Fiber Laser Market Share, Analysis, and Growth by 2028
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