Fiber Laser Market PPT 2023: Size, Growth, Demand and Forecast till 2028

Author: Elena Anderson

Marketing Manager

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Global Fiber Laser Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Fiber Laser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-20 28

," the global fiber laser market size reached US$ 2.5 Billion in 2022.

Fiber laser refers to a variation of the standard solid-state laser that uses optical fiber doped in rareearth elements, including erbium, thulium, holmium, and praseodymium as the active medium. The extensive utilization of rare earth elements provides a cost-effective diode laser pump source with a high-power output.

On account of this, fiber lasers are reliable, compact, electrically and optically efficient, with excellent beam quality and high peak energy as compared to traditional lasers. In recent years, fiber laser has gained momentum as it offers higher precision, superior stability, and resistance to environmental disturbances due to their sealed optical path.

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Global Fiber Laser Market Trends:

One of the primary factors driving the market is the extensive utilization of fiber lasers in numerous industry verticals, such as biology and medical sciences, micromachining, and telecommunications for coding and marking requirements. Additionally, the augmenting demand for the miniaturization of integrated circuits (ICs) and wafers are creating a positive market outlook. Other than this, the automotive and electrical industries are increasingly using fiber lasers as they possess a large surface-tovolume ratio that quickly dissipates thermal energy and provides enhanced efficiency.

Besides this, the rising trend of green manufacturing and growing concerns among material manufacturers regarding the consequences of their products is propelling the market growth. In line with this, key players are focusing on designing automated and energy-efficient fiber laser solutions to replace conventional chemical etching and ink-based printing methods.

Looking forward, IMARC Group expects the market value to reach US$ 4.3 Billion by 2028, expanding at a CAGR of 9.2% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/fiber-laser-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Infrared Fiber Laser

• Ultraviolet Fiber Laser

• Ultrafast Fiber Laser

• Visible Fiber Laser

Breakup by Application:

• Cutting

• Welding

• Marking

• Fine and Micro Processing

• Medical

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• ABB Ltd

• Amonics Limited

• Apollo Instruments Inc

• Coherent Inc

• Cy-laser S.r.l

• IPG Photonics Corporation

• MKS Instruments Inc

• Omron Corporation

• NKT Photonics A/S

• Toptica Photonics

• Trumpf GmbH Co. KG

1. How has the global fiber laser market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global fiber laser market?

3. What are the key regional markets?

4. What is the breakup of the market based on the type?

5. What is the breakup of the market based on the application?

6. What are the various stages in the value chain of the industry?

7. What are the key driving factors and challenges in the industry?

8. What is the structure of the global fiber laser market and who are the key players?

9. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/fiber-laser-market/toc

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