Lucintel’s latest market report analyzed that fiber laser provides attractive opportunities in material processing, instrumentation & measurement, and other applications. The fiber laser market is expected to reach $5.1 billion by 2025 with a CAGR of 10.3%. In this market, ultrafast is the largest segment by product type, whereas material processing is largest by application. The emergence of ribbon core fibers, development of eco-friendly technology, and introduction of fiber laser in LIDAR in autonomous vehicles provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/fiber-laser-market.aspx Based on product type, the fiber laser market is segmented into infrared, ultraviolet, ultrafast, and visible. The ultrafast segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its excellent features, such as compact size, high beam quality, wall plug efficiency, and reliability.
Browse in-depth TOC on “Fiber Laser Market”
59 – Tables
72 – Figures
255 – Pages
The fiber laser market is marked by the presence of several big and small players. Some of the prominent players offering fiber laser include IPG, Coherent Inc., Jenoptic Group, TRUMF, Keopsys Group, and NKT Photonics.
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