Global Fiber Lasers Market Report 2022, by Type, by Aplication, by End Use

Executive Summary

Major players in the fiber lasers market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG.

The global fiber lasers market is expected to grow from $2.97 billion in 2021 to $3.35 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $5.27 billion in 2026 at a CAGR of 12%.

The fiber laser market consists of sales of fiber lasers. Fiber lasers are used for welding, cutting and other material processing. A fiber integrates beam delivery and laser cavity into a single system inside an optical fiber wherein the beam is generated within the fiber, unlike the conventional lasers.

The main types of fiber lasers are infrared fiber laser, ultraviolet fiber laser and ultrafast fiber laser. Fiber lasers that transmit radiation with wavelengths greater than or equal to 2 μm are known as infrared fiber laser. Fiber lasers are used for marking, micro processing, high power, fine processing by material processing, healthcare and other end-users.

Rise in disposable income drives the growth of automobile and mobile electronics industries which results in growth of the fiber laser market. According to CEIC Data, there has been a 10% rise in disposal income in India which led to growth of automobile and mobile electronics industries. Thus, automobile and mobile electronics markets are growing at a rapid pace and use of fiber lasers becomes indispensable to sustain the growth. Fiber laser is used for labelling, cutting and welding automobile parts. Use of fiber laser makes it easier and convenient for cutting small and complex automobile parts. Mobile electronics devices are getting compact day by day and thus electronic industry also requires fiber laser to cut lean and fragile electronic parts. For instance, companies such as Laserline, Trumpf, and Coherent are developing fiber lasers specially focused on automobile industry.

Nonlinear optical effects act as a restraint on the fiber laser market. Nonlinear optical effect is a phenomenon occurring due to the use of fiber laser which can lead to breakdown and damage of the material on which fiber laser is applied. Also, this can lead to overheating of the material and can cause severe damage to the material. FC Laser Ltd was skeptical about the use of fiber laser. FC Laser was not certain about the versatility and efficiency of the fiber laser and was much more comfortable using CO2 laser.

New technologies such as high-power fiber laser and diode laser have been introduced in the fiber laser market. With 800 nm wavelength, diode laser has the deepest penetration levels. Another new technology, blue laser has also been introduced in the market specially targeted for the welding purpose. Blue laser has higher power and brightness compared to ordinary laser. Also, blue laser does not generate excess heat. These new technologies in fiber laser brings in more precision while welding and cutting of materials. Bystronic, a Switzerland-based laser company is providing all new high power fiber laser and diode laser for welding, cutting and material processing purpose. Also, NUBURU, US-based company invented and manufactures the high-power blue laser technology.

Center for Devices and Radiological Health (CDRH) is a regulatory body in the USA regulating the fiber laser market. CDRH is responsible for manufacturing, implication, performance, and safety pertaining to fiber laser devices. CDRH checks whether the device is properly labelled and are equipped with safety equipment. CDRH oversees whether the manufacturer has provided with the correct classification of laser and whether the manufacturer has attached the warning labels on the device.

In October 2019, Thorlabs, Inc., an American-based optical equipment company, acquired KMLabs’ Y-Fi™ portfolio for an undisclosed amount. The acquisition will allow Thorlabs to pair Y-Fi OPA laser with Bergamo microscopes to offer complete 3-photon imaging solutions. KMLabs, a US-based provider of ultrafast fiber lasers.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fiber lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

• Amonics Ltd.
• Apollo Instruments Inc.
• Coherent Inc.
• IPG Photonics Corporation
• Jenoptik Laser GmbH
• CY Laser SRL
• NKT Photonics A/S
• Quantel Group
• TRUMPF
• Toptica Photonics AG
• Lasertechnologie GmbH
• Sigma Mechatronics Pvt. Ltd.
• SPI Lasers Limited
• Wuhan Raycus Fiber Laser Technologies Co. Ltd.
• Maxphotonics Co.
• Lumentum Operations LLC.
• nLIGHT Inc.
• Keopsys S.A
• Fujikura Ltd.
• Furukawa Electric Co. Ltd.
• Newport Corporation
• EO Technics
• O.R. Lasertechnologie GmbH

Methodology