Fiber lasers are devices, which are optically pumped and most commonly with laser diodes but in a few cases with other fiber lasers. The optics used in these systems are usually fiber components, with most or all of the components fiber-coupled to one another. In some systems, bulk optics are used, and sometimes an internal fiber-coupling system is combined with external bulk optics. Global fiber laser market was valued at $1,443 million in 2015 and is growing at a CAGR of 11.7% from 2016 to 2022 to reach $3,113 million by 2022.
Improved performance over other alternative technologies, less CO2 emission, and less power consumption drive the fiber laser market. The performance and utilization of fiber lasers continually expand with innovative progressions that give generous cost and vitality to end users when contrasted with alternate technologies. Better innovation implies fiber lasers become stronger, more effective, and more energy efficient than any time in the recent past.
The global fiber laser market is segmented on the basis of various parameters such as 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. Further on the basis of application, the market is divided into high power, marking, fine processing, and micro processing. Geographically, the global fiber laser market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Top players in the market invest huge capital in R&D activities to develop enhanced products to cater the current demand. Some of the major players in the fiber laser market are IPG Photonics Corporation, Coherent Inc., Rofin-Sinar Technologies Inc., Apollo Instruments Inc., Amonics Ltd., NKT Photonics, and Keopsys Group.
KEY MARKET SEGMENTS
The fiber laser market is segmented on the basis of type, application, and geography.
Other players in the value chain include (profiles not included in the report)
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