Global FIBER LASER Market
Global FIBER LASER Market was valued at US$ 2,100.00 Million in 2021, estimated to reach US$ 4,411.25 Million in 2027, with a CAGR 8.86% from 2022-2027.
A type of laser is Fiber laser, in which the laser cavity and the beam transfer is incorporated into a solitary system inside an optical fiber. fiber lasers are preferably suited for numerous industrial applications needing a long pulse duration and high peak power like spot welding, seam welding and drilling. Fiber lasers are an vital part of laser marking systems as they support in achieving high dimensional accuracy in manufactured electronic products.
Market Drivers
Fiber lasers are increasingly used in cutting applications, as optical fiber is used as an active gain medium, which can be twisted to manage any directional changes.
Fiber lasers have high flexibility and thus help in developing compact cutting heads. It is also free from any moving component which makes the maintenance of fiber lasers easier than CO2 laser.
Fiber laser is also equipped with modern and effective cooling mechanisms allowing it to operate long duration without losing its efficacy.
Market Restraints
The slower cutting speed experienced while employing laser technology to treat heavier materials has been cited as a major limitation on the Fiber laser business.
Additionally, non-linear optical effects produced by the production processes employing laser technology function as a significant market restraint.
Market Segmentation
FIBER LASER Market is segmented into major 4 categories. Based on Type, the market is divided into Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, Visible Fiber Laser. Based on Application, the market is segmented into Material Processing, Medical Applications, Advanced Applications, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Based on region Asia Pacific region dominates the Fiber Laser market across the world with growing CAGR owing to the adoption of laser marking products and solutions compared to other regions leads to the market growth in this region.
North America occupied the second-highest market portion after the Asia Pacific and is anticipated to grow at a significant CAGR throughout the forecast period owing to high acceptance of fiber lasers for application in laser operations such as cosmetic surgeries. Also, all along of properties like superior performance, compact size, cost effectiveness, high output power, durability, eco- friendly, eliminate the mechanical adjustments and high maintenance costs is gaining popularity in North America.
Market Key Players
Some of the key players operating in Global FIBER LASER Market are Coherent Inc., IPG Photonics Corporation, Rofin-Sinar Technologies, Trumpf GMBH, Quantel Group, Amonics Ltd., Apollo Instruments, Clark MXR, Fianium, FiberLAST.
Industry development
In June 2022 Hamamatsu Photonics, one of the oldest and most reputable photonics businesses in the world, will incorporate NKT Photonics. The development and production of fibre and lasers will continue to fall within the purview of NKT Photonics, a Hamamatsu Photonics group affiliate.
In September 2017 the Trumpf GMBH has opened a new technology center in Hoffman Estates, Illinois, for Industry 4.0 solutions that is designed for digitally connected production processes.
In November 2018 IPG acquired Genesis Systems, a robotic integration company and at FABTECH 2018, IPG Photonics introduced a new generation of high power lasers featuring industry leading reliability, the industry’s smallest weight and size, and the industry’s highest wall plug efficiencies. The new generation of lasers incorporate three innovations: 1) QCW 2x Peak Power mode on CW lasers, 2) adjustable mode beam capability and 3) integrated weld monitoring technology.
Global FIBER LASER Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global FIBER LASER Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global FIBER LASER Market Share Analysis, By Type
5.3 Global FIBER LASER Market Size and Forecast, By Type
5.3.1 Infrared Fiber Laser
5.3.2 Ultraviolet Fiber Laser
5.3.3 Ultrafast Fiber Laser
5.3.4 Visible Fiber Laser
6 Global FIBER LASER Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global FIBER LASER Market Share Analysis, By Application
6.3 Global FIBER LASER Market Size and Forecast, By Application
6.3.1 Material Processing
6.3.2 Medical Applications
6.3.3 Advanced Applications
6.3.4 Others
7 Global FIBER LASER Market, By Region
7.1 Global FIBER LASER Market Share Analysis, By Region
7.2 Global FIBER LASER Market Share Analysis, By Region
7.3 Global FIBER LASER Market Size and Forecast, By Region
8 North America Global FIBER LASER Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Global FIBER LASER Market Share Analysis, By Type
8.3 North America Global FIBER LASER Market Size and Forecast, By Application
8.4 North America Global FIBER LASER Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global FIBER LASER Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Global FIBER LASER Market Share Analysis, By Type
9.3 Europe Global FIBER LASER Market Size and Forecast, By Application
9.4 Europe Global FIBER LASER Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Global FIBER LASER Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Global FIBER LASER Market Share Analysis, By Type
10.3 Asia Pacific Global FIBER LASER Market Size and Forecast, By Application
10.4 Asia Pacific Global FIBER LASER Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Global FIBER LASER Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Global FIBER LASER Market Share Analysis, By Type
11.3 Latin America Global FIBER LASER Market Size and Forecast, By Application
11.4 Latin America Global FIBER LASER Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Global FIBER LASER Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Global FIBER LASER Market Share Analysis, By Type
12.3 Middle East Global FIBER LASER Market Size and Forecast, By Application
12.4 Middle East Global FIBER LASER Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Modec Inc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 SBM Offshore NV
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 BW Offshore Limited
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Teekay Offshore Partners LP
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Bluewater Holding BV
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Saipem SpA
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Petrofac Limited
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Petroleo Brasileiro SA (Petrobras)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 CNOOC Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 TotalEnergies SE
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
