Table of Contents
Market Growth and Key Drivers
The global fiber laser market is projected to reach $4,403 million by 2025, registering a CAGR (Compound Annual Growth Rate) of 11,9% from 2018 to 2025. Fiber lasers offer advantages such as ease of use, high reliability, maintenance-free operation, high integration capability, and high stability, which are expected to be the factors driving the market growth.
Innovation and Product Development
Fiber laser manufacturers are heavily interested in activities to enhance the range and add additional wavelengths and power levels. They thus seek ways to increase such characteristics of fiber lasers as high beam quality and to introduce new product lines. This includes UV fiber lasers, red, orange, green fiber lasers, projection, and mid-infrared fiber lasers for fine and microprocessing applications. And then to top it off, the fiber laser manufacturers are also currently developing ultrashort pulsed lasers with ultrashort pulse durations in the range of picoseconds and femtoseconds.
Fiber Laser Design and Components
The typical fiber laser is arranged in such a way that beam transfer and laser cavity are incorporated into a solitary system inside an optical fiber. It is doped with rare-earth elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium, or dysprosium. Regular fiber lasers are optically pumped, most commonly with laser diodes, but in a few cases with other fiber lasers. The optics used in these systems are usually fiber components, with most or all the components fiber-coupled to one another. In some systems, bulk optics are used, and sometimes an internal fiber-coupling system is combined with external bulk optics.
Market Segmentation
By Fiber Laser Type
- The global fiber laser market is segmented based on various parameters such as type, application, and region. Based on fiber laser type, the market is classified into:
infrared fiber lasers
ultraviolet fiber lasers (UV fiber lasers)
ultrafast fiber lasers
visible fiber lasers
By Application
Further, based on application, the market is divided into: high power, marking, fine processing, and microprocessing
By Region
Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.