Rising Demand for Fiber Lasers in Cutting Applications to Provide Growth Opportunities for Fiber Laser Market during 2021-2028

According to our latest market study on "Fiber Laser Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application," the market was valued at US$ 2,286.16 million in 2021 and it is projected to reach US$ 4,765.4 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028.

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Companies Mentioned are: Active Fiber Systems GmbH, IPG Photonics Corporation, Fujikura Ltd., Convergent Photonics, Coherent, Inc., Jenoptik AG, Maxphotonics Co, .Ltd, nLIGHT, Inc., TRUMPF GmbH + Co. KG, Wuhan Raycus Fiber Laser Technologies Co., Ltd.

The increasing cutting applications (flat sheet cutting, tube cutting, and 3D cutting) of the fiber laser systems in several areas, including aerospace (high-strength components which can withstand the pressures of outer space), military, and in other sectors for manufacturing multiple equipment, is creating a huge growth opportunity for the fiber lasers market. Fiber lasers can be used in cutting silicon for solar cells & semi-conductors, cutting parts to shape in manufacturing & industrial settings, cutting stents for the medical industry, and cutting of gems for use in the jewelry industry. Further, fiber lasers are used for cutting of stator plates and battery foils in automotive industry.

Moreover, the rapid industrialization across the globe has increased the demand for pulsed fiber lasers in cutting application to replace conventional methods such as ink-based printing and chemical etching, which is anticipated to fuel the growth of fiber laser market. There is an increase in demand for fiber lasers in cutting applications due to much less power consumption than traditional cutting techniques and waste of much less material. Moreover, the whole laser cutting process is non-contact that will reduce the downtime and increase the profits due to less risk of personal injuries, no wear and tear of moving parts, and no material damage due to contact. Thus, the wide use of fiber lasers for cutting applications in multiple areas is creating huge growth opportunities for the fiber laser providers.

Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing issues. The sector widely uses fiber laser in material processing applications such as cutting, welding, and marking, as well as other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of fiber lasers in electric and lightweight vehicle designs. Significant weight reduction is achieved by minimizing the size of flanges by fiber laser welding and the safety of batteries is enabled by wobble-beam fiber welding.

Fiber Laser Market Insights
Rising Demand for Fiber Lasers in Cutting Applications Fuels Growth of Fiber Laser Market
The increasing cutting applications (flat sheet cutting, tube cutting, and 3D cutting) of the fiber laser systems in several areas, including aerospace (high-strength components which can withstand the pressures of outer space), military, and in other sectors for manufacturing multiple equipment, is creating a huge growth opportunity for the fiber lasers market. Fiber lasers can be used in cutting silicon for solar cells & semi-conductors, cutting parts to shape in manufacturing & industrial settings, cutting stents for the medical industry, and cutting of gems for use in the jewelry industry.

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The Fiber Laser market has been segmented as follows:
By Type
Infrared Fiber Laser
Ultraviolet Fiber Laser
Ultrafast Fiber Laser
Visible Fiber Laser

By Application
High Power Cutting & Welding
Marking
Fine Processing
Micro Processing

Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

Table of Content
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fiber Laser Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fiber Laser Market - Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Laser Market - Global Analysis
6.1 Fiber Laser Market Global Overview
6.2 Fiber Laser Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Fiber Laser Market Analysis - By Component
………Continued

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