Fairfield Market Research Fiber Laser Market Size to Reach US$10 Bn by 2030

Fiber Laser Market

Global Fiber Laser Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Power Output Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)

Published Date: Aug 2023 | Format: | No. of Pages: 245

Industry: Information & Communications Technology


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Fiber Laser Market Forecast

  • Global fiber laser market to rise at a significant pace of 10.8% CAGR during the period of assessment 2023 - 2030
  • Fiber laser market size to reach a value of around US$10 Bn by the end of 2030

Market Analysis in Brief

In contrast to traditional lasers, a fiber laser integrates beam transport and a laser cavity into a single system inside an optical fiber. Fiber lasers are used in laser marking systems because they produce excellent dimensional accuracy in manufactured electronic devices. Welding, cutting, and other material processing are all done with fiber lasers. Fiber lasers are classified into three types: infrared fiber lasers, ultraviolet fiber lasers, and ultrafast fiber lasers. Material processing, healthcare, and other end users employ fiber lasers for marking, microprocessing, high power, and fine processing. Key drivers include the rising demand for laser technology in healthcare and a growing preference for laser-based material processing over traditional methods.

Fiber Laser Market

Key Report Findings

  • The market for fiber laser will demonstrate more than 3x expansion in revenue, i.e., between 2023 and 2030.
  • Key growth drivers include the rising demand for laser technology in healthcare and a growing preference for laser-based material processing over traditional methods.
  • Demand for ultrafast fiber lasers remains higher in the fiber laser market.
  • The high-power category held the highest fiber laser market revenue share in 2022.
  • Asia Pacific will continue to lead its way, whereas the North American fiber laser market will experience the strongest growth till 2030.

Growth Drivers

Growing Need for Laser Technology in Healthcare Sector

Laser technology has uses in urology, dermatology, dentistry, and ophthalmology. With ongoing technological improvements, laser technology has expanded to treat various health conditions, including kidney stones, malignancies, tumours, knee injuries, prostate difficulties, varicose veins, heart illnesses, and glaucoma.

In addition, ophthalmic laser treatment aids in treating eye-related ailments such as glaucoma, retinal dysfunction, cataract, and macular degeneration. Laser technology is also employed in noninvasive medical procedures such as hair removal, skin rejuvenation, tattoo removal, photodynamic therapy, selective laser trabeculoplasty, and low-level laser therapy. Sales of medical laser systems have increased due to an ageing population, improved medical infrastructure, an increase in aesthetic procedures, and an increase in the prevalence of eye-related illnesses.

Growing Adption of Lasers for Optical Communication

Light is used as a platform for transmission in optical communication. Laser technology has an edge over radio waves because light waves are more densely packed than sound waves. Numerous fibers are bundled inside a cable in laser fiber optics, and each cable contains numerous laser beams. Each laser beam has the capability of carrying billions of bits of data. As a result, laser technology can carry more data per second while maintaining high signal quality.

The use of laser technology aids in the development of efficient communication systems with increased bandwidth and speed, a smaller footprint, and a lower cost. In practically every broadband communication system, a diode laser is used. Laser technology is increasingly used in optical communications because it enables wireless connectivity via air as a communication medium. Because light travels faster than any other wave, it promotes the employment of laser technology in vertical applications where air can be employed as a medium.

Growth Challenges

Limited Current Applicability, and Need for Substantial Financial Outlay in Wider Implementation

Automotive, semiconductor, industrial, medical, research, and defense are just a few of the many industries where lasers are being increasingly used. A few hundred to a few thousand watts of laser power is needed for various systems, processes, and applications.

Large-scale laser displays, medical, military, research, laser-induced nuclear fusion, and material processing (welding, drilling, soldering, marking, and surface modification) are just a few of the applications that use high-power lasers. In the manufacturing and automotive industries, laser processing can assist in cutting labour expenses and other costs but its implementation requires a significant financial outlay.

A wide range of software, design files, sturdy components, and laser sources are all used to support lasers. They also come with service packages and warranties to protect against costly repairs in the event of a malfunction. As a result, the increasing demand for lasers for processing necessitates the development of low-cost solutions for the technology to be widely used.

Overview of Key Segments

Continuous Fiber Laser Witnesses High Demand

The fiber laser market is domninated by continuous wave that accounted for more than 3/4th of total fiber laser market in 2022. This type is primarly used for materials processing especially in aeroaspace and automotive. It offers superior stability and performance efficiency as compared to traditional laser wedling products.

The ultrafast fiber laser category will be the fastest growing fiber laser category over the forecast period. Ultrafast fiber lasers are critical in semiconductor production processes. It is employed in micromachining, wafer inspection, and defect analysis applications. Ultrafast lasers can precisely remove thin layers, build microstructures, and detect minute faults on semiconductor surfaces.

Overall, ultrafast fiber lasers are diverse tools with applications in scientific research, materials processing, medical imaging, optical communication, semiconductor production, meterology, and spectroscopy. Their unique ability to deliver ultrashort pulses of light makes them ideal for investigating ultrafast processes and conducting precision operations in various domains. These elements work together to drive market growth.

High-power Applications Contribute Significantly

The high-power category will dominate the fiber laser market over the forecast period. This is owing to the fact that high-power has a wide range of applications in many end-use industries, such as automotive, aerospace, electronics, medical devices, jewelry, and packaging. Furthermore, increased consumer demand for electronic devices, disposable income, and well-established manufacturing units have increased the overall demand for high-power marking fiber lasers in the electronics industry.

In addition, high-power marking is used to engrave or etch permanent markings on electrical components such as connections, switches, and enclosures. Part numbers, ratings, safety symbols, and compliance markers for regulatory purposes are examples of these marks. This aspect is expected to propel the market throughout the forecast period.

Furthermore, the need for high-power marking fiber lasers has expanded significantly in recent years due to factors such as the extensive usage of portable devices, the rising popularity of electric vehicles, and the integration of renewable energy sources. It has been used to identify critical battery information, such as capacity, voltage ratings, safety symbols, and manufacturer information. These symbols aid in identifying batteries, proper usage, and compliance with safety requirements. These enabling variables are to blame for expanding the high-power marking system segment. 

Growth Opportunities Across Regions

Led by China, Asia Pacific’s Primacy Prevails

Asia Pacific will maintain dominance in the global fiber laser market. China has emerged as a global manufacturing behemoth and the country is well-represented in the automotive, electronics, manufacturing, aerospace, and metal fabrication industries. These sectors rely largely on modern laser technologies for various applications. Fiber lasers, with their high precision, quick processing speeds, and versatility, have become a popular choice for Chinese manufacturers. The healthy industrial sector in China has considerably contributed to expanding the fiber laser market.

The metal fabrication industry is a significant contributor to China's GDP. Fiber laser metal cutting is an essential technique in the fabrication of metal products, and it is projected to gain from new government industrial policies. Over the projected period, the growing uses of fiber lasers in sheet metal and thin material welding and their increasing popularity in the metal cutting industry will produce considerable revenue in the Chinese market.

With multiple automotive, electronics, and medical device manufacturing applications, Asia Pacific is ready to capitalise on its market potential. For example, Chinese firm Han's Laser Technology Industry Group Co., Ltd. has been a market leader, providing a wide range of fiber laser solutions. The Asia Pacific region's rapidly expanding market share can be attributable to its expanding manufacturing sector, increased infrastructure development investments, and rising demand for high-quality laser systems.

North America Presents Phenomenal Growth Prospects

The market for fiber lasers across North America will display a significant CAGR of over 10% between the forecast period. The presence of large aerospace and defense corporations in the US, including Lockheed Martin, BAE Systems, Temporal Defence Systems, and Raytheon, is one of the primary causes for the market expansion in North America. These companies are investing in various technologies in order to create new types of military and defense systems.

North America will continue to represent the largest geographical segment of the worldwide market, especially in the aerospace sector. The United States' highly developed industrial sector is one of the key factors encouraging market development. The CMS Office of the Actuary projects that the manufacturing sector will contribute 10.9% of the US economy's GDP.

Due to its prominence in manufacturing consumer electronics and automobiles, the United States is a profitable market for companies in the fiber laser industry. Expanding economic conditions and rising per capita income supports the country's automobile industry. The market expansion in the United States will be aided by increased auto manufacturing because fiber lasers are employed in high-power applications like welding lightweight vehicle body panels.

Fiber Laser Market: Competitive Landscape

Some of the leading players at the forefront in the fiber laser market space include IPG Photonics CorporationLumentum Holdings Inc., Fujikura Ltd., TRUMPF, NKT Photonics A/S, nLIGHT, Wuhan Raycus Fiber Laser Technologies Co., Ltd., and Maxphotonics.

Recent Notable Developments

In March 2021, Videojet Technologies introduced the "LightfootTM" fiber laser system for high-speed beverage canning. This innovative fiber laser system combines the standard dependability of a Videojet fiber laser with the high speed of dual Lightfoot marking heads to fulfill the ever-increasing beverage canning and production needs.

In November 2020, LVD introduced the "Taurus," a new large-format fiber laser cutting machine built specifically for extra-large sheet metal cutting capacity. The equipment can laser-cut various items, enhancing production and optimising material utilisation.

Global Fiber Laser Market is Segmented as Below:

By Type

  • Continuous
  • Pulsed
  • Quasi Continuous
  • Q-switched Pulse

By Power Output

  • Low power (Upto 1kW)
  • Medium Power (2kW - 6kW)
  • High power (More than 7kW)

By Application

  • Material Processing
  • Sensing
  • Healthcare
  • Miscellaneous

By Geographic Coverage

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Rest of Middle East & Africa

1. Executive Summary
     1.1. Global Fiber Laser Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Regional Snapshot, by Value, 2022
     1.5. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Supply
            2.5.2. Demand
     2.6. Impact of Ukraine-Russia Conflict
     2.7. Economic Overview
            2.7.1. World Economic Projections
     2.8. PESTLE Analysis

3. Global Fiber Laser Market Outlook, 2018 - 2030
     3.1. Global Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            3.1.1. Key Highlights
                  3.1.1.1. Continuous
                  3.1.1.2. Pulsed
                  3.1.1.3. Quasi Continuous
                  3.1.1.4. Q-switched Pulse
     3.2. Global Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            3.2.1. Key Highlights
                  3.2.1.1. Low power (Upto 1kW)
                  3.2.1.2. Medium Power (2kW - 6kW)
                  3.2.1.3. High power (More than 7kW)
     3.3. Global Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            3.3.1. Key Highlights
                  3.3.1.1. Material Processing
                  3.3.1.2. Sensing
                  3.3.1.3. Healthcare
                  3.3.1.4. Misc.
     3.4. Global Fiber Laser Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
            3.4.1. Key Highlights
                  3.4.1.1. North America
                  3.4.1.2. Europe
                  3.4.1.3. Asia Pacific
                  3.4.1.4. Latin America
                  3.4.1.5. Middle East & Africa

4. North America Fiber Laser Market Outlook, 2018 - 2030
     4.1. North America Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            4.1.1. Key Highlights
                  4.1.1.1. Continuous
                  4.1.1.2. Pulsed
                  4.1.1.3. Quasi Continuous
                  4.1.1.4. Q-switched Pulse
     4.2. North America Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            4.2.1. Key Highlights
                  4.2.1.1. Low power (Upto 1kW)
                  4.2.1.2. Medium Power (2kW - 6kW)
                  4.2.1.3. High power (More than 7kW)
     4.3. North America Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            4.3.1. Key Highlights
                  4.3.1.1. Material Processing
                  4.3.1.2. Sensing
                  4.3.1.3. Healthcare
                  4.3.1.4. Misc.
            4.3.2. Market Attractiveness Analysis
     4.4. North America Fiber Laser Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
            4.4.1. Key Highlights
                  4.4.1.1. U.S. Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  4.4.1.2. U.S. Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  4.4.1.3. U.S. Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  4.4.1.4. Canada Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  4.4.1.5. Canada Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  4.4.1.6. Canada Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
            4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Fiber Laser Market Outlook, 2018 - 2030
     5.1. Europe Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            5.1.1. Key Highlights
                  5.1.1.1. Continuous
                  5.1.1.2. Pulsed
                  5.1.1.3. Quasi Continuous
                  5.1.1.4. Q-switched Pulse
     5.2. Europe Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            5.2.1. Key Highlights
                  5.2.1.1. Low power (Upto 1kW)
                  5.2.1.2. Medium Power (2kW - 6kW)
                  5.2.1.3. High power (More than 7kW)
     5.3. Europe Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            5.3.1. Key Highlights
                  5.3.1.1. Material Processing
                  5.3.1.2. Sensing
                  5.3.1.3. Healthcare
                  5.3.1.4. Misc.
            5.3.2. BPS Analysis/Market Attractiveness Analysis
     5.4. Europe Fiber Laser Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
            5.4.1. Key Highlights
                  5.4.1.1. Germany Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.2. Germany Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.3. Germany Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  5.4.1.4. U.K. Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.5. U.K. Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.6. U.K. Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  5.4.1.7. France Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.8. France Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.9. France Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  5.4.1.10. Italy Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.11. Italy Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.12. Italy Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  5.4.1.13. Russia Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.14. Russia Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.15. Russia Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  5.4.1.16. Rest of Europe Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  5.4.1.17. Rest of Europe Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  5.4.1.18. Rest of Europe Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
            5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Fiber Laser Market Outlook, 2018 - 2030
     6.1. Asia Pacific Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            6.1.1. Key Highlights
                  6.1.1.1. Continuous
                  6.1.1.2. Pulsed
                  6.1.1.3. Quasi Continuous
                  6.1.1.4. Q-switched Pulse
     6.2. Asia Pacific Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            6.2.1. Key Highlights
                  6.2.1.1. Low power (Upto 1kW)
                  6.2.1.2. Medium Power (2kW - 6kW)
                  6.2.1.3. High power (More than 7kW)
     6.3. Asia Pacific Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            6.3.1. Key Highlights
                  6.3.1.1. Material Processing
                  6.3.1.2. Sensing
                  6.3.1.3. Healthcare
                  6.3.1.4. Misc.
            6.3.2. BPS Analysis/Market Attractiveness Analysis
     6.4. Asia Pacific Fiber Laser Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
            6.4.1. Key Highlights
                  6.4.1.1. China Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.2. China Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  6.4.1.3. China Fiber Laser Market Application, Value (US$ Bn), 2018 - 2030
                  6.4.1.4. Japan Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.5. Japan Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  6.4.1.6. Japan Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  6.4.1.7. South Korea Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.8. South Korea Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  6.4.1.9. South Korea Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  6.4.1.10. India Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.11. India Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  6.4.1.12. India Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  6.4.1.13. Southeast Asia Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.14. Southeast Asia Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  6.4.1.15. Rest of Asia Pacific Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  6.4.1.16. Rest of Asia Pacific Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  6.4.1.17. Rest of Asia Pacific Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
            6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Fiber Laser Market Outlook, 2018 - 2030
     7.1. Latin America Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            7.1.1. Key Highlights
                  7.1.1.1. Continuous
                  7.1.1.2. Pulsed
                  7.1.1.3. Quasi Continuous
                  7.1.1.4. Q-switched Pulse
     7.2. Latin America Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            7.2.1. Key Highlights
                  7.2.1.1. Low power (Upto 1kW)
                  7.2.1.2. Medium Power (2kW - 6kW)
                  7.2.1.3. High power (More than 7kW)
     7.3. Latin America Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            7.3.1. Key Highlights
                  7.3.1.1. Material Processing
                  7.3.1.2. Sensing
                  7.3.1.3. Healthcare
                  7.3.1.4. Misc.
            7.3.2. BPS Analysis/Market Attractiveness Analysis
     7.4. Latin America Fiber Laser Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
            7.4.1. Key Highlights
                  7.4.1.1. Brazil Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  7.4.1.2. Brazil Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  7.4.1.3. Brazil Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  7.4.1.4. Mexico Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  7.4.1.5. Mexico Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  7.4.1.6. Mexico Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  7.4.1.7. Rest of Latin America Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  7.4.1.8. Rest of Latin America Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  7.4.1.9. Rest of Latin America Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
            7.4.2. BPS Analysis/Market Attractiveness Analysis

 

8. Middle East & Africa Fiber Laser Market Outlook, 2018 - 2030
     8.1. Middle East & Africa Fiber Laser Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
            8.1.1. Key Highlights
                  8.1.1.1. Continuous
                  8.1.1.2. Pulsed
                  8.1.1.3. Quasi Continuous
                  8.1.1.4. Q-switched Pulse
     8.2. Middle East & Africa Fiber Laser Market Outlook, by Power Output, Value (US$ Bn), 2018 - 2030
            8.2.1. Key Highlights
                  8.2.1.1. Low power (Upto 1kW)
                  8.2.1.2. Medium Power (2kW - 6kW)
                  8.2.1.3. High power (More than 7kW)
     8.3. Middle East & Africa Fiber Laser Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
            8.3.1. Key Highlights
                  8.3.1.1. Material Processing
                  8.3.1.2. Sensing
                  8.3.1.3. Healthcare
                  8.3.1.4. Misc.
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. Middle East & Africa Fiber Laser Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
            8.4.1. Key Highlights
                  8.4.1.1. GCC Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  8.4.1.2. GCC Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  8.4.1.3. GCC Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  8.4.1.4. South Africa Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  8.4.1.5. South Africa Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  8.4.1.6. South Africa Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
                  8.4.1.7. Rest of Middle East & Africa Fiber Laser Market by Type, Value (US$ Bn), 2018 - 2030
                  8.4.1.8. Rest of Middle East & Africa Fiber Laser Market by Power Output, Value (US$ Bn), 2018 - 2030
                  8.4.1.9. Rest of Middle East & Africa Fiber Laser Market by Application, Value (US$ Bn), 2018 - 2030
            8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Type vs Application Heatmap
     9.2. Manufacturer vs Type Heatmap
     9.3. Company Market Share Analysis, 2022
     9.4. Competitive Dashboard
     9.5. Company Profiles
            9.5.1. IPG Photonics Corporation
                  9.5.1.1. Company Overview
                  9.5.1.2. Type Portfolio
                  9.5.1.3. Financial Overview
                  9.5.1.4. Business Strategies and Development
            9.5.2. TRUMPF GmbH
                  9.5.2.1. Company Overview
                  9.5.2.2. Type Portfolio
                  9.5.2.3. Financial Overview
                  9.5.2.4. Business Strategies and Development
            9.5.3. NKT Photonics A/S
                  9.5.3.1. Company Overview
                  9.5.3.2. Type Portfolio
                  9.5.3.3. Financial Overview
                  9.5.3.4. Business Strategies and Development
            9.5.4. Lumentum Holdings Inc.
                  9.5.4.1. Company Overview
                  9.5.4.2. Type Portfolio
                  9.5.4.3. Financial Overview
                  9.5.4.4. Business Strategies and Development
            9.5.5. Fujikura Ltd.
                  9.5.5.1. Company Overview
                  9.5.5.2. Type Portfolio
                  9.5.5.3. Financial Overview
                  9.5.5.4. Business Strategies and Development
            9.5.6. nLIGHT
                  9.5.6.1. Company Overview
                  9.5.6.2. Type Portfolio
                  9.5.6.3. Financial Overview
                  9.5.6.4. Business Strategies and Development
            9.5.7. Toptica Photonics AG
                  9.5.7.1. Company Overview
                  9.5.7.2. Type Portfolio
                  9.5.7.3. Financial Overview
                  9.5.7.4. Business Strategies and Development
            9.5.8. Wuhan Raycus Fiber Laser Technologies Co., Ltd.
                  9.5.8.1. Company Overview
                  9.5.8.2. Type Portfolio
                  9.5.8.3. Financial Overview
                  9.5.8.4. Business Strategies and Development
            9.5.9. Maxphotonics
                  9.5.9.1. Company Overview
                  9.5.9.2. Type Portfolio
                  9.5.9.3. Financial Overview
                  9.5.9.4. Business Strategies and Development
            9.5.10. Coherent Corp
                  9.5.10.1. Company Overview
                  9.5.10.2. Type Portfolio
                  9.5.10.3. Financial Overview
                  9.5.10.4. Business Strategies and Development
            9.5.11. Jenoptik Group
                  9.5.11.1. Company Overview
                  9.5.11.2. Type Portfolio
                  9.5.11.3. Financial Overview
                  9.5.11.4. Business Strategies and Development
            9.5.12. CY Laser SRL
                  9.5.12.1. Company Overview
                  9.5.12.2. Type Portfolio
                  9.5.12.3. Financial Overview
                  9.5.12.4. Business Strategies and Development

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Type Coverage

  • Continuous
  • Pulsed
  • Quasi Continuous
  • Q-switched Pulse

Power Output Coverage

  • Low power (Upto 1kW)
  • Medium Power (2kW – 6kW)
  • High power (More than 7kW)

Application Coverage

  • Material Processing
  • Sensing
  • Healthcare
  • Miscellaneous 

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • IPG Photonics Corporation
  • TRUMPF GmbH Co.
  • Lumentum Holdings Inc
  • Fujikura Ltd.
  • nLIGHT
  • Wuhan Raycus Fiber Laser Technologies Co., Ltd.
  • NKT Photonics A/S
  • Toptica Photonics AG
  • Maxphotonics
  • Coherent Corp.
  • Jenoptik Group
  • CY Laser SRL

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porters 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Fiber Laser Market

The fiber laser market involves manufacturing, distribution, and sales of advanced laser systems that use optical fibers as a medium to gain. The market has been forecast to hit the US$10 Bn mark by the end of 2030.

Asia Pacific currently dominates the global fiber laser market, led by China. Rapid developments in automotive, electronics, manufacturing, aerospace, and metal fabrication industries across this region account for the primacy of Asian markets as these sectors largely rely on modern laser technologies for a host of applications.

Several factors are driving the expansion of the fiber laser market, including increased automation in industries, the shift toward sustainable manufacturing processes, advancements in laser technology, and the continuous need for improved production efficiency. The market is experiencing rapid growth on the back of its superior performance, and versatility. Fiber lasers offer high precision, efficiency, and reliability, making them indispensable tools in industries such as manufacturing, automotive, aerospace, healthcare, and electronics.

These lasers are utilised across various sectors for cutting, welding, marking, and engraving applications. Some of the major market trends that are shaping the market for fiber lasers, include growing miniaturization of electronics, demand for intricate designs, and the need for faster and cleaner material processing.

Inadequate research, restricted performance, and potential cost barriers have remained the biggest growth challenges for smaller businesses participating in the fiber laser market.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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