According to the latest report by IMARC Group, titled “Fiber Laser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global fiber laser market to grow at a CAGR of around 8% during 2021-2026.
A fiber laser refers to a solid-state laser that uses optical fiber doped in rare-earth elements, including neodymium, thulium, erbium, holmium, or praseodymium, as the active medium. These elements provide a cost-effective diode laser pump source with a high-power output. They further help in making fiber lasers compact, reliable, electrically- and optically-efficient, with high beam quality and peak energy. Fiber laser offers better stability, higher precision, and resistance to environmental disturbances due to their sealed optical path.
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Fiber lasers are widely used across various sectors, such as micromachining, biology and medical sciences, and telecommunications for coding and marking requirements. Furthermore, fiber lasers are extensively utilized in the electrical and automotive industries as they offer improved efficiency due to their large surface-to-volume ratio that instantly dissipates thermal energy. Moreover, the growing trend for miniaturization of integrated circuits (ICs) and wafers, further propels the demand for fiber lasers for maximizing the process speed and precision along with reducing operational costs. Additionally, several manufacturers are designing automated and energy-efficient fiber laser solutions, which are further likely to bolster the product demand. Additionally, the market is also fostered by the adoption of fiber lasers in several green manufacturing procedures as they consume lesser energy and offer a higher diode life than their conventional crystal- or gas-based counterparts.
Fiber Laser Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.
- Amonics Limited
- Apollo Instruments Inc.
- Coherent Inc.
- Cy-laser S.r.l.
- IPG Photonics Corporation
- MKS Instruments Inc.
- Omron Corporation
- NKT Photonics A/S
- Toptica Photonics
- Trumpf GmbH + Co. KG
The report has segmented the market on the basis of type, application and region.
Breakup by Type:
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Visible Fiber Laser
Breakup by Application:
- Fine and Micro Processing
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Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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