Huge Demand of Fiber Laser Market
Added: (Mon May 07 2018)
Pressbox (Press Release) -
PMR published a report titled, Global Fiber Laser Market Report 2018. According to the report, the market was valued at $1,677 million in 2017, and is expected to grow at a CAGR of 10.3% by the end of 2025.
The report provides a detailed analysis of the overall market size, sales, and forecast of the market trends. It studies the scope of the market, key segments, regional analysis, revenue comparisons, and company profiles. The report is a vital source of information for stakeholders, business analysts, and entry-level organizations.
The growth of the global fiber laser market is driven by increased internet usage, demand for faster communication, and need for larger bandwidth in the telecommunication. Furthermore, the -growth in digital communication has boosted the market. In addition, fiber optics provide a safe, fast, secure, and reliable transfer compared to copper wires.
This resulted in an increased adoption of fiber optics in telecommunication sector, which is another factor driving the global fiber laser market. However, there are several factors that hinder the global fiber laser market. A major factor restraining the growth of global fiber laser market is the optical nonlinear characteristics. Furthermore, the high installation cost hampers the growth of fiber laser market. Moreover, optic fibers are more fragile compared to copper wires. The growth of wireless communication has also reduced the sale of global fiber laser. However, the manufactures have developed mare enduring, low cost, and more efficient fiber laser, which created more opportunities in the market. Furthermore, the rapid growth of technological advancement in optical field has introduced several opportunities in fiber laser market, which increased the investments across the globe.
The report provides a segmentation of the global fiber laser market based on its type, application, laser power, and geography. By type, the global fiber laser market is split into continuous wave fiber laser and pulsed fiber laser. According to the research, sales of continuous wave fiber laser have increased more than the pulsed fiber laser from 2013 to 2017. The report is analyzed according to the sale generated by the regions including North America, Europe, Asia-Pacific and LAMEA. According to the study, China is responsible for the highest market share of fiber laser with sale of over 59,667 units in 2017. The in-depth analysis of region-wise growth plays an important role in determining the opportunities in the market. The report is segmented by applications such as high power, marking, fine processing, and micro processing. It provides the statistics of the market size and its forecast. The report is fragmented depending on laser power from 100W to 8000W.
The study offers a comprehensive analysis of the key players in the global fiber laser market. It provides a study of every manufacturer of fiber laser to determine the new opportunities and investments in the industry. In addition, the manufacturers such as IPG Photonics, Trumpf, Coherent, Raycus, Maxphotonics, nLIGHT, Lumentum Operations, Jenoptik, EO Technics, Fujikura, and JPT Opto-electronics are compared to provide a detailed analysis of sales.