Global Fiber Lasers Market Trends And Strategies Of Major Players In The Fiber Lasers Market 2021-2030
25 Nov, 2021
Global Fiber Lasers Market Size And Drivers:
The global fiber lasers market is expected to grow from $2.17 billion in 2020 to $2.36 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fiber laser market is expected to reach $3.40 billion in 2025 at a CAGR of 9.6%. Rise in disposable income drives the growth of automobile and mobile electronics industries which results in growth of the fiber laser market.
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Trends In The Global Fiber Lasers Market
New technologies such as high-power fiber laser and diode laser have been introduced in the fiber laser market. With 800 nm wavelength, diode laser has the deepest penetration levels. Another new technology, blue laser has also been introduced in the market specially targeted for the welding purpose. Blue laser has higher power and brightness compared to ordinary laser. Also, blue laser does not generate excess heat. These new technologies in fiber laser brings in more precision while welding and cutting of materials. Bystronic, a Switzerland-based laser company is providing all new high power fiber laser and diode laser for welding, cutting and material processing purpose. Also, NUBURU, US-based company invented and manufactures the high-power blue laser technology.
Global Fiber Lasers Market Segments:
The global fiber lasers market is further 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 global fiber lasers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Fiber Lasers Market At:
https://www.thebusinessresearchcompany.com/report/fiber-lasers-global-market-reportFiber Lasers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fiber lasers market overviews, analyzes and forecasts market size and growth for the global fiber lasers market, fiber lasers market share, fiber lasers market players, fiber lasers market segments and geographies, fiber lasers market’s 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.