Global Fiber Laser Market Size Worth US$ 4.3 Billion by 2028 | CAGR 9.2%

According to the latest report by IMARC Group, titled “Fiber Laser Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2023-2028”, The global fiber laser market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Definition and Application:

Fiber laser represents solid-state lasers that utilize optical fiber doped in rare-earth elements, including neodymium, erbium, thulium, holmium, and praseodymium, as the active medium. Some of the common product types include ultraviolet, infrared, ultrafast, visible, etc. These fiber laser variants are reliable, compact, optically and electrically efficient, and offer superior beam quality and high peak energy as compared to conventional lasers. They even provide improved stability, greater precision, and resistance to environmental disturbances for their sealed optical path. Consequently, fiber laser materials find widespread applications across numerous sectors, such as automotive, electrical, medical, telecommunication, etc.

Global Fiber Laser Market Trends:

The shifting preferences from solid-state laser cutting and chemical etching in the medical industry to ensure accurate micro-cutting are primarily driving the fiber laser market. In addition to this, the growing usage of the product in the automotive and electrical segments, on account of their large surface-to-volume ratio that quickly dissipates thermal energy and offers enhanced efficiency, is also positively influencing the global market. Furthermore, the increasing miniaturization of integrated circuits (ICs) and wafers is acting as another significant growth-inducing factor. Apart from this, the elevating focus among leading market players on designing automated and energy-efficient fiber laser solutions for replacing traditional ink-based printing methods is further catalyzing the market growth. Moreover, the emerging trend of green manufacturing and the escalating use of the products, owing to their lesser energy consumption in comparison to the gas- or crystal-based counterparts and their ability to facilitate higher diode life that helps reduce harmful impact on the environment are expected to propel the fiber laser market over the forecasted period.

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Global Fiber Laser Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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 on region, type and application.

Breakup by Type:

• Infrared Fiber Laser
• Ultraviolet Fiber Laser
• Ultrafast Fiber Laser
• Visible Fiber Laser

Breakup by Application:

• Cutting
• Welding
• Marking
• Fine and Micro Processing
• Medical
• Others

Breakup by Region:

• North America:( United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico,Others)
• Middle East and Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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