Fiber Laser market was valued at US$ 0.98 Bn. in 2021 and it is expected to reach US$ 2.07 Bn. by 2027 at a CAGR of 2.1% during the forecast period.
Fiber Laser Market Introduction:Fiber lasers are optically pumped devices that are most typically used with laser diodes but can also be used with other fiber lasers. Most, if not all, of the optics in these systems are fiber components, with most, if not all, of the components fiber-coupled to one another. Bulk optics are employed in some systems, and an internal fiber-coupling system is occasionally paired with external bulk optics. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2021 is considered a base year however 2021’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. Rising Demand for Fiber Lasers in Cutting Applications Fuels Growth of Fiber Laser Market Increased fibre laser cutting applications (flat sheet cutting, tube cutting, and 3D cutting) in several areas, including aerospace (high-strength components that can withstand the pressures of outer space), military, and other sectors for manufacturing multiple equipment, are creating a huge growth opportunity for the fiber laser market. Fiber lasers can be used to cut silicon for solar cells and semi-conductors, to shape items in manufacturing and industrial environments, to cut stents for medical applications, and to cut gems for jewellery. Fiber lasers are also utilised in the automotive industry to cut stator plates and battery foils. Moreover, the rapid industrialization across the globe has increased the demand for pulsed fiber lasers in cutting application to replace conventional methods such as ink-based printing and chemical etching, which is expected to fuel the growth of fiber laser market. There is an increase in demand for fiber lasers in cutting applications due to much less power consumption than traditional cutting techniques and waste of much less material. Moreover, the whole laser cutting process is non-contact that will reduce the downtime and increase the profits due to less risk of personal injuries, no wear and tear of moving parts, and no material damage due to contact. Thus, the wide use of fiber lasers for cutting applications in multiple areas is creating huge growth opportunities for the fiber laser providers. Amazing Fiber Laser Machine Price Trends As previously stated, fiber laser technologies have a wide range of applications, and their prices are mostly dictated by their design, intended usage, and production costs. Desktop fiber laser markers, for example, are now widely available on major e-commerce platforms such as Alibaba and Amazon, with costs starting at $2500. As the technology for making gadgets more compact and energy-efficient advances, so does market demand and global reach, and the motivation for mass production allows device manufacturers to benefit from economies of scale, allowing them to offer ever-lower pricing. Fiber Laser Technology Roadmap for 2017-2027 Fiber laser technology is prepared to increase from strength to strength, as evidenced by the following realities: • In the following decade, fiber laser equipment will continue to be developed for a variety of industries and applications. • Existing devices will be enhanced to boost output efficiency, accuracy, and complexity while lowering device acquisition and operation costs. • Older, more expensive non-fiber laser equipment will be replaced with the new fibre laser technology. • Fiber laser solutions will continue to find new applications, both in terms of industry and geography, necessitating the continuing development of these technologies today and in the future. China’s Changing Laser Markets Because China is the world's largest single laser market, Bo Gu's presentation was keenly anticipated. The Chinese laser market grew in 2017 and 2018, then declined in 2019 before the pandemic struck. It began in Wuhan, China's laser and photonics capital, and spread to Europe, North America, and the rest of the world. Fortunately, China bounced back quickly, as did the Chinese laser market. In 2020, it surpassed the $10 billion mark with a total volume of $10.91 billion. China is making significant changes in the larger picture. Last year, China's GDP increased by only 2.3 percent. Despite this, its volume reached $21 trillion, accounting for 74% of US GDP. China will now build its home markets and enhance consumption after decades of ever-increasing exports. Gu advises American companies attempting to stay in business in China to develop a multiyear product localization strategy based on their competitive edge over good-enough items in the target market group. It should acquire local assets if required, as China has the strength that the US lacks. The current state of China's laser markets: Lasers are currently available from more than 150 Chinese enterprises with extensive technical expertise. They've started a price war that's driving international competitors out of some market categories. This domestication process is complete for low- to medium-power fiber lasers, and it will be extended to high-power fiber lasers in 2021, as well as ultrashort-pulse lasers. While industrial laser system unit prices continue to reduce, the quantity of sold systems grows even quicker. The Chinese fiber laser market is estimated to be worth $1.38 billion by 2020, with a domestic share of $773 million, or around 56%. Also, that's nearly a quarter of the world's entire revenue. The whole Chinese laser market is expected to rise by 15% in 2021, according to Gu. The Reasons for This Amazing Expansion Are Numerous: New national infrastructure projects, such as trains, bridges, airports, seaports, subways, and so on, are driving sales of industrial laser systems. Laser sales are also being driven by 3C [Computers, Communications, and Consumer Devices] electronics, the 5G network rollout, and investments in e-mobility. Furthermore, Chinese lasers and systems exports are rapidly increasing. This may begin with an emphasis on Asian markets, but it will undoubtedly expand beyond that. After all, the Chinese laser sector is booming and appears to be set to continue. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Fiber Laser dynamics, structure by analyzing the market segments and projecting the Fiber Laser size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Fiber Laser market make the report investor’s guide.
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Fiber Laser Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 0.98 Bn. Forecast Period 2022 to 2027 CAGR: 13.19% Market Size in 2027: US $ 2.07 Bn. Segments Covered: by Product Type • Infrared Fiber Laser • Ultraviolet Fiber Laser • Ultrafast Fiber Laser • Visible Fiber Laser by Application • High Power Cutting and Welding • Marking • Fine Processing • Micro Processing
Fiber Laser Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Fiber Laser Market Key Players• Amonics Ltd. • Apollo Instruments Inc. • Coherent Inc. • IPG Photonics Corporation • Jenoptik Laser GmbH • CY Laser SRL • NKT Photonics A/S • Quantel Group • TRUMPF • Toptica Photonics AG • Active Fiber Systems GmbH • Fujikura Ltd. • Convergent Photonics • Maxphotonics Co,.Ltd • nLIGHT, Inc. • Wuhan Raycus Fiber Laser Technologies Co., Ltd. • Others Frequently Asked Questions: 1. Which region has the largest share in Fiber Laser Market? Ans: The Asia Pacific held the largest share in 2021. 2. What is the growth rate of the Fiber Laser Market? Ans: The Fiber Laser Market is growing at a CAGR of 13.19% during the forecasting period 2021-2027. 3. What segments are covered in the Fiber Laser market? Ans: Fiber Laser Market is segmented into Product Type, Application, and Region. 4. Who are the key players in the Fiber Laser market? Ans: The important key players in the Fiber Laser Market are – Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, Toptica Photonics AG, Active Fiber Systems GmbH, Fujikura Ltd., Convergent Photonics, Maxphotonics Co,.Ltd, nLIGHT, Inc., Wuhan Raycus Fiber Laser Technologies Co., Ltd., and Others. 5. What is the study period of this market? Ans: The Fiber Laser Market is studied from 2022 to 2027.
1. Global Fiber Laser Market: Research Methodology 2. Global Fiber Laser Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Fiber Laser Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Fiber Laser Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Fiber Laser Market Segmentation 4.1. Global Fiber Laser Market, by Product Type (2021-2027) • Infrared Fiber Laser • Ultraviolet Fiber Laser • Ultrafast Fiber Laser • Visible Fiber Laser 4.2. Global Fiber Laser Market, by Application (2021-2027) • High Power Cutting and Welding • Marking • Fine Processing • Micro Processing 5. North America Fiber Laser Market (2021-2027) 5.1. North America Fiber Laser Market, by Product Type (2021-2027) • Infrared Fiber Laser • Ultraviolet Fiber Laser • Ultrafast Fiber Laser • Visible Fiber Laser 5.2. North America Fiber Laser Market, by Application (2021-2027) • High Power Cutting and Welding • Marking • Fine Processing • Micro Processing 5.3. North America Fiber Laser Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Fiber Laser Market (2021-2027) 6.1. European Fiber Laser Market, by Product Type (2021-2027) 6.2. European Fiber Laser Market, by Application (2021-2027) 6.3. European Fiber Laser Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Fiber Laser Market (2021-2027) 7.1. Asia Pacific Fiber Laser Market, by Product Type (2021-2027) 7.2. Asia Pacific Fiber Laser Market, by Application (2021-2027) 7.3. Asia Pacific Fiber Laser Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Fiber Laser Market (2021-2027) 8.1. Middle East and Africa Fiber Laser Market, by Product Type (2021-2027) 8.2. Middle East and Africa Fiber Laser Market, by Application (2021-2027) 8.3. Middle East and Africa Fiber Laser Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Fiber Laser Market (2021-2027) 9.1. South America Fiber Laser Market, by Product Type (2021-2027) 9.2. South America Fiber Laser Market, by Application (2021-2027) 9.3. South America Fiber Laser Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Amonics Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Apollo Instruments Inc. 10.3. Coherent Inc. 10.4. IPG Photonics Corporation 10.5. Jenoptik Laser GmbH 10.6. CY Laser SRL 10.7. NKT Photonics A/S 10.8. Quantel Group 10.9. TRUMPF 10.10. Toptica Photonics AG 10.11. Active Fiber Systems GmbH 10.12. Fujikura Ltd. 10.13. Convergent Photonics 10.14. Maxphotonics Co,.Ltd 10.15. nLIGHT, Inc. 10.16. Wuhan Raycus Fiber Laser Technologies Co., Ltd. 10.17. Others