Fiber material

Global fiber laser market expected to grow at a rate of 12% through 2026

Global Fiber Lasers Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Fiber Lasers Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, United Kingdom, April 6, 2022 / — According to “Global Fiber Lasers Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, Fiber Lasers market size is expected to grow from USD 2.97 billion in 2021 to USD 3.35 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The change in fiber lasers market growth trend is mainly due to companies stabilizing their production after meeting the demand which increased exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $5.27 billion in 2026 with a CAGR of 12%. Rising disposable income is driving the growth of automotive and mobile electronics industries resulting in growth of the fiber laser market.

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The global fiber laser market consists of the sale of fiber lasers. Fiber lasers are used for welding, cutting and other material processing. A fiber integrates beam delivery and the laser cavity into a single system inside an optical fiber in which the beam is generated inside the fiber, unlike conventional lasers.

Global Fiber Laser Market Trends
New technologies such as high power fiber laser and diode laser have been introduced in the fiber laser market. With a wavelength of 800 nm, the diode laser has the deepest levels of penetration. Another new technology, the blue laser has also been introduced to the market specifically targeted for welding. Blue laser has higher power and brightness than ordinary laser. In addition, the blue laser does not generate excessive heat. These new fiber laser technologies provide more precision when welding and cutting materials.

Segments of the global fiber laser market
The global fiber laser market is segmented:
By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
By application: marking, micro processing, high power, fine processing
By end use: materials processing, healthcare, other
By Geography: The global fiber laser market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Global Fiber Lasers Market Report 2022 is part of a series of new reports from The Business Research Company that provides Fiber Lasers market overviews, analysis and forecasts of market size and growth. for the global fiber lasers market, share, segments and geographies, players, main competitor revenue, profiles and market shares. The Fiber Lasers Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

The 2022 report on the global fiber laser market by TBRC includes information on the following:

Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF and Toptica Photonics AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And more.

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About the Business Research Company
The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with detailed analysis of the impact of COVID-19 on various markets.

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