What Fueled The Previous Growth In The Fiber Lasers Market?
The fiber lasers market has seen considerable growth due to a variety of factors.
• The size of the fiber lasers market has seen a swift expansion in the past few years. The market is forecasted to escalate from $4.15 billion in 2024 to $4.63 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 11.5%.
The surge in the market during the historical period can be linked to its usage in industries like telecommunications, military and defense, along with medical and healthcare.
What Can Be Expected from the Fiber Lasers Market Size?
The fiber lasers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for fiber lasers is anticipated to witness substantial growth in the coming years and is estimated to reach $7.74 billion in 2029, with a compound annual growth rate (CAGR) of 13.7%.
This predicted growth for the forecast period can be linked to progress in manufacturing, fiber optic communication, energy efficiency, and the aerospace and defense sectors. The forecast period will also see trends like high power fiber lasers, fiber laser cutting and welding, applications in medical and healthcare, and the use of fiber laser cutting in 3d printing.
What Are the Critical Driver Fuelling The Fiber Lasers Market's Growth?
The surge in disposable income inspires the expansion of the vehicle and mobile electronics sectors, thus boosting the fiber laser market's growth. According to CEIC Data, disposable income in India has seen a 10% increase, resulting in the development of the automotive and mobile electronics sectors. As a result, the markets for vehicles and mobile electronics are expanding rapidly, and the application of fiber lasers is essential for maintaining this growth. Fiber lasers are used for labeling, cutting, and welding automobile components. The deployment of fiber lasers simplifies the process and makes intricate and small automotive components more convenient to cut. As mobile electronic appliances become smaller, the electronic sector also requires fiber lasers to cut thin and delicate electronic parts. For example, companies such as Laserline, Trumpf, and Coherent are developing fiber lasers that are particularly focused on the vehicle industry.
How Is The Fiber Lasers Market segmented?
The fiber lasers market covered in this report is segmented –
1) By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
2) By Application: Marking, Micro Processing, High Power, Fine Processing
3) By End Use: Material Processing, Healthcare: Other End Users
Subsegments:
1) By Infrared Fiber Laser: Continuous Wave (CW) Infrared Fiber Laser, Pulsed Infrared Fiber Laser
2) By Ultraviolet Fiber Laser: UV Laser with High Pulse Energy, Low-Power UV Fiber Laser, High-Power UV Fiber Laser
3) By Ultrafast Fiber Laser: Femtosecond Fiber Laser, Picosecond Fiber Laser, Milder Duration (Nanosecond) Ultrafast Fiber Laser
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What New Trends Are Influencing The Fiber Lasers Market?
Emerging technologies like high-power fiber lasers and diode lasers have made a debut in the fiber laser industry. With a wavelength of 800 nm, the penetration levels of a diode laser are significantly deeper. The industry has also seen the introduction of yet another innovative technology - the blue laser, specifically designed for welding tasks. Boasting higher power and brightness, the blue laser stands out from the standard laser, due to its feature of not generating an excessive amount of heat. These cutting-edge technologies in the fiber laser space enable greater accuracy during welding and material cutting processes. Bystronic, a company based in Switzerland is at the forefront, providing these novel high-power fiber lasers and diode lasers for applications in welding, cutting, and material processing. In a stride of innovation, NUBURU, a company based in the US, has devised and now produces high-power blue laser technology.
Who Are the Key Players In The Fiber Lasers Market?
Major companies operating in the fiber lasers market include:
• 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.
What Is The Most Dominant Region In The Fiber Lasers Market?
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
