Fiber Laser Market Key Highlights:
- Market Size (2024): USD 4,385 Million
- Projected Market Size (2034): USD 13,140 Million
- CAGR (2024-2034): 11.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Fiber Laser Market Definition
Fiber lasers are solid-state lasers that use optical fibers made of silica glass as their active gain medium. They have diverse applications, such as laser cutting, cleaning, texturing, engraving, drilling, marking, and welding. The growth of the fiber laser market is attributed to the expansion of the material processing and manufacturing, spectroscopy, electricity generation, transportation, telecommunications, and military hardware sectors. The rising demand for sustainability drives market growth due to their energy-efficient, economical, and environment-friendly properties.
• In November 2024, NKT Photonics announced a collaboration with IonQ to provide next-generation fiber laser systems for IonQ’s trapped-ion quantum computers and networking equipment.
The low cutting speed for thick materials as well as non-linear optical effects and undesired pulse pedestals during fiber laser manufacturing hinder the market growth. However, rapid innovations and extended commercial applications provide future growth opportunities for the fiber laser market.
• In October 2024, Coherent Corp announced the launch of the EDGE FL, a high-power fiber laser series, tailored for cutting applications in the machine tool industry.
Fiber lasers in the healthcare sector are substantially growing, owing to their use in eye surgeries and other non-invasive procedures.
Fiber Laser Market Segmentation:
By Output Power
- Low Power (Up to 100 W)
- Medium Power (100 W to 2000 W)
- High Power (More than 2000 W)
By Laser Type
By Application
- Cutting
- Welding & High Power Applications
- Marking
- Fine & Microprocessing
- Medical
- Communications & Advanced Applications
Fiber Laser Market Companies:
- IPG Photonics Corporation
- TRUMPF GmbH + Co. KG
- FURUKAWA ELECTRIC CO., LTD.
- Coherent, Inc.
- Wuhan Raycus Fiber Laser Technologies Co., Ltd.
- FANUC CORPORATION
- Newport CORPORATION
- Keopsys SA (LUMIBIRD)
- Fujikura Ltd.
- Lumentum Operations LLC
- nLight, Inc.
- Maxphotonics Co., Ltd.
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