Fiber Laser Market 2023

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The Fiber Laser Market share is expected to increase by USD 8780.64 million from 2022 to 2027, with an accelerated CAGR of 11.05% - according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment, and region. The Y-O-Y growth rate of the Fiber Laser Market is estimated at 10.05% as of 2023. Moreover, the market is fragmented. Our analysts have conducted an internal and external analysis of vendors to help companies understand the wider business environment as well as the strength and weaknesses of key market players. Our report also forecasts the Bargaining Power of Buyers & Suppliers and the Threat of New Entrants & Rivalry ranging between LOW-MODERATE during the forecast period.

Find Analysis of Price Sensitivity, Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria Prepared Exclusively by Technavio Research Analysts

One of the core components of customer landscape is Price Sensitivity – an analysis of which will help companies refine marketing strategies to gain a competitive advantage.

Moreover, this report also provides impact of price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to the buyer, and quality is not important), which are expected to range between LOW-HIGH from 2023-2027.

Our report provides extensive information on the customer landscape of the Fiber Laser market, involving qualitative and quantitative intelligence.

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The Fiber Laser Market Report Also Offers Information on the Criticality of Inputs, R&D, Capex, Technology, Labor, and Brand of 20 Vendors Listed Below –

Amonics Ltd

Apollo Instruments Inc.

Coherent Corp.

CY Laser Srl

FANUC Corp.

Furukawa Electric Co. Ltd.

Hypertherm Inc.

IPG Photonics Corp.

Jenoptik AG

LNA Laser Technology

Lumentum Holdings Inc.

LUMIBIRD SA

MACSA ID SA

MKS Instruments Inc

NKT AS

OMRON Corp.

TOPTICA Photonics AG

TRUMPF SE Co. KG

Wuhan Raycus Fiber Laser Technologies Co. Ltd.

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Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparison and Y-O-Y Growth of Fiber Laser Industry Segment

The market is segmented by Application (Material Processing, Advanced Applications, Healthcare, and Others) and Product Type (Continuous Wave Fiber Laser and Pulsed Fiber Laser).

By Application - The material processing segment shows a gradual increase during 2023-2027.

Material processing includes welding, cutting, engraving, and marking applications for different materials.

The segment has been further segmented into marking, high power, fine processing, and micro-processing.

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Increasing Demand for High-powered Fiber Lasers is Notably Driving the Fiber Laser Market Growth

The growing number of applications that use fiber lasers has led to a shift to high-powered lasers. These lasers are used for several industrial applications, which is driving the growth of the market. For instance, high-powered fiber lasers are used for the non-destructive testing of materials. Some of the major industries where non-destructive testing is used include civil engineering, aeronautical engineering, forensic engineering, electrical engineering, mechanical engineering, petroleum engineering, medicine, and systems engineering. Therefore, the market will observe an increase in the demand for high-powered pulsed fiber lasers for the above applications.

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Chart & Data Table on Historic Market Size (2017-2021), Comparison and Y-O-Y Growth of 11 Countries of Fiber Laser Industry

The market is segmented by Geography into North America (The US and Canada), Europe (The UK, Germany, France, and Rest of Europe), Asia (China and India), and the Middle East & Africa (Saudi Arabia, South Africa, and Rest of the Middle East & Africa).

North America is projected to contribute 30% of market growth by 2027. The presence of major aerospace and defense firms in the US, such as BAE Systems, Lockheed Martin, Temporal Defense Systems, and Raytheon, is driving the market growth in the region. These firms are investing in various technologies to develop new types of weapons and defense systems.

The COVID-19 pandemic led to a reduction in the demand for fiber lasers in North America. However, the easing of lockdown restrictions and mass vaccination drives conducted across the region helped the market to gain momentum in the second half of 2020. Thus, the demand for fiber lasers rose in the second half of 2020.

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Fiber Laser Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.05%

Market growth 2023-2027

USD 8780.64 million

Market structure

Fragmented

YoY growth (%)

10.05

Regional analysis

North America, APAC, Europe, and Middle East and Africa

Performing market contribution

North America at 30%

Key consumer countries

US, China, India, Japan, and South Korea

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

Amonics Ltd, Apollo Instruments Inc., Calmar Laser Inc., Coherent Corp., CY Laser Srl, FANUC Corp., Furukawa Electric Co. Ltd., Hypertherm Inc., IPG Photonics Corp., Jenoptik AG, LNA Laser Technology, Lumentum Holdings Inc., LUMIBIRD SA, MACSA ID SA, MKS Instruments Inc, NKT AS, OMRON Corp., TOPTICA Photonics AG, TRUMPF SE Co. KG, and Wuhan Raycus Fiber Laser Technologies Co. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Application

5.1 Market segments

5.2 Comparison by Application

5.3 Material processing - Market size and forecast 2022-2027

5.4 Advanced applications - Market size and forecast 2022-2027

5.5 Healthcare - Market size and forecast 2022-2027

5.6 Others - Market size and forecast 2022-2027

5.7 Market opportunity by Application

6 Market Segmentation by Product Type

6.1 Market segments

6.2 Comparison by Product Type

6.3 Continuous wave fiber laser - Market size and forecast 2022-2027

6.4 Pulsed fiber laser - Market size and forecast 2022-2027

6.5 Market opportunity by Product Type

7 Customer Landscape

7.1 Customer landscape overview

8 Geographic Landscape

8.1 Geographic segmentation

8.2 Geographic comparison

8.3 North America - Market size and forecast 2022-2027

8.4 APAC - Market size and forecast 2022-2027

8.5 Europe - Market size and forecast 2022-2027

8.6 Middle East and Africa - Market size and forecast 2022-2027

8.7 South America - Market size and forecast 2022-2027

8.8 US - Market size and forecast 2022-2027

8.9 China - Market size and forecast 2022-2027

8.10 India - Market size and forecast 2022-2027

8.11 Japan - Market size and forecast 2022-2027

8.12 South Korea - Market size and forecast 2022-2027

8.13 Market opportunity by geography

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

10.3 Landscape disruption

10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 Amonics Ltd

11.4 Apollo Instruments Inc.

11.5 Calmar Laser Inc.

11.6 Coherent Corp.

11.7 CY Laser Srl

11.8 FANUC Corp.

11.9 Furukawa Electric Co. Ltd.

11.10 Hypertherm Inc.

11.11 IPG Photonics Corp.

11.12 Jenoptik AG

11.13 MACSA ID SA

11.14 MKS Instruments Inc

11.15 NKT AS

11.16 OMRON Corp.

11.17 TRUMPF SE Co. KG

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

12.3 Currency conversion rates for US$

12.4 Research methodology

12.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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