According to a new report, published by KBV research, The Global Fiber Laser Market size is expected to reach $8.53 billion by 2031, rising at a market growth of 12.0% CAGR during the forecast period.
A significant advantage of fiber lasers within the jewelry industry lies in their capacity to produce persistent, wear-resistant markings without the necessity of chemicals or consumables. This characteristic renders them an environmentally sustainable and economically viable alternative. Jewelers use fiber lasers for engraving serial numbers, brand logos, QR codes, and customized inscriptions, ensuring precision and consistency across multiple pieces.
The Continuous Wave Fiber Lasers segment is experiencing a CAGR of 11.3 % during the forecast period. Continuous wave (CW) fiber lasers offer high power output and stable beam quality, making them ideal for heavy-duty industrial applications, including automotive and aerospace manufacturing. Their ability to deliver a consistent laser beam over extended periods has made them the preferred choice for high-precision and high-speed metalworking operations.
The High Power (Above 2kW) segment led the maximum revenue in the Global Fiber Laser Market by Power Output in 2023, thereby, achieving a market value of $3.8 billion by 2031. The segment is growing primarily due to its extensive use in metal cutting, welding, engraving, and additive manufacturing. Industries such as automotive, aerospace, shipbuilding, and industrial machinery manufacturing have increasingly adopted fiber lasers for their high precision, efficiency, and cost-effectiveness compared to traditional cutting and welding techniques.
The Materials Processing segment is growing at a CAGR of 10.8 % during the forecast period. The segment is growing primarily due to its extensive use in metal cutting, welding, engraving, and additive manufacturing. Industries such as automotive, aerospace, shipbuilding, and industrial machinery manufacturing have increasingly adopted fiber lasers for their high precision, efficiency, and cost-effectiveness compared to traditional cutting and welding techniques.
Full Report: https://www.kbvresearch.com/fiber-laser-market/
The Asia Pacific region dominated the Global Fiber Laser Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.9 billion by 2031. The North America region is anticipated to grow at a CAGR of 11.2% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 11.5% during (2024 - 2031).
By Type
By Power Output
By Application
Unique Offerings 
