The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in disposable income are expected to drive innovation in fiber lasers manufacturing, thus driving the market during the forecast period.

The global fiber lasers market is expected to grow from $3.35 billion in 2022 to $3.76 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The global fiber lasers market is expected to grow to $6.01 billion in 2027 at a CAGR of 12.5%.

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Global Fiber Lasers Market Segments Include:

• By Type: Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser
• By Application: Marking, Micro Processing, High Power, Fine Processing
• By End Use: Material Processing, Healthcare: Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major Market Players in the fiber lasers market include Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S.

New technologies such as high-power fiber lasers and diode lasers have been introduced in the fiber laser market. With 800 nm wavelength, a diode laser has the deepest penetration levels. Another new technology, the blue laser has also been introduced in the market specially targeted for welding purposes. The blue laser has higher power and brightness compared to an ordinary laser. Also, a blue laser does not generate excess heat. These new technologies in fiber laser bring more precision while welding and cutting materials. Bystronic, a Switzerland-based laser company is providing all-new high-power fiber lasers and diode lasers for welding, cutting, and material processing purposes. Also, NUBURU, a US-based company invented and manufactures high-power blue laser technology.

The Fiber Lasers Global Market Report 2023  provides a fiber lasers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fiber lasers market forecast analyzes fiber lasers market size, fiber lasers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A fiber laser is a type of device that integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike conventional lasers. Fiber lasers are part of laser marking systems as they achieve high dimensional accuracy in manufactured electronic products. Fiber lasers are used for welding, cutting, and other material processing.

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