Fiber Laser Market to show $4,403 Million, by 2025
Fiber Laser Market Outlook
2018-2025:
Global Fiber
Laser Market Major Players 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.
Allied Market Research published a
report, titled, “Fiber
Laser Market by Type (Infrared Fiber Laser, Ultraviolet Fiber Laser,
Ultrafast Fiber Laser, and Visible Fiber Laser) and Application (High-Power,
Marking, Fine Processing, and Micro Processing) - Global Opportunity Analysis
and Industry Forecast, 2018-2025”. According to the
report, the global fiber laser market garnered $1,782 million in 2017 and is
expected to reach $4,403 million by 2025, registering a CAGR of 11.9% from 2018
to 2025.
The
report provides an in-depth analysis of the global fiber laser market, covering
aspects such as current market size and share, market classification, market
drivers, restraints and opportunities, and competitive landscape. The
information in the report is a result of an extensive primary and secondary
research.
Growth Drivers and Industry Trends
The
report discusses the drivers, restraints, and opportunities of the fiber laser
market in detail. Technological advancements in fibers, high beam quality &
lower cost of ownership, and eco-friendly technology drive the market.
Nonetheless, reduced cutting speed while processing thicker materials and
undesired pulse pedestals & non-linear optical effects restrict the market
growth. On the other hand, increase in automobile and mobile electronic
applications offer new opportunities for the growth of the market.
First time buyer? Check offers and
discount on this report: https://www.alliedmarketresearch.com/purchase-enquiry/1725
Segmentation Analysis of the Industry
A
detailed analysis of the market classification is offered in the study. The
market is segmented into type, application, and region. Based on type, it is
divided into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber
laser, and visible fiber laser. The ultrafast fiber laser segment accounted for
63% of the market share in 2017 and would dominate the market through 2025.
Based on application, the market is bifurcated into high-power, marking, fine
processing, and micro processing. High power application is expected to grow at
a CAGR of 15.8% from 2018 to 2025. Geographically, the market analysis covers
North America, Europe, Asia-Pacific, and LAMEA. The market in Asia-Pacific held
42.8% of the market share in 2017 and is expected to maintain its dominance
through the study period.
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