PUBLISHER: The Business Research Company | PRODUCT CODE: 1387878
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387878
“Fiber lasers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiber lasers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fiber lasers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fiber lasers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A fiber laser is a specialized device that combines beam delivery and laser cavity within a single system contained within an optical fiber. In contrast to conventional lasers, which have separate components, the beam in fiber lasers is generated directly within the fiber. Fiber lasers play a crucial role in laser marking systems, providing high dimensional accuracy for manufacturing electronic products. They find applications in various industrial processes, including welding, cutting, and material processing.
The primary types of fiber lasers include infrared fiber lasers, ultraviolet fiber lasers, and ultrafast fiber lasers. Infrared fiber lasers are those that emit radiation with wavelengths equal to or greater than 2 μm. These lasers are used in a wide range of applications, including marking, micro-processing, high-power operations, and fine processing across industries such as material processing and healthcare. Their versatility and precision make them valuable tools in various end-user fields.
The fiber laser market research report is one of a series of new reports from The Business Research Company that provides fiber laser market statistics, including fiber laser industry global market size, regional shares, competitors with a fiber laser market share, detailed fiber laser market segments, market trends and opportunities, and any further data you may need to thrive in the fiber laser industry. This fiber laser market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fiber lasers market size has grown rapidly in recent years. It will grow from $3.76 billion in 2023 to $4.22 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%.
The growth observed during the historic period can be attributed to several key factors, including the significant adoption of fiber lasers in industrial applications, telecommunications for data transmission, military and defense for various applications, and the use of fiber lasers in medical and healthcare settings. These applications have driven the demand for fiber lasers as a versatile and efficient technology for diverse industrial and scientific needs.
The fiber lasers market size is expected to see rapid growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The projected growth in the forecast period can be attributed to various factors, including the increased adoption of fiber lasers in advanced manufacturing processes, the growing demand for fiber optic communication technology, a focus on energy-efficient solutions across industries, and applications in the aerospace and defense sectors. Additionally, major trends in the forecast period include the development of high-power fiber lasers, their use in cutting and welding applications, their role in medical and healthcare applications, and their utilization in 3D printing processes. These trends reflect the continued expansion of fiber laser technology across various sectors and applications.
The growth of the fiber laser market is closely tied to the rise in disposable income, which drives the expansion of the automobile and mobile electronics industries. In India, for instance, there has been a notable 10% increase in disposable income, leading to significant growth in the automobile and mobile electronics sectors. Fiber lasers play a crucial role in these industries, facilitating tasks like labeling, cutting, and welding automobile parts. They offer convenience and precision in cutting small and intricate automobile components. As mobile electronic devices continue to shrink in size, the electronic industry also relies on fiber lasers for cutting delicate and compact electronic parts. Leading companies such as Laserline, Trumpf, and Coherent are actively developing fiber lasers tailored to the specific needs of the automobile industry.
The growing aerospace industry is another significant driver of the fiber lasers market. The aerospace sector encompasses the development and maintenance of aircraft, spacecraft, and related systems. Fiber lasers are instrumental in drilling holes in critical aircraft components such as turbine blades, engine parts, and landing gear. Their preference over traditional lasers in aerospace is due to their high-power output, beam quality, and reliability. Fiber lasers offer the precision and speed necessary for aerospace applications. For instance, Airbus SE reported a 8% increase in the delivery of 661 commercial aircraft to 84 customers in 2022, up from 611 units in 2021, highlighting the growth of the aerospace industry and its impact on the fiber lasers market.
The fiber laser market faces constraints related to nonlinear optical effects. These effects can result in material breakdown and damage, as well as overheating when fiber lasers are applied. Some users, like FC Laser Ltd., may have reservations about the versatility and efficiency of fiber lasers and might prefer using CO2 lasers due to these concerns.
New technologies, such as high-power fiber lasers and diode lasers, are introducing innovation to the fiber laser market. Diode lasers, with their 800 nm wavelength, offer deep penetration levels. Blue lasers have also emerged, catering specifically to welding applications, with higher power and brightness compared to standard lasers, while generating minimal excess heat. Bystronic, a Switzerland-based laser company, is at the forefront of providing high-power fiber lasers and diode lasers for welding, cutting, and material processing. NUBURU, a US-based company, has pioneered high-power blue laser technology.
Major companies operating in the fiber laser market are dedicated to introducing innovative fiber laser technology to maintain a competitive edge. This innovation involves developing and implementing advanced techniques in fiber laser design and production. For example, Rhein Laser Technologies Ltd., a Hong Kong-based manufacturer of innovative medical lasers, recently launched the UroFiber 150Q, which represents the world's first 150W SuperPulsed Thulium Fiber Laser (TFL) system. This technology offers advanced solutions for treating both stone lithotripsy and BPH (benign prostatic hyperplasia) enucleation. In another strategic move, The TRUMPF Group, a Germany-based industrial machine manufacturing company, acquired Active Fiber Systems GmbH (AFS) to enhance its product portfolio in scientific, industrial, and medical lasers and strengthen its presence in the German market. Active Fiber Systems GmbH (AFS) specializes in fiber lasers.
Major companies operating in the fiber lasers market include Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF SE + Co KG, Toptica Photonics AG, Lasertechnologie GmbH, Sigma Mechatronics Pvt Ltd., SPI Lasers Limited, Wuhan Raycus Fiber Laser Technologies Co Ltd., MaxPhotonics Co Ltd., Lumentum Operations LLC, nLIGHT Inc., Keopsys SA, Fujikura Ltd., Furukawa Electric Co Ltd., Newport Corporation, EO Technics Co Ltd., O.R. Lasertechnologie GmbH, Avonisys AG, Bystronic Inc., Amada Weld Tech Co Ltd., Epilog Laser, Raymond Laser, Accurl, Thorlabs Inc.
Asia Pacific was the largest region in the fiber lasers market in 2023. The regions covered in the fiber lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fiber lasers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The fiber laser market consists of sales of pulsed lasers, continuous-wave lasers, and other fiber lasers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.