According to the latest report by IMARC Group, titled “ Fiber Laser Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027 ”, Offers a comprehensive analysis of the industry, which includes insights on global fiber laser market growth . The global fiber laser market size reached US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 10.44% during 2022-2027.

A fiber laser uses an optical fiber as an active medium doped in rare-earth elements like erbium, ytterbium, neodymium, thulium, praseodymium, holmium, and dysprosium. It is alignment and maintenance-free and offers advantages, including adaptability, compactness, reliability, cost-effectiveness and high energy levels.It is currently available in numerous forms, which can be adopted for welding heavy sheets of metal and producing femtosecond pulses.

Global Fiber Laser Market Trends:

Rapid manufacturing industrialization, in confluence with the rising adoption of advanced technologies to enable automation in various processes, represents one of the key factors bolstering market growth. Apart from this, due to the growing prevalence of chronic diseases individuals, fiber lasers are among gaining traction in the healthcare industry. They are used in dentistry, photodynamic therapy, and biomedical sensing for mid-infrared spectroscopy. Furthermore, with the rising demand for electric vehicles (EVs), the application of fiber lasers is anticipated to rise in the internal combustion engines (ICEs).

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Global Fiber Laser Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ABB Ltd.
Amonics Limited
Apollo Instruments Inc.
Coherent Inc.
Cy-laser S.r.l.
IPG Photonics Corporation
MKS Instruments Inc.
Omron Corporation
NKT Photonics A/S
Toptica Photonics
Trumpf GmbH + Co. KG

The report has segmented the market on the basis on region, type and application.

Breakup by Type:

Infrared Fiber Laser
Ultraviolet Fiber Laser
Ultrafast Fiber Laser
Visible Fiber Laser

Breakup by Application:

Cutting
Welding
Marking
Fine and Micro Processing
Medical
Others

Breakup by Region:

North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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