The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Fiber Laser Market Overview
The global Fibre Laser Market was worth $3.6 billion in 2021 and is expected to reach $9.7 billion by 2030, increasing at an 11% CAGR from 2023 to 2030.
The global Fiber Laser market is expected to witness significant growth over the forecast period. Fiber Laser is extremely powerful, reliable, and stable as compared to other types of lasers. It provides high beam quality along with high optical and electrical efficiency. It is compact and portable hence, relatively easier to use. In addition, users can select the wavelengths and have precise beam control with a fiber laser. Due to all the aforementioned super properties of fiber laser, it has a high demand. Eventually, it boosts the market’s development in near future.
Additionally, manufacturers in the Fiber Laser market are highly investing in the research and development to find new and innovative techniques to develop Fiber Laser. Besides this, the increasing number of manufacturers along with the product variation will support the expansion of the Fiber Laser market in the forthcoming years.
On the downside, factors such as reduced cutting speed while processing thicker materials and undesired pulse pedestals & non-linear optical effects are hampering the growth of the market.
Fiber Laser Market Segment Overview
According to the application, the material processing segment holds the largest share in the fiber laser market. High beam quality and high energy efficiency for material processing utilities such as welding, cutting, and etching are propelling the growth of this segment. Moreover, Fiber Lasers are largely adopted for marking application, which includes barcodes and traceable labels, diamond industry, scientific research, semi-conductor industries, and 3D printing.
Furthermore, Fiber laser technology is catching more attention due to its numerous applications in various sectors such as micromachining, medical sciences, telecommunications, automotive, electronics, and manufacturing. Therefore, its potential as a substitute for solid-state lasers in industrial and technological applications will be significantly contributing to the growth of the Fiber Laser market in the next few years.
Fiber Laser Market Market Regional Overview
Region-wise, Asia-Pacific is expected to witness significant growth in the future. This is due to the increasing demand for Fiber Lasers in the electronics and automotive industry. In addition, this region represents remarkable opportunities for venture entrepreneurs and investors, because the developed markets are comparatively saturated.
Fiber Laser Market Competitor overview
· In May 2017, Lantek, leaders in management software solutions for the sheet metal industry has signed a partnership agreement with Turkish fiber laser manufacturer Nukon to supply Lantek software with its machines worldwide. Nukon’s range of fiber laser machines is available in power levels up to 6kW and has an option for linear drives which gives an acceleration of up to 3G.
Fiber Laser Market, Key Players
· TRUMPF GmbH & Co KG
· NKT Photonics A/S
· Coherent, Inc.
· Apollo Instruments, Inc.
· Amonics Ltd.
· IPG Photonics Corporation
· Jenoptik Laser GmbH
· CY Laser SRL
· Quantel Group
· Toptica Photonics AG.
· O.R. Lasertechnologie GmbH
· Sigma Mechatronics Pvt. Ltd.
· SPI Lasers Limited
Fiber Laser Market Segmentation
Fiber Laser Market, By Type
· Infrared Fiber Laser
· Ultraviolet Fiber Laser
· Ultrafast Fiber Laser
· Visible Fiber Laser
Fiber Laser Market, By Application
· Marking
· Material processing
· Fine Processing
· Micro Processing
· Other
Fiber Laser Market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Infrared Fiber Laser
- 5.2.2. Ultraviolet Fiber Laser
- 5.2.3. Ultrafast Fiber Laser
- 5.2.4. Visible Fiber Laser
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Marking
- 5.3.2. Material processing
- 5.3.3. Fine Processing
- 5.3.4. Micro Processing
- 5.3.5. Other
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Infrared Fiber Laser
- 6.2.2. Ultraviolet Fiber Laser
- 6.2.3. Ultrafast Fiber Laser
- 6.2.4. Visible Fiber Laser
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Marking
- 6.3.2. Material processing
- 6.3.3. Fine Processing
- 6.3.4. Micro Processing
- 6.3.5. Other
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Infrared Fiber Laser
- 7.2.2. Ultraviolet Fiber Laser
- 7.2.3. Ultrafast Fiber Laser
- 7.2.4. Visible Fiber Laser
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Marking
- 7.3.2. Material processing
- 7.3.3. Fine Processing
- 7.3.4. Micro Processing
- 7.3.5. Other
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Infrared Fiber Laser
- 8.2.2. Ultraviolet Fiber Laser
- 8.2.3. Ultrafast Fiber Laser
- 8.2.4. Visible Fiber Laser
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Marking
- 8.3.2. Material processing
- 8.3.3. Fine Processing
- 8.3.4. Micro Processing
- 8.3.5. Other
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Infrared Fiber Laser
- 9.2.2. Ultraviolet Fiber Laser
- 9.2.3. Ultrafast Fiber Laser
- 9.2.4. Visible Fiber Laser
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Marking
- 9.3.2. Material processing
- 9.3.3. Fine Processing
- 9.3.4. Micro Processing
- 9.3.5. Other
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Fiber Laser Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Infrared Fiber Laser
- 10.2.2. Ultraviolet Fiber Laser
- 10.2.3. Ultrafast Fiber Laser
- 10.2.4. Visible Fiber Laser
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Marking
- 10.3.2. Material processing
- 10.3.3. Fine Processing
- 10.3.4. Micro Processing
- 10.3.5. Other
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. TRUMPF GmbH & Co KG
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. NKT Photonics A/S
- 11.6. Coherent, Inc.
- 11.7. Apollo Instruments, Inc.
- 11.8. Amonics Ltd.
- 11.9. IPG Photonics Corporation
- 11.10. Jenoptik Laser GmbH
- 11.11. CY Laser SRL
- 11.12. Quantel Group
- 11.13. Toptica Photonics AG.
- 11.14. O.R. Lasertechnologie GmbH
- 11.15. Sigma Mechatronics Pvt. Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
