According to a new market report published by Lucintel, the future of the fiber laser market looks attractive with opportunities in material processing, instrumentation & measurement, and other applications. The fiber laser market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $5.1 billion by 2025 with a CAGR of 9% to 11% from 2020 to 2025. The major drivers for this market are rising demand for high powered laser machine for cutting and welding, need of laser beam with high beam quality with low cost features, and growing demand for 3D printing market.
Browse 59 market data tables and 72 figures spread through 255 pages and in-depth TOC on “Fiber Laser Market"
To download report brochure, please go to https://www.lucintel.com/fiber-laser-market.aspx and click "report brochure" tab from the menu.
In this market, different types of fiber laser such as infrared, ultraviolet, ultrafast, and visible are used as product type. On the basis of comprehensive research, Lucintel forecasts that ultrafast is the largest fiber laser and it is also expected to witness the highest growth over the forecast period due to its excellent features, such as compact size, high beam quality, wall plug efficiency, and reliability.
Within the fiber laser market, material processing will remain the largest application over the forecast period. Increasing adaption of fiber laser in material processing procedures, such as cutting, welding, cladding, brazing, and drilling is expected to drive the market.
APAC will remain the largest region and it is also expected to witness highest growth over the forecast period due to increasing adaption of fiber laser in the material processing applications and growth of the electronics and automotive industries.
Emerging trends, which have a direct impact on the dynamics of the fiber laser industry, include the emergence of ribbon core fibers, development of eco-friendly technology, and introduction of fiber laser in LIDAR in autonomous vehicles. IPG, Coherent Inc., Jenoptic Group, TRUMF, Keopsys Group, and NKT Photonics are among the major fiber laser manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the fiber laser market by product type, application, usage, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Fiber Laser Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the fiber laser market by product type, application, usage, and region as follows:
By Product Type [$M shipment analysis from 2014 to 2025]:
Infrared
Ultraviolet
Ultrafast
Visible
By Usage Type [$M shipment analysis from 2014 to 2025]:
High Power Cutting & Welding
Marking
Fine Processing
Others
By Application [$M shipment analysis from 2014 to 2025]:
Material Processing
Instrumentation and Measurement
Others
By Region [$M shipment analysis for 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
This 255-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/fiber-laser-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.