Nowadays, fiber laser technology is attracting more attention due to several users of this technology in the field of micromachining, biology, and medical sciences or telecommunications and its potential as a substitute for solid-state lasers in industrial and technological applications. The fiber laser is widely used over other lasers such as CO2 laser technology in industries because of high output power, high optical quality, compact size, and reliability. The fiber lasers are used for many applications such as laser marking, laser cutting, laser welding, laser engraving, laser ablation, and laser drilling. For example, in November 2019, nLIGHT, Inc. launched fiber laser for welding applications – a portfolio of fiber lasers from 3 kW to 15 kW with an integrated fiber coupler or beam switch optimized for welding, cladding, and robotic applications. Fiber lasers are less sensitive, and they can work in harsh environments better than other laser technologies. The fiber laser machine can work on a much wider variety of materials, including all metals, wood, leather, stone, ceramic, plastics, and glass with high quality results on reflective and hard surfaces. Also, the machines usually produce low heat; hence, they do not damage the materials the user is working on.
Factors such as increased production in the automotive sector and growth of 3D printing technology are influencing the market growth. However, the lower cutting speed when processing thicker materials, is restraining the fiber laser market growth. Moreover, increase in requirement for cutting applications, surge in demand from various industries, and emergence of industrial automation are the other factors contributing toward the market growth. Also, the rise of industrial automation, coupled with the advent of new technologies such as computer numerical control (CNC), computer-aided manufacturing (CAM), and fiber laser technology, is subsequently fueling the adoption of fiber lasers in multiple industries.
Maxphotonics Co,.Ltd; Wuhan Raycus Fiber Laser Technologies Co., Ltd.; IPG Photonics Corporation; TRUMPF GmbH + Co. KG; and Coherent, Inc. – Prominent Market Participants in Fiber Laser Market
Maxphotonics Co,.Ltd; Wuhan Raycus Fiber Laser Technologies Co., Ltd.; IPG Photonics Corporation; TRUMPF GmbH + Co. KG; and Coherent, Inc. are some of the key market players operating in the global fiber laser market. The listing of key players is derived by considering multiple factors such as overall revenue, current fiber laser product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the fiber laser ecosystems which were studies analyzed during the course of this market research study, such as, Active Fiber Systems GmbH; Fujikura Ltd.; Convergent Photonics; Jenoptik AG; and nLIGHT, Inc. among others.
Most of the market initiatives were observed in Asia Pacific (APAC) region, which has a high potential for fiber laser providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | Maxphotonics Co,.Ltd had launched new MOPA pulsed M series. These are widely used in marking, engraving, cleaning, precision cutting/welding, etc., and has played a vital role in the upgrading and development of manufacturing. | APAC |
| 2016 | Fujikura Ltd. had launched a new air-cooled 500W single-mode CW fiber laser. This CW fiber laser has its application in micro-welding of electronic components & connecting parts, welding of sheet metal & non-metal, additive manufacturing, processing of highly reflective materials such as copper & aluminum, and Surface processing. | APAC |
