Global Fiber lasers Market Scope 2024, Forecast To 2033
11 Jan, 2024
The fiber lasers market has witnessed rapid growth, advancing from $3.76 billion in 2023 to $4.22 billion in 2024, reflecting a 12.3% Compound Annual Growth Rate (CAGR). Historical growth is linked to industrial applications, telecommunications, military and defense, and medical and healthcare. Projections suggest sustained rapid growth, reaching $6.93 billion in 2028, with a 13.2% CAGR. This trajectory is attributed to advanced manufacturing, fiber optic communication, energy-efficiency, and aerospace and defense. Key trends include high-power fiber lasers, fiber laser cutting and welding, medical and healthcare applications, and fiber laser cutting in 3D printing.
Global Fiber lasers Market Key Driver
The growth of disposable income is fostering the development of the fiber laser market, driven by increased demand in the automobile and mobile electronics industries. In India, a 10% rise in disposable income has spurred growth in these sectors. Fiber lasers play a crucial role in labeling, cutting, and welding automobile parts. With mobile electronic devices becoming more compact, the electronic industry also relies on fiber lasers for precision cutting. Companies like Laserline, Trumpf, and Coherent are tailoring fiber lasers specifically for the automobile industry.
Get A Free Sample Of The Global Fiber lasers Market ReportGlobal Fiber lasers Market Segments
The fiber lasers market covered in this report is segmented –
1)By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
2)By Aplication: Marking, Micro Processing, High Power, Fine Processing
3)By End Use: Material Processing, Healthcare: Other End Users
By Geography: The regions covered in the fiber lasers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the fiber lasers market in 2023. The regions covered in the fiber lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fiber lasers Industry Players
Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF SE + Co KG, Toptica Photonics AG, Lasertechnologie GmbH, Sigma Mechatronics Pvt Ltd., SPI Lasers Limited, Wuhan Raycus Fiber Laser Technologies Co Ltd., MaxPhotonics Co Ltd., Lumentum Operations LLC, nLIGHT Inc., Keopsys SA, Fujikura Ltd., Furukawa Electric Co Ltd., Newport Corporation, EO Technics Co Ltd., O.R. Lasertechnologie GmbH, Avonisys AG, Bystronic Inc., Amada Weld Tech Co Ltd., Epilog Laser, Raymond Laser, Accurl, Thorlabs Inc.
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Fiber lasers Market Overview
A fiber laser is a type of device that integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike conventional lasers. Fiber lasers are part of laser marking systems as they achieve high dimensional accuracy in manufactured electronic products. Fiber lasers are used for welding, cutting, and other material processing.
Fiber lasers Global Market Report 2023 provides data on the global fiber lasers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fiber lasers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.