At an estimated value of USD 2.23 billion in 2020, the global Fiber Laser Market is predicted to thrive at a CAGR of 14.51% to be valued at USD 8.42 billion by 2030. Fiber laser is an optically pumped device mostly used with laser diodes and in some cases with other fiber lasers. The optical fiber used in the fiber laser is doped with rare earth metals such as ytterbium, erbium, neodymium and others that amplify the produced light. It has wide application in different industries due to its high efficiency, cost effectiveness, compact size and low maintenance cost. Market Segmentations and Scope of the Study: The global fiber laser market share has been segmented on the basis of type, application and geography. On the basis of type, the fiber laser market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser and visible fiber laser. Ultrafast fiber laser is sub segmented into picosecond fiber laser and femtosecond fiber laser. Visible fiber laser is sub segmented into quasi-CW green fiber laser and nanosecond fiber laser. On the basis of application, the fiber laser market is segmented into high power, marking, fine processing and micro processing. Marking is sub segmented into cutting and welding & others. Cutting is further categorized into flat sheet cutting, tube cutting and 3-D cutting. Welding & others is further categorized into power train, tube welding, car body scanner welding, car body seam welding and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW. Request for a free sample- https://www.nextmsc.com/fiber-laser-market/requestsample Geographical Analysis Asia-Pacific is anticipated to hold the lion share of the market due to the expansion of the large-scale manufacturing sector in countries such as China, India, Japan, and other AsiaPacific countries. Also, increasing investment by the leading manufacturers owing to lower labor costs and availability of raw materials at affordable prices are expected to boost the market growth in this region. The other developed regions such as North America and Europe are expected to witness steady growth in the coming years. Mexico is the fastest growing regional market in North America. Inquire before buying- https://www.nextmsc.com/fiber-laser-market/inquire-beforebuying Competitive Landscape
Lucrative growth opportunities make the global fiber laser market extremely competitive. Some of the major players in the market are 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. Other players in the value chain include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited. Strategic alliances, innovations and R&D are key strategies used by market players to maintain market dominance. For instance, in November 2020, IPG Photonics Corporation has launched the LightWELD hand-held laser welding system that enables fast welding and high-quality results in a variety of materials and thicknesses, with low heat input and little or no filler wire. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit: https://www.nextmsc.com
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