Fiber Laser Market to Grow at 14.51% CAGR by 2030
The increasing demand for high-power pulsed lasers in industries such as automotive, aerospace and mobile electronics is driving the fiber laser market globally
The Fiber Laser market is expected to grow at a CAGR of 14.51% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
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 such as ytterbium, erbium, neodymium and others, which amplify the produced light. Fiber lasers are widely used in number of industrial manufacturing processes such as marking, metal cutting and welding of automotive and aircraft components. Technological advancements, rapid improvement in infrastructure coupled with research and development in this field have contributed to the growth of the market. Additionally, factors like flourishing automotive industry as well as the growing demand of electric vehicles are vital for the growth of fiber laser market during the forecast period. 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 hinder the market growth. According to the report, other factors such as growing demand for compact, cost effective lasers along with widespread adoption of fiber lasers into numerous new industries are also anticipated to propel the market growth.
Based on 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 Laser and nanosecond fiber laser. On the basis of application, the fiber laser market is segmented into high power, marking, fine processing and micro processing. Marking is sub segmented into cutting and welding & others. Cutting is further categorized into flat sheet cutting, tube cutting and 3-D cutting. Welding & others is further categorized into power train, tube welding, car body scanner welding, car body seam welding and others. Based on Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.
At present, due to the expansion of the large-scale manufacturing sector in countries such as China, India, Japan, and other Asia-Pacific countries, Asia-Pacific region possesses the lion share in the fiber laser market. The North America region is expected to show steady growth within the forecast period.
Browse key industry insight from the report,” Fiber Laser Market by Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser) and Application (High-Power, Marking, Fine Processing, and Micro Processing) - Global Opportunity Analysis and Industry Forecast, 2020-2030”
According to the report, some the key players in the market are 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. The other players in the value chain include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.
Key Insights from the Fiber Laser Market Report:
- Current emerging trends and opportunities are extensively analysed in fiber laser market report.
- The forecast of the fiber laser market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report fiber laser Market – is segmented by type, application and geography.
About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com