The global fiber lasers market size is expected to grow from $2.97 billion in 2021 to $3.35 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The change in the fiber laser market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $5.27 billion in 2026 at a CAGR of 12%.
What is the Global Fiber Lasers Market?
The fiber laser market consists of sales of fiber lasers. Fiber lasers are used for welding, cutting and other material processing. A fiber integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike the conventional lasers.
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What drives the Global Cognitive Assessment And Training Market?
Rise in disposable income drives the growth of automobile and mobile electronics industries which results in growth of the fiber laser market. According to CEIC Data, there has been a 10% rise in disposal income in India which led to growth of automobile and mobile electronics industries. Thus, automobile and mobile electronics markets are growing at a rapid pace and use of fiber lasers becomes indispensable to sustain the growth. Fiber laser is used for labelling, cutting and welding automobile parts. Use of fiber laser makes it easier and convenient for cutting small and complex automobile parts. Mobile electronics devices are getting compact day by day and thus electronic industry also requires fiber laser to cut lean and fragile electronic parts. For instance, companies such as Laserline, Trumpf, and Coherent are developing fiber lasers specially focused on automobile industry.
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Global Fiber Lasers Market Segments
The global fiber lasers market is segmented:
By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
By Application: Marking, Micro Processing, High Power, Fine Processing
By End-Use: Material Processing, Healthcare, Others
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.
Fiber Lasers Global Market Report 2022provides market size and growth forecasts for the global fiber lasers market, global fiber lasers market share, fiber lasers market segments and geographies, fiber lasers market competitive landscape including leading competitors’ revenues, profiles and market shares. The fiber lasers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Fiber Lasers Industry Playersinclude Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
