Fiber Laser Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 – 2030- The increasing demand for high-power pulsed lasers in industries such as automotive, aerospace and mobile electronics is driving the fiber laser market.
The Global Fiber Laser Market was valued at USD 2.36 Billion in 2019 and is predicted to reach USD 5.79 Billion by 2030 with a CAGR of 8.5% during the forecast period.
Fiber laser is an optically pumped device mostly used with laser diodes and in some cases with other fiber lasers. The optical fiber used in the fiber laser is doped with rare earth metals which amplify the produced light. Wide scope of application, reduced cost and improved efficiency are among key factors driving the market growth. Also, increase in demand for electric vehicles as well as the rapidly growing automobile industry are vital to the growth of the market. Moreover, investments by the big market players towards R&D and innovations are among other elements anticipated to help the market grow in future. However, reduced cutting speed during the processing of thicker materials using laser technology along with undesired pulse pedestals & non-linear optical effects are expected to hamper the growth of fiber laser market.
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The major players of the fiber laser market are 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. The other players in the value chain include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.
The fiber laser market is segmented into type, application and geography. On the basis of type, the fiber laser market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser and visible fiber laser. Ultrafast fiber laser is sub segmented into picosecond fiber laser and femtosecond fiber laser. Visible fiber laser is sub segmented into Quasi-CW green fiber lasers and nanosecond fiber lasers. On the basis of application, the fiber laser market is segmented into high power, marking, fine processing and micro processing. High power is sub segmented into cutting and welding & others. Cutting is further categorized into flat sheet cutting, tube cutting and 3D cutting. Welding and others is further categorized into power train, tube welding, car body scanner welding, car body seam welding and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.
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Recent analysis indicate that Asia-Pacific is leading in the global fiber laser market due to the expansion of the large-scale manufacturing sector in countries such as China, India, Japan, and other Asia-Pacific countries. Also, increasing investment by the leading manufacturers owing to lower labor costs and availability of raw materials at affordable prices are expected to boost the market growth in this region. Strategic collaborations and innovative product launches are commonly adopted strategies used by the key players to maintain their market dominance. For instance, in November 2020, IPG Photonics Corporation has launched the LightWELD hand-held laser welding system that enables fast welding and high-quality results in a variety of materials and thicknesses, with low heat input and little or no filler wire.
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Fiber lasers are mostly used for material processing applications like cutting and welding, marking, as well as fine and micro-processing of components in the automotive, manufacturing, heavy industries, and consumer electronics sectors.
It is also being used extensively for medical applications and RGlobal Fiber Laser Market to generate a revenue of close to $3 billion by 2022.Avail PDF sample copy of this report at: http://www.orbisresearch.com/contacts/request-sample/2163947 The report covers the present scenario and the growth prospects of the global fiber laser market for 2018-2022.
To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography: AmericasAPACEMEAGlobal Fiber Laser Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.Read more details of the report at: http://www.orbisresearch.com/reports/index/global-fiber-laser-market-2018-2022 Key vendors CoherentFANUCIPG PhotonicsTRUMPFWuhan Raycus Fiber Laser TechnologiesMarket driver Increasing demand for high-powered fiber lasersFor a full, detailed list, view our reportMarket challenge Dependence on limited suppliersFor a full, detailed list, view our reportMarket trend Growth of the 3D printing marketFor a full, detailed list, view our reportKey questions answered in this report What will the market size be in 2022 and what will the growth rate be?What are the key market trends?What is driving this market?What are the challenges to market growth?Who are the key vendors in this market space?You can request one free hour of our analyst’s time when you purchase this market report.
Details are provided within the report.Companies Mentioned:Coherent, FANUC, IPG Photonics, TRUMPF, and Wuhan Raycus Fiber Laser Technologies.Enquire more details of the report at: http://www.orbisresearch.com/contact/purchase/2163947 About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
The statistical surveying report on the global Visible Fiber Laser Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.
The global visible fiber laser market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-46339 According to this study, over the next five years, the Visible Fiber Laser market will register an 8.6% CAGR in terms of revenue, the global market size will reach $ 112.9 million by 2025, from $ 81 million in 2019.
The very recent Global Plastic Fiber Laser market research report published by Introspective Market Research is in favor of representing the upcoming trends and valuation of Plastic Fiber Laser market.
The Market report data has been collected and structured by the team of industry specialists/experts who have studied and predicted the market environment from 2020 to 2027, researchers have used primary and secondary research methodologies to determine the path of the market throughout the forecast years.
The data studied by the researchers is supported by historic and forecast values understanding all the valuable aspects.This Press Release will help you to understand the Volume, growth with COVID19 Impact Analysis.
Click HERE To get SAMPLE PDF (Including TOC, Table & Figures) at: https://introspectivemarketresearch.com/request/9636Key Player Mentioned: IPG Photonics, Trumpf, Coherent, Raycus, Maxphotonics, nLIGHT, Lumentum Operations, Jenoptik, EO Technics, JPT Opto-electronics, Fujikura.Product Segment Analysis: Continuous Wave (CW) Fiber Laser, Pulsed Fiber Laser and othersApplication Segment Analysis: High Power (Cutting, Welding & Other), Marking, Fine Processing, Micro ProcessingRegional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.
The report gives a clear understanding of various drivers, segments, government policies, technological innovations, opportunities, challenges, market risks, market barriers, upcoming trends and competitive landscape.Analysts have also highlighted the potential driving factors and other studies such as analysis of sales, revenue, growth rate, Value chain analysis, supply chain analysis, and et cetera.
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