The global fiber lasers market was valued at about $2 billion in 2018. Asia-Pacific fiber lasers market accounts for the largest share in the global fiber lasers market.
The fiber laser market consists of sales of fiber lasers. Fiber lasers are used for welding, cutting and other material processing. A fiber integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike the conventional lasers.
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Fiber Lasers Market Size
The fiber lasers market is expected to grow to around $3 billion at a growth rate of around 11% through 2022. Rise in disposable income drives the growth of automobile and mobile electronics industries which results in growth of the fiber laser market.
However, nonlinear optical effects act as a restraint on the fiber laser market. Nonlinear optical effect is a phenomenon occurring due to the use of fiber laser which can lead to breakdown and damage of the material on which fiber laser is applied.
New technologies such as high-power fiber laser and diode laser have been introduced in the fiber laser market. With 800 nm wavelength, diode laser has the deepest penetration levels. Another new technology, blue laser has also been introduced in the market specially targeted for the welding purpose. Blue laser has higher power and brightness compared to ordinary laser. Also, blue laser does not generate excess heat. These new technologies in fiber laser brings in more precision while welding and cutting of materials.
Major players in the market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation and Jenoptik Laser GmbH.
Coherent, Inc is a company with headquarters located in Santa Clara, California, United States, with other sites located in the US, Europe, and Asia. It was founded in 1966 by Eugene Watson as a spin-off from laser company Spectra-Physics and converted to public ownership in 1970.
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Center for Devices and Radiological Health (CDRH) is a regulatory body in the USA regulating the fiber laser market. CDRH is responsible for manufacturing, implication, performance, and safety pertaining to fiber laser devices. CDRH checks whether the device is properly labelled and are equipped with safety equipment. CDRH oversees whether the manufacturer has provided with the correct classification of laser and whether the manufacturer has attached the warning labels on the device.
Few Points from Table of Contents:
4. Fiber Laser Market Segmentation
4.1. Global Fiber Laser Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Infrared Fiber Laser
Ultraviolet Fiber Laser
Ultrafast Fiber Laser
Visible Fiber Laser
4.2. Global Fiber Laser Market, Segmentation By Aplication, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5. Fiber Laser Market Regional And Country Analysis
5.1. Global Fiber Laser Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Fiber Laser Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Fiber Laser Market
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