Summary

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. Fiber lasers are significantly used in the additive manufacturing, 3D printing across various industries. Fiber lasers offers high flexibility, precision and capability for processing a wide range of materials for the development of complex geometries and prototypes.
“Continuous Wave segment segment to grow at the fastest CAGR during forecast period.“
During the forecast period (2024 to 2029), Continuous wave (CW) segment is projected to grow at the fastest CAGR. Automotive, aerospace, electronics, and semiconductor industries have numerous applications of continuous wave fiber lasers. In automotive continuous wave fiber laser offers precise welding and cutting of metal parts to strong joints and minimal thermal distortion. In the electronics sector, CW fiber lasers perform engraving, marking, and micro-machining of components, ensuring high precision. Due to their continuous and stable output CW fiber lasers ensures efficient and accurate processing of a diverse range of materials, including metals, plastics, and ceramics.
“Medical segment to grow at the fastest CAGR during the forecast period.”
Fiber lasers are rapidly being used in the medical field as it provides high accuracy and precision for applications such as surgery, imaging, and therapy. Fiber lasers delivers controlled, and high intensity light which allow minimal invasive procedure which results in reducing patient recovery times and also improve outcomes. Due to its precision fiber lasers allows medical professionals to target specific areas or cells without harming the surrounding tissues or organs which is critical for delicate surgeries and treatments. This is extremely useful where traditional methods are imprecise.
“Asia Pacific held the largest share of the fiber laser market in 2023.”
The Asia Pacific region is driven by industrialization, technological advancements, growing end-user industries, government support, increasing investments, and emerging markets providing significant growth opportunities for the fiber laser market. Additionally, presence of key fiber laser manufacturers such as Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China), Maxphotonics co.,ltd (China), research institutions, and academic centers that play crucial role in the technological progress in lasers, optics, photonics, and related fields contribute to the growth of fiber laser market. Countries like China, India, South Korea, and Japan are undergoing rapid industrialization and urbanization, which creates demand for the adoption of fiber lasers across various sectors.
The breakup of primaries conducted during the study is depicted below:
• By Company Type – Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation – C-level – 48%, Director-level – 33%, and, Other – 19%
• By Region – North America - 35%, Europe – 18%, Asia Pacific – 40%, and RoW – 7%
Research Coverage
The report segments the fiber laser market and forecasts its size, by value & volume, based on By Type (Infrared, Ultrafast, Ultraviolet, and Visible); By Operation Mode (Contionous wave, and Pulsed); By Output Power (Low, Medium, and High); Industry (telecommunications, industrial, semiconductor & electronics, commercial, aerospace, automotive, medical, research, and other verticals, including oil & gas, iron & steel, glass, wood, retail, and plastics); and Region (North America; Europe; Asia Pacific; and RoW. The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the fiber laser market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will provide market leaders and new entrants with information closes approximations of the revenue numbers for the overall fiber laser market and the subsegments. This report will help stakeholders comprehend the competitive landscape and gain deeper insights to better position their businesses and plan effective go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:

 Analysis of key drivers (Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability, Growing Demand for Fiber Lasers in Medical and Healthcare Industries, Rising Adoption of Fiber Lasers in Consumer Electronics, and Expansion of 3D Printing and Additive Manufacturing), restraints (High deployment cost, and Reduced cutting speed for thicker materials), opportunities (Advanced UV Fiber Lasers, Thin Sheet Cutting and Micro Machining, Micro Drilling and Surface Cleaning Applications), and challenges (Competition from Alternative Technologies, Lack of skilled Professional, Safety Concerns and Compliance Issues, Environmental and Health Concerns)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the fiber laser market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the fiber laser market across varied regions.

• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the fiber laser market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players 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), among others in the fiber laser market

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Table of Contents

1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 INCLUSIONS AND EXCLUSIONS 22
1.3.2 MARKETS COVERED 22
1.3.3 YEARS CONSIDERED 23
1.4 CURRENCY CONSIDERED 23
1.5 UNITS CONSIDERED 23
1.6 STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 List of major secondary sources 25
2.1.1.2 Key data from secondary sources 25
2.1.2 PRIMARY DATA 26
2.1.2.1 Breakdown of primaries 26
2.1.2.2 List of primary interview participants 26
2.1.2.3 Key industry insights 27
2.1.2.4 Key data from primary sources 27
2.1.3 SECONDARY AND PRIMARY RESEARCH 28
2.2 MARKET SIZE ESTIMATION METHODOLOGY 28
2.2.1 BOTTOM-UP APPROACH 29
2.2.1.1 Approach to estimate market size using bottom-up analysis
(demand side) 29
2.2.2 TOP-DOWN APPROACH 30
2.2.2.1 Approach to estimate market size using top-down analysis
(supply side) 30
2.3 DATA TRIANGULATION 32
2.4 RESEARCH ASSUMPTIONS 33
2.5 RESEARCH LIMITATIONS 33
2.6 RISK ASSESSMENT 33
3 EXECUTIVE SUMMARY 34
4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FIBER LASER MARKET 38
4.2 FIBER LASER MARKET, BY OUTPUT POWER 38
4.3 FIBER LASER MARKET, BY TYPE 39
4.4 FIBER LASER MARKET, BY END-USE INDUSTRY 39
4.5 FIBER LASER MARKET, BY REGION 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
5.2.1.1 Increasing automation in manufacturing and material processing industries 42
5.2.1.2 High energy efficiency, low maintenance, and long lifespan of fiber lasers 42
5.2.1.3 Growing demand in medical & healthcare industry 43
5.2.1.4 Rising adoption of fiber lasers in consumer electronics 44
5.2.1.5 Expansion of 3D printing and additive manufacturing 44
5.2.2 RESTRAINTS 46
5.2.2.1 High deployment cost 46
5.2.2.2 Reduced cutting speed for thicker materials 46
5.2.3 OPPORTUNITIES 47
5.2.3.1 Growing use of advanced ultraviolet fiber lasers 47
5.2.3.2 Increasing use in thin sheet cutting and micro machining 48
5.2.3.3 High demand in micro drilling and surface cleaning applications 48
5.2.4 CHALLENGES 50
5.2.4.1 Competition from alternative technologies 50
5.2.4.2 Safety concerns and compliance issues 50
5.2.4.3 Shortage of skilled professionals 51
5.3 SUPPLY CHAIN ANALYSIS 52
5.4 ECOSYSTEM ANALYSIS 55
5.5 INVESTMENT AND FUNDING SCENARIO 56
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 57
5.7 TECHNOLOGY ANALYSIS 58
5.7.1 KEY TECHNOLOGIES 58
5.7.1.1 Adjustable mode beam lasers 58
5.7.1.2 Additive manufacturing locus beam control 58
5.7.2 COMPLEMENTARY TECHNOLOGIES 58
5.7.2.1 LiDAR 58
5.7.3 ADJACENT TECHNOLOGIES 58
5.7.3.1 Quantum cascade lasers 58
5.8 PORTER'S FIVE FORCES ANALYSIS 59
5.8.1 THREAT OF NEW ENTRANTS 60
5.8.2 THREAT OF SUBSTITUTES 60
5.8.3 BARGAINING POWER OF SUPPLIERS 60
 
5.8.4 BARGAINING POWER OF BUYERS 61
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 61
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 61
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 61
5.9.2 BUYING CRITERIA 62
5.10 CASE STUDY ANALYSIS 63
5.10.1 SHIM SHACK TRANSFORMED ITS SHOP WITH LASERCUBE FLATBED
LASER CUTTING SYSTEM 63
5.10.2 MµSHIELD IMPROVED EFFICIENCY AND COST WITH LASERCUBE 63
5.10.3 LASER INDONESIA PIONEERS LASER CLADDING IN INDONESIA WITH COHERENT'S SUPPORT 64
5.10.4 TEAMTECHNIK ENHANCED WELDING PRECISION WITH COHERENT FIBER LASER 64
5.10.5 EUROSTEEL ENHANCED MANUFACTURING PRECISION WITH
CY-LASER'S FIBER LASER TECHNOLOGY 65
5.11 TRADE ANALYSIS 65
5.11.1 IMPORT DATA 65
5.11.2 EXPORT DATA 66
5.12 PATENT ANALYSIS 67
5.13 KEY CONFERENCES AND EVENTS 70
5.14 REGULATORY LANDSCAPE AND STANDARDS 71
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.14.2 STANDARDS 74
5.14.2.1 IEC 60825-1:2014 74
5.14.2.2 ANSI Z136.1 74
5.14.2.3 Federal Laser Product Performance Standard (FLPPS) 74
5.14.2.4 International Commission on Non-Ionizing Radiation Protection (ICNIRP) 74
5.14.2.5 EN 60825 – Safety of Laser Products 74
5.14.2.6 FDA Standards 75
5.15 IMPACT OF AI: FIBER LASER MARKET 75
5.15.1 AI USE CASES IN FIBER LASER MARKET 76
5.15.2 BEST PRACTICES: WHO IS IMPLEMENTING ABOVE USE CASES 77
5.15.3 INTERCONNECT ADJACENT ECOSYSTEM 78
5.15.3.1 Impact on laser processing market 78
5.16 PRICING ANALYSIS 78
5.16.1 AVERAGE SELLING PRICE OF FIBER LASERS 79
5.16.2 AVERAGE SELLING PRICE OF LASERS OFFERED BY KEY PLAYERS, BY OUTPUT POWER 79
5.16.3 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION 80
 
6 APPLICATIONS OF FIBER LASER 81
6.1 INTRODUCTION 81
6.2 LASER PROCESSING 81
6.2.1 MACRO PROCESSING 82
6.2.1.1 Cutting 82
6.2.1.2 Drilling 83
6.2.1.3 Welding 83
6.2.1.4 Marking and engraving 84
6.2.2 MICRO PROCESSING 84
6.2.3 ADVANCED APPLICATIONS 85
6.3 OPTICAL COMMUNICATION 85
6.4 OPTOELECTRONICS 86
6.5 OTHER APPLICATIONS 86
7 FIBER LASER MARKET, BY TYPE 87
7.1 INTRODUCTION 88
7.2 INFRARED 89
7.3 ULTRAFAST 91
7.4 ULTRAVIOLET 92
7.5 VISIBLE 94
8 FIBER LASER MARKET, BY OUTPUT POWER 96
8.1 INTRODUCTION 97
8.2 LOW 98
8.2.1 OFFERS HIGH PRECISION AND VERSATILITY IN MARKING, ENGRAVING,
AND MICRO-MACHINING ACROSS ELECTRONICS 98
8.3 MEDIUM 99
8.3.1 DELIVER HIGH PRECISION AND PERFORMANCE ACROSS VARIOUS INDUSTRIES 99
8.4 HIGH 100
8.4.1 ENHANCES PRODUCTIVITY AND EFFICIENCY BY ENABLING PRECISE CUTTING, WELDING, AND DRILLING OF THICK AND TOUGH MATERIALS 100
9 FIBER LASER MARKET, BY OPERATION MODE 101
9.1 INTRODUCTION 102
9.2 CONTINUOUS WAVE 103
9.3 PULSED 105
10 FIBER LASER MARKET, BY END-USE INDUSTRY 107
10.1 INTRODUCTION 108
10.2 TELECOMMUNICATIONS 110
10.2.1 GROWING ADOPTION IN FIBER OPTIC COMMUNICATION TO BOOST DEMAND 110
 
10.3 INDUSTRIAL 112
10.3.1 INTEGRATION OF LASER SYSTEMS IN MANUFACTURING TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 112
10.4 SEMICONDUCTOR & ELECTRONICS 113
10.4.1 INCREASING USE IN MANUFACTURING MINIATURIZED SEMICONDUCTOR COMPONENTS TO BOOST DEMAND 113
10.5 COMMERCIAL 114
10.5.1 OFFERS ENHANCE PRODUCTIVITY AND QUALITY ACROSS MULTIPLE APPLICATIONS 114
10.6 AEROSPACE 116
10.6.1 INCREASED ADOPTION FOR MACHINING AIRCRAFT PARTS TO ACCELERATE MARKET GROWTH 116
10.7 AUTOMOTIVE 117
10.7.1 RISING DEMAND FOR SEAM WELDING AND HIGH-STRENGTH STEEL CUTTING IN AUTOMOTIVE INDUSTRY TO DRIVE GROWTH 117
10.8 MEDICAL 118
10.8.1 INCREASING APPLICATION IN SURGICAL PROCEDURES TO DRIVE DEMAND 118
10.9 RESEARCH 119
10.9.1 GROWING APPLICATION IN SPECTROSCOPY TO DRIVE MARKET 119
10.10 OTHER END-USE INDUSTRIES 121
11 FIBER LASER MARKET, BY REGION 122
11.1 INTRODUCTION 123
11.2 NORTH AMERICA 125
11.2.1 MACROECONOMIC OUTLOOK IN NORTH AMERICA 125
11.2.2 US 129
11.2.2.1 Growing demand for miniature laser processing devices in healthcare sector to drive market 129
11.2.3 CANADA 130
11.2.3.1 Government-led initiatives to develop, produce, and sell EVs to boost demand 130
11.2.4 MEXICO 130
11.2.4.1 Rising adoption in automobile, aerospace, and electronics to accelerate demand 130
11.3 EUROPE 131
11.3.1 MACROECONOMIC OUTLOOK IN EUROPE 131
11.3.2 GERMANY 135
11.3.2.1 Rising use in minimally invasive surgical procedures to drive market 135
11.3.3 FRANCE 136
11.3.3.1 Increasing demand in automotive, telecommunications, and healthcare industries to fuel growth 136
11.3.4 UK 136
11.3.4.1 Rising emphasis on reducing greenhouse gas emissions to fuel market growth 136
11.3.5 REST OF EUROPE 136
11.4 ASIA PACIFIC 137
11.4.1 MACROECONOMIC OUTLOOK IN ASIA PACIFIC 137
11.4.2 CHINA 142
11.4.2.1 Growing use in semiconductor chip manufacturing processes to propel market growth 142
11.4.3 JAPAN 142
11.4.3.1 Presence of prominent automobile and electronic companies to drive market 142
11.4.4 INDIA 142
11.4.4.1 Government-led projects to boost domestic manufacturing to fuel market growth 142
11.4.5 SOUTH KOREA 143
11.4.5.1 Consumer electronics and automotive industries to offer lucrative growth opportunities for market players 143
11.4.6 REST OF ASIA PACIFIC 143
11.5 ROW 143
11.5.1 MACROECONOMIC OUTLOOK IN ROW 143
11.5.2 SOUTH AMERICA 147
11.5.2.1 Investments in laser technology and infrastructure to drive market 147
11.5.3 MIDDLE EAST 147
11.5.3.1 Growing demand for electric vehicles to drive market 147
11.5.4 AFRICA 148
11.5.4.1 Increasing use of EVs to offer lucrative growth opportunities for market players 148
12 COMPETITIVE LANDSCAPE 149
12.1 OVERVIEW 149
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 149
12.3 REVENUE ANALYSIS 150
12.4 MARKET SHARE ANALYSIS 151
12.5 COMPANY VALUATION AND FINANCIAL METRICS 153
12.6 BRAND/PRODUCT COMPARISON 154
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS 154
12.7.1 STARS 154
12.7.2 EMERGING LEADERS 155
12.7.3 PERVASIVE PLAYERS 155
12.7.4 PARTICIPANTS 155
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 157
12.7.5.1 Overall company footprint 157
12.7.5.2 Output power footprint 158
12.7.5.3 Operation mode footprint 159
12.7.5.4 End-use industry footprint 160
12.7.5.5 Region footprint 161
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES 162
12.8.1 PROGRESSIVE COMPANIES 162
12.8.2 RESPONSIVE COMPANIES 162
12.8.3 DYNAMIC COMPANIES 162
12.8.4 STARTING BLOCKS 162
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 164
12.8.5.1 List of key startups/SMEs 164
12.8.5.2 Competitive benchmarking of key startups/SMEs 165
12.9 COMPETITIVE SCENARIO AND TRENDS 166
12.9.1 PRODUCT LAUNCHES 166
12.9.2 DEALS 169
12.9.3 EXPANSIONS 171
12.9.4 OTHERS 172
13 COMPANY PROFILES 173
13.1 KEY PLAYERS 173
13.1.1 IPG PHOTONICS CORPORATION 173
13.1.1.1 Business overview 173
13.1.1.2 Products/Solutions/Services offered 174
13.1.1.3 Recent developments 175
13.1.1.3.1 Product launches 175
13.1.1.3.2 Deals 177
13.1.1.4 MnM view 177
13.1.1.4.1 Right to win 177
13.1.1.4.2 Strategic choices 177
13.1.1.4.3 Weaknesses and competitive threats 178
13.1.2 TRUMPF 179
13.1.2.1 Business overview 179
13.1.2.2 Products/Solutions/Services offered 180
13.1.2.3 Recent developments 181
13.1.2.3.1 Product launches 181
13.1.2.4 MnM view 181
13.1.2.4.1 Right to win 181
13.1.2.4.2 Strategic choices 181
13.1.2.4.3 Weaknesses and competitive threats 181
13.1.3 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD. 182
13.1.3.1 Business overview 182
13.1.3.2 Products/Solutions/Services offered 183
13.1.3.3 Recent developments 183
13.1.3.3.1 Product launches 183
13.1.3.3.2 Deals 184
 
13.1.3.4 MnM view 184
13.1.3.4.1 Right to win 184
13.1.3.4.2 Strategic choices 184
13.1.3.4.3 Weaknesses and competitive threats 184
13.1.4 COHERENT CORP. 185
13.1.4.1 Business overview 185
13.1.4.2 Products/Solutions/Services offered 186
13.1.4.3 Recent developments 187
13.1.4.3.1 Product launches 187
13.1.4.4 MnM view 187
13.1.4.4.1 Right to win 187
13.1.4.4.2 Strategic choices 187
13.1.4.4.3 Weaknesses and competitive threats 187
13.1.5 WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO., LTD. 188
13.1.5.1 Business overview 188
13.1.5.2 Products/Solutions/Services offered 188
13.1.5.3 Recent developments 190
13.1.5.3.1 Product launches 190
13.1.5.3.2 Deals 190
13.1.5.4 MnM View 191
13.1.5.4.1 Right to win 191
13.1.5.4.2 Strategic choices 191
13.1.5.4.3 Weaknesses and competitive threats 191
13.1.6 FUJIKURA LTD. 192
13.1.6.1 Business overview 192
13.1.6.2 Products/Solutions/Services offered 193
13.1.7 600 GROUP PLC 195
13.1.7.1 Business overview 195
13.1.7.2 Products/Solutions/Services offered 196
13.1.8 BYSTRONIC GROUP 197
13.1.8.1 Business overview 197
13.1.8.2 Products/Solutions/Services offered 198
13.1.8.3 Recent developments 198
13.1.8.3.1 Product launches 198
13.1.8.3.2 Expansions 198
13.1.9 EPILOG LASER 200
13.1.9.1 Business overview 200
13.1.9.2 Products/Solutions/Services offered 200
13.1.9.3 Recent developments 201
13.1.9.3.1 Product launches 201
13.1.9.3.2 Expansions 201
 
13.1.10 FANUC CORPORATION 202
13.1.10.1 Business overview 202
13.1.10.2 Products/Solutions/Services offered 203
13.1.11 FURUKAWA ELECTRIC CO., LTD. 204
13.1.11.1 Business overview 204
13.1.11.2 Products/Solutions/Services offered 206
13.1.12 JENOPTIK AG 207
13.1.12.1 Business overview 207
13.1.12.2 Products/Solutions/Services offered 208
13.1.12.3 Recent developments 209
13.1.12.3.1 Product launches 209
13.1.12.3.2 Deals 209
13.1.12.3.3 Expansions 210
13.1.13 LUMENTUM OPERATIONS LLC 211
13.1.13.1 Business overview 211
13.1.13.2 Products/Solutions/Services offered 212
13.1.13.3 Recent developments 213
13.1.13.3.1 Expansions 213
13.1.14 LUMIBIRD 214
13.1.14.1 Business overview 214
13.1.14.2 Products/Solutions/Services offered 215
13.1.14.3 Recent developments 216
13.1.14.3.1 Product launches 216
13.1.14.3.2 Deals 216
13.1.15 NEWPORT CORPORATION 217
13.1.15.1 Business overview 217
13.1.15.2 Products/Solutions/Services offered 217
13.1.15.3 Recent developments 218
13.1.15.3.1 Product launches 218
13.1.16 NLIGHT, INC. 219
13.1.16.1 Business overview 219
13.1.16.2 Products/Solutions/Services offered 220
13.1.16.3 Recent developments 222
13.1.16.3.1 Product launches 222
13.1.16.3.2 Deals 222
13.1.16.3.3 Others 222
13.2 OTHER PLAYERS 224
13.2.1 AMONICS LTD. 224
13.2.2 APOLLO INSTRUMENTS INC. 225
13.2.3 CY-LASER SRL 225
13.2.4 EKSPLA 226
13.2.5 LAGUNA TOOLS 227
13.2.6 LASERSTAR TECHNOLOGIES CORPORATION 228
13.2.7 MAXPHOTONICS CO., LTD. 229
13.2.8 NKT PHOTONICS A/S 230
13.2.9 TOPTICA PHOTONICS AG 230
14 ADJACENT & RELATED MARKETS 231
14.1 INTRODUCTION 231
14.2 LASER TECHNOLOGY MARKET, BY LASER TYPE 231
14.2.1 INTRODUCTION 231
14.2.2 SOLID LASERS 233
14.2.3 LIQUID LASERS 234
14.2.4 GAS LASERS 236
14.2.5 OTHER LASER TYPES 238
15 APPENDIX 240
15.1 DISCUSSION GUIDE 240
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 243
15.3 CUSTOMIZATION OPTIONS 245
15.4 RELATED REPORTS 245
15.5 AUTHOR DETAILS 246