Albany, NY -- (SBWIRE) -- 08/10/2016 -- 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 global industrial fiber laser market to grow at a CAGR of 13.42% during the period 2016-2020. 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

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Technavio's report, 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 vendors
- Coherent
- IPG Photonics
- Rofin-Sinar Technologies
- 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

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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?

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