According to AMR report, the global fiber laser market is expected to reach $3,113 million by 2022 from $1,443 million in 2015.
Portland, OR -- (SBWIRE) -- 09/05/2017 -- Allied Market Research published a detailed report on the global fiber laser market for the forecast period 2014–2022. The report gives a comprehensive analysis of the opportunities available for scaling the market globally, top impacting factors, the major factors that contribute to the growth of the market, and also the limiting factors affecting the fiber laser market. According to the report, the global fiber laser market is expected to reach $3,113 million by 2022 from $1,443 million in 2015. It is expected to exhibit a compound annual growth rate of 11.7% in the forecast period. The traditional methods of chemical etching and ink based printing are making way for the fiber lasers which provide energy efficient and automated solutions, thus increasing the efficiency and accuracy.
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Porter's Five Forces model analyzes the influence of the buyers, suppliers, substitutes, new products, and the intensity of competitive rivalry among the key players in the market. The report attributes the growth of the market to the eco-friendly technology used in fiber lasers. The advancement in technology has led to a higher beam quality at a lower cost of ownership. With an increase in the emergence of green manufacturing and the growing concerns about the harmful effects on the environment, there has been a rapid growth in the fiber laser market. However, the fiber lasers have a lower power of penetration, due to which they cannot cut thicker material at high speeds. Another restraining factor is the undesirable pulse pedestals and the nonlinear optical effects caused by the fiber lasers. There is a great potential for growth of the market in the automobile sector. The mobile electronic industry is another area which offers opportunities for the future investors and key players in the market.
The global fiber laser market is segmented based on the type, application, and the geography. The types of fiber lasers available are the infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser which includes picosecond and femtosecond fiber lasers, and the visible fiber laser consisting of quasi-CW green fiber laser and nanosecond fiber laser. The fiber laser finds applications in high power operations such as cutting, welding, and others, marking, fine processing, and micro processing. Due to the cost-effective cutting and brazing, the high-power application is expected to grow at a compound annual growth rate of 15.4%. Fiber lasers can be used for 3D cutting and cutting of flat sheets and tubes. In welding operations, fiber lasers are used for power trains, tube welding, car body scanner welding, and car body seam welding/brazing. The report analyzes the presence of the market across the globe in the regions of North America, Europe, Asia-Pacific, and LAMEA.
The prominent players in the global fiber laser market are Amonics Ltd., Apollo Instruments, Inc., Coherent, Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, Keopsys Group, NKT Photonics A/S, Quantel Group, Rofin-Sinar Technologies, Inc., and Toptica Photonics AG. The report has profiled the key players and their winning strategies, expertise in operating in different business segments, and their business performance and developments during 2014–2022 are covered extensively in the report.
Key Points to be considered
- The report provides information about the factors affecting the dynamics of the market such as key driving factors, restraints, and growth opportunities.
- The report presents a qualitative and qualitative analysis to give a deeper understanding of the market.
- In 2015, the global fiber laser market was dominated by the ultrafast fiber laser segment.
- More than two-thirds of the market revenue was collectively contributed by Asia-Pacific and North America.
- Tube cutting application is anticipated to grow at the highest CAGR of 16.7% during the forecast period 2014–2022.
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