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3. Fiber Laser Companies - Coherent Corp. (US) and Trumpf (Germany) are the Key Players

The fiber laser market 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. Rise in demand from the medical and consumer electronics sectors is driving the growth of fiber laser market. The consumer electronics industry demands smaller, lighter, and power-efficient devices. This has resulted into to an increase in miniaturization, thus driving the acceptance of fiber lasers that offer very high accuracy and speed, hence efficiently managing some manufacturing processes necessary for the production of electronics components.

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) were among the major players operating in the fiber laser market. These players have been adopting various growth strategies, such as product launches, partnerships, and collaborations, have been adopted by these companies to achieve growth in the fiber laser market. From 2020 to 2023, these strategies have helped key players broaden their customer base and strengthen their product portfolios.

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Major Fiber Laser companies include:

• Coherent Corp. (US)
• Trumpf (Germany)
• Han's Laser Technology Industry Group Co., Ltd (China)
• IPG Photonics Corporation (US)
• Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China)

Coherent Corp.

Coherent Corp. provides industrial and fiber laser solutions. It manufactures photonics and offers lasers, laser-based technologies, and system solutions for a range of scientific, commercial, and industrial applications. The company's product portfolio includes lasers, laser machines and systems, beam delivery components, and optical fibers. The company operates in three segments: Networking, Materials, and Lasers. Coherent has manufacturing facilities in the US, Germany, Finland, Scotland, Sweden and Malaysia. The company distributes its products directly and through a network of independent representatives in North America, Europe, and Asia-Pacific. Coherent is headquartered in Santa Clara, California, the US.

TRUMPF

TRUMPF is a German group that operates in the fields of electronics, power tools, laser technology, and machine tools. The company operates through four business segments: machine tools, laser technology, EUV business, and others. The laser technology segment provides lasers for marking, cutting, welding, and surface treatment applications. The company has a wide product portfolio which  includes disk laser, fiber laser, diode laser, short and ultrashort laser, pulsed laser, CO2 laser, and EUV drive laser. TRUMPF has over 70 subsidiaries across Asia Pacific, North America, South America, and Europe, and 17 production units are located in Europe.

Han’s Laser Technology Industry Group Co., Ltd

Han’s Laser Technology Industry Group Co., Ltd manufactures laser equipment and provides laser marking, laser welding, laser cutting, and laser cleaning machines. It is one of the prominent laser equipment manufacturers in the Chinese laser industry. The company offers More than 200 machine models, including laser engraving/marking series, laser welding series, laser cutting series, sub-surface engraving series, laser display series, and so on. All these equipment have been widely used in the production of electronic appliances, integrated circuits, telecommunication equipment, computers, auto parts, glass and optical units, construction materials, medical devices, jewelry, packaging materials, crafts, illumination, clothing, urban illumination, and other fields.

IPG Photonics Corporation

IPG Photonics Corporation is a manufacturer of fiber lasers and amplifiers. Its offerings include lasers, laser systems, beam delivery solutions, medical solutions, telecom equipment, and components for the automotive, consumer electronics, telecommunications, aerospace, semiconductor, entertainment, heavy industry & transport, manufacturing, medical, and oil & gas verticals. The company operates in four segments: Material Processing, Medical Procedures, Advanced Applications, and Communications. It supports a specialized team of engineers and scientists with experience and knowledge in fiber lasers and amplifiers, material sciences, and optics. It enables it to work with a diversified customer base to develop and introduce customized products for addressing specific applications.

Wuhan Raycus Fiber Laser Technologies Co., Ltd.

Wuhan Raycus Fiber Laser Technologies Co., Ltd. has a strong focus on in the research, development, and production of fiber lasers. Its product portfolio includes single, and multi-module continuous wave (CW) fiber lasers, quasi-continuous wave (QCW) fiber lasers, Q-switched pulsed fiber lasers, direct diode lasers, MOPA fiber lasers, and welding fiber lasers.  Cutting machines, welding, cleaning, marking technologies, and precision processing utilize these fiber lasers. The company provides its product for automotive manufacturing, shipbuilding, aerospace, advertising, medical care, and metallurgy.

Related Reports:

Fiber Laser Market 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

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