Fiber Laser Market Growth & Key Business Strategies by Leading Industry Players Amonics Ltd., Apollo Instruments Inc, Coherent Inc, IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S and Quantel Group

The global fiber laser market accounted for $1,782 million in 2017, and is projected to reach $4,403 million by 2025, registering a CAGR of 11.9% from 2018 to 2025. Technological advancements with respect to fiber, high beam quality & lower cost of ownership, and eco-friendly technology are some of the key factors that drive the growth of the fiber lasers market. Furthermore, increase in applications of fiber laser is expected to augment the growth of the market during the forecast period.

However, reduced cutting speed while processing thicker materials and undesired pulse pedestals & non-linear optical effects are some of the factors that restrain the market growth. Conversely, increase in automobile and mobile electronic applications is expected to provide new opportunities for the key players in the near future.

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Fiber lasers consist of long optical fibers containing excellent thermal properties. They allow easy integration of the pump diodes and fiber components. The design of fiber lasers is more compact, efficient, and reliable as compared to conventional lasers.

The major factors that drive the fiber laser market across the globe are continuous technological advancements, high beam quality & lower cost of ownership, and eco-friendly technology. The growth in trend of green manufacturing and increase in concern among material manufacturers regarding the impact of their product on the environment across various industrial sectors have made fiber lasers an attractive choice for cutting and marking applications. Easily automated and energy efficient fiber laser solutions are increasingly replacing the traditional methods such as chemical etching and ink-based printing that are employed for machine marking.

By type, the fiber laser market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. The ultrafast fiber laser segment accounted for nearly two-thirds of the market revenue in 2017. This was attributed to its properties such as compact size, high beam quality, wall plug efficiency, and reliability. In addition, ultrafast lasers are manufactured using the technique of chirped pulse application, which suppresses the undesired pulse pedestals and nonlinear optical effects. The ultrafast laser segment is bifurcated into picosecond fiber laser and femtosecond fiber laser. The femtosecond fiber laser segment accounted for nearly three-fourths share of the global ultrafast fiber laser market revenue in 2017.

High power application is expected to grow at a CAGR of 15.8% in terms of revenue from 2018 to 2025, owing to employment of fiber lasers in cost-effective cutting and welding applications. Marking accounts for the second largest share in terms of revenue, which is attributed to the FDA requirement for marking unique identification number on all medical, dental, and surgical devices for patient safety.

Key Findings of the Fiber Laser Market:

• Asia-Pacific is expected to remain dominant from 2018 to 2025 in terms of revenue, followed by North America.
• The picosecond fiber laser market is expected to grow at a CAGR of 11.4% during the forecast period.
• Quasi-CW green fiber laser is the fastest growing type in terms of revenue in the global visible fiber laser market, with a CAGR of 46.0% from 2018 to 2025.
• Mexico is the fastest developing region in the North America fiber laser market, growing at a CAGR of 11.2% from 2018 to 2025.

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Asia-Pacific and North America collectively contributed more than two-thirds to the market revenue in 2017. In the same year, Asia-Pacific dominated the market, in terms of revenue, owing to increased demand of fiber lasers in electronics and automotive industry.

The report provides an extensive competitive analysis and profiles of the key market players, such as

• Amonics Ltd.,
• Apollo Instruments Inc.,
• Coherent Inc.,
• IPG Photonics Corporation,
• Jenoptik Laser GmbH,
• CY Laser SRL,
• NKT Photonics A/S,
• Quantel Group,
• TRUMPF, and
• Toptica Photonics AG.

The other players in the value chain (not included in the report) include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.

LIST OF FIGURES

FIGURE 01. FIBER LASERS MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2014-2017*
FIGURE 04. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2014-2017* (%)
FIGURE 05. TOP WINNING STRATEGIES, BY COMPANY, 2014-2017*
FIGURE 06. PORTER’S FIVE FORCES ANALYSIS
FIGURE 07. TOP PLAYER POSITIONING, 2017
FIGURE 08. IMPACT ANALYSES
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF INFRARED FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF ULTRAVIOLET FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF ULTRAFAST FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF VISIBLE FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF HIGH POWER FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF MARKING FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF FINE PROCESSING FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF MICRO PROCESSING FIBER LASER MARKET, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COHERENT: REVENUE, 2015-2017 ($MILLION)
FIGURE 18. COHERENT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 19. COHERENT: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 20. IPG PHOTONICS CORPORATION: REVENUE, 2015-2017 ($MILLION)
FIGURE 21. IPG PHOTONICS CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 22. JENOPTIK GROUP: REVENUE, 2015-2017 ($MILLION)
FIGURE 23. JENOPTIK GROUP: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 24. JENOPTIK GROUP: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 25. NKT PHOTONICS A/S: REVENUE, 2015-2017 ($MILLION)
FIGURE 26. NKT PHOTONICS A/S: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 27. TRUMPF: REVENUE, 2015-2017 ($MILLION)
FIGURE 28. TRUMPF: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 29. TRUMPF: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

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