The “Fiber lasers Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global fiber lasers market is expected to grow from $2.17 billion in 2020 to $2.36 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to reach $3.4 billion in 2025 at a CAGR of 9.6%.
Major players in the fiber laser market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation and Jenoptik Laser GmbH.
The fiber laser market consists of sales of fiber lasers. Fiber lasers are used for welding, cutting and other material processing. A fiber integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike the conventional lasers.
The fiber lasers market covered in this report is segmented by type into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser. It is also segmented by aplication into marking, micro processing, high power, fine processing and by end use into material processing, healthcare into others.
Nonlinear optical effects act as a restraint on the fiber laser market. Nonlinear optical effect is a phenomenon occurring due to the use of fiber laser which can lead to breakdown and damage of the material on which fiber laser is applied. Also, this can lead to overheating of the material and can cause severe damage to the material. FC Laser Ltd was skeptical about the use of fiber laser. FC Laser was not certain about the versatility and efficiency of the fiber laser and was much more comfortable using CO2 laser.
New technologies such as high power fiber laser and diode laser have been introduced in the fiber laser market. With 800 nm wavelength, diode laser has the deepest penetration levels. Another new technology, blue laser has also been introduced in the market specially targeted for the welding purpose. Blue laser has higher power and brightness compared to ordinary laser.
Rise in disposable income drives the growth of automobile and mobile electronics industries which results in growth of the fiber laser market. According to CEIC Data, there has been a 10% rise in disposal income in India which led to growth of automobile and mobile electronics industries.
Thus, automobile and mobile electronics markets are growing at a rapid pace and use of fiber lasers becomes indispensable to sustain the growth. Fiber laser is used for labelling, cutting and welding automobile parts. Use of fiber laser makes it easier and convenient for cutting small and complex automobile parts. Mobile electronics devices are getting compact day by day and thus electronic industry also requires fiber laser to cut lean and fragile electronic parts.
Center for Devices and Radiological Health (CDRH) is a regulatory body in the USA regulating the fiber laser market. CDRH is responsible for manufacturing, implication, performance, and safety pertaining to fiber laser devices. CDRH checks whether the device is properly labelled and are equipped with safety equipment. CDRH oversees whether the manufacturer has provided with the correct classification of laser and whether the manufacturer has attached the warning labels on the device.
Key Topics Covered:
1. Executive Summary
2. Fiber lasers Market Characteristics
3. Fiber lasers Market Trends and Strategies
4. Impact Of COVID-19 On Fiber lasers
5. Fiber lasers Market Size and Growth
5.1. Global Fiber lasers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Fiber lasers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Fiber lasers Market Segmentation
6.1. Global Fiber lasers Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
6.2. Global Fiber lasers Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Micro processing
- High power
- Fine processing
6.3. Global Fiber lasers Market, Segmentation by End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Material Processing
7. Fiber lasers Market Regional and Country Analysis
7.1. Global Fiber lasers Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Fiber lasers Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Amonics Ltd.
- Apollo Instruments Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- CY Laser SRL
- NKT Photonics A/S
- Quantel Group
- Toptica Photonics AG
- Lasertechnologie GmbH
- Sigma Mechatronics Pvt. Ltd
- SPI Lasers Limited
- Wuhan Raycus Fiber Laser Technologies Co., Ltd
- Maxphotonics Co
- Lumentum Operations LLC
- nLIGHT Inc
- Keopsys S.A
- Fujikura Ltd
- Furukawa Electric Co., Ltd
- Newport Corporation
- EO Technics
- O.R. Lasertechnologie GmbH
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