Competitive vendor landscape
According to the report, the global fiber laser market has high growth potential primarily because of an increase in fiber laser applications in numerous industries, such as materials processing, healthcare, military, and communication. The market is characterized by the presence of high entry barriers.
According to Navin Rajendra, a lead research analyst at Technavio for embedded systems, “Irrespective of the high entry barriers and the strong domination by IPG Photonics, new firms will look to enter the market with the help of funding from angel investors. This could affect the shares of prominent vendors to a small extent. However, with the help of strong sales and financial health, large firms can acquire new entrants and other regional players to enhance their product offerings and increase their technology capabilities.”
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IPG Photonics manufactures and supplies fiber lasers, fiber amplifiers, and diode lasers for several applications, mainly materials processing. The company's lasers and amplifiers are also used in the manufacture of commercial systems and advanced technology and product research by commercial firms and academic and government institutions. It markets its products to OEMs, system integrators, and end-users through its direct sales force, as well as through agreements with independent sales representatives and distributors across the globe.
Rofin-Sinar manufactures industrial lasers and offers products in around 70 countries across regions to OEMs, system integrators, and industrial end-users. It offers various types of lasers including CO₂, fiber, solid-state, and ultrashort pulse for industrial materials processing.
Trumpf is the North American subsidiary of Germany-based Trumpf GmbH + Co. KG, a family-owned company consisting of more than 55 subsidiaries, which manufactures laser machine tools.
Along with its subsidiaries, Newport offers technology products and systems for the scientific research, microelectronics, defense and security, life and health sciences, and industrial markets worldwide.
Coherent is one of the world's leading suppliers of photonic-based solutions for an extensive range of scientific research and commercial applications. The company is involved in the designing, manufacturing, servicing, and marketing of lasers, laser tools, precision optics, and related accessories.
Active Fiber Systems
Active Fiber Systems has its headquarters in Jena, Germany. It is a prominent vendor and has expertise in solid-state laser development. The company aims to provide low-cost lasers with a high-power parameter.
Advalue Photonics was founded in 2007, and has its headquarters in Arizona, US. It is a leading supplier of 2-µm fiber lasers for the scientific, materials processing, and medical sectors. It is focused on building high-quality, cost-effective fiber lasers.
Calmar Lase was established in 1996 and is headquartered in California, US. It is an innovative manufacturer of ultrafast fiber lasers and fiber amplifier solutions for different industries and R&D solutions. The company is noted for manufacturing simple hands-off reliable fiber lasers.
It is a Japanese electric and electronics equipment company. It was established in 1896, and has its headquarters in Tokyo, Japan. It works in segments like telecommunication, energy and industrial products, electronics and automotive systems, and metals.
Hypertherm has its headquarters in New Hampshire, US. It is a prominent vendor in the market that designs and manufactures the world's most advanced metal cutting products for applications such as materials processing and heavy industry. The company is best known for plasma cutting.
Lumentum Operations is headquartered in California, US. It is a leading player involved in designing and manufacturing products for optical communication networks, communication test and measurement equipment, lasers, optical solutions for authentication and decorative applications, and other custom optics.
Nufern is headquartered in Connecticut, US and is best known for manufacturing and developing application-specific optical fibers. Some of its products include optical fibers, fiber lasers, fiber amplifiers, and defense technology products.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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