Fiber Laser Market Scope
Laser fiber is a fiber in which the beam delivery, as well as the laser cavity, is integrated into a single system inside and optical fiber with the beam which is generated within the fiber. The fiber laser is debilitated with sparse earth elements such as erbium, dysprosium, thulium, holmium, praseodymium and neodymium. The fibers are called active fiber which is typically in solid state laser and are comparable in diameter to a human hair.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Coherent (United States), Amonics Ltd. (Hong Kong), Apollo Instruments Inc. (United States), IPG Photonics Corporation (United States), Lumentum (United States), Jenoptik (United States), Novanta (United States), Lumibird (France), LaserStar (United States), Epilog Laser (United States) and MKS Instruments (United States) |
CAGR | 21.7% |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Fiber Laser market throughout the predicted period.
Coherent (United States), Amonics Ltd. (Hong Kong), Apollo Instruments Inc. (United States), IPG Photonics Corporation (United States), Lumentum (United States), Jenoptik (United States), Novanta (United States), Lumibird (France), LaserStar (United States), Epilog Laser (United States) and MKS Instruments (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are CY Laser SRL (Italy), NKT Photonics A/S (Denmark), TRUMPF (Germany) and Toptica Photonics AG. (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fiber Laser market by Type , by Application (High Power {Cutting And Welding}, Marking, Fine Processing and Micro Processing) and Region with country level break-up. On the basis of Type, Ultraviolet are dominating the market in the year 2023
On the basis of application, High-power cutting and welding segment is dominating the market in the year 2023
On the basis of geography, the market of Fiber Laser has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2022,TRUMPF has acquired an 80% stake in Active Fiber Systems GmbH (AFS), a company based in Jena, Germany. AFS develops and manufactures ultrashort-pulse laser systems and fiber laser systems used primarily in science and research.
In September 2023, IPG Photonics Corporation the world leader in fiber laser technology, will highlight new and innovative laser solutions at The Battery Show from September 12-14, 2023 in Novi, Michigan, USA. The IPG booth will include industry-leading fiber laser sources and automated laser systems for EV battery welding applications.
Influencing Trend:
3D Printing and Manufacturing Units Are Trending In the Market and Shift toward Production of Nano and Micro Devices
Market Growth Drivers:
Increasing Investments for Research & Development, Growing Manufacturing and Electronics Sectors across the Globe, High Beam Quality and a Lower Cost of Ownership and Increasing Implementations and Applications of Fiber Laser
Challenges:
Lack and Toughness in Holding the Traders with the Dependence on Limited Suppliers and Requirement of Heavy Investment in the Sector
Restraints:
Regulatory Compliances, Reduced Cutting Speed While Processing Thicker Materials Using Laser Technology and Complex Structure with the Need of Skilled Operator for Proper Functioning and Handling
Opportunities:
Development of Cost-Effective and Fast Processing Laser Machine Tools and Automobile and Mobile Electronics Applications
Key Target Audience
Venture capitalists and private equity firms, Laser processing system providers, Technology providers, Associations, organizations, and forums related to laser processing, Startup companies and Research organizations and consulting companies