DUBLIN, Sept. 9, 2021 (GLOBE NEWSWIRE) — “Fiber Laser Market Forecast to 2028 – Impact of COVID-19 and Global Type Analysis (Infrared Fiber Lasers, Ultraviolet Fiber Lasers, Ultrafast Fiber Lasers, and Visible Fiber Lasers) ) and Applications (High Power Cutting and Welding, Marking, Fine Machining and Micromachining)” report has been added to ResearchAndMarkets.com’s offerings.
According to a new research report titled “Fiber Laser Market Forecast to 2028 – COVID-19 Impact and Global Analysis”, the market is expected to reach USD 4,765.4 million by 2028, growing at a CAGR of 11.1% from 2021 to 2028 .
Factors such as increasing production in the automotive industry and growth in 3D printing technologies are driving the growth of the fiber laser market.However, lower cutting speeds when machining thicker materials restrain the market growth.Furthermore, increasing demand for cutting applications, surging demand across various industries, and emergence of industrial automation are other factors driving the market growth.In addition, the rise of industrial automation, coupled with the emergence of new technologies such as computer numerical control (CNC), computer aided manufacturing (CAM), and fiber laser technology, has subsequently boosted the application of fiber lasers in multiple industries.
The fiber laser market is broadly segmented into three major regions – North America, Europe, and Asia Pacific.The growth of the fiber laser market is largely dependent on manufacturing.North America, Europe, and Asia Pacific dominate the market as these three regions largely drive global manufacturing.Asia Pacific is the largest manufacturing market as it includes manufacturing hubs such as China, Japan, India and South Korea.China and Japan are the largest producers of steel and electronics, which drives manufacturing in these countries.South Korea is one of the world’s largest manufacturers of semiconductor equipment, and the country’s semiconductor industry contributes significantly to its GDP.In addition, India produces radio receivers, metal products, rolling stock, automobiles, bicycles and precision instruments.China has also made great strides in the engineering industry.Other Asian countries are mainly concentrated in the production of durable consumer goods.Manufacturing based on computer hardware, software and information processing has grown rapidly in Japan, Singapore, Malaysia, Taiwan and South Korea, and has established fast-growing enclaves in India – especially around Bangalore and Mumbai.
Since December 2019, the COVID-19 pandemic has adversely affected every business globally.The continued growth in the number of infected patients has forced the government to restrict the movement of people and goods.Manufacturing suffered heavy losses due to temporary factory shutdowns and low production, which hampered growth in the electronics and semiconductors, automotive and retail sectors.In addition, government-imposed social or physical distancing measures limit the operations of logistics and other service providers.As a result, the adoption of fiber laser solutions has declined in all regions.
Several companies operating in the global fiber laser market are making major strategic moves.For example, in 2019, Coherent, Inc. introduced the first switchable tunable ring mode (ARM) fiber laser.The new Coherent HighLightTM FL-ARM with high power (2-8 kW) fiber optic switch features dual fiber output lasers that can sequentially power two independent workstations or processes.Dual fiber outputs provide higher throughput in cost-sensitive and high-volume welding applications, especially in automotive manufacturing, such as welding of doors, suspension components, ultra-high-strength steel components, and aluminum body frames.Likewise, in July 2020, IPG Photonics Corporation introduced the new YLR-U series of near-infrared 1-micron fiber lasers.The YLR-U series are the world’s highest performance industrial kilowatt-class continuous wave (CW) ytterbium fiber lasers.
Key topics covered: 1. Introduction2.Key takeaway 3.Research Methods 4.Fiber Laser Market Landscape 4.1 Market Overview 4.2 PEST Analysis 4.2.1 North America 4.2.2 Europe 4.2.3 APAC4.2.4 MEA4.2.5 SAM4.3 Ecosystem Analysis 4.4 Expert Opinion5.Fiber Laser Market – Key Market Dynamics 5.1 Market Drivers 5.1.1 Increase in Automotive Production 5.1.2 Growth in 3D Printing Technology 5.2 Market Constraints 5.2.1 Reduced Cutting Speed When Processing Thicker Materials 5.3 Market Opportunities 5.3.1 Rising Demand for Fiber Laser Cutting Applications5 .4 Future Trends 5.4.1 Surging Demand in Various Industries and Emergence of Industrial Automation 5.5 Impact Analysis of Drivers and Constraints 6.Fiber Lasers – Global Market Analysis 6.1 Global Fiber Laser Market Overview 6.2 Global Fiber Laser Market Revenue Forecast and Analysis 6.3 Market Positioning – Five Key Players7.Fiber Laser Market Revenue and Forecast to 2028 – Type7.1 Overview 7.2 Fiber Laser Market, By Type (2020 and 2028) 7.3 Ultrafast Fiber Laser 7.3.1 Overview 7.3.2 Ultrafast Fiber Laser: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 7.4 Ultraviolet Fiber Laser 7.4.1 Overview 7.4.2 Ultraviolet Fiber Laser: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 7.5 Infrared Fiber Laser 7.5.1 Overview 7.5.2 Infrared Fiber Lasers: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 7.6 Visible Fiber Laser 7.6.1 Overview 7.6.2 Visible Fiber Laser: Fiber Laser Market Revenue and Forecast to 2028 (Million USD) USD) 8.Fiber Laser Market Analysis and Forecast to 2028 – Application 8.1 Overview 8.2 Fiber Laser Market, By Application (2020 and 2028) 8.3 High Power Cutting and Welding 8.3.1 Overview 8.3.2 High Power Cutting and Welding: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 8.4 Fine Machining 8.4.1 Overview 8.4.2 Fine Machining: Fiber Laser Market Revenue and Forecast to 2028 (Million USD) 8.5 Tag 8.5.1 Overview 8.5.2 Tag: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 8.6 Micromachining 8.6.1 Overview 8.6.2 Micromachining: Fiber Laser Market Revenue and Forecast to 2028 (USD Million) 9.Fiber Laser Market – Geographical Analysis 10.Fiber Laser Market – COVID-19 Impact Analysis 10.1 Overview 10.2 North America 10.3 Europe 10.4 Asia Pacific 10.5 Middle East & Africa 10.6 South America 11.Industry Landscape 11.1 Overview 11.2 Market Initiatives 11.3 Mergers and Acquisitions 12.Company Profile 12.1 Active Fiber Systems GmbH12.1.1 Key Facts 12.1.2 Business Description 12.1.3 Products and Services 12.1.4 Financial Overview 12.1.5 SWOT Analysis 12.1.6 Key Developments 12.2 IPG Photonics Corporation12.2.1 Key Facts 12.2.2 Business Description 12.2.3 Products and Services 12.2.4 Financial Overview 12.2.5 SWOT Analysis 12.2.6 Key Developments 12.3 Fujikura Ltd. 12.3.1 Key Facts 12.3.2 Business Description 12.3.3 Products and Services 12.3.4 Financial Overview 12.3.5 SWOT Analysis 12.3.6 Key Developments 12.4 Fusion Photonics 12.4.1 Key Facts 12.4.2 Business Description 12.4.3 Products and Services 12.4.4 Financial Overview 12.4.5 SWOT Analysis 12.4.6 Key Developments 12.5 Coherent, Inc. 12.5.1 Key Facts 12.5.2 Business Description 12.5.3 Products and Services 12.5.4 Financial Overview 12.5.5 SWOT Analysis 12.5.6 Key Developments 12.6 Jenoptik AG 12.6.1 Key Facts 12.6.2 Business Description 12.6.3 Products and Services 12.6.4 Financial Overview 12.6.5 SWOT Analysis 12.6.6 Key Developments 12.7 NLIGHT , Inc.12.8.1 Key Facts 12.8.2 Business Description 12.8.3 Products and Services 12 .8.4 Financial Overview 12.8.5 SWOT Analysis 12.8.6 Key Developments 12.9 TRUMPF GmbH + Co. KG12.9.1 Key Facts 12.9.2 Business Description 12.9.3 Products and Services 12.9.4 Financial Overview 12.9.5 SWOT Analysis 12.9.6 Key Developments 12.10 Wuhan Raycus Fiber Laser Technology Co., Ltd. 12.10.1 Key Facts 12.10.2 Business Description 12.10.3 Products and Services 12.10.4 Financials Overview 12.10.5 SWOT Analysis 12.10.6 Key Developments 13.Appendix For more information on this report, please visit https://www.researchandmarkets.com/r/lm2slq
Post time: Jan-19-2022