Fiber Laser Market by Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser), by Application (High Power, Marking, Fine Processing, and Micro Processing)- Global Opportunity Analysis and Industry Forecast, 2021 – 2030
Industry: Materials and Chemical | Publish Date: 30-Nov-2024 | No of Pages: 356 | No. of Tables: 201 | No. of Figures: 171 | Format: PDF | Report Code : MC358
Market Definition:
At an estimated value of USD 2.23 billion in 2020, the global Fiber Laser Market is predicted to thrive at a CAGR of 14.51% to be valued at USD 8.42 billion by 2030.
A 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 that amplify the produced light. It has wide application in different industries due to its high efficiency, cost-effectiveness, compact size and low maintenance cost.
Market Dynamics and Trends
Increasing demand for high-power pulsed lasers is one of the key factors driving the global fiber laser market. These types of lasers are prominently used for non-destructive testing of materials. Also, fiber lasers are increasingly being adopted in number of industrial manufacturing processes including marking, metal cutting and welding of automotive and aircraft components.
Additionally, increasing use of fiber lasers in optical pumping, 3D micro milling, micro-cutting, surface treatment, blind hole machining, microscopy, military and mobile electronics applications is likely to propel the fiber laser market growth.
Moreover, there has been a rise in investment for the development of fiber laser manufacturing plants due to the growing demand for fiber lasers from various end user industries. Such significant capital infusion is also directed towards expanding the footprint into new markets, strengthening the production capacity, as well as introducing new product lines.
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 hamper the growth of fiber laser market. On the other hand, increasing research and development activities coupled with innovation pertaining to green manufacturing are expected to create ample opportunities in the fiber laser market over the forecast period.
Market Segmentations and Scope of the Study:
The global fiber laser industry share has been segmented on the basis of 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. 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 geography the market is segmented into North America, Europe, Asia Pacific and RoW.
Geographical Analysis
Asia-Pacific is anticipated to hold the lion share of the market due to the expansion of the large-scale manufacturing sector in countries such as China, India, Japan, and other Asia-Pacific countries.
Also, increasing investment by the leading manufacturers owing to lower labor costs and availability of raw materials at affordable prices are expected to boost the market growth in this region. The other developed regions such as North America and Europe are expected to witness steady growth in the coming years. Mexico is the fastest growing regional market in North America.
Competitive Landscape
Lucrative growth opportunities make the global fiber laser market extremely competitive. Some of the major players in the market are IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co. Ltd., Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co. Ltd., Keopsys S.A., Fujikura Ltd., NLIGHT Inc. Strategic alliances, innovations and R&D are key strategies used by market players to maintain market dominance.
For instance, in November 2020, IPG Photonics Corporation has launched the LightWELD hand-held laser welding system that enables fast welding and high-quality results in a variety of materials and thicknesses, with low heat input and little or no filler wire.
Key Benefits
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The fiber laser report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market
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The information related to key drivers, restraints and opportunities and their impact on the market is provided in the report.
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The market share of the players in the global fiber laser market along with their competitive analysis.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Fiber Laser Market Key Segments:
By Type
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Infrared Fiber Laser
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Ultraviolet Fiber Laser
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Ultrafast Fiber Laser
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Picosecond Fiber Laser
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Femtosecond Fiber Laser
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Visible Fiber Laser
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Quasi-CW Green Fiber Lasers
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Nanosecond Fiber Laser
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By Application
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High Power
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Cutting
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Flat Sheet Cutting
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Tube Cutting
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3D Cutting
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Welding
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Power Train
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Tube Welding
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Car Body Scanner Welding
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Car Body Seam Welding
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Others
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Marking
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Cutting and Welding
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Others
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Fine Processing
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Micro Processing
By Geography
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North America
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U.S
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Spain
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Italy
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Netherlands
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Denmark
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Finland
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Norway
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Sweden
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Russia
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Thailand
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Singapore
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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Key Players:
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IPG Photonics Corporation
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TRUMPF GmbH + Co. KG
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Maxphotonics Co., Ltd.
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Coherent Inc.
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Newport Corporation
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Wuhan Raycus Fiber Laser Technologies Co. Ltd.
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Lumentum Operations LLC
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Fanuc Corporation
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Furukawa Electric Co. Ltd.
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Keopsys S.A.
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Fujikura Ltd.
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NLIGHT Inc.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
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Analysis Period |
2020–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2021–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser), by Application (High Power, Marking, Fine Processing, and Micro Processing) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Spain, Italy, Netherlands, Denma, Finland, Norway, Sweden, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Singapore, Rest of AsiaPacific), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co. Ltd., Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co. Ltd., Keopsys S.A., Fujikura Ltd., NLIGHT Inc. |
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