Fiber Laser Market
Fiber Laser Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Fiber Laser Market Size and Growth
The fiber laser market is experiencing robust growth, driven by increasing demand in manufacturing, telecommunications, and healthcare sectors. In 2023, the market is valued at approximately $3.5 billion, with forecasts indicating a compound annual growth rate (CAGR) of around 8% through 2030, reflecting technological advancements and wider adoption across industries.
Companies Covered
(Covid 19 Impact Covered)
◍ IPG Photonics
◍ Trumpf
◍ Coherent
◍ Raycus
◍ Maxphotonics
◍ nLIGHT
◍ Lumentum Operations
◍ Jenoptik
◍ EO Technics
◍ JPT Opto-electronics
◍ Fujikura
The fiber laser market is highly competitive, with major players like IPG Photonics, Trumpf, and Coherent leading innovation and production. These companies drive market growth through advanced technologies, diverse applications, and strategic collaborations. Sales revenue figures include IPG Photonics: ~$1.2 billion, Trumpf: ~$3 billion, and Coherent: ~$800 million.
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Market Segmentation
By Application
◍ High Power (Cutting, Welding & Other)
◍ Marking
◍ Fine Processing
◍ Micro Processing
By Product
◍ Continuous Wave (CW) Fiber Laser
◍ Pulsed Fiber Laser
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Market Growth
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$ 5.70 Billion
