Fiber Laser Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The fiber laser market size is projected to reach US$ 6.53 billion by 2031 from US$ 2.81 billion in 2023. The market is expected to register a CAGR of 11.1% during 2023–2031. Miniaturization portability, and green manufacturing are likely to remain a key trend in the market.

Fiber Laser Market Analysis

Applications for ultra-hard material-cutting machines are expanding in a number of industries, including semiconductors and electronics, mining, and defense. The ultra-hard cutting machine's integration of cutting-edge technologies, like fiber lasers, has made this possible. Fiber laser technologies are anticipated to find extraordinarily high preference after their price falls down via product development and more market competitiveness. Fiber laser technologies are recognized to be roughly thirty times speedier than electrical discharge machines.

Fiber Laser Market Overview

In the present world, fiber lasers are widely used. They are frequently used in industrial settings to carry out cutting, marking, welding, cleaning, texturing, drilling, and many other tasks because of the various wavelengths they can produce. They are also employed in other industries including healthcare and telecommunication. There are numerous applications for fiber lasers in the manufacturing sector. CW fiber lasers with low to no maintenance requirements are ideal for specific heavy industry applications where efficiency and speed are especially crucial. For example, CW lasers are perfect for laser cutting, laser drilling, and laser welding. An ideal instrument for highly specialized cuts in complex shapes is a pulsed fiber laser. Such applications are driving the market growth.

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Fiber Laser Market: Strategic Insights

Fiber Laser Market

• 
  CAGR (2023 - 2031)

  11.1%
• Market Size 2023
  US$ 2.81 Billion
• Market Size 2031
  US$ 6.53 Billion

Market Dynamics

GROWTH DRIVERS

• Rising demand for precision manufacturing
• Advancements in fiber laser technology

FUTURE TRENDS

• Miniaturization, portability, green manufacturing

OPPORTUNITIES

• Rising Applications in the Automotive Industry

Key Players

• Active Fiber Systems GmbH
• IPG Photonics Corporation
• Fujikura Ltd
• Convergent Photonics
• Coherent Inc
• Jenoptik AG
• Maxphotonics Co Ltd
• nLIGHT Inc
• TRUMPF GmbH Co KG
• Wuhan Raycus Fiber Laser Technologies Co Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Infrared Fiber Laser
• Ultraviolet Fiber Laser
• Ultrafast Fiber Laser
• Visible Fiber Laser

Application

• High Power Cutting & Welding
• Marking
• Fine Processing
• Micro Processing

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Fiber Laser Market Drivers and Opportunities

Rising Demand for Precision Manufacturing to Favor the Market

Fine feature micromachining is now a crucial component of high-volume manufacturing in a variety of industries, including consumer electronics, medical devices, and automotive. Conversely, fiber lasers have emerged as the industry standard for laser marking and macro processing. The manufacturing landscape has changed as a result of laser cutting, which gives companies greater flexibility, speed, and precision. With the continuous advancement of technology, laser cutting is expected to have a bigger impact on how manufacturing and innovation are done in the future.

Rising Applications in the Automotive Industry

In terms of making accurate, high-quality cuts, the employment of laser cutters in the automotive industry has generally been viewed as effective. A multitude of materials can be quickly and effectively sliced with laser cutters. Better manufacturing times and lower costs result from this. In addition, they provide more uniformity and accuracy than conventional cutting techniques, which can lower the amount of mistakes and flaws in the finished product. Since precise cuts enable the effective use of raw materials, the use of laser cutters can also help to minimize material waste. Because of their small size, fiber laser cutters may be easily integrated into current production processes and take up less floor area.

Fiber Laser Market Report Segmentation Analysis

Key segments that contributed to the derivation of the fiber laser market analysis are type and application.

• Based on the type, the fiber laser market is divided into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. The infrared fiber laser segment held the largest share in 2023.
• Based on the application, the market is divided into high-power cutting & welding, marking, fine processing, and micro-processing.

Fiber Laser Market Share Analysis by Geography

The geographic scope of the fiber laser market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific holds a significant share of the fiber laser market in 2023. The region has a major manufacturing hub and a well-established automotive industry. Fiber lasers find major applications in these industries for precision manufacturing, thus driving the growth in the region.

Fiber Laser Market Report Scope

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Fiber Laser Market News and Recent Developments

The fiber laser market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the fiber laser market are listed below:

• High-tech company TRUMPF has acquired an 80 percent stake in Active Fiber Systems GmbH (AFS), a company based in Jena, Germany, that specializes in fiber lasers. AFS develops and manufactures ultrashort-pulse laser systems and fiber-laser systems used primarily in science and research. In addition to basic research, its areas of application include the generation of extremely short-wavelength light with high coherence, biomedical imaging and material processing. (Source: TRUMPF, Press Release, February 2022)
• IPG Photonics Corporation (NASDAQ: IPGP), the world leader in fiber laser technology, will highlight new and innovative laser solutions at The Battery Show from September 12-14, 2023, in Novi, Michigan, USA. IPG will introduce a new Adjustable Mode Beam (AMB) laser source capable of achieving a 3 kW single-mode laser beam in the core. An industry first, this increase in single-mode power offers unprecedented speed and productivity improvements for battery welding with spatter-free welding speeds up to 2X faster than possible with lower core powers. (Source: IPG Photonics Corporation, Press Release, August 2023)

Fiber Laser Market Report Coverage and Deliverables

The “Fiber Laser Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Fiber laser market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Fiber laser market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Fiber laser market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the fiber laser market
• Detailed company profiles