Fiber Leaser Market Market Overview :
Fiber Laser Market revenue is growing at a CAGR of 11.7% from 2016 to 2022. It is expected to reach $3,113 million by 2022 from $1,443 million in 2015. Fiber lasers consist of long optical fibers with 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. Fiber laser provides high efficiency, cost effectiveness, compact size, vibrational stability, and low maintenance, which makes them ideal for use in diversified applications.
Currently, in 2015, the fiber laser market share accounted for 31% of the overall global laser market revenue and it is expected to reach 39% by 2020. The demand for convention CO2 and the demand for solid state fiber laser is expected to fall owing to the superior value proposition of fiber lasers.
Fiber Laser Market Revenue Share in the Overall Laser Market, 2015 Vs 2020
Technological advancement, ecofriendly nature, and high beam quality at a lower cost of ownership drives the fiber laser market size. The growth in the trend of green manufacturing and increase in concern over material processors regarding their product impact on environment, across various industrial sectors has led to fiber laser systems becoming an attractive choice for marking and cutting applications. The emergence and evolution of ultra-fast and ribbon core fiber lasers, and the increase in use of fiber lasers in micro-cutting, 3D micro milling, blind hole machining, optical pumping, scribing, surface treatment, defense, and microscopy applications drives the global market.
The global fiber laser industry is segmented into type, application, and geography. Based on fiber laser type, the market is classified into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. Whereas, on the basis of application the market is segmented into high power, marking, fine processing, and micro processing. Geographically, the global fiber laser industry is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
Tube cutting is the most prominent segment by application in the global fiber laser industry and is expected to be the first preference for new entrants due to increase in use of fiber lasers in manufacturing of cardiovascular stents owing to unlimited cutting configurations, reduced production costs, and the ability to eliminate stack up tolerances. Other major segments ideal for investments include 3D cutting, flat sheet cutting, and power train application. Fiber lasers are increasingly employed in 3D cutting applications, such as manufacturing of apertures in instrumentation enclosures, portable electronics enclosures, and gobos owing to their capacity for high degree beam manipulation. They are used in flat sheet cutting application as fiber lasers provide a tightly focused spot size offering higher depth of focus, faster processing speed, and large working distance, which can ease work-piece tolerances. Power train application employs fiber lasers with wavelength of 1 micron as they couple with materials more easily and enhance the energy input in the weld.
Top Investment Pockets, by Application
The increase in demand for fiber lasers in the market have led to rise in number of strategies adopted by the key leading players in the market to grow their market share. The number of strategies employed by the market giants increased from 3 to 8 during 2011 to 2016, which exhibits the growth and development of fiber laser market share in these years.
Top Winning Strategies, By Year (20022016*)
*Till July 2016
Germany Market Analysis
The fiber lasers market in Germany generated revenue of $94 million in 2015. It is estimated to reach $204 million by 2022, growing at a CAGR of 11.8% during the forecast period. Rapidly rising demand for fiber lasers in the automotive industry is driving market in this region.
Germany: Fiber Laser Market, 20142022 ($Million)
Major players profiled in this report include Amonics Ltd. (China), Apollo Instruments Inc. (U.S.), Coherent Inc. (U.S.), IPG Photonics Corporation (U.S.), Jenoptik Laser GmbH (Germany), Keopsys Group (France), NKT Photonics A/S (Denmark), Quantel Group (France), ROFIN-SINAR Technologies Inc. (U.S.), and Toptica Photonics AG (Germany). Other players in the value chain include Newport Corp., Trumpf Inc., 3S Photonics S.A.S., Active Fiber Systems GmbH, Advalue Photonics, Calmar Laser Inc., Clark MXR Inc., EKSPLA, ELUXI Ltd., EOLITE Systems, Furukawa Electric Co. Ltd., Fianium Ltd., FiberLAST Inc., GSI Group Inc., Hypertherm Inc., IMRA America Inc., JDS Uniphase Corp., Maxphotonics Co. Ltd., Mitsubishi Cable Industries Ltd., Miyachi Unitek Corp., Mobius Photonics Inc., Nufern Inc., Nuphoton Technologies Inc., Prima Electro North America LLC, PolarOnyx Inc., and Raycus Fiber Laser Technologies Co. Ltd.
FIBER LASER MARKET KEY BENEFITS
- The report provides an in-depth analysis of the global fiber laser market share and future estimations, in terms of value, from 2014 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.
- A thorough analysis on different subtypes under ultrafast and visible fiber laser is presented.
- High Power application is further analyzed with various niche applications.
- Key factors that drive and impede the growth of the market is comprehensively analyzed in this study.
- The report includes key strategies adopted by companies to gain traction in the market.
- Micro-level analysis is conducted based on type, application, and region.
- The report thoroughly analyzes each segmentation of fiber laser at country level.
FIBER LASER MARKET KEY SEGMENTS
The fiber laser market is segmented on the basis of type, application, and geography.
FIBER LASER MARKET BY TYPE
Infrared Fiber Laser
Ultraviolet Fiber Laser
Ultrafast Fiber Laser
Picosecond Fiber Laser
Femtosecond Fiber Laser
Visible Fiber Laser
Quasi-CW Green Fiber Laser
Nanosecond Fiber Laser
FIBER LASER MARKET BY APPLICATION
- High Power
Flat Sheet Cutting
Welding & Other
Car Body Scanner Welding
Car Body Seam Welding/Brazing
FIBER LASER MARKET BY GEOGRAPHY
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
OTHER MARKET PLAYERS IN VALUE CHAIN
3S Photonics S.A.S.
Active Fiber Systems GmbH
Calmar Laser Inc.
Clark MXR Inc.
EKSPLA, ELUXI Ltd.
Furukawa Electric Co. Ltd.
GSI Group Inc.
IMRA America Inc.
JDS Uniphase Corp.
Maxphotonics Co. Ltd.
Mitsubishi Cable Industries Ltd.
Miyachi Unitek Corp.
Mobius Photonics Inc.
Nuphoton Technologies Inc.
Prima Electro North America LLC
Raycus Fiber Laser Technologies Co. Ltd.