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“Global Fiber Laser Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fiber laser market report has been segmented on the basis of product type, application, and region.
Global Fiber Laser Market: Overview
Fiber laser is a type of laser which have an optical fiber doped with rare element as the active gain medium. The rare elements used for doping can be ytterbium, thulium, erbium, holmium, praseodymium, dysprosium, or neodymium. These lasers comprise of long optical fibers with good thermal properties. Fiber laser has high output power, high optical quality, compact size, and is reliable. These lasers are used for many applications such as marking, micro processing, and others.
Global Fiber Laser Market: Dynamics
Growing demand for these type of lasers in medical sector, owing to its achieve precision and accuracy is a major factor expected to drive growth of the global fiber laser market. Increasing number of surgical operations is anticipated to augment growth of the potential market. Additionally, increasing demand for nanosecond pulsed fiber lasers in marking and cutting application coupled with rapid industrialization in order to replace conventional methods such as ink-based printing and chemical etching are other factors anticipated to fuel growth of the potential market to a certain extent in years to come. Furthermore, increasing demand for fiber laser in material processing, micro cutting applications, surface treatment, and others is estimated to propel growth of the fiber laser market in the next coming years.
However, high laser cost is a major factor which may restrain growth of the target market over the long run. In addition, stringent regulatory compliance pertaining to laser lights, is anticipated to be another factor restraining growth of the potential market.
Increasing adoption of these lasers in various applications and growing R&D for innovation of new and cost-effective products are among some factors projected to create lucrative opportunities for the manufactures, and is anticipated to support growth of the potential market.
Global Fiber Laser Market: Segment Analysis
Among the product type, the ultraviolet fiber laser segment is expected to hold significant revenue share over the forecast period, owing to its increasing demand for marking and cutting application of brittle materials and plastics.
Among application, the high power cutting and welding segment is anticipated to register for highest revenue share in years to come, owing to its usage for various welding and cutting processes.
Global Fiber Laser Market: Regional Analysis
Asia Pacific fiber laser market is estimated to hold maximum revenue share and is expected to dominate the global fiber laser market in the next coming years. Rapid industrialization couple with growing large-scale manufacturing facilities in countries such as China, India, and others is a major factor projected to propel growth of the Asia Pacific fiber laser market. Asia Pacific fiber laser market is projected to witness rapid growth rate in years to come, owing to increasing use of product for various applications. The fiber laser market in Europe is anticipated to account for moderate revenue growth in the potential market.
Global Fiber Laser Market Segmentation:
Segmentation on the Basis of Product Type:
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Visible Fiber Laser
Segmentation on the Basis of Application:
- High Power Cutting and Welding
- Fine Processing
- Micro Processing
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amonics Limited
- Apollo Instruments, Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- CY Laser SRL
- NKT Photonics A/S
- Quantel Group
- TRUMPF GmBH
- TOPTICA Photonics AG
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