London, 20 October 2014 – According to TechNavio, a global tech-focused research firm, the Global Industrial Fiber Laser Market will post a CAGR of 21.4 percent from 2014-2018.
About the Report
The new report focuses on the industrial applications for fiber lasers, which are more reliable, efficient, robust, portable and easier to operate than other lasers like CO2 and excimer lasers.
The report also highlights the considerable amount of time and money being invested by vendors such as Coherent Inc., IPG Photonics, Newport Corp., and Rofin-Sinar Technologies in R&D for the expansion of their product portfolio.
“Vendors in this market are increasingly investing in their R&D division to provide better functionality and to meet the unsatisfied requirements of consumers. R&D investments have enabled vendors to capture a significant market share and gain a competitive edge over other vendors in the market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Adoption because of its Superior Attributes
- For a full detailed list, view our report.
Market Challenges:
- Uncertainty Regarding Lifespan of Fiber Lasers
- For a full detailed list, view our report.
Market Trends:
- Increased R&D Spending by Vendors
- For a full detailed list, view our report.
Key Vendors:
- Coherent Inc.
- IPG Photonics Corp.
- Newport Corp.
- Rofin-Sinar Technologies Inc.
Other Prominent Vendors:
- 3S Photonics
- Apollo Instruments
- Calmar Laser
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
