According to the report, the fiber laser market valued for $3.3 billion in 2022, and is projected to reach $9.2 billion by 2032, growing at a CAGR of 11.0% from 2023 to 2032.
Rapid advancements in technology have revolutionized the industrial sector. Automation, robotics, artificial intelligence (AI), the Internet of Things (IoT), and other digital technologies have significantly improved efficiency, productivity, and quality in manufacturing and production processes. These technological advancements have led to the growth of factories and industries enabling faster and more flexible manufacturing capabilities where fiber laser have gained significant popularity in industrial applications such as metal cutting, welding, and marking. These factors together escalate the growth of fiber laser. However, maintenance and repairs are more complex as compared to other laser technologies, which incur additional cost and restrains the market. Nevertheless surge in demand from aerospace and defense industry is expected to offer remunerative opportunities in the upcoming years.
Download Sample Report (Get Full Insights in PDF - Pages)
https://www.alliedmarketresearch.com/request-sample/1725
COVID-19 Scenario
- The COVID-19 outbreak had a significant impact on the fiber laser market. The fiber laser market heavily relies on the global supply chain for raw materials, components, and manufacturing equipment.
- The pandemic caused disruptions in international trade, travel restrictions, and temporary closures of manufacturing facilities. These disruptions led to delays in production, reduced availability of key components, and increased lead times for fiber laser systems.
Based on type, the ultrafast fiber laser and visible fiber laser segment accounted for the largest share in 2022, contributing to nearly two-thirds of the global fiber laser market revenue and is expected to rule the roost during the forecast period. The same segment would cite the fastest CAGR of 11.2% from 2023 to 2032. With the increasing demand for high-speed data transmission and processing, ultrafast fiber lasers play a crucial role in advanced optical communication systems. They enable the generation and manipulation of communication system. Ultrafast fiber lasers provide powerful tool for studying ultrafast phenomena, exploring new materials, and pushing the boundaries of scientific knowledge. This factor has boosted the demand for ultrafast-based fiber laser in the growing R&D sector.
Request For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1725
Based on the application, the high power segment accounted for the largest share in 2022, contributing to more than half of the global fiber laser market revenue. Also, the same segment is expected to showcase the fastest CAGR of 11.5% throughout the forecast timeframe. The growth is attributed to the surge in consumer demand for electronic gadgets, rise in disposable income, and well-established manufacturing units. In addition, high-power marking is used to engrave or etch permanent markings on electrical components, such as connectors, switches, and enclosures. These marks may include part numbers, ratings, safety symbols, and compliance markings for regulatory purposes. This factor is projected to drive the market during the forecast period.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global fiber laser market and is projected to register the highest CAGR of 11,3% during the forecast period. China has emerged as a global manufacturing powerhouse. The country has a strong presence in industries such as automotive, electronics, machinery, aerospace, and metal fabrication. These industries heavily rely on advanced laser technologies for various applications. Fiber lasers, with their high precision, fast processing speeds, and versatility, have become a preferred choice for manufacturers in China. The robust manufacturing sector in China has significantly contributed to the growth of the fiber laser market in the Asia-Pacific region.
Interested in Procuring this Report? Visit @ https://www.alliedmarketresearch.com/fiber-laser-market/purchase-options
Leading Market Players: -
- AMONICS LTD
- TRUMPF
- COHERENT CORP.
- QUANTEL GROUP
- IPG PHOTONICS CORPORATION
- NKT PHOTONICS A/S
- TOPTICA PHOTONICS AG
- CY LASER SRL
- APOLLO INSTRUMENTS, INC
- JENOPTIK GROUP
The report provides a detailed analysis of these key players in the global fiber laser market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports:
Spandex Fiber Market: https://www.alliedmarketresearch.com/spandex-fiber-market
Carbon Fiber Market: https://www.alliedmarketresearch.com/carbon-fiber-market
Concrete Fiber Market: https://www.alliedmarketresearch.com/concrete-fiber-market
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
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.
Moreover, investments by the big market players towards R and innovations are among other elements anticipated to help the market grow in future.
The other players in the value chain include O.R.
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.
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.
