Technavio’s market research analysts estimate the global fiber laser market to grow at a CAGR of more than 16% between 2015 and 2019. The compactness, high beam quality, low cost of ownership, expected longer lifespan, high power efficiency, and superior performance of fiber lasers have increased their applications across various industries. The APAC is the largest market for semiconductors and is home to major consumer electronics manufacturers. Countries such as China, Japan, South Korea, India and Taiwan boost the demand for semiconductors such as fiber lasers, owing to rapid industrialization taking place in these nations.
The new market research report from Technavio provides a breakdown and analysis of the fiber laser segments by technology.
“The increased use of ribbon lasers is boosting this market’s growth. These lasers are equipped with ribbon cores for increasing the beam quality. The central ribbon core has a higher refractive index that helps in focusing the light, hence these lasers have gained prominence in defense activities, as they require a single-mode emission laser, which can meet extreme power requirements. Military helicopters and night jets are using these lasers for obstacle ranging and mapping applications,” says Navin Rajendra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Fiber lasers are used in many advanced applications in research and development by scientists and industrial researchers. The adoption of fiber lasers is increasing in remote sensing applications that use laser for detection of movement. The optical fiber test and measurement equipment are used to determine the changes in light caused due to environmental changes like temperature and pressure. This research report estimates the advanced application segment to grow at a health CAGR of around 15% during the forecast period.
Global fiber laser market by application
Source: Technavio Research
The leading vendors in the global fiber laser market include IPG Photonics, Rofin-Sinar Technologies, TRUMPF, Newport, and Coherent. Due to the presence of established vendors, the requirement of high initial investment, and a high level of technical expertise deters new entrants from entering this market. During the forecast period, it is estimated that fiber laser vendors will forge new partnerships to improve their market shares.
A more detailed analysis is available in the Technavio report, Global Fiber Laser Market 2015 – 2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global 3D Terrestrial Laser Scanning Market 2015-2019
- Global Medical Laser Systems Market 2015-2019
- Global Military Laser Systems Market 2015-2019
- Global Industrial Laser Market 2015-2019
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