Fiber Laser Market
Fiber Laser Market Forecasts to 2030 - Global Analysis By Type (Infrared, Ultrafast, Ultraviolet and Visible), Output Power (Low Power, Medium Power and High Power), Laser Type, Operation Mode, Application, End User and by Geography
According to Stratistics MRC, the Global Fiber Laser Market is accounted for $7.98 billion in 2024 and is expected to reach $16.44 billion by 2030 growing at a CAGR of 12.80% during the forecast period. Fiber lasers are sophisticated laser systems that provide high efficiency and accuracy in a range of applications by using optical fibers as the gain medium. These lasers use stimulated emission in a specially made optical fiber, usually doped with rare-earth elements like neodymium, erbium, or ytterbium, to produce light. They are renowned for creating concentrated, high-quality beams with remarkable stability and quality, which makes them perfect for marking, cutting, welding, and engraving a variety of materials, such as metals, polymers, and ceramics.
According to a report by the U.S. Department of Energy, fiber lasers have seen a significant increase in adoption for industrial manufacturing processes, noting that their efficiency can exceed 30% compared to traditional laser systems, resulting in reduced energy consumption and operational costs.
Market Dynamics:
Driver:
Demand for industrial manufacturing
Fiber lasers are widely used in the industrial sector, mainly because of their unparalleled efficiency and adaptability. Metals and other materials can now be cut, welded, and engraved with fiber lasers. They are perfect for precision applications because they can create excellent cuts with few areas affected by heat. Fiber lasers give businesses a competitive edge by cutting production costs and times as they aim for automation and increased productivity. Additionally, businesses are being compelled to invest in cutting-edge laser technologies that can easily interface with automated systems due to the emergence of Industry 4.0 and smart manufacturing practices.
Restraint:
High cost of deployment
The high initial cost of fiber lasers is one of the biggest obstacles preventing their widespread use. Small and medium-sized businesses (SMEs) or companies with tight budgets may find the significant investment needed for the purchase and installation of fiber laser systems prohibitive. Because they require advanced technology and materials for production, high-quality fiber laser machines come at a high cost. Moreover, power output, wavelength, and the capabilities of a particular application are some of the variables that affect the price. For instance, fiber lasers intended for high-power applications or specific industrial processes can be very expensive, making it difficult for businesses to defend the investment in the absence of a definite return on investment.
Opportunity:
Growth of additive manufacturing and 3D printing
Fiber lasers have a lot of opportunities as additive manufacturing and 3D printing gain popularity. The need for high-precision laser systems that can operate with a range of materials is growing as these technologies advance. Fiber lasers can improve the quality and integrity of printed components in additive manufacturing processes like direct metal laser sintering (DMLS) and selective laser sintering (SLS).
Threat:
Competition from other technologies
Alternative laser technologies, like CO2 and solid-state lasers, pose a serious threat to the fiber laser market. These substitutes frequently have existing user bases and, in some cases, can be more affordable, especially when cutting non-metal materials like wood and plastic. Even though fiber lasers are incredibly accurate and efficient, their higher initial costs may put off potential customers who might otherwise choose less costly or more conventional options. Furthermore, fiber lasers market share may be further reduced by developments in these rival technologies, especially if they provide comparable performance at a lower cost.
Covid-19 Impact:
The COVID-19 pandemic had a major effect on the fiber laser market. It first caused supply chain disruptions worldwide and decreased demand in a number of industries, most notably manufacturing and the automotive sector. Production capabilities were hindered by plant closures and workforce restrictions during lockdowns, which led to delays and higher expenses. However, the market saw resurgence as industries started to recover, propelled by an increasing demand for automation and increased productivity. As businesses looked to increase productivity and cut expenses, the pandemic hastened the adoption of cutting-edge technologies, such as fiber lasers.
The High Power segment is expected to be the largest during the forecast period
The market for fiber lasers is dominated by the high-power segment, mainly because of its remarkable performance in demanding industrial applications. Because high-power fiber lasers can produce a significant amount of energy, they are perfect for jobs requiring accurate and effective cutting through thick materials. High-power fiber lasers are widely used in industries like heavy machinery manufacturing, automotive, and aerospace for tasks like cutting and welding where precision and speed are essential. Moreover, these lasers standing as the go-to option for heavy-duty manufacturing processes has been cemented by their capacity to manage demanding jobs while increasing output and operational effectiveness.
The Diode Laser segment is expected to have the highest CAGR during the forecast period
In the fiber laser market, the diode laser segment is anticipated to grow at the highest CAGR. Diode lasers are becoming more and more popular because of their small size, effectiveness, and affordability, which make them perfect for a range of tasks like cutting, engraving, and marking. The increasing need for energy-efficient manufacturing solutions is well aligned with their capacity to provide high power output with low energy consumption. Furthermore, developments in diode laser technology are improving their functionality and broadening their uses in industries like medical devices, automotive, and telecommunications. The diode laser market is expected to grow significantly as long as industries continue to place a high value on accuracy and operational effectiveness.
Region with largest share:
The fiber laser market is dominated by the European region. Growing demand across a range of end-use industries, such as electronics, automotive, aerospace, and manufacturing, is the main driver of this growth. Applications for fiber lasers include cutting, welding, engraving, printing, and marking. Certain technologies, such as ultraviolet (UV) fiber lasers, are becoming more popular due to their efficiency in marking materials like cabling and plastics. Additionally, the use of fiber lasers in Europe is also being fueled by the growth of industrial automation and technological developments like computer numerical control (CNC).
Region with highest CAGR:
Over the course of the forecast period, the fiber laser market is anticipated to grow at the highest CAGR in the Asia-Pacific region. The region's thriving manufacturing sector, especially in nations like China, which has become a global manufacturing powerhouse, is primarily responsible for this growth. Advanced laser technologies are used extensively in a variety of industries, including metal fabrication, electronics, automotive, aerospace, and machinery. Moreover, fiber lasers are a popular option among manufacturers in this area due to their high precision, quick processing speeds, and versatility.
Key players in the market
Some of the key players in Fiber Laser market include Fujikura Ltd., ABB, IPG Photonics Corporation, Jenoptik AG, Amonics Ltd., Toptica Photonics AG, Omron Corporation, Coherent, Inc., Fanuc Corporation, Keopsys Group, Apollo Instruments, Inc, Lumentum Operations LLC, Maxphotonics Co., Ltd., Quantel Group, NKT Photonics A/S, Trumpf GmbH + Co. KG, Han's Laser Technology Industry Group Co., Ltd. and Newport Corporation.
Key Developments:
In September 2024, ABB has signed a Memorandum of Understanding (MoU) agreement with US Company Argent LNG to collaborate on automation and electrical solutions for a liquefaction facility at Port Fourchon in Louisiana, approximately 150 kilometers south of New Orleans.
In August 2024, OMRON Robotics and Safety Technologies Inc. has partnered with Neura Robotics, known for its pioneering work in cognitive robotics, to integrate advanced AI-driven cognitive robots into factory automation. This collaboration is poised to revolutionize the manufacturing sector by improving efficiency, flexibility, and safety in factory operations.
In May 2024, TRUMPF and T-Systems have been working together for some time in the field of positioning systems for networked industry. The solution offered by the partners enables productivity increases and cost savings, particularly for companies in the production and logistics sectors. The companies benefit from the combined industry and digitalization expertise of the partnership.
Types Covered:
• Infrared
• Ultrafast
• Ultraviolet
• Visible
Output Powers Covered:
• Low Power
• Medium Power
• High Power
Laser Types Covered:
• Fiber Laser
• Diode Laser
• Solid State Laser
• CO2 Laser
Operation Modes Covered:
• Continuous Wave
• Pulsed
Applications Covered:
• High Power
• Marking
• Fine Processing
• Micro Processing
End Users Covered:
• Telecommunications
• Automotive
• Medical
• Aerospace
• Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fiber Laser Market, By Type
5.1 Introduction
5.2 Infrared
5.3 Ultrafast
5.3.1 Picosecond Fiber Laser
5.3.2 Femtosecond Fiber Laser
5.4 Ultraviolet
5.5 Visible
5.5.1 Quasi-CW Green Fiber Lasers
5.5.2 Nanosecond Fiber Laser
6 Global Fiber Laser Market, By Output Power
6.1 Introduction
6.2 Low Power
6.3 Medium Power
6.4 High Power
7 Global Fiber Laser Market, By Laser Type
7.1 Introduction
7.2 Fiber Laser
7.3 Diode Laser
7.4 Solid State Laser
7.5 CO2 Laser
8 Global Fiber Laser Market, By Operation Mode
8.1 Introduction
8.2 Continuous Wave
8.3 Pulsed
9 Global Fiber Laser Market, By Application
9.1 Introduction
9.2 High Power
9.2.1 Cutting
9.2.2 Welding and Others
9.3 Marking
9.4 Fine Processing
9.5 Micro Processing
10 Global Fiber Laser Market, By End User
10.1 Introduction
10.2 Telecommunications
10.3 Automotive
10.4 Medical
10.5 Aerospace
10.6 Defense
10.7 Other End Users
11 Global Fiber Laser Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Fujikura Ltd.
13.2 ABB
13.3 IPG Photonics Corporation
13.4 Jenoptik AG
13.5 Amonics Ltd.
13.6 Toptica Photonics AG
13.7 Omron Corporation
13.8 Coherent, Inc.
13.9 Fanuc Corporation
13.10 Keopsys Group
13.11 Apollo Instruments, Inc
13.12 Lumentum Operations LLC
13.13 Maxphotonics Co., Ltd.
13.14 Quantel Group
13.15 NKT Photonics A/S
13.16 Trumpf GmbH + Co. KG
13.17 Han's Laser Technology Industry Group Co., Ltd.
13.18 Newport Corporation.
List of Tables
1 Global Fiber Laser Market Outlook, By Region (2022-2030) ($MN)
2 Global Fiber Laser Market Outlook, By Type (2022-2030) ($MN)
3 Global Fiber Laser Market Outlook, By Infrared (2022-2030) ($MN)
4 Global Fiber Laser Market Outlook, By Ultrafast (2022-2030) ($MN)
5 Global Fiber Laser Market Outlook, By Picosecond Fiber Laser (2022-2030) ($MN)
6 Global Fiber Laser Market Outlook, By Femtosecond Fiber Laser (2022-2030) ($MN)
7 Global Fiber Laser Market Outlook, By Ultraviolet (2022-2030) ($MN)
8 Global Fiber Laser Market Outlook, By Visible (2022-2030) ($MN)
9 Global Fiber Laser Market Outlook, By Quasi-CW Green Fiber Lasers (2022-2030) ($MN)
10 Global Fiber Laser Market Outlook, By Nanosecond Fiber Laser (2022-2030) ($MN)
11 Global Fiber Laser Market Outlook, By Output Power (2022-2030) ($MN)
12 Global Fiber Laser Market Outlook, By Low Power (2022-2030) ($MN)
13 Global Fiber Laser Market Outlook, By Medium Power (2022-2030) ($MN)
14 Global Fiber Laser Market Outlook, By High Power (2022-2030) ($MN)
15 Global Fiber Laser Market Outlook, By Laser Type (2022-2030) ($MN)
16 Global Fiber Laser Market Outlook, By Fiber Laser (2022-2030) ($MN)
17 Global Fiber Laser Market Outlook, By Diode Laser (2022-2030) ($MN)
18 Global Fiber Laser Market Outlook, By Solid State Laser (2022-2030) ($MN)
19 Global Fiber Laser Market Outlook, By CO2 Laser (2022-2030) ($MN)
20 Global Fiber Laser Market Outlook, By Operation Mode (2022-2030) ($MN)
21 Global Fiber Laser Market Outlook, By Continuous Wave (2022-2030) ($MN)
22 Global Fiber Laser Market Outlook, By Pulsed (2022-2030) ($MN)
23 Global Fiber Laser Market Outlook, By Application (2022-2030) ($MN)
24 Global Fiber Laser Market Outlook, By High Power (2022-2030) ($MN)
25 Global Fiber Laser Market Outlook, By Cutting (2022-2030) ($MN)
26 Global Fiber Laser Market Outlook, By Welding and Others (2022-2030) ($MN)
27 Global Fiber Laser Market Outlook, By Marking (2022-2030) ($MN)
28 Global Fiber Laser Market Outlook, By Fine Processing (2022-2030) ($MN)
29 Global Fiber Laser Market Outlook, By Micro Processing (2022-2030) ($MN)
30 Global Fiber Laser Market Outlook, By End User (2022-2030) ($MN)
31 Global Fiber Laser Market Outlook, By Telecommunications (2022-2030) ($MN)
32 Global Fiber Laser Market Outlook, By Automotive (2022-2030) ($MN)
33 Global Fiber Laser Market Outlook, By Medical (2022-2030) ($MN)
34 Global Fiber Laser Market Outlook, By Aerospace (2022-2030) ($MN)
35 Global Fiber Laser Market Outlook, By Defense (2022-2030) ($MN)
36 Global Fiber Laser Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
