Fiber Lasers Market Global Opportunity Analysis and Industry Forecast, 2023-2032 | Top Key players Are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH
As per the Fiber lasers market report by The Business Research Company, the rise in disposable income drives the growth of the automobile and mobile electronics industries which results in the growth of the fiber laser market. According to CEIC Data, there has been a 10% rise in disposable income in India which led to the growth of the automobile and mobile electronics industries. Thus, automobile and mobile electronics markets are growing at a rapid pace and the use of fiber lasers becomes indispensable to sustain the growth. Fiber laser is used for labeling, cutting, and welding automobile parts. The use of fiber lasers makes it easier and more convenient for cutting small and complex automobile parts. Mobile electronic devices are getting compact day by day and thus electronic industry also requires fiber lasers to cut lean and fragile electronic parts.
The global fiber lasers market will grow from $3.35 billion in 2022 to $3.76 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fiber lasers market is expected to grow to $6.01 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the Fiber lasers market include 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 Fiber lasers market is segmented -
1) By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
2) By Aplication: Marking, Micro Processing, High Power, Fine Processing
3) By End Use: Material Processing, Healthcare: Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A fiber laser is a type of device that integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike conventional lasers. Fiber lasers are part of laser marking systems as they achieve high dimensional accuracy in manufactured electronic products. Fiber lasers are used for welding, cutting, and other material processing.
The Table Of Content For The Fiber lasers Market Include:
1. Executive Summary
2. Fiber lasers Market Characteristics
3. Fiber lasers Market Trends And Strategies
4. Impact Of COVID-19 On Fiber lasers Market
5. Fiber lasers Market Size And Growth
26. Africa Fiber lasers Market
27. Fiber lasers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fiber lasers Market
29. Fiber lasers Market Future Outlook and Potential Analysis
The "Global Fiber lasers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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