The market is anticipated to reach US$ 4,765.4 million by 2028, showing a CAGR of 11.1% from 2021 to 2028, according to a recent research report named "Fiber Laser Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners.

The market for fibre lasers is expanding as a result of factors including increased output in the automobile industry and the development of 3D printing technology. The slower cutting speed required to treat thicker materials, however, limits market expansion. In addition, the demand from many industries is surging, there is an increase in the demand for cutting applications, and industrial automation is emerging. Additionally, the use of fibre lasers is being fueled by the development of new technologies including computer numerical control (CNC), computer-aided manufacturing (CAM), and fibre laser technology, as well as the rise of industrial automation.

Get Sample Copy of Report PDF: https://www.theinsightpartners.com/sample/TIPTE100000578/

North America, Europe, and Asia-Pacific make up the three main geographic segments of the fibre laser market. The manufacturing industries have a significant impact on the growth of the fibre laser market. The market is dominated by North America, Europe, and APAC because these three continents are responsible for the majority of global manufacturing. APAC is the greatest market for manufacturing since it includes centres for the industry including China, Japan, India, and South Korea. The major producers of steel and electrical goods are China and Japan, which helps these nations' industrial industries. The semiconductor sector in South Korea is among the largest in the world, and it makes a considerable contribution to the nation's GDP. India also manufactures precision instruments, autos, bicycles, railroad rolling stock, radio receivers, and metal products. China has advanced significantly in the realm of engineering industries as well. Other Asian nations have focused mostly on manufacturing durable consumer products. In Japan, Singapore, Malaysia, Taiwan, South Korea, and India, particularly in the areas around Bangalore and Mumbai, manufacturing based on computer hardware, software, and information processing has experienced rapid growth.

The market is expanding as a result of factors like rising automobile production and the development of 3D printing technology. The expansion of the fibre laser market is being constrained by the slower cutting speed while processing thicker materials. Additional factors driving market expansion include rising demand across a variety of industries, rising need for cutting applications, and the emergence of industrial automation. A number of industries are using fibre lasers as a result of the development in industrial automation as well as the introduction of new technologies including computer numerical control (CNC), computer-aided manufacturing (CAM), and fibre laser technology.

Some of the major market participants in the worldwide fibre laser market include Maxphotonics Co., Ltd., Wuhan Raycus Fiber Laser Technologies Co., Ltd., IPG Photonics Corporation, TRUMPF GmbH + Co. KG, and Coherent, Inc. A number of variables, including total revenue, the current fibre laser product portfolio, geographic reach, new product launches, market initiatives, investments in technology advancement, partnerships, and other market-related activities, are taken into account when determining the list of key players. These and other significant players in the fibre laser ecosystems were studied and analysed as part of this market research study, along with others like Active Fiber Systems GmbH, Fujikura Ltd., Convergent Photonics, Jenoptik AG, and nLIGHT, Inc.

Browse More Related Reports by the insight partners:

Medical Laser Fibers Market

https://www.theinsightpartners.com/reports/medical-laser-fiber-market

Machine Vision Laser Market

https://www.theinsightpartners.com/reports/machine-vision-laser-market 

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876