Fiber laser Market
Posted by Nishigandha Sachin Bhushinge on January 22nd, 2020
Fiber laser Market is approximately USD XX Bn by 2026 at CAGR of about XX% during a forecast period of 2019-2026.
Innovation with respect to fiber is high beam quality, lower cost of ownership and eco-friendly The global Fiber laser market was valued USD 2 Bn in 2017 and is anticipated to reach nature. Also fiber laser is efficient, reliable, and compact as compared to conventional lasers. Fiber laser provides high efficiency, vibrational stability, compact size, cost effectiveness and need low maintenance hence driving the fiber lasers market.
Reduced cutting speed for thicker materials processing and undesired pulse pedestals & non-linear optical effects are some of the factors that restrain the market growth. Increase in automobile and mobile electronics applications of fiber laser is expected to augment the growth of the market during the forecast period. Use of microscopic utilities 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.
Based on product type fiber laser market is segmented into Ultraviolet Fiber Laser, Ultrafast Fiber Laser , Visible Fiber Laser and Infrared Fiber Laser. The Ultrafast Fiber Laser Fiber Laser segment comprises for about more than half of the market. Ultrafast Fiber Laser Fiber Laser lasers suppresses the undesired pulse pedestals and nonlinear optical effects.
Based on application fiber laser market is segmented into material processing, medical and others. Material processing holds the largest share in the fiber laser market. High beam quality and high energy efficiency for material processing utilities such as welding, cutting, and etching is fuelling growth of this segment. Fiber lasers are more being adopted for marking application, which includes barcodes and traceable labels, diamond industry, scientific research, semi-conductor industries, and 3D printing.
Geographically fiber laser market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these five territories Asia Pacific is about to register the highest growth due to its advantages like low cost, low maintenance. North America and Europe are expected to grow at a slow pace comparatively.
Key Players profiled and analyzed in the report are
For more information to visit :https://www.maximizemarketresearch.com/market-report/fiber-laser-market/13165/
Fiber Laser Market, By Product Type:
• Ultraviolet Fiber Laser
• Asia Pacific
• Amonics Ltd.
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About the AuthorNishigandha Sachin Bhushinge
Joined: December 18th, 2019
Articles Posted: 87
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