LONDON--(BUSINESS WIRE)--The fiber laser market is expected to grow by USD 8.33 billion, progressing at a CAGR of over 11% during the forecast period.
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The demand for enhanced productivity is one of the major factors propelling market growth. However, factors such as dependency on limited suppliers will hamper market growth.
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Fiber Laser Market: Application Landscape
Several firms are replacing their CO2 lasers with fiber lasers to increase their productivity and ROI. The rising demand for fiber lasers for coding and marking requirements and the growing demand for miniaturization of ICs and wafers will fuel the demand for fiber lasers for materials processing applications. Market growth in the material processing segment will be faster than the growth of the market in the advanced application, healthcare, and other segments.
Fiber Laser Market: Geographic Landscape
APAC will offer several growth opportunities to market vendors during the forecast period. The growing demand for semiconductor chips and the presence of several industrial manufacturing plants in APAC are some of the significant factors that will influence fiber laser market growth in this region. Almost 36% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for fiber laser in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- ABB Ltd.
- Amonics Ltd.
- Coherent Inc.
- FANUC Corp.
- IPG Photonics Corp.
- Jenoptik AG
- MKS Instruments Inc.
- NKT Photonics AS
- OMRON Corp.
- TRUMPF GmbH + Co. KG.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Material processing - Market size and forecast 2019-2024
- Advanced application - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Technological advances in fiber lasers
- Focus on sustainable manufacturing
- Focus on inorganic growth
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Coherent Inc.
- FANUC Corp.
- Furukawa Electric Co. Ltd.
- IPG Photonics Corp.
- Keopsys Group
- Lumentum Holdings Inc.
- Maxphotonics Co. Ltd.
- nLIGHT Inc.
- TRUMPF GmbH + Co. KG
- Wuhan Raycus Fiber Laser Technologies Co. Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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