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.
A fiber laser uses an optical fiber as an active medium doped in rare-earth elements like erbium, ytterbium, neodymium, thulium, praseodymium, holmium, and dysprosium. It is alignment and maintenance-free and offers advantages, including adaptability, compactness, reliability, cost-effectiveness and high energy levels.It is currently available in numerous forms, which can be adopted for welding heavy sheets of metal and producing femtosecond pulses.
Global Fiber Laser Market Trends:
Rapid industrialization, in confluence with the rising adoption of advanced technologies to enable automation in various manufacturing processes, represents one of the key factors bolstering market growth. Apart from this, due to the growing prevalence of chronic diseases among individuals, fiber lasers are gaining traction in the healthcare industry. They are used in dentistry, photodynamic therapy, and biomedical sensing for mid-infrared spectroscopy. Moreover, with the rising demand for electric vehicles (EVs), the application of fiber lasers is anticipated to rise in the internal combustion engines (ICEs).
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Global Fiber Laser Market 2023-2028 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.
- 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:
- Fine and Micro Processing
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
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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
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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