In-Depth Analysis of Global Fiber Laser Market Along With the Current Trends and Future Estimations to Elucidate the Imminent Investment Pockets

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. Fiber lasers are types of devices, which are optically pumped, most commonly with laser diodes but in a few cases with other fiber lasers. The optics used in these systems, are usually fiber components, with most, or all the components fiber-coupled to one another. In some systems, bulk optics are used, and sometimes an internal fiber-coupling system is combined with external bulk optics.

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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.

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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.

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