Global Fiber Laser Market: Overview
A fiber laser is an optical laser that is debilitated with sparse earth elements such as holmium, praseodymium, neodymium, erbium, thulium, dysprosium, and ytterbium. The fiber lasers are linked with the fiber amplifiers that are doped which exclude lasting and provide light amplification. Stimulated Raman scattering or four wave mixing are the nonlinearities of the fiber that provides gain and aids as the gain media for the fiber lasers. These fiber lasers have long optical fibers that comprise high thermal features. Designs of these fiber lasers are efficient, reliable, and compact as compared to other conventional lasers. They provide high efficiency, cost effectiveness, vibrational stability, compact size, and need low maintenance; thus, owing to these benefits they are used in various applications.
Global Fiber Laser Market: Segmentation
The fiber laser market is globally segmented into its type, application, and region. On the basis of type, the global market is segregated into infrared fiber laser, ultrafast fiber laser, ultraviolet fiber laser, and visible fiber laser. Based on the application, the market is categorized into marking, micro processing, high power, and fine processing. The geographical segmentation of the fiber laser market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.
Global Fiber Laser Market: Growth Factors
The global fiber laser market will witness a considerable progress in the coming years due to the research and development activities and the technological advancements that are being carried out in this field. The factors that attribute to its wide application in the different industrial sectors include its high beam quality, eco-friendly nature, and low cost. The recent trend of green manufacturing and the rising awareness about the overall impact of the material processors on the environment, various industries have started adopting fiber lasers for marking and cutting applications. The introduction and the evolution of the fiber lasers such as ultra fast and ribbon core and the increased rise in the use of microscopy applications, surface treatment, optical pumping, 3D micro milling, defense, scribing, blind hole machining and micro-cutting contribute to the growth of the global fiber laser market.
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Global Fiber Laser Market: Regional Analysis
The most promising regional market of the fiber laser is Asia Pacific region. The factor that attributes the market growth is the wide adoption of the fiber lasers in various applications of the industrial sector. Other factors that are contributing to the market growth in the Asia-Pacific region are the low labor cost and the availability of the raw materials that too in low cost acts favorable to the market players. The other developed regions such as North America and Europe are also showing good market growth as fiber lasers are becoming ubiquitous.
Global Fiber Laser Market: Competitive Players
Some of the major companies in the fiber laser market include Amonics Ltd., Coherent Inc., Jenoptik Laser GmbH., NKT Photonics A/S, Toptica Photonics AG, Active Fiber Systems GmbH., Calmar Laser Inc., Eluxi Ltd., Furukawa Electric Co. Ltd., Apollo Instruments Inc., IPG Photonics Corporation, Keopsys Group, Quantel Group, Rofin-Sinar Technologies Inc., Newport Corp., 3S Photonics S.A.S., Trumpf Inc., Advalue Photonics, Clark MXR Inc., and Eolite Systems.