Fiber Laser Market Size, Share, Trends

Report Code SE 9103
Published in Jul, 2024, By MarketsandMarkets™
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Fiber Laser Market Size, Share, Trends by Type (Infrared, Ultrafast, Ultraviolet, Visible), Operation Mode (Continuous wave, Pulsed), Output Power (Low Power, Medium Power, High Power), Industry (Telecommunications, Automotive, Medical) and Region - Global Forecast to 2029

Fiber Laser Market Size, Share & Growth

The fiber laser market size to grow from USD 7.7 billion in 2024 and is expected to reach USD 12.8 billion by 2029, growing at a CAGR of 10.8% from 2024 to 2029. The need for increased manufacturing efficiency, precision, and reliability is driving the growth of fiber laser market. Due to their high energy efficiency and cost-effectiveness, fiber lasers are used in industries such as manufacturing, medicine, telecommunications, and consumer electronics. Fiber lasers are rapidly being adopted as diagnostic and surgical instruments in the medical industry. Moreover, the consumer electronics sector, which requires high precision, uses fiber lasers for developing smaller devices. Due to its high accuracy fiber lasers are essential to additive manufacturing and 3D printing for working with a variety of materials. Companies such as IPG Photonics Corporation are offering collaborative robots with integrated fiber lasers, which enhance workflow efficiency, safety, and automation in production processes. Artificial intelligence (AI) in fiber lasers optimizes laser parameters which ensures high power and stable output. AI enables predictive maintenance, which reduces downtime by identifying potential issues before they arise. Furthermore, advanced data analysis provides valuable insights that can result in process improvements and new developments in manufacturing, medicine, and communications. AI-driven fiber laser systems provide accurate cutting and welding with low error rates, enhancing quality control and decreasing downtime. They also improve safety by keeping an eye on working conditions and recognizing possible risks, automating repetitive tasks, and streamlining procedures.

Attractive Opportunities in the Fiber Laser Market

ASIA PACIFIC:

Asia Pacific held the largest share of the submarine cable system market in 2023.

Rising preference for fiber laser-based material processing over traditional approaches

Acquisitions, partnerships, collaborations, and product launches will offer lucrative opportunities for market players in the next five years.

The telecommunications segment expected to account for the largest share of the market during the forecast period.

The infrared laser type to dominate the market throughout the forecast period

Global Fiber Laser Market Dynamics

DRIVER: Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability

The adoption of fiber lasers has gained strong traction in several manufacturing and material processing industries owing to the various benefits that these are associated with, which makes them a top choice among manufacturers. Fiber lasers are known for their precision work which is essential in any automated manufacturing processes. This can minimize waste, produce cleaner cutting and welding with pinpoint accuracy due to their ability of concentrating high-intensity beam. High level of precision and greater accuracy is crucial in sectors like automotive and aerospace where component quality & integrity are vital.

RESTRAINT: High deployment cost

Fiber laser systems are in high demand for being cost-effective, accurate and providing versatile solutions across various industrial sectors. However, the substantial cost of acquisition and installation for these systems are a significant restraint especially to small and medium-sized enterprises (SMEs) or businesses with limited budgets.High-quality fiber laser machines are expensive since they use sophisticated technology and materials with high prices. Price also ranges with power output, wavelength and what the user wants it to be capable for specific applications. Fiber lasers with high power or other specialist capabilities needed for more challenging industrial processes are particularly expensive

 

OPPORTUNITY: Advanced UV Fiber Lasers

Ultraviolet (UV) fiber laser are increasing utilized in manufacturing, healthcare and telecommunications. Ultraviolet wavelengths to provide enhanced performance for uses including high-precision material processing, medical treatment and next-generation communication technologies.UV fiber lasers are favored in the manufacturing industry because of their preciseness and minimal thermal damage characteristic when it comes to processing materials. UV light is able to focus to a smaller spot than IR or visible wavelengths, making it possible for small features and patterns on various polymers/metal/acting materials at higher resolutions The result is that UV fiber lasers have excellent application potential, for instances micro- machining and drilling of small sized holes sensitive cuts.

CHALLENGE: Shortage of skilled professionals

Fiber laser systems require a high level of technical expertise to install and maintained which can be challenging. Fiber lasers are high-tech tools and skilled professionals with a complete comprehension of laser physics, optics, electronics mentoring services, technical communities who can perform troubleshooting or routine maintenance pertinence to the system are required. They need to understand the laser, need to gain comprehensive knowledge of beam characteristics and how light interacts with various material as well as integration into longer processes after installation. Given the complexity of these tasks, it requires intensive training for operators and technicians often provided by laser manufactures.

Global Fiber Laser Market Ecosystem Analysis

Fiber laser is a large ecosystem that comprises input suppliers, OEMs, distributors, verticals, and post sales service providers. The fiber laser designers and manufacturers develop and innovate lasers and laser systems with certain specifications to be distributed and supplied to different verticals. Major companies offering fiber laser include Coherent Corp. (US), IPG Photonics Corporation (US), Han's Laser Technology Co., Ltd. (China), JENOPTIK (Germany), and TRUMPF (Germany). Manufacturers or specialized fiber laser suppliers manufacture the products.

 

Fiber Laser Market Segmentation

High power fiber lasers dominates the market during the forecast period.In 2023 high power fiber lasers held the largest market share of the fiber laser since these lasers can effectively handle rigorous industrial applications which require high energy output with precision for cutting and welding of thick metals and complex materials.They are used extensively in high energy output tasks in industries like automotive, oil & gas and even iron steel production to enhance productivity and increase operational efficiency. High power fiber lasers are widely used in the heavy industry due to large scale and high speed processing ability, versatility for heavy-duty manufacturing processes are driving the growth of high power fiber laser market.

Telecommunication segment held the largest market share in 2023.

The telecommunication segment is expected to lead the market throughout the forecast period. The exponential increase in amount of data consumed around the globe, increasing internet usage, streaming services, cloud utilization and growth in number for lot devices requires robust communication network for handling massive data transmission. The expansion of telecommunications infrastructure, including fiber-optic networks and data centers, further drives the demand for fiber laser industry.Infrared fiber laser to dominate market during forecast period.Infrared (IR) Fiber Laser is a laser technology emitting light in the infrared spectrum. They typically generate the laser light by using optical fibers doped with rare-earth elements such as ytterbium, erbium or neodymium. Higher beam quality, intrinsic stability and a capability of power efficient high output make IR fiber lasers highly versatile sources. There are numerous advantages to using this type of industrial laser in applications such as materials processing, telecommunications and medical procedures due to their deep penetration coupled with a high degree of precision

ASIA PACIFIC Region Holds the Largest Share of the Fiber Laser Market.

Asia Pacific dominates the fiber laser industry share due to surging industrialization and technological developments, and booming manufacturing sector in countries such as China, India, Japan making Asia Pacific the largest market for fiber lasers. Demand for fiber lasers in this region has gained traction with robust focus on embracing cutting-edge manufacturing technologies and automation, such as welding, marking & others. Moreover, the growing electronics, automotive and telecommunication sectors in this region also fuel the demand for fiber lasers. As these industries continue to grow and evolve further, the Asia Pacific market for fiber laser is expected to boom during the forecast period.

 
 

Recent Developments of Fiber Laser Market industry

  • In May 2024, IPG Photonics Corporation (US) launched the LightWELD 2000 XR, a 2 kW handheld laser welding and cleaning system that increases processing speeds and handles thicker materials. It enhances fabrication productivity and efficiency with improved presets and compatibility with the LightWELD Cobot System. In June 2023, Coherent Corp. (US) launched the HighLight FL-ARM fiber lasers, which features adjustable ring mode beams for improved welding process stability over large areas, which is ideal for electric vehicle battery manufacturing.
  • In October 2022, Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China) launched R- series for industrial applications such as automobile manufacturing, shipbuilding, aerospace, and new energy battery welding.

Key Market Players

Fiber Laser Market Report Scope

Report Attribute Details
Estimated Market Size USD 7.7 billion in 2024
Projected Market Size USD 12.8 billion by 2029
Growth Rate At  CAGR of  10.8%
Fiber Laser Market Size , By Type: Infrared Ultrafast Ultraviolet Visible
By Output Power: Low Medium High
By Operation Mode: Continuous Wave Pulsed
Fiber Laser Market Share, By Region: North America US Canada Mexico Europe UK Germany France Rest of Europe Asia Pacific China Japan South Korea India Rest of Asia Pacific RoW South America Middle East Africa

 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
21
RESEARCH METHODOLOGY
24
EXECUTIVE SUMMARY
34
PREMIUM INSIGHTS
38
MARKET OVERVIEW
41
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing automation in manufacturing and material processing industries
    - High energy efficiency, low maintenance, and long lifespan of fiber lasers
    - Growing demand in medical & healthcare industry
    - Rising adoption of fiber lasers in consumer electronics
    - Expansion of 3D printing and additive manufacturing
    RESTRAINTS
    - High deployment cost
    - Reduced cutting speed for thicker materials
    OPPORTUNITIES
    - Growing use of advanced ultraviolet fiber lasers
    - Increasing use in thin sheet cutting and micro machining
    - High demand in micro drilling and surface cleaning applications
    CHALLENGES
    - Competition from alternative technologies
    - Safety concerns and compliance issues
    - Shortage of skilled professionals
  • 5.3 SUPPLY CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 INVESTMENT AND FUNDING SCENARIO
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Adjustable mode beam lasers
    - Additive manufacturing locus beam control
    COMPLEMENTARY TECHNOLOGIES
    - LiDAR
    ADJACENT TECHNOLOGIES
    - Quantum cascade lasers
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.10 CASE STUDY ANALYSIS
    SHIM SHACK TRANSFORMED ITS SHOP WITH LASERCUBE FLATBED LASER CUTTING SYSTEM
    MΜSHIELD IMPROVED EFFICIENCY AND COST WITH LASERCUBE
    LASER INDONESIA PIONEERS LASER CLADDING IN INDONESIA WITH COHERENT'S SUPPORT
    TEAMTECHNIK ENHANCED WELDING PRECISION WITH COHERENT FIBER LASER
    EUROSTEEL ENHANCED MANUFACTURING PRECISION WITH CY-LASER'S FIBER LASER TECHNOLOGY
  • 5.11 TRADE ANALYSIS
    IMPORT DATA
    EXPORT DATA
  • 5.12 PATENT ANALYSIS
  • 5.13 KEY CONFERENCES AND EVENTS
  • 5.14 REGULATORY LANDSCAPE AND STANDARDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
    - IEC 60825-1:2014
    - ANSI Z136.1
    - Federal Laser Product Performance Standard (FLPPS)
    - International Commission on Non-Ionizing Radiation Protection (ICNIRP)
    - EN 60825 – Safety of Laser Products
    - FDA Standards
  • 5.15 IMPACT OF AI: FIBER LASER MARKET
    AI USE CASES IN FIBER LASER MARKET
    BEST PRACTICES: WHO IS IMPLEMENTING ABOVE USE CASES
    INTERCONNECT ADJACENT ECOSYSTEM
    - Impact on laser processing market
  • 5.16 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF FIBER LASERS
    AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS, BY OUTPUT POWER
    AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION
APPLICATIONS OF FIBER LASER
81
  • 6.1 INTRODUCTION
  • 6.2 LASER PROCESSING
    MACRO PROCESSING
    - Cutting
    - Drilling
    - Welding
    - Marking and engraving
    MICRO PROCESSING
    ADVANCED APPLICATIONS
  • 6.3 OPTICAL COMMUNICATION
  • 6.4 OPTOELECTRONICS
  • 6.5 OTHER APPLICATIONS
FIBER LASER MARKET, BY TYPE
87
  • 7.1 INTRODUCTION
  • 7.2 INFRARED
  • 7.3 ULTRAFAST
  • 7.4 ULTRAVIOLET
  • 7.5 VISIBLE
FIBER LASER MARKET, BY OUTPUT POWER
96
  • 8.1 INTRODUCTION
  • 8.2 LOW
    OFFERS HIGH PRECISION AND VERSATILITY IN MARKING, ENGRAVING, AND MICRO-MACHINING ACROSS ELECTRONICS
  • 8.3 MEDIUM
    DELIVER HIGH PRECISION AND PERFORMANCE ACROSS VARIOUS INDUSTRIES
  • 8.4 HIGH
    ENHANCES PRODUCTIVITY AND EFFICIENCY BY ENABLING PRECISE CUTTING, WELDING, AND DRILLING OF THICK AND TOUGH MATERIALS
FIBER LASER MARKET, BY OPERATION MODE
101
  • 9.1 INTRODUCTION
  • 9.2 CONTINUOUS WAVE
  • 9.3 PULSED
FIBER LASER MARKET, BY END-USE INDUSTRY
107
  • 10.1 INTRODUCTION
  • 10.2 TELECOMMUNICATIONS
    GROWING ADOPTION IN FIBER OPTIC COMMUNICATION TO BOOST DEMAND
  • 10.3 INDUSTRIAL
    INTEGRATION OF LASER SYSTEMS IN MANUFACTURING TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
  • 10.4 SEMICONDUCTOR & ELECTRONICS
    INCREASING USE IN MANUFACTURING MINIATURIZED SEMICONDUCTOR COMPONENTS TO BOOST DEMAND
  • 10.5 COMMERCIAL
    OFFERS ENHANCE PRODUCTIVITY AND QUALITY ACROSS MULTIPLE APPLICATIONS
  • 10.6 AEROSPACE
    INCREASED ADOPTION FOR MACHINING AIRCRAFT PARTS TO ACCELERATE MARKET GROWTH
  • 10.7 AUTOMOTIVE
    RISING DEMAND FOR SEAM WELDING AND HIGH-STRENGTH STEEL CUTTING IN AUTOMOTIVE INDUSTRY TO DRIVE GROWTH
  • 10.8 MEDICAL
    INCREASING APPLICATION IN SURGICAL PROCEDURES TO DRIVE DEMAND
  • 10.9 RESEARCH
    GROWING APPLICATION IN SPECTROSCOPY TO DRIVE MARKET
  • 10.10 OTHER END-USE INDUSTRIES
FIBER LASER MARKET, BY REGION
122
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK IN NORTH AMERICA
    US
    - Growing demand for miniature laser processing devices in healthcare sector to drive market
    CANADA
    - Government-led initiatives to develop, produce, and sell EVs to boost demand
    MEXICO
    - Rising adoption in automobile, aerospace, and electronics to accelerate demand
  • 11.3 EUROPE
    MACROECONOMIC OUTLOOK IN EUROPE
    GERMANY
    - Rising use in minimally invasive surgical procedures to drive market
    FRANCE
    - Increasing demand in automotive, telecommunications, and healthcare industries to fuel growth
    UK
    - Rising emphasis on reducing greenhouse gas emissions to fuel market growth
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK IN ASIA PACIFIC
    CHINA
    - Growing use in semiconductor chip manufacturing processes to propel market growth
    JAPAN
    - Presence of prominent automobile and electronic companies to drive market
    INDIA
    - Government-led projects to boost domestic manufacturing to fuel market growth
    SOUTH KOREA
    - Consumer electronics and automotive industries to offer lucrative growth opportunities for market players
    REST OF ASIA PACIFIC
  • 11.5 ROW
    MACROECONOMIC OUTLOOK IN ROW
    SOUTH AMERICA
    - Investments in laser technology and infrastructure to drive market
    MIDDLE EAST
    - Growing demand for electric vehicles to drive market
    AFRICA
    - Increasing use of EVs to offer lucrative growth opportunities for market players
COMPETITIVE LANDSCAPE
149
  • 12.1 OVERVIEW
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 12.3 REVENUE ANALYSIS
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.6 BRAND/PRODUCT COMPARISON
  • 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Overall company footprint
    - Output power footprint
    - Operation mode footprint
    - End-use industry footprint
    - Region footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - List of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 12.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHERS
COMPANY PROFILES
173
  • 13.1 KEY PLAYERS
    IPG PHOTONICS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TRUMPF
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    COHERENT CORP.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM View
    FUJIKURA LTD.
    - Business overview
    - Products/Solutions/Services offered
    600 GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    BYSTRONIC GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EPILOG LASER
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    FANUC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    FURUKAWA ELECTRIC CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    JENOPTIK AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LUMENTUM OPERATIONS LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LUMIBIRD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NEWPORT CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NLIGHT, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 13.2 OTHER PLAYERS
    AMONICS LTD.
    APOLLO INSTRUMENTS INC.
    CY-LASER SRL
    EKSPLA
    LAGUNA TOOLS
    LASERSTAR TECHNOLOGIES CORPORATION
    MAXPHOTONICS CO., LTD.
    NKT PHOTONICS A/S
    TOPTICA PHOTONICS AG
ADJACENT & RELATED MARKETS
231
  • 14.1 INTRODUCTION
  • 14.2 LASER TECHNOLOGY MARKET, BY LASER TYPE
    INTRODUCTION
    SOLID LASERS
    LIQUID LASERS
    GAS LASERS
    OTHER LASER TYPES
APPENDIX
240
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 FIBER LASER MARKET: ROLE OF PLAYERS IN ECOSYSTEM
  • TABLE 2 MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)
  • TABLE 4 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
  • TABLE 5 LIST OF MAJOR PATENTS APPLIED/GRANTED, 2021–2024
  • TABLE 6 MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 FIBER LASER MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 12 MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 13 INFRARED: FIBER LASER MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 14 INFRARED:  MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 15 INFRARED:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 16 INFRARED:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 17 ULTRAFAST: MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 18 ULTRAFAST: FIBER LASER MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 19 ULTRAFAST: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 20 ULTRAFAST: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 21 ULTRAVIOLET: FIBER LASER MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 22 ULTRAVIOLET:  MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 23 ULTRAVIOLET: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 24 ULTRAVIOLET:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 25 VISIBLE:  MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 26 VISIBLE:  MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 27 VISIBLE:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 28 VISIBLE:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 29 FIBER LASER MARKET, BY OUTPUT POWER, 2020–2023 (USD MILLION)
  • TABLE 30  MARKET, BY OUTPUT POWER, 2024–2029 (USD MILLION)
  • TABLE 31  MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 32  MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 33 CONTINUOUS WAVE:  MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 34 CONTINUOUS WAVE: FIBER LASER MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 35 CONTINUOUS WAVE:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 36 CONTINUOUS WAVE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 37 PULSED: FIBER LASER MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 38 PULSED:  MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 39 PULSED:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 40 PULSED: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 41 MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 42  MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 43 TELECOMMUNICATIONS:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 TELECOMMUNICATIONS: FIBER LASER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 INDUSTRIAL:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 46 INDUSTRIAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 SEMICONDUCTOR & ELECTRONICS: FIBER LASER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 48 SEMICONDUCTOR & ELECTRONICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 COMMERCIAL:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 50 COMMERCIAL:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 51 AEROSPACE: FIBER LASER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 52 AEROSPACE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 AUTOMOTIVE: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 54 AUTOMOTIVE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 55 MEDICAL:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 56 MEDICAL: FIBER LASER MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 RESEARCH:  MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 58 RESEARCH:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 59 OTHER END-USE INDUSTRIES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 60 OTHER END-USE INDUSTRIES:  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 FIBER LASER MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 62  MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 63 MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)
  • TABLE 64  MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 65 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 66 NORTH AMERICA: FIBER LASER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 67 NORTH AMERICA:  MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 68 NORTH AMERICA:  MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 69 NORTH AMERICA:  MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 70 NORTH AMERICA:  MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 71 NORTH AMERICA:  MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 72 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 73 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 74 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 75 EUROPE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 76 EUROPE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 77 EUROPE: FIBER LASER MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 78 EUROPE: MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE:  MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 81 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 82 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 83 ASIA PACIFIC: FIBER LASER MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 84 ASIA PACIFIC: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 85 ASIA PACIFIC: MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 86 ASIA PACIFIC: MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 87 ASIA PACIFIC: FIBER LASER MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 88 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 89 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 90 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 91 ROW: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 92 ROW: MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 93 ROW: MARKET, BY OPERATION MODE, 2020–2023 (USD MILLION)
  • TABLE 94 ROW: MARKET, BY OPERATION MODE, 2024–2029 (USD MILLION)
  • TABLE 95 ROW: MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 96 ROW: FIBER LASER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 97 MIDDLE EAST: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 98 MIDDLE EAST: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 99 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • TABLE 100 MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 101 MARKET: OUTPUT POWER FOOTPRINT
  • TABLE 102 MARKET: OPERATION MODE FOOTPRINT
  • TABLE 103 MARKET: END-USE INDUSTRY FOOTPRINT
  • TABLE 104 MARKET: REGION FOOTPRINT
  • TABLE 105 MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 106  MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 107 MARKET: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2024
  • TABLE 108 MARKET: DEALS, JANUARY 2020–JUNE 2024
  • TABLE 109  MARKET: EXPANSIONS, JANUARY 2020–JUNE 2024
  • TABLE 110 FIBER LASER MARKET: OTHERS, JANUARY 2020–JUNE 2024
  • TABLE 111 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW
  • TABLE 112 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 113 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES
  • TABLE 114 IPG PHOTONICS CORPORATION: DEALS
  • TABLE 115 TRUMPF: COMPANY OVERVIEW
  • TABLE 116 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 117 TRUMPF: PRODUCT LAUNCHES
  • TABLE 118 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 119 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 120 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: PRODUCT LAUNCHES
  • TABLE 121 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: DEALS
  • TABLE 122 COHERENT CORP.: COMPANY OVERVIEW
  • TABLE 123 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 124 COHERENT CORP.: PRODUCT LAUNCHES
  • TABLE 125 WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
  • TABLE 126 WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 127 WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES
  • TABLE 128 WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD.: DEALS
  • TABLE 129 FUJIKURA LTD.: COMPANY OVERVIEW
  • TABLE 130 FUJIKURA LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 131 600 GROUP PLC: COMPANY OVERVIEW
  • TABLE 132 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 BYSTRONIC GROUP: COMPANY OVERVIEW
  • TABLE 134 BYSTRONIC GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED
  • TABLE 135 BYSTRONIC GROUP: PRODUCT LAUNCHES
  • TABLE 136 BYSTRONIC GROUP: EXPANSIONS
  • TABLE 137 EPILOG LASER: COMPANY OVERVIEW
  • TABLE 138 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 EPILOG LASER: PRODUCT LAUNCHES
  • TABLE 140 EPILOG LASER: EXPANSIONS
  • TABLE 141 FANUC CORPORATION: COMPANY OVERVIEW
  • TABLE 142 FANUC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 143 FURUKAWA ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 144 FURUKAWA ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 145 JENOPTIK AG: COMPANY OVERVIEW
  • TABLE 146 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 147 JENOPTIK AG: PRODUCT LAUNCHES
  • TABLE 148 JENOPTIK AG: DEALS
  • TABLE 149 JENOPTIK AG: EXPANSIONS
  • TABLE 150 LUMENTUM OPERATIONS LLC: COMPANY OVERVIEW
  • TABLE 151 LUMENTUM OPERATIONS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 152 LUMENTUM OPERATION LLC: EXPANSIONS
  • TABLE 153 LUMIBIRD: COMPANY OVERVIEW
  • TABLE 154 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 155 LUMIBIRD: PRODUCT LAUNCHES
  • TABLE 156 LUMIBIRD: DEALS
  • TABLE 157 NEWPORT CORPORATION: COMPANY OVERVIEW
  • TABLE 158 NEWPORT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 159 NEWPORT CORPORATION: PRODUCT LAUNCHES
  • TABLE 160 NLIGHT, INC.: COMPANY OVERVIEW
  • TABLE 161 NLIGHT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 162 NLIGHT, INC.: PRODUCT LAUNCHES
  • TABLE 163 NLIGHT, INC.: DEALS
  • TABLE 164 NLIGHT, INC.: OTHERS
  • TABLE 165 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 166 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 167 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 168 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 169 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 170 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 171 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 172 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 173 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 174 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 175 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 176 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 FIBER LASER MARKET SEGMENTATION
  • FIGURE 2 FIBER LASER MARKET: RESEARCH DESIGN
  • FIGURE 3 FIBER LASER MARKET: RESEARCH APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 FIBER LASER MARKET SIZE ESTIMATION METHODOLOGY
  • FIGURE 7 DATA TRIANGULATION: FIBER LASER MARKET
  • FIGURE 8 FIBER LASER MARKET GROWTH, 2020−2029
  • FIGURE 9 HIGH POWER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 10 CONTINUOUS WAVE SEGMENT DOMINATED OVERALL MARKET IN 2023
  • FIGURE 11 INFRARED SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 12 TELECOMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2024 TO 2029
  • FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
  • FIGURE 14 RISING PREFERENCE FOR FIBER LASER-BASED MATERIAL PROCESSING OVER TRADITIONAL PROCESSING METHODS TO DRIVE MARKET
  • FIGURE 15 HIGH POWER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
  • FIGURE 16 INFRARED SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 17 TELECOMMUNICATIONS SEGMENT TO BE LARGEST END USER OF FIBER LASER DURING FORECAST PERIOD
  • FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN FIBER LASER MARKET DURING FORECAST PERIOD
  • FIGURE 19 FIBER LASER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 FIBER LASER MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 21 FIBER LASER MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 22 FIBER LASER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 23 FIBER LASER MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 24 FIBER LASER MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 25 FIBER LASER MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 26 INVESTMENT AND FUNDING SCENARIO, 2019–2023
  • FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • FIGURE 28 FIBER LASER MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY
  • FIGURE 30 KEY BUYING CRITERIA, BY END-USE INDUSTRY
  • FIGURE 31 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 32 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 33 NUMBER OF PATENTS APPLIED AND GRANTED, 2014–2023
  • FIGURE 34 SNAPSHOT: KEY AI USE CASES IN FIBER LASER
  • FIGURE 35 AVERAGE SELLING PRICE OF FIBER LASERS, 2020−2023
  • FIGURE 36 AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS, BY OUTPUT POWER, 2023
  • FIGURE 37 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2020−2023
  • FIGURE 38 MAJOR APPLICATIONS OF FIBER LASER
  • FIGURE 39 FIBER LASER MARKET, BY TYPE
  • FIGURE 40 INFRARED FIBER LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 41 FIBER LASER MARKET, BY OUTPUT POWER
  • FIGURE 42 LOW FIBER LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 43 FIBER LASER MARKET, BY OPERATION MODE
  • FIGURE 44 CONTINOUS WAVE FIBER LASER SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 45 FIBER LASER MARKET, BY END-USE INDUSTRY
  • FIGURE 46 TELECOMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 47 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL FIBER LASER MARKET DURING FORECAST PERIOD
  • FIGURE 48 NORTH AMERICA: FIBER LASER MARKET SNAPSHOT
  • FIGURE 49 EUROPE: FIBER LASER MARKET SNAPSHOT
  • FIGURE 50 ASIA PACIFIC: FIBER LASER MARKET SNAPSHOT
  • FIGURE 51 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022
  • FIGURE 52 FIBER LASER MARKET SHARE ANALYSIS, 2023
  • FIGURE 53 FIBER LASER MARKET: COMPANY VALUATION
  • FIGURE 54 FIBER LASER MARKET: FINANCIAL METRICS
  • FIGURE 55 BRAND/PRODUCT COMPARISON OF MAJOR COMPANIES
  • FIGURE 56 FIBER LASER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 57 FIBER LASER MARKET: COMPANY OVERALL FOOTPRINT
  • FIGURE 58 FIBER LASER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 59 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 60 TRUMPF: COMPANY SNAPSHOT
  • FIGURE 61 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 62 COHERENT CORP.: COMPANY SNAPSHOT
  • FIGURE 63 FUJIKURA LTD.: COMPANY SNAPSHOT
  • FIGURE 64 600 GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 65 BYSTRONIC GROUP: COMPANY SNAPSHOT
  • FIGURE 66 FANUC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 67 FURUKAWA ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 68 JENOPTIK AG: COMPANY SNAPSHOT
  • FIGURE 69 LUMENTUM OPERATIONS LLC: COMPANY SNAPSHOT
  • FIGURE 70 LUMIBIRD: COMPANY SNAPSHOT
  • FIGURE 71 NLIGHT, INC.: COMPANY SNAPSHOT
  • FIGURE 72 LASER TECHNOLOGY MARKET, BY LASER TYPE

 

The study involved four major activities in estimating the size of the Fiber laser market . Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

Various secondary sources were referred to in the secondary research process to identify and collect information pertinent to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the fiber laser industry, the value chain of the market, the total pool of the key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology oriented perspectives.

Primary Research

In the primary research process, various primary sources, from both supply and demand sides, were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, SMEs, consultants, and related key executives from the major companies and organizations operating in the fiber laser market share .

After the complete market engineering process (which includes market statistics calculations, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical market numbers.

Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Fiber Laser Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the fiber laser market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Information related to the revenue of key manufacturers and providers of fiber laser type was studied and analyzed to estimate the global size of the fiber laser market
  • Multiple discussions were conducted with key opinion leaders to understand the demand for fiber laser products and analyze the break-up of the scope of work carried out by each major company
  • Revenue, geographic presence, key industries served, and the diverse offerings of all identified players in the fiber laser market size were studied to estimate and arrive at the percentage split of different market segments
  • All major players in the fiber laser market size were identified through secondary research and verified through brief discussions with industry experts
  • Multiple discussions were conducted with key opinion leaders of all major companies involved in developing fiber laser solutions to validate the market split based on operation mode, type, output power, industry, and region
  • Geographic splits were estimated using secondary sources on the basis of factors such as the number of players offering fiber laser in a specific country or region and the industries for which these players offer the solutions.

Market Size Estimation Methodology-Bottom-up Approach

Fiber Laser Market
 Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-Down Approach

Fiber Laser Market
 Size, and Top-Down Approach

Data Triangulation

The total market was split into several segments after arriving at the overall market size from the market size estimation process explained in the sections above. Market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.

Market Definition

Fiber lasers are a type of solid-state laser which uses optical fiber, doped with rare earth elements which acts as the active gain medium. Optical fiber converts light from pump laser diodes into a laser beam with specific wavelengths.  Neodymium, ytterbium, praseodymium, erbium, thulium, holmium, and dysprosium are used as doping elements. Due to this wide range of produced wavelengths, fiber lasers are ideal for a variety of applications such as laser cutting, texturing, cleaning, engraving, drilling, marking, and welding. The industries that use fiber laser technology include commercial, telecommunications, research, aerospace, healthcare, automotive, semiconductor & electronics, industrial, and others (oil & gas, iron & steel, tobacco, glass, wood, retail, and plastics).

Stakeholders

  • End users
  • Government bodies, venture capitalists, and private equity firms
  • Fiber laser manufacturers
  • Fiber laser distributors
  • Fiber laser industry associations
  • Professional service/solution providers
  • Research institutions and organizations
  • Standards organizations and regulatory authorities related to the fiber Laser market
  • System integrators
  • Technology consultants

Research Objectives

  • To define, describe, and project the size of the global fiber laser market, in terms of value, segmented based on type, industry, operation mode, output power and region
  • To project the market size of fiber lasers in terms of volume
  • To forecast the market size for various segments with respect to four main regions—North America, Europe, Asia Pacific, and RoW
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To profile the key market players and comprehensively analyze their market ranking and core competencies.
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, product launches, and research & development (R&D) activities, in the fiber laser market
  • To provide leadership mapping based on company profiles and key player strategies such as product launches and development, collaborations, expansions, and acquisitions
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To provide ecosystem analysis, case study analysis, patent analysis, pricing analysis, Porter’s five forces analysis, key stakeholders & buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market under study

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Further breakdown of the market in different regions to the country level
  • Detailed analysis and profiling of additional market players (up to 5)

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Growth opportunities and latent adjacency in Fiber Laser Market

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