Fiber Laser Market Chief Industry Participants Include TRUMPF, ROFIN-SINAR Technologies Inc., Newport Corporation., IPG Photonics Corporation, Coherent

Fiber laser is a type of laser, in which the beam transfer and the laser cavity is incorporated into a solitary system inside an optical fiber. It is doped with rare-earth elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium or dysprosium. Gas lasers typically use helium-neon or carbon dioxide, whereas, crystal lasers (neodymium-doped yttrium
aluminium garnet) are used for solid state laser in various laser operations.

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Increasing use of laser in the medical sector is leading to rising demand for fiber lasers

Demand for fiber lasers is expected to increase significantly for application in medical surgeries including, cosmetics, hair treatment, skin diseases, laser tattoo removal, aesthetic plastic surgery, and dentistry, among others. This is due to reliable, flexible, and compact advantages offered by fiber lasers.
Material processing held the largest share in the fiber laser market in 2016. This is due to increasing adoption of high beam quality with high energy efficiency for material processing applications such as welding, cutting, and etching and this is expected to aid in growth of this market. Extensive use of fiber lasers in industrial laser applications is expected to support fiber laser market growth.

Global Fiber Laser Market Regional Insight:

North America is expected hold the largest share in the global fiber laser market over the forecast period. This is due to high adoption of fiber lasers for application in laser operations such as cosmetic surgeries in the region. For instance, according to The International Society of Aesthetic Plastic Surgery (ISAPS), in 2016, total number of cosmetic surgery procedures performed in the U.S. was pegged at 4,217,862, which is 17.9% of all the cosmetic surgery procedures performed, globally. This is expected to be major factor for growth of the region.

Asia Pacific was the fastest growing fiber laser market in 2016. The market growth is attributed to high presence of electronics manufacturers in this region such as marking electronic epoxy, disk drive flexure welding, battery welding, and sensor welding. According to ZVEI - German Electrical and Electronic Manufacturers’ Association, in 2015, electronics manufacturing sector in Asia accounted for around US$ 3.61 billion with 73% the market share in the global market

Global Fiber Laser Market Competitive Background:

Key players in the global fiber laser market are TRUMPF, ROFIN-SINAR Technologies Inc., Newport Corporation., IPG Photonics Corporation, Coherent Inc., Calmar Laser Inc., AdValue Photonics, Lumentum Operations LLC, Epilog Lasers Corporation, Fujikura Ltd., Maxphotonics Co. Ltd., and Raycus Fiber Laser Technologies Co. Ltd.

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Global Fiber Laser Market Taxonomy:

The fiber laser market is segmented on the basis of product type into:

• Ultraviolet Fiber Laser
• Infrared Fiber Laser
• Ultrafast Fiber Laser
• Visible Fiber Laser

The fiber laser market segmented on the basis of application into:

• Material processing
• Medical
• Others

The fiber laser market is segmented on the basis of region into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.