Coherent Inc., IPG Photonics, Amonics Limited, Apollo Instruments, Inc., JENOPTIK, Cy-Laser America LLC, NKT Photonics, Quantel Laser, TRUMPF, SPI LASERS UK LIMITED & TOPTICA Photonics AG are the Major Manufacturers in the Fiber Laser Market

The major trend being witnessed in the global fiber laser market is the increased investment in the development of fiber laser manufacturing plants. Owing to the increasing demand for fiber laser, a large number of companies engaged in the production of the product are pouring in fresh investments.

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On the basis of type, the fiber laser market has been categorized into infrared, ultraviolet (UV), ultrafast, and visible fibers. During the historical period, UV fiber lasers accounted for a significant share as they are widely used for marking purpose on white plastics and cables.

With rapid urbanization and industrialization, the fiber laser market is growing exponentially in emerging economies. In coming years, emerging countries are expected to witness expansion as well as technological advancement in their processes, which will boost the demand for laser technology in the manufacturing process in these countries. Thus, growing economies are likely to encourage the market during the forecast period.

Some of the major players competing in the global market include Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik AG, CY-Laser America LLC, NKT Photonics A/S, Quantel Group, TRUMPF GmbH + Co. KG, Toptica Photonics AG., O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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The major driver identified in the fiber laser market is the technological advancements with respect to fiber production and strength. With the growing investment in research and development activities, the advanced fiber lasers are being developed that have high beam quality and require minimum level of maintenance.

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