Fiber Laser Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type Infrared, Ultraviolet, Ultrafast, and Visible Market Segments by Usage High Power Welding & Cutting, Marking, Fine Processing, and Others Market Segments by Applications Material Processing, Instrumentation & Measurement, and Others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name IPG, Coherent Inc., Jenoptic Group, TRUMF, Keopsys Group, and NKT Photonics. Trend Growth Rate and CAGR 10.6% Key Industry Forecast The global fiber laser market is expected to reach $4.7 billion by 2024 with a CAGR of 10.6% from 2019 to 2024 Key Industry Driver Driver: Rising demand for high powered laser machine for cutting and welding, need of laser beam with high beam quality with low cost features, and growing demand for 3D printing market. 2

Industry Overview Market Size The global fiber laser market is expected to reach $4.7 billion by 2024 with a CAGR of 10.6% from 2019 to Emerging trends, which have a direct impact on the dynamics of the fiber laser industry, include the emergence of ribbon core fibers, development of eco-friendly technology, and introduction of fiber laser in LIDAR in autonomous vehicles. Market Size (2024)$4.7 billion CAGR ( )10.6% 3 Industry Performance : Forecast