A fiber laser is a type of industrial laser,typically solid-state laser, where the active medium is an RE (Rhenium) dopedoptical fiber developed by the optical pumping of diode lasers. These fibersare called active fibers and are comparable in diameter to a human hair. Thelaser emission is created within optical fibers and delivered through aflexible optical fiber cable. In addition, fiber lasers free end-users fromfine mechanical adjustments and the high maintenance costs that are typical forconventional lasers. Attributing to their design and components, fiber lasersare more compact, reliable, efficient, robust and easier to operate thanconventional lasers.
Manufacturers are focusing on enhancing theirproduction capabilities. That apart, high demand is being witnessed fromaerospace and automotive industries, which has been fuelling the growth ofthe fiber laser market. As a result of these factors, the globalmarket for fiber laser is expected to witness significant growth in 2018 andreach a market value of US$ 2,215.1 Mn while registering a Y-o-Ygrowth rate of 8.4% as compared to 2017. Furthermore, the global demand forfiber laser is also expected to be influenced by industrial developments andrising urbanisation in various regions. Moreover, price reduction and technicaladvancements in fiber laser equipment have also led to their application in 3Dprinters for material deposition, primarily for the aerospace industry.
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Recovery in global manufacturing value added ispulling in significant capital investments across the fiber laser market. Withthe general growth rate of various industrial sectors, such as aerospace andautomotive, hovering at a number higher than the overall global economic growthnumber, new manufacturing capacity additions at a macro level are expected tocome up in the coming years. This, in turn, is expected to support the growth of the fiber laser market across the globe.
- On the basis of laser type, CW (continuous wave) type fiber laser is expected to hold a substantial share of the global fiber laser market. This is can be attributed to the fact that CW fiber laser emits one constant beam, which facilitates its application in metalworking. CW (continuous wave) fiber laser is designed to work with reflective metals
- High power fiber laser, ranging from more than 2,000 W, is expected to observe 8.3% growth in the coming years. Supply of fiber laser to the end-use industries in Asia, and specifically in China, hastened a price war that boosted fiber laser sales volumes and reduced supplier profit margins
China is estimated to account for nearly 34.4%of the global fiber laser market in 2018. Furthermore, being at the forefrontof the fiber laser market, China has launched various strategies inan attempt to boost manufacturing activities in the country; subsequently,benefiting the manufacturers of fiber laser. However, the global fiber lasermarket is expected to face certain challenges. Political uncertaintyin Europe and the Middle East & Africa isexpected to slow down the consumption of fiber lasers. Moreover, the lower rateof installation and lack of consumer awareness about fiber laser are the otherimportant factors that will impede the growth of the fiber laser market.
Fiber Laser Market: Segmentation
Laser Type
- Continuous Wave Lasers
- Pulsed Lasers
- Quasi Continuous Wave Laser
Output Power
- Low Power (Up to 100 Watts)
- Medium Power (100W-2,000W)
- High Power (More than 2,000 W)
Application
- Cutting
- Welding & Other High Power Applications
- Marking
- Fine & Micro Processing
- Communications and Advanced Applications
- Medical
Region
- North America
- Latin America
- Europe
- China
- APAC
- MEA
Preview Analysis On Fiber LaserMarket: Elevating Frequency of Conventional Laser Replacements in MaterialProcessing Applications to Support Growth: Global Industry Analysis 2013 – 2018and Opportunity Assessment, 2019 – 2027:https://www.futuremarketinsights.com/reports/fiber-laser-market
Additionally, the fiber laser market has beenexperiencing a decline in average selling prices, which has been eroding grossmargins and harming the operating results of players. The introduction of newproducts and technologies, intensifying competition and price pressures fromcustomers are among the other challenges faced by manufacturers.
IPG Photonics Corporation, TRUMPF GmbH + Co. KG,Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus FiberLaser Technologies Co., Ltd., Lumentum Operations LLC, Fanuc Corporation,Furukawa Electric Co., Ltd., Keopsys S.A., Fujikura Ltd., and nLIGHT, Inc. aresome of the key players involved in the global fiber laser market.
Long-Term Outlook: In terms of market value, the global fiberlaser market is anticipated to expand at a 10.0% CAGR and create significantopportunities for value chain participants during the forecast period. Further,the India fiber laser market is set to observe a robust growth ratedue to rapid industrialization in the country, which in turn will trigger thedemand for specialized industrial lasers such as fiber lasers.
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