Fiber Laser Market Research, 2032
The global fiber laser market was valued at $3.3 billion in 2022, and is projected to reach $9.2 billion by 2032, growing at a CAGR of 11% from 2023 to 2032.
Report key highlighters:
- The report outlines the current fiber laser market trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The global fiber laser market has been analyzed in terms of value ($ Billion). The analysis in the report is provided on the basis of type, application, 4 major regions, and more than 15 countries.
- The fiber laser market is consolidated in nature with few players such as AMONICS LTD, TRUMPF, COHERENT CORP., QUANTEL GROUP, IPG PHOTONICS CORPORATION, NKT PHOTONICS A/S, TOPTICA PHOTONICS AG, CY LASER SRL, APOLLO INSTRUMENTS, INC, and JENOPTIK GROUP, which hold significant share of the market.
- The report proivdes strategy planning and industry dynamics to enhance decision making for existing market players and new entrants entering the fiber laser industry.
- Countries such as China, U.S., India, Germany, and Brazil hold a significant share in the global fiber laser market.
A fiber laser is a solid-state laser that generates a high-intensity laser beam through the process of stimulated emission. The laser utilizes an optical fiber as the gain medium or the source of laser light amplification. The core of a fiber laser consists of a specially designed optical fiber, often doped with rare-earth elements such as erbium, ytterbium, or neodymium. These dopants provide the necessary energy levels for the laser to operate. The fiber is surrounded by a cladding layer that helps confine and guide the light within the core.
The unique properties of fiber lasers offer several advantages over other types of lasers. For instance, it can achieve high power output while maintaining good beam quality and waveguide structure. In addition, fiber lasers are known for their high efficiency, reliability, and compact size. They can be easily integrated into various systems, making them popular in industrial applications such as material processing, laser cutting, welding, marking, and telecommunications.
Fiber lasers have found applications in the healthcare sector for surgical procedures, medical diagnostics, and cosmetic treatments. Additionally, the growing demand for high-speed and high-capacity communication networks has led to the increased adoption of fiber lasers in the telecommunications industry for optical fiber amplification and signal transmission. This factor is drivng the overall demand of fiber laser market in healthcare sector.
Furthermore, they are finding applications in fields such as additive manufacturing (3D printing), medical procedures, lidar systems, telecommunications, and defense. The ability of fiber lasers to generate a wide range of wavelengths and their high beam quality make them suitable for applications. As these industries continue to grow, the demand for fiber lasers is expected to increase simultaneously, thus fostering the growth of the global market.
However, fiber lasers are sensitive to contamination, particularly within the fiber optic delivery system. Dust, debris, or even slight damage to the fiber can affect the laser performance and beam quality. Thus, regular cleaning and maintenance are necessary to ensure optimal performance, which is expected to hamper the market growth.
On the contrary, the global shift toward electric vehicles is anticipated to offer remunerative opportunities for the expansion of the global fiber laser market during the forecast period. In addition, fiber lasers are used in various stages of electric vehicle production, including battery manufacturing, welding of components, and cutting of lightweight materials. The projected growth of the electric vehicle market will drive the demand for fiber lasers.
The global fiber laser market is segmented into type, application, and region. On the basis of type, the market is categorized into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. By application, it is segregated high-power, marking, fine processing, and micro processing. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The Asia-Pacific fiber laser market size is projected to grow at the highest CAGR of 11.3% during the forecast period and account for 44% of fiber laser market share in 2022. China has emerged as a global manufacturing powerhouse. The country has a strong presence in industries such as automotive, electronics, machinery, aerospace, and metal fabrication. These industries heavily rely on advanced laser technologies for various applications. Fiber lasers, with their high precision, fast processing speeds, and versatility, have become a preferred choice for manufacturers in China. The robust manufacturing sector in China has significantly contributed to the growth of the fiber laser market.
With a growing middle class population and increasing disposable income, the demand for high-quality products is expected to increase in India. The automotive, electronics, and consumer goods sectors, in particular, require advanced manufacturing technologies to meet the quality standards and production requirements. Fiber lasers offer high precision, fine control, and the ability to work with a wide range of materials, making them essential tools for achieving the desired quality. In addition, surge in demand for high-quality products is driving the adoption of fiber lasers in India.
By type, the ultrafast fiber laser segment dominated the global market in 2022, and is anticipated to grow at a CAGR of 11.2% during forecast period. Ultrafast fiber lasers play a crucial role in semiconductor manufacturing processes. It is used in applications such as micromachining, wafer inspection, and defect analysis. Ultrafast lasers can accurately remove thin layers, create microstructures, and detect minute defects on semiconductor surfaces. Overall ultrafast fiber lasers are versatile tools with applications in scientific research, materials processing, biomedical imaging, optical communication, semiconductor manufacturing, metrology, and spectroscopy. Their unique capabilities in delivering ultrashort pulses of light make them invaluable for studying ultrafast phenomena and performing precision operations in various fields. These factors together drive the overall market growth.
In 2022, the high power segment was the largest revenue generator, and is anticipated to grow at a CAGR of 11.5% during the forecast period. This is due to the fact that, high-power finds a wide range of applications in various end-use industries such as, automotive, aerospace, electronics, medical devices, jewelry, and packaging. Furthermore, surge in consumer demand for electronic gadgets, rise in disposable income, and well-established manufacturing units have enhanced the overall demand for high-power marking fiber lasers in the electronics industry. In addition, high-power marking is used to engrave or etch permanent markings on electrical components, such as connectors, switches, and enclosures. These marks may include part numbers, ratings, safety symbols, and compliance markings for regulatory purposes. This factor is projected to drive the market during the forecast period.
Moreover, the demand for battery has increased considerably in the recent years due to the factors such as widespread use of portable electronics, rise in popularity of electronics vehicles, and integration of renewable energy sources have spurred the demand for high-power marking fiber lasers. It has been used to mark essential information on batteries, such as capacity, voltage ratings, safety symbols, and manufacturer details. These marks aid in battery identification, proper usage, and compliance with safety standards. These supporting factors are responsible for the growth of the high-power marking system segment.
The global fiber laser market report profiles leading players that include Amonics Ltd, TRUMPF GmbH, Coherent, Inc., Quantel Group, IPG Photonics Corporation, NKT Photonics A/S, TOPTICA Photonics AG, Jenoptik Group, CY Laser SRL, and Apollo Instruments, Inc. The global fiber laser market report provides in-depth competitive analysis as well as profiles of these major players.
Key Recent Development:
In January 2023, IPG Photonics launched three deep ultraviolet (Deep UV) lasers with its proprietary non-linear crystals providing more robust and flexible solutions over lasers using conventional frequency conversion materials for micromachining application. This strategic product launch is projected to increase the IPG Photonics’ sale for fiber laser.
In May 2022, Yamazaki Mazak, leading machine tool builder, has launched “FG-400 NEO”, a 3D fiber laser cutting machine for steel products worldwide. The FG-400 NEO is equipped with an energy-efficient fiber laser oscillator that offers high productivity and energy conversion efficiency. This new product is also capable of cutting highly reflective materials such as aluminum, brass, and copper. This strategic product launch has enhanced the Mazak’s potential sales for fiber laser in Japan.
Russia/Ukraine War Impact:
The war between Russia and Ukraine has the potential to strain geopolitical relations and lead to trade restrictions and sanctions. These measures can affect the import and export of fiber laser-related products and technologies between the involved countries and their trading partners. Such restrictions could limit market access and impact the overall demand and growth of the fiber laser market.
Furthermore, fiber lasers find significant applications in the defense industry, including laser weapons, target acquisition, and laser guidance systems. In a war scenario, there has been increased demand for defense-related technologies, including fiber lasers, as countries look to enhance their military capabilities. This could potentially create new opportunities for fiber laser manufacturers supplying the defense sector during the war.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fiber laser market analysis from 2022 to 2032 to identify the prevailing fiber laser market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fiber laser market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fiber laser market trends, key players, market segments, application areas, and market growth strategies.
Fiber Laser Market Report Highlights
Market Size By 2032
USD 9.2 billion
CAGR of 11%
2022 - 2032
Key Market Players
Apollo Instruments, Inc, Jenoptik Group, Toptica Photonics AG, Amonics Ltd, IPG Photonics Corporation, NKT Photonics A/S, Coherent Corp., Quantel Group, TRUMPF, CY Laser SRL
According to the insights of the CXOs of leading companies, fiber lasers are gaining high traction in biomedical, electronics, defense & aerospace, manufacturing, and industrial sectors. Fiber laser possesses various properties such as high efficiency, high-quality laser beam, fast processing speed, reliability, and longevity due to which it has been widely used in various end-use industries.
Fiber lasers are valuable tools in research and development laboratories. They are used for scientific investigations, material characterization, spectroscopy, and other research applications. The versatility, high beam quality, and reliability of fiber lasers make them suitable for various scientific and experimental purposes. Furthermore, fiber lasers can be used for microprocessing applications that require extremely high precision and small feature sizes. These applications include micro-drilling, micro-cutting, micro-machining, and micro structuring of materials. Fiber lasers enable the production of intricate patterns and microscale components used in electronics, medical devices, microfluidics, and other precision industries.