Global Fiber Laser Market to Reach US$ 5.7 Billion by 2032, Propelled by the Extensive Utilization of Fiber Laser in Numerous Industry Verticals

February 10, 2023 | Electronics and Semiconductors

The latest report by IMARC, titled “Fiber Laser Market Report by Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, Visible Fiber Laser), Application (Cutting, Welding, Marking, Fine and Micro Processing, Medical, and Others), and Region 2024-2032”, finds that the global fiber laser market size reached US$ 2.8 Billion in 2023. Fiber laser refers to a variation of the standard solid-state laser that uses optical fiber doped in rare-earth elements, including erbium, thulium, holmium, and praseodymium as the active medium. The extensive utilization of rare earth elements provides a cost-effective diode laser pump source with a high-power output. On account of this, fiber lasers are reliable, compact, electrically and optically efficient, with excellent beam quality and high peak energy as compared to traditional lasers. In recent years, fiber laser has gained momentum as it offers higher precision, superior stability, and resistance to environmental disturbances due to their sealed optical path.

Global Fiber Laser Market Trends:

One of the primary factors driving the market is the extensive utilization of fiber lasers in numerous industry verticals, such as biology and medical sciences, micromachining, and telecommunications for coding and marking requirements. Additionally, the augmenting demand for the miniaturization of integrated circuits (ICs) and wafers are creating a positive market outlook. Other than this, the automotive and electrical industries are increasingly using fiber lasers as they possess a large surface-to-volume ratio that quickly dissipates thermal energy and provides enhanced efficiency. Besides this, the rising trend of green manufacturing and growing concerns among material manufacturers regarding the consequences of their products is propelling the market growth. In line with this, key players are focusing on designing automated and energy-efficient fiber laser solutions to replace conventional chemical etching and ink-based printing methods. Looking forward, IMARC Group expects the market value to reach US$ 5.7 Billion by 2032, expanding at a CAGR of 8.2% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been divided into infrared, ultraviolet, ultrafast and visible fiber lasers.
  • On the basis of the application, the market has been segmented into cutting, welding, marking, fine and micro processing, medical, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being ABB Ltd., Amonics Limited, Apollo Instruments Inc., Coherent Inc., Cy-Laser S.r.l., IPG Photonics Corporation, MKS Instruments Inc., Omron Corporation, NKT Photonics A/S, Toptica Photonics, and Trumpf GmbH Co. KG.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Amonics Limited, Apollo Instruments Inc., Coherent Inc., Cy-laser S.r.l., IPG Photonics Corporation, MKS Instruments Inc., Omron Corporation, NKT Photonics A/S, Toptica Photonics and Trumpf GmbH Co. KG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Fiber Laser Market to Reach US$ 5.7 Billion by 2032, Propelled by the Extensive Utilization of Fiber Laser in Numerous Industry Verticals
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