The Fiber Laser Market is Predict to reach USD 8.53 Billion by 2031, at a CAGR of 12.0%

Fiber Laser Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• IPG Photonics Corporation
• TRUMPF SE + Co. KG
• Furukawa Electric Co., Ltd.
• Coherent Corp.
• FANUC Corporation
• Fujikura Ltd.
• Lumentum Holdings, Inc.
• Jenoptik AG
• Epilog Laser Corporation
• Amonics Ltd.

Fiber Laser Market Report Segmentation

By Type

• Continuous Wave Fiber Lasers
• Pulsed Fiber Lasers
• Quasi-Continuous Wave Fiber Lasers
• Mode-Locked Fiber Lasers

By Power Output

• High Power (Above 2kW)
• Medium Power (100W-2kW)
• Low Power (Up to 100W)

By Application

• Materials Processing
• Communications & Optical Storage
• Aerospace, Defense, & Military
• Instruments & Sensors
• Medical & Aesthetic
• Entertainment, Displays, & Printing
• Other Application

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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