Fiber Laser Market

Fiber Laser Market: Elevating Frequency of Conventional Laser Replacements in Material Processing Applications to Support Growth: Global Industry Analysis 2013 - 2018 and Opportunity Assessment, 2019 - 2027

  • 2018-12-21
  • REP-GB-8174
  • 145 pages
  • PDF PPT EXCEL
Fiber Laser Market

An Incisive, In-depth Analysis on the Fiber Laser Market

This study offers a comprehensive, 360 degree analysis on the Fiber Laser market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fiber Laser market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The report covers comprehensive information about the fiber laser market dynamics, volume (Units) and value (US$ Mn) projections, recent developments and competitive landscape for the study period 2019 to 2027.

The global fiber laser market is expected to reach over US$ 5,179.1 Mn by the end of the forecast period, witnessing a value CAGR of 10.0%. Moreover, according to FMI analysis, in terms of volume, the global fiber laser market is estimated to reach 62,794 Units by 2018 end and is anticipated to reach 144,554 Units by 2027, exhibiting a CAGR of 9.8% over the forecast period.

Positive Outlook of the Automotive Industry, strongly backed by the Rise of Electric Vehicles

The rise of electric and hybrid vehicles has substantially increased the utilization of new techniques for welding, cutting, and other material processing applications. Fiber laser, being at the forefront in terms of adoption rate across the automotive industry, is likely to witness substantial growth in the coming years.

Reliability and Improved Productivity of Fiber Lasers enhance Market Size

Aerospace and automotive manufacturers are increasingly shifting to fiber lasers to tackle manufacturing challenges. Given the fact that where precision is important, fiber lasers are stable and reliable equipment as they offer the finest beam quality for material processing applications.

A compared to traditional manufacturing processes such as conventional laser welding (gas and solid-state) or resistance spot welding, fiber lasers offer improved energy efficiency, lower maintenance requirements, smaller machine footprint, faster cycle times for high-volume production and improved machine lifetime. Consequently, in fiber laser processes, speed can be maximized whilst material costs and operation costs are minimized.

High-Power Fiber Lasers to witness Notable Growth and Adoption Rate

Heightened use of sheet metal in various end-use industries such as aerospace and automotive especially in design and manufacturing of lightweight automotive body panels is anticipated to augment the sales of fiber lasers. Fiber lasers are widely used in sheet metal cutting applications as a consequence of their unparalleled combination of precision, productivity and cost-effectiveness. Fiber lasers with a power range of 2kW to 6kW have become mainstays for many fabrication and manufacturing sites, offering precise and faster cutting of thin metal as compared to conventional cutting technologies such as carbon dioxide (CO2) lasers, laser welding equipment and plasma torches.

“Made in China 2025” – Manufacturing Strategy in China to Pave Way for Fiber Laser Market Growth

Fiber laser metal cutting, a key component in the fabricated metal product segment of manufacturing used across China, is a key contributor in a country’s Gross Domestic Product (GDP). The high popularity of fiber lasers, specifically in metal cutting applications, is foreseen to encourage the demand for these lasers. Importantly, high growth rates in welding applications have also been adding to the increase in fiber laser revenue.

A wide range of companies participate in the value chain of the fiber laser market, and prominent processing system manufacturers such as Coerent Inc. and Trumpf have been quick to acquire companies along the value chain to ensure both innovative development and access to emerging technologies.

In the figure, FMI has presented the overall industrial laser market scenario and the fiber laser market share analysis by application.

Fiber Laser Market – Competitive Landscape

According to the analysis, the global fiber laser market is primarily consolidated and a meagre number of stakeholders held significant market shares in 2017. In the global fiber laser market, the top 5-6 players collectively account for more than 86% of the market share.

In the recent past, the fiber laser market has witnessed significant developments from a competition perspective. Acquisitions and expansion of manufacturing facilities in prominent regions such as China, ASEAN are some of the key cited strategies opted by prominent players to sustain in the global fiber laser market.

  • In 2014, Newport Corporation completed the acquisition of V-Gen Ltd., a prominent developer and manufacturer of fiber laser headquartered in Tel Aviv, Israel

  • In 2016, Coherent, Inc., one of the world's prominent providers of lasers and laser-based technology for commercial, scientific and industrial customers has completed the US$ 942 Million acquisition of Rofin-Sinar Technologies

Prominent players covered in this market study include IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co., Ltd., Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co., Ltd., Keopsys S.A., Fujikura Ltd., and NLIGHT, Inc.

Key Questions Answered in the Report

  • How has the fiber laser market evolved over the past five years?

  • What shape is the fiber laser market take, in terms of volume and value, during the study period?

  • What are some of the prevailing market dynamics in the fiber laser market?

  • What are some of the important competition developments and trends in the fiber laser market?

  • What are the underlying macro-economic and industry factors impacting the growth of the fiber laser market?

  • Which are the key opportunities, challenges, and improvement factors for the market players in the fiber laser market?

  • What are the market positioning and key strategies of key manufacturers as per the market taxonomy?

  • How is the competition structured in the fiber laser market at present and how has it evolved over the past few years?

This FMI study offers a nine-year analysis and forecast for the global fiber laser market for the period between 2018 and 2027. The study on the fiber laser market considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2019 to 2027. Compound Average Growth Rate (CAGR) in terms of both value and volume has been presented from 2019 to 2027

The fiber laser market study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison and macro-economic and industry growth analysis, along with fiber laser market segment-level projections in a comprehensive manner. As per the findings of the fiber laser market study and perspectives of industry participants, the global fiber laser market is projected to grow at a CAGR of 10.0% between 2019 and 2027 in terms of value.

The Future Market Insights report on the fiber laser market carefully analyses the market at a global and regional level through segmentation on the basis of key parameters such as laser type, output power, and application. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the fiber laser market.

Fiber lasers, as considered under the scope of the report, are monolithic devices that utilize high-power semiconductor diodes to pump an active optical fiber. Fiber laser is primarily utilized in material processing applications (such as cutting, welding, marking and engraving) and medical, communications and advanced applications.

Each section of the report is structured to facilitate the reader to develop a thorough understanding of the dynamics and behaviour of the fiber laser market. The report begins with market definitions, market taxonomy, followed by the market background, dynamics and overview. Advantages of fiber laser and market analysis by key segments, regional analysis and competition landscape have also been covered in the subsequent sections. Each section covers a qualitative and quantitative assessment of the fiber laser market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews with the key stakeholders and trends in the fiber laser market.

Fiber Laser Market: Segmentation

Laser Type

Output Power

Application

Region

  • Continuous Wave Lasers

  • Pulsed Lasers

  • Quasi Continuous Wave Laser

  • Low Power (Up to 100 Watts)

  • Medium Power (100W-2,000W)

  • High Power (More than 2,000 W)

  • Cutting

  • Welding & Other High Power Applications

  • Marking

  • Fine & Micro Processing

  • Communications and Advanced Applications

  • Medical

  • North America

  • Latin America

  • Europe

  • China

  • APAC

  • MEA

 

In the following sections of the report, market value (US$ Mn) and volume (in Units) projections for the fiber laser market on the basis of the aforementioned segments have been covered at a global level. The global fiber laser market values represented in these sections have been agglomerated by collecting data and information at a regional level. Fiber laser market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis and attractiveness analysis for each of the segments.

The next section of the report presents a summarised view of the global fiber laser market based on six prominent regions with market numbers represented for key countries considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions. The fiber laser market analysis sections cover regional trends and market projections for each segment, including Y-o-Y growth trends and market share analysis.

Aforementioned sections gauge the contemporary market scenario and growth prospects in the global fiber laser market, while the forecast presented in the sections assesses the market size in terms of volume and value.

Another crucial feature included in FMI’s comprehensive report is the analysis of all the key segments in the fiber laser market and the regional adoption, along with the revenue forecast. This is traditionally overlooked while forecasting the market.

In the last section of the report, a competitive landscape of the fiber laser market has been included to provide report audiences with a dashboard view categorised on the basis of providers present in the value chain, their presence in the fiber laser market and key differentiating factors, and strategies. The primary category of providers covered in the report includes fiber laser manufacturers, distributors and end-users.

Detailed profiles of the providers are also included in the scope of the fiber laser market report to evaluate their long- and short-term strategies, key offerings and recent developments in the fiber laser market. Examples of some of the key competitors involved in the global fiber laser market include IPG Photonics Corporation, Maxphotonics Co., Ltd , TRUMPF GmbH + Co. KG, Coherent, Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co., Ltd., Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co., Ltd., Keopsys S.A., Fujikura Ltd. and NLight, Inc.

Fiber Laser Market Reports - Table of Contents

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Harish Tiwari

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Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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