Lewes, DE -- (SBWIRE) -- 09/01/2016 -- Report forecast the global industrial fiber laser market to grow at a CAGR of 13.42% during the period 2016-2020.

A fiber laser is a different form of solid-state laser that uses a medium of fiber covering instead of a shaft. The fiber in fiber lasers uses more surface area to disperse the heat quite easily. The increasing need for compact components in a variety of industries is bringing lasers into applications. Lasers help in the miniaturization process by providing a highly focused beam that can process very small components.

The report covers the present scenario and the growth prospects of the global industrial fiber laser market for 2016-2020. To calculate the market size, the report considers the sale of fiber laser units.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the key drivers for market growth will be the low cost of fiber lasers. The reason behind the growing popularity of fiber lasers among the manufacturing industry is their low cost. Fiber lasers offer the highest beam quality with the lowest price per watt. The decline in the price of fiber lasers has extended its application in several areas. Therefore, due to their low cost and easy integrability, fiber lasers are being extensively used.

Further, the report states that the shortage in supply of rare-earth elements will be a major challenge for market growth. Fiber lasers contain dopants like ytterbium and erbium that are used to emit radiation from the pump light. These dopants are categorized as rare earth elements and are widely used in technological sectors such as lasers, energy, and industrial applications such as aerospace. These sectors have been facing a shortage in the supply of these elements in recent years. Some essential laser active dopants are neodymium, yttrium, ytterbium, and thulium.

Global Industrial Fiber Laser Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global industrial fiber laser market: Coherent, IPG Photonics, Rofin-Sinar Technologies, and TRUMPF.

Market driver
- Increasing replacement of conventional lasers with fiber lasers
- For a full, detailed list, view our report

Market challenge
- Shortage in supply of rare-earth elements
- For a full, detailed list, view our report

Market trend
- Growth in 3D printing market
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 38 Exhibit "Global Industrial Fiber Laser Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Industry overview, Technology landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Assumptions.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-industrial-fiber-laser-market-2016-2020

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