Global Fiber Laser Market USD XXX Billion by 2027.Global Fiber Laser Market reached USD XXX Billion in 2020. The Global Fiber Laser Market tends to grow by a CAGR of XX% in the 2021-2027 period.
Fiber laser is a kind of laser that includes optical fiber lubricated with special elements as the active gain medium. The elements used for lubricating can be ytterbium, thulium, erbium, etc. The surge in demand from the medical industry is the major driving factor to this market, as this device provides higher performance with accuracy. Increasing number of surgical operations is also a trending factor helping this market to grow. Growing end-uses including material processing, micro-cutting application, surface treatment, and others are creating opportunities for the players in this market. High laser cost is one factor restraining the growth of this market. Among all types, continuous-wave fiber laser is dominating the market owing to the high effectiveness against reflective metals. In 2020, LVD, one of the players in this market, launched Taurus, the largest format fiber laser cutting machine manufactured for extra-large metal sheet cutting capacity.

The key regions covered in the global Fiber Laser market are North America, Latin America, Europe, Asia Pacific, and the ROW. The Asia Pacific accounted for the largest market share and it is estimated to grow in the forecasted period owing to the growing use of fiber lasers for various applications, and the increasing set-up of large-scale manufacturing plants.

Major market players included in this report are:
TRUMPF GmbH + Co. KG
Maxphotonics Co. Ltd.
Coherent Inc.
Newport Corporation
Wuhan Raycus Fiber Laser Technologies Co. Ltd.
Lumentum Operations LLC
Fanuc Corporation
Furukawa Electric Co. Ltd.
Keopsys S.A.
Fujikura Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Laser Type:
Continuous Wave Lasers
Pulsed Lasers
Quasi Continuous Wave Laser
By Application:
High Power Cutting and Welding
Marking
Fine Processing
Micro Processing
By Region:
North America
The U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Fiber Laser Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors