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Fiber Laser Market – Industry Analysis and Forecast 2020-2024 by Application, and Region

·5-min read

The fiber laser market is expected to grow by USD 8.33 billion, progressing at a CAGR of over 11% during the forecast period.
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201126005424/en/

Technavio has announced its latest market research report titled Global Fiber Laser Market 2020-2024 (Graphic: Business Wire)

The demand for enhanced productivity is one of the major factors propelling market growth. However, factors such as dependency on limited suppliers will hamper market growth.

More details: https://www.technavio.com/report/fiber-laser-market-industry-analysis

Fiber Laser Market: Application Landscape

Several firms are replacing their CO2 lasers with fiber lasers to increase their productivity and ROI. The rising demand for fiber lasers for coding and marking requirements and the growing demand for miniaturization of ICs and wafers will fuel the demand for fiber lasers for materials processing applications. Market growth in the material processing segment will be faster than the growth of the market in the advanced application, healthcare, and other segments.

Fiber Laser Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. The growing demand for semiconductor chips and the presence of several industrial manufacturing plants in APAC are some of the significant factors that will influence fiber laser market growth in this region. Almost 36% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for fiber laser in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • ABB Ltd.

  • Amonics Ltd.

  • Coherent Inc.

  • FANUC Corp.

  • IPG Photonics Corp.

  • Jenoptik AG

  • MKS Instruments Inc.

  • NKT Photonics AS

  • OMRON Corp.

  • TRUMPF GmbH + Co. KG.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application

  • Comparison by application

  • Material processing - Market size and forecast 2019-2024

  • Advanced application - Market size and forecast 2019-2024

  • Healthcare - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Technological advances in fiber lasers

  • Focus on sustainable manufacturing

  • Focus on inorganic growth

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Coherent Inc.

  • FANUC Corp.

  • Furukawa Electric Co. Ltd.

  • IPG Photonics Corp.

  • Keopsys Group

  • Lumentum Holdings Inc.

  • Maxphotonics Co. Ltd.

  • nLIGHT Inc.

  • TRUMPF GmbH + Co. KG

  • Wuhan Raycus Fiber Laser Technologies Co. Ltd.

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005424/en/

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