Fiber Laser Market Size, Share, Trends by Type (Infrared, Ultrafast, Ultraviolet, Visible), Operation Mode (Continuous wave, Pulsed), Output Power (Low Power, Medium Power, High Power), Industry (Telecommunications, Automotive, Medical) and Region - Global Forecast to 2029
Updated on : September 12, 2024
Fiber Laser Market Size & Share
[246 Pages Report] The fiber laser market size to grow from USD 7.7 billion in 2024 and is expected to reach USD 12.8 billion by 2029, growing at a CAGR of 10.8% from 2024 to 2029. The need for increased manufacturing efficiency, precision, and reliability is driving the growth of fiber laser market. Due to their high energy efficiency and cost-effectiveness, fiber lasers are used in industries such as manufacturing, medicine, telecommunications, and consumer electronics. Fiber lasers are rapidly being adopted as diagnostic and surgical instruments in the medical industry. Moreover, the consumer electronics sector, which requires high precision, uses fiber lasers for developing smaller devices. Due to its high accuracy fiber lasers are essential to additive manufacturing and 3D printing for working with a variety of materials. Companies such as IPG Photonics Corporation are offering collaborative robots with integrated fiber lasers, which enhance workflow efficiency, safety, and automation in production processes.
Artificial intelligence (AI) in fiber lasers optimizes laser parameters which ensures high power and stable output. AI enables predictive maintenance, which reduces downtime by identifying potential issues before they arise. Furthermore, advanced data analysis provides valuable insights that can result in process improvements and new developments in manufacturing, medicine, and communications. AI-driven fiber laser systems provide accurate cutting and welding with low error rates, enhancing quality control and decreasing downtime. They also improve safety by keeping an eye on working conditions and recognizing possible risks, automating repetitive tasks, and streamlining procedures.
Attractive Opportunities in Fiber laser Market
Fiber Laser Market Forecast to 2029
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Fiber laser Market Trends & Dynamics
Driver: Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability
The adoption of fiber lasers has gained strong traction in several manufacturing and material processing industries owing to the various benefits that these are associated with, which makes them a top choice among manufacturers. Fiber lasers are known for their precision work which is essential in any automated manufacturing processes. This can minimize waste, produce cleaner cutting and welding with pinpoint accuracy due to their ability of concentrating high-intensity beam. High level of precision and greater accuracy is crucial in sectors like automotive and aerospace where component quality & integrity are vital.
Restraint: High deployment cost
Fiber laser systems are in high demand for being cost-effective, accurate and providing versatile solutions across various industrial sectors. However, the substantial cost of acquisition and installation for these systems are a significant restraint especially to small and medium-sized enterprises (SMEs) or businesses with limited budgets.
High-quality fiber laser machines are expensive since they use sophisticated technology and materials with high prices. Price also ranges with power output, wavelength and what the user wants it to be capable for specific applications. Fiber lasers with high power or other specialist capabilities needed for more challenging industrial processes are particularly expensive.
Opportunity: Advanced UV Fiber Lasers
Ultraviolet (UV) fiber laser are increasing utilized in manufacturing, healthcare and telecommunications. Ultraviolet wavelengths to provide enhanced performance for uses including high-precision material processing, medical treatment and next-generation communication technologies.
UV fiber lasers are favored in the manufacturing industry because of their preciseness and minimal thermal damage characteristic when it comes to processing materials. UV light is able to focus to a smaller spot than IR or visible wavelengths, making it possible for small features and patterns on various polymers/metal/acting materials at higher resolutions The result is that UV fiber lasers have excellent application potential, for instances micro- machining and drilling of small sized holes sensitive cuts.
Challenge: Shortage of skilled professionals
Fiber laser systems require a high level of technical expertise to install and maintained which can be challenging. Fiber lasers are high-tech tools and skilled professionals with a complete comprehension of laser physics, optics, electronics mentoring services, technical communities who can perform troubleshooting or routine maintenance pertinence to the system are required. They need to understand the laser, need to gain comprehensive knowledge of beam characteristics and how light interacts with various material as well as integration into longer processes after installation. Given the complexity of these tasks, it requires intensive training for operators and technicians often provided by laser manufactures.
Fiber laser Market Ecosystem
Fiber laser is a large ecosystem that comprises input suppliers, OEMs, distributors, verticals, and post sales service providers. The fiber laser designers and manufacturers develop and innovate lasers and laser systems with certain specifications to be distributed and supplied to different verticals. Major companies offering fiber laser include Coherent Corp. (US), IPG Photonics Corporation (US), Han's Laser Technology Co., Ltd. (China), JENOPTIK (Germany), and TRUMPF (Germany). Manufacturers or specialized fiber laser suppliers manufacture the products.
Fiber Laser Market Segmentation
High power fiber lasers dominates the market during the forecast period.
In 2023 high power fiber lasers held the largest market share of the fiber laser since these lasers can effectively handle rigorous industrial applications which require high energy output with precision for cutting and welding of thick metals and complex materials.
They are used extensively in high energy output tasks in industries like automotive, oil & gas and even iron steel production to enhance productivity and increase operational efficiency. High power fiber lasers are widely used in the heavy industry due to large scale and high speed processing ability, versatility for heavy-duty manufacturing processes are driving the growth of high power fiber laser market.
Telecommunication segment held the largest market share in 2023.
The telecommunication segment is expected to lead the market throughout the forecast period. The exponential increase in amount of data consumed around the globe, increasing internet usage, streaming services, cloud utilization and growth in number for lot devices requires robust communication network for handling massive data transmission. The expansion of telecommunications infrastructure, including fiber-optic networks and data centers, further drives the demand for fiber laser industry .
Infrared fiber laser to dominate market during forecast period.
Infrared (IR) Fiber Laser is a laser technology emitting light in the infrared spectrum. They typically generate the laser light by using optical fibers doped with rare-earth elements such as ytterbium, erbium or neodymium. Higher beam quality, intrinsic stability and a capability of power efficient high output make IR fiber lasers highly versatile sources. There are numerous advantages to using this type of industrial laser in applications such as materials processing, telecommunications and medical procedures due to their deep penetration coupled with a high degree of precision
Fiber Laser Market Regional Analysis
Asia Pacific to hold larger share of the market during the forecast period.
Asia Pacific dominates the fiber laser market share due to surging industrialization and technological developments, and booming manufacturing sector in countries such as China, India, Japan making Asia Pacific the largest market for fiber lasers. Demand for fiber lasers in this region has gained traction with robust focus on embracing cutting-edge manufacturing technologies and automation, such as welding, marking & others. Moreover, the growing electronics, automotive and telecommunication sectors in this region also fuel the demand for fiber lasers. As these industries continue to grow and evolve further, the Asia Pacific market for fiber laser is expected to boom during the forecast period.
Fiber Laser Market by Region
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Top Fiber Laser Companies - Key Market Players:
The fiber laser companies is dominated by globally established players such
- Coherent Corp. (US),
- TRUMPF (Germany),
- Han's Laser Technology Industry Group Co., Ltd (China),
- IPG Photonics Corporation (US), and
- Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China). These players have adopted product launches/developments, partnerships, collaborations, and acquisitions for growth in the market.
Fiber Laser Report Scope :
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Report Metric |
Details |
| Estimated Market Size | USD 7.7 billion in 2024 |
| Projected Market Size | USD 12.8 billion by 2029 |
| Growth Rate | CAGR of 10.8% |
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Fiber Laser Market size available for years |
2020–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million) & Volume (Thousand) |
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Segments Covered |
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Region covered |
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Companies covered |
The key players in the fiber laser market are IPG Photonics Corporation (US), Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China), Coherent Corp. (US), TRUMPF (Germany), and Han’s Laser Technology Industry Group Co., Ltd (China) |
Fiber Laser Market Highlights
In this report, the overall fiber laser market has been segmented based on By Type, By Industry, By Output Power, By Operation Mode, By Region.
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Segment |
Subsegment |
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Fiber Laser Market Size , By Type: |
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By Output Power: |
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By Operation Mode: |
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Fiber Laser Market Share, By Region: |
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Recent Developments in Fiber Laser Industry
- In May 2024, IPG Photonics Corporation (US) launched the LightWELD 2000 XR, a 2 kW handheld laser welding and cleaning system that increases processing speeds and handles thicker materials. It enhances fabrication productivity and efficiency with improved presets and compatibility with the LightWELD Cobot System.
- In June 2023, Coherent Corp. (US) launched the HighLight FL-ARM fiber lasers, which features adjustable ring mode beams for improved welding process stability over large areas, which is ideal for electric vehicle battery manufacturing.
- In October 2022, Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China) launched R- series for industrial applications such as automobile manufacturing, shipbuilding, aerospace, and new energy battery welding.
Frequently Asked Questions:
Which are the major companies in the fiber laser market? What are their major strategies to strengthen their market presence?
Coherent Corp. (US), Trumpf (Germany), Han's Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), and Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China), are some of the major companies operating in the fiber laser market. Product launches, and Partnerships were the key strategies these companies adopted to strengthen their fiber laser market presence.
What are the drivers for the fiber laser market?
Drivers for the fiber laser market are:
- Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability
- Fiber lasers offers high energy efficiency, low maintenance, and long lifespan
- Growing Demand for Fiber Lasers in Medical and Healthcare Industries
- Rising Adoption of Fiber Lasers in Consumer Electronics
- Expansion of 3D Printing and Additive Manufacturing
What are the challenges in the fiber laser market?
Challenges for the fiber laser market are:
- Competition from Alternative Technologies
- Lack of skilled Professional
What are the Opportunities in the fiber laser market?
Opportunities for the fiber laser market are:
- Advanced UV Fiber Lasers
- Thin Sheet Cutting and Micro Machining
- Micro Drilling and Surface Cleaning Applications
What is the total CAGR expected to be recorded for the fiber laser market from 2024 to 2029?
The CAGR is expected to record a CAGR of 10.8% from 2024-2029.
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The study involved four major activities in estimating the size of the Fiber laser market . Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.
Secondary Research
Various secondary sources were referred to in the secondary research process to identify and collect information pertinent to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the fiber laser industry, the value chain of the market, the total pool of the key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology oriented perspectives.
Primary Research
In the primary research process, various primary sources, from both supply and demand sides, were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, SMEs, consultants, and related key executives from the major companies and organizations operating in the fiber laser market share .
After the complete market engineering process (which includes market statistics calculations, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical market numbers.
Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the fiber laser market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:
- Information related to the revenue of key manufacturers and providers of fiber laser type was studied and analyzed to estimate the global size of the fiber laser market
- Multiple discussions were conducted with key opinion leaders to understand the demand for fiber laser products and analyze the break-up of the scope of work carried out by each major company
- Revenue, geographic presence, key industries served, and the diverse offerings of all identified players in the fiber laser market size were studied to estimate and arrive at the percentage split of different market segments
- All major players in the fiber laser market size were identified through secondary research and verified through brief discussions with industry experts
- Multiple discussions were conducted with key opinion leaders of all major companies involved in developing fiber laser solutions to validate the market split based on operation mode, type, output power, industry, and region
- Geographic splits were estimated using secondary sources on the basis of factors such as the number of players offering fiber laser in a specific country or region and the industries for which these players offer the solutions.
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
The total market was split into several segments after arriving at the overall market size from the market size estimation process explained in the sections above. Market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
Fiber lasers are a type of solid-state laser which uses optical fiber, doped with rare earth elements which acts as the active gain medium. Optical fiber converts light from pump laser diodes into a laser beam with specific wavelengths. Neodymium, ytterbium, praseodymium, erbium, thulium, holmium, and dysprosium are used as doping elements. Due to this wide range of produced wavelengths, fiber lasers are ideal for a variety of applications such as laser cutting, texturing, cleaning, engraving, drilling, marking, and welding. The industries that use fiber laser technology include commercial, telecommunications, research, aerospace, healthcare, automotive, semiconductor & electronics, industrial, and others (oil & gas, iron & steel, tobacco, glass, wood, retail, and plastics).
Stakeholders
- End users
- Government bodies, venture capitalists, and private equity firms
- Fiber laser manufacturers
- Fiber laser distributors
- Fiber laser industry associations
- Professional service/solution providers
- Research institutions and organizations
- Standards organizations and regulatory authorities related to the fiber Laser market
- System integrators
- Technology consultants
Research Objectives
- To define, describe, and project the size of the global fiber laser market, in terms of value, segmented based on type, industry, operation mode, output power and region
- To project the market size of fiber lasers in terms of volume
- To forecast the market size for various segments with respect to four main regions—North America, Europe, Asia Pacific, and RoW
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
- To analyze the micro markets with respect to individual growth trends, prospects, and contributions to the total market
- To profile the key market players and comprehensively analyze their market ranking and core competencies.
- To analyze competitive developments, such as joint ventures, mergers & acquisitions, product launches, and research & development (R&D) activities, in the fiber laser market
- To provide leadership mapping based on company profiles and key player strategies such as product launches and development, collaborations, expansions, and acquisitions
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
- To provide ecosystem analysis, case study analysis, patent analysis, pricing analysis, Porter’s five forces analysis, key stakeholders & buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market under study
Available Customizations:
MarketsandMarkets offers the following customizations for this market report:
- Further breakdown of the market in different regions to the country level
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Fiber Laser Market