Fiber Laser Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2028

The Fiber Laser Market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028.

Nowadays, fiber laser technology is attracting more attention due to several users of this technology in the field of micromachining, biology, and medical sciences or telecommunications and its potential as a substitute for solid-state lasers in industrial and technological applications. The fiber laser is widely used over other lasers such as CO2 laser technology in industries because of high output power, high optical quality, compact size, and reliability. The fiber lasers are used for many applications such as laser marking, laser cutting, laser welding, laser engraving, laser ablation, and laser drilling. For example, in November 2019, nLIGHT, Inc.

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Analysis of the Top Market Players:

1. Active Fiber Systems GmbH
2. IPG Photonics Corporation
3. Fujikura Ltd.
4. Convergent Photonics
5. Coherent, Inc.
6. Jenoptik AG
7. Maxphotonics Co,.Ltd
8. nLIGHT, Inc.
9. TRUMPF GmbH + Co. KG
10. Wuhan Raycus Fiber Laser Technologies Co., Ltd.

In this report, the market has been segmented on the basis of:

Type

• Infrared Fiber Laser
• Ultraviolet Fiber Laser
• Ultrafast Fiber Laser
• Visible Fiber Laser

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

launched fiber laser for welding applications - a portfolio of fiber lasers from 3 kW to 15 kW with an integrated fiber coupler or beam switch optimized for welding, cladding, and robotic applications. Fiber lasers are less sensitive, and they can work in harsh environments better than other laser technologies. The fiber laser machine can work on a much wider variety of materials, including all metals, wood, leather, stone, ceramic, plastics, and glass with high quality results on reflective and hard surfaces. Also, the machines usually produce low heat; hence, they do not damage the materials the user is working on.

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Factors such as increased production in the automotive sector and growth of 3D printing technology are influencing the market growth. However, the lower cutting speed when processing thicker materials, is restraining the fiber laser market growth. Moreover, increase in requirement for cutting applications, surge in demand from various industries, and emergence of industrial automation are the other factors contributing toward the market growth. Also, the rise of industrial automation, coupled with the advent of new technologies such as computer numerical control (CNC), computer-aided manufacturing (CAM), and fiber laser technology, is subsequently fueling the adoption of fiber lasers in multiple industries.

The fiber laser market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. In 2020, the infrared fiber laser segment accounted for a significant share in the market. In terms of application, the market is segmented into high power cutting & welding, fine processing, marking, and micro processing. In 2020, the high power cutting & welding segment accounted for a significant market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, APAC accounted for a significant share in the market.

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