According to a new report published by Allied Market Research, titled, ” Fiber Laser Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the market was valued at $1,782 million in 2017, and is projected to reach $4,403 million by 2025, growing at a CAGR of 11.9% from 2018 to 2025. Asia-Pacific is anticipated to be the highest revenue contributor throughout the forecast period.
Fiber lasers consist of long optical
fibers containing excellent thermal properties. They allow easy integration of
the pump diodes and fiber components. The design of fiber lasers is more
compact, efficient, and reliable as compared to conventional lasers.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1725
The major factors that drive the
fiber laser market across the globe are continuous technological advancements,
high beam quality & lower cost of ownership, and eco-friendly technology.
The growth in trend of green manufacturing and increase in concern among
material manufacturers regarding the impact of their product on the environment
across various industrial sectors have made fiber lasers an attractive choice
for cutting and marking applications. Easily automated and energy efficient
fiber laser solutions are increasingly replacing the traditional methods such
as chemical etching and ink-based printing that are employed for machine
marking.
By type, the fiber laser market is
segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber
laser, and visible fiber laser. The ultrafast fiber laser segment accounted for
nearly two-thirds of the market revenue in 2017. This was attributed to its
properties such as compact size, high beam quality, wall plug efficiency, and
reliability. In addition, ultrafast lasers are manufactured using the technique
of chirped pulse application, which suppresses the undesired pulse pedestals
and nonlinear optical effects. The ultrafast laser segment is bifurcated into
picosecond fiber laser and femtosecond fiber laser. The femtosecond fiber laser
segment accounted for nearly three-fourths share of the global ultrafast fiber laser
market revenue in 2017.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1725
High power application is expected
to grow at a CAGR of 15.8% in terms of revenue from 2018 to 2025, owing to
employment of fiber lasers in cost-effective cutting and welding applications.
Marking accounts for the second largest share in terms of revenue, which is
attributed to the FDA requirement for marking unique identification number on
all medical, dental, and surgical devices for patient safety.
Key
Findings of the Fiber Laser Market:
·
Asia-Pacific is expected to
remain dominant from 2018 to 2025 in terms of revenue, followed by North
America.
·
The picosecond fiber laser market is
expected to grow at a CAGR of 11.4% during the forecast period.
·
Quasi-CW green fiber laser is the
fastest growing type in terms of revenue in the global visible fiber laser
market, with a CAGR of 46.0% from 2018 to 2025.
·
Mexico is the fastest developing
region in the North America fiber laser market, growing at a CAGR of
11.2% from 2018 to 2025.
Interested in Procuring this Report?
visit: https://www.alliedmarketresearch.com/fiber-laser-market/purchase-options
Asia-Pacific and North
America collectively contributed more than two-thirds to the market
revenue in 2017. In the same year, Asia-Pacific dominated the market,
in terms of revenue, owing to increased demand of fiber lasers in electronics
and automotive industry.
The report provides an extensive
competitive analysis and profiles of the key market players, such as 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. The other players in the value chain (not included in
the report) include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd.,
and SPI Lasers Limited.
Get detailed COVID-19 impact
analysis on the Fiber Laser Market : https://www.alliedmarketresearch.com/request-for-customization/1725?reqfor=covid
About Allied Market Research:
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a
targeted view to provide business insights and consulting to assist its clients
to make strategic business decisions and achieve sustainable growth in their
respective market domains. AMR offers its services across 11 industry verticals
including Life Sciences, Consumer Goods, Materials & Chemicals,
Construction & Manufacturing, Food & Beverages, Energy & Power,
Semiconductor & Electronics, Automotive & Transportation, ICT &
Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn
No comments:
Post a Comment