efficiency, maintenance costs, and precision. Demand for steel remains strong, with applications in mechanical engineering and construction. The market is also influenced by trends like sustainability, data analytics, and smart technology. Efficiency, consumer electronics, and the electronics industry are key growth areas. However, challenges remain, such as high power consumption, harmful gases, and the need for mechanized operation. Competition from traditional cutting methods and the emergence of new technologies, like CO2 lasers, also pose threats. Overall, the Laser Cutting Machine market offers significant opportunities for innovation and growth.

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Segment Overview 

This laser cutting machine market report extensively covers market segmentation by

End-user 1.1 Automotive1.2 Aerospace and defense1.3 Electrical and electronics1.4 Industrial machinery1.5 OthersProduct 2.1 Fiber2.2 Solid-state2.3 Diode2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Automotive-  The Laser Cutting Machine market is experiencing significant growth due to increasing demand from various industries such as automotive, construction, and packaging. These machines offer advantages like high precision, flexibility, and efficiency, making them a preferred choice for manufacturing processes. Key players in the market include Trumpf, Epilog Laser, and Trotec Laser. Market growth is driven by factors like technological advancements and rising demand for customized products.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Laser Cutting Machine Market is experiencing significant growth due to the increasing adoption of advanced manufacturing tools and automated cutting processes in various industries. This market is driven by the need for material wastage reduction, industrialization, and the integration of IoT and smart technology. The production of electric vehicles is also contributing to the demand for laser cutting machines, as they enable high operational efficiency and customized products. However, the high initial costs and investment required for these machines pose an economic burden for some businesses. The market is segmented into fiber lasers, CNC technology, and the robotic segment, with fiber-based technology and mechanized operation being key trends. The market is expected to grow further with the increasing demand for advanced laser processing in consumer electronics, eCommerce, and sustainability initiatives.

Market Research Overview

The Laser Cutting Machine Market is witnessing significant growth due to the adoption of advanced manufacturing tools and automated cutting processes. This technology offers material wastage reduction, which is essential for industrialization. The increasing demand for electric vehicles and the economic burden of traditional manufacturing methods are driving the market. The market segmentation includes fiber lasers, CNC technology, and robotic segment. Fiber lasers are popular due to their high operational efficiency and ability to make high-quality cuts. The market faces challenges such as high initial costs, maintenance challenges, and high power consumption. IoT integration and data analytics are improving production capacities and reducing maintenance costs. The demand for laser cutting machines is high in manufacturing applications, including consumer electronics, HVAC, and automotive industries. After-sales services and customized products are essential for customer satisfaction. Demand drivers include automation, sustainability, and eCommerce. The market is segmented based on material processing, such as fiber-based technology, solid-state lasers, gas lasers, and semiconductor lasers. Applications include defense and aerospace, fusion cutting, flame cutting, sublimation cutting, and product development. Precision and energy efficiency are crucial factors in the market, with fiber laser cutting and macro-processing leading the way. The market faces challenges such as high initial investment, maintenance costs, and harmful gases. However, the benefits of laser cutting machines, including high-quality cuts and mechanized operation, outweigh the challenges. Smart technology and efficiency are key trends in the market, with the Internet of Things (IoT) playing a significant role in improving operational efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveAerospace And DefenseElectrical And ElectronicsIndustrial MachineryOthersProductFiberSolid-stateDiodeOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TECNO Unveiled as Title Sponsor of The SAFF Championship Bangladesh 2026, Bringing AI Innovation to South Asian Football

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As Official Title Sponsor, TECNO joins hands with SAFF to inspire the next generation through football, innovation, and meaningful fan experiences.

DHAKA, Bangladesh, July 25, 2026 /PRNewswire/ — TECNO, an AI-driven innovative technology brand, officially announced its title sponsorship of the SAFF Championship Bangladesh 2026, South Asia’s premier international football tournament, during the tournament’s official launch ceremony in Dhaka.

Scheduled to take place from 4–17 November 2026, the championship will bring together South Asia’s leading national teams, celebrating the region’s passion for football while strengthening friendship, sporting excellence, and regional unity.

The partnership marks another milestone in TECNO’s global football journey while reinforcing the brand’s long-term commitment to South Asia—one of its most important strategic markets. Guided by its brand spirit, “Stop At Nothing,” TECNO believes football embodies the same values that define the brand: ambition, resilience, innovation, and the courage to pursue every dream.

A New Chapter for South Asian Football

The title sponsorship was officially announced during the SAFF Championship Bangladesh 2026 Official Launch Press Conference held in Dhaka. The event brought together representatives from the South Asian Football Federation (SAFF), the Bangladesh Football Federation (BFF), TECNO’s global and Bangladesh leadership teams, SAFF Member Associations, national team representatives, members of the diplomatic community, media, and digital creators to celebrate the official launch of the championship and TECNO’s role as its Title Sponsor.

Mr. Purushottam Kattel, General Secretary of SAFF, said: “The SAFF Championship represents the highest stage of football in South Asia, bringing together our Member Associations through competition, friendship, and a shared passion for the game. Today, as we unveil the identity of the SAFF Championship Bangladesh 2026, we are delighted to welcome TECNO as our Title Sponsor. This partnership reflects a shared commitment to elevating football across the region, and together we look forward to delivering a championship that inspires millions of supporters and creates lasting memories for South Asian football.”

Following the official logo unveiling ceremony, SAFF and TECNO exchanged the Title Sponsorship Agreement, formally launching their collaboration for the SAFF Championship Bangladesh 2026 and reaffirming their shared commitment to delivering an outstanding football experience for fans across South Asia.

A Shared Vision for Football

Delivering a recorded message during the ceremony, Guo Lei, General Manager of TECNO, reaffirmed the brand’s belief that football is a powerful platform for inspiring young people, connecting communities, and bringing innovation closer to fans.

“South Asia is home to one of the world’s youngest and most passionate football communities. Football has the unique power to bring people together beyond borders and cultures. We are proud to continue TECNO’s football journey through the SAFF Championship Bangladesh 2026 and look forward to working with SAFF to create unforgettable experiences for millions of football fans across the region.”

Speaking on behalf of TECNO Bangladesh, Rezwanul Hoque, CEO of Ismartu Technology BD Limited, said: “Football has become an important part of TECNO’s global journey because it reflects the values we believe in: passion, resilience, and the courage to dream bigger. Following our partnership with the Bangladesh Football Federation during the AFC Asian Cup Qualifiers, we are honoured to continue that journey as the Title Sponsor of the SAFF Championship Bangladesh 2026. Guided by our brand spirit, ‘Stop At Nothing,’ we look forward to working with SAFF and BFF to create a championship that inspires players, unites communities, and leaves a lasting legacy for football across South Asia.”

Welcoming the championship to Bangladesh, Mr. Fahad Karim, Vice President of the Bangladesh Football Federation (BFF), highlighted Bangladesh’s role as the host nation and officially marked the beginning of the journey toward the championship this November.

“Hosting the SAFF Championship 2026 is a proud moment for Bangladesh and an important milestone for football in our country. Today marks the beginning of our journey toward November, and we look forward to welcoming our fellow South Asian nations to Bangladesh for a championship that celebrates football, friendship, and regional unity. We are delighted to welcome TECNO as the Title Sponsor, and together with SAFF, our Member Associations, and our partners, we look forward to making this a memorable tournament for players, supporters, and the entire South Asian football community.”

TECNO’s Global Football Journey Continues

Football has been at the heart of TECNO’s global brand journey for nearly a decade. Through partnerships with Manchester City Football Club, the CAF Africa Cup of Nations, and the AFC Club Competitions, TECNO has consistently used football as a platform to inspire young people, connect communities, and celebrate the power of sport.

In Bangladesh, TECNO strengthened that commitment through its title sponsorship of the AFC Asian Cup Qualifiers in partnership with the Bangladesh Football Federation. The overwhelming passion shown by Bangladeshi supporters reaffirmed the country’s vibrant football culture and inspired TECNO to deepen its engagement with the sport.

The SAFF Championship Bangladesh 2026 represents the next chapter in TECNO’s football journey, reinforcing the brand’s commitment to South Asia and its rapidly growing community of young football fans.

Growing Together with Bangladesh

Bangladesh continues to be one of TECNO’s most important strategic markets. Alongside its growing smartphone business, the brand is expanding its AI ecosystem and strengthening long-term investments in retail, innovation, and local partnerships—reflecting its confidence in the country’s digital future and youthful consumer base.

Beyond technology, TECNO remains committed to empowering the next generation by supporting platforms that encourage ambition, creativity, and meaningful human connection.

Football Meets AI Innovation

Throughout the championship, TECNO plans to showcase AI-powered experiences designed to bring fans closer to the game. Powered by Ella, TECNO’s AI assistant, these experiences are intended to demonstrate how intelligent technology can enrich football engagement through interactive match information, smarter fan interactions, and immersive digital experiences.

By combining the emotional power of football with accessible AI innovation, TECNO and SAFF share a common vision of inspiring young people, strengthening communities, and creating richer experiences for football fans across South Asia.

As the countdown to November 2026 begins, TECNO, SAFF, and the Bangladesh Football Federation share a common ambition—to deliver a championship that celebrates the passion of South Asian football while inspiring the next generation through innovation, partnership, and the enduring spirit of “Stop At Nothing.”

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Tony Jaa Becomes GAC’s 30-Millionth Customer – GAC Wins Global Trust with “True Craftsmanship”

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GUANGZHOU, China, July 25, 2026 /PRNewswire/ — On July 16, at the roll-off ceremony for GAC’s 30-millionth vehicle, Feng Xingya, Chairman of GAC Group, handed over the key to the right-hand-drive GAC M8 PHEV (named GN8 overseas) to Tony Jaa. The milestone vehicle is headed straight for overseas markets.

Thai action superstar Tony Jaa’s choice reflects the trust of 30 million customers worldwide. That trust is built not on showmanship, but on GAC’s solid manufacturing “true craftsmanship.”

From Guangzhou to the world, there are no shortcuts – quality speaks for itself. While the industry runs standard “three-high” tests, GAC pushes further with “five-high, one-mountain, one-dust” extreme vehicle trials. New models undergo at least “two winters and one summer” of validation – a minimum 18 months of real-world road testing, covering 12 major categories and over 1,500 sub-items across wind tunnel labs and proving grounds.

For each overseas market, GAC conducts additional adaptive testing for local climate and road conditions – from Middle Eastern desert heat to Southeast Asia’s humidity and heavy rains.

Quality consistency starts at the smart manufacturing front. GAC’s AION Intelligent Eco-Plant is the world’s first “Lighthouse Factory” for new energy vehicles, featuring full-process digital quality monitoring. Automated robots with AI vision systems deliver millisecond response and millimeter-level precision – ensuring uniform quality whether vehicles roll off lines in Guangzhou or overseas plants.

Safety comes first. GAC’s magazine battery has been deployed in 1.5 million vehicles, accumulating over 160 billion kilometers of safe driving. The Starlink Safety Protection System serves nearly 2 million users, preventing 6.28 million potential incidents.

With this commitment to quality and safety, GAC has established a presence in 110 countries and won the trust of 30 million users. Standing at this new milestone, GAC will continue to refine its craftsmanship and deliver worry-free, high-quality mobility experiences to every customer worldwide.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

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Alisira OÜ Publishes Findings on Why Most Marketing Dashboards Miss the Metrics That Matter

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Alisira OÜ has published a set of findings examining why so many marketing dashboards continue to fail to surface the numbers that actually shape decisions. The review looks at the gap between the volume of data modern platforms can collect and the amount that actually gets used when a marketing team sits down to figure out what is supposed to happen next.

TALLINN, Estonia, July 25, 2026 /PRNewswire-PRWeb/ — A Widening Gap Between Data Collection and Decision-Making

What there is often a shortage of, according to Alisira, is a dashboard that actually connects the numbers it displays to a decision someone in the room is genuinely trying to make. That distinction is where most measurement setups tend to fall apart quietly. A dashboard can be full of activity metrics, things like impressions, click volume, and session counts, without ever getting around to answering the question a budget owner is really asking. That question is usually some version of whether a given effort is working and whether more resources should be put behind it. Engagement is easy to display. Revenue contribution by channel takes more work to calculate correctly, particularly once multiple touchpoints and delayed purchases are involved, so it is the piece that tends to be most often left out of the weekly report. However, it is also the piece that leadership actually cares about when the conversation turns serious.

Where Standard Dashboards Fall Short

Alisira’s review identifies several categories of metrics that tend to be underrepresented on standard marketing dashboards, even in cases where the underlying data would in principle be accessible:

Cross-channel attribution, as opposed to last-click or single-platform creditCustomer lifetime value by acquisition source, rather than only first-purchase conversion ratesTime-to-conversion, which is frequently collapsed into a single count with no indication of the lag that is actually involvedAssisted conversions, where a channel contributed to a sale without being the final touchpointCohort-based retention figures, in place of a single blended retention % that has a tendency to hide which groups are actually staying and which are quietly leaving

Part of the difficulty is traceable back to how fragmented most measurement setups tend to be in the first place. Only 32% of marketers globally measure their media spending across both digital and traditional channels, according to Nielsen, which leaves the majority of teams working from a partial view before the dashboard-design questions have even come into play. Alisira’s findings suggest this is less a tooling problem than it is a structural one. What most organizations lack, more often than not, is a single point in the workflow where channel-level data is reconciled before it reaches a decision-maker in a usable form.

Alisira OÜ frames these findings as part of a broader shift away from dashboards built to display everything a platform can track, toward dashboards built around a smaller, more deliberate set of numbers tied to what a team actually decides to do next. The company plans to continue publishing analysis on measurement practices and marketing reporting in the months ahead.

Media Contact

Norman Drew, Alisira OÜ, 372 53687131, info@alisira.net, https://www.alisira.net/

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