The global fiber laser market was valued at USD 4,304 million in 2024 and is projected to experience a significant CAGR of 11.5% from 2024 to 2034.
Fiber lasers are doped with rare-earth elements such as erbium, neodymium, ytterbium, praseodymium, thulium, dysprosium, or holmium. In contrast, gas lasers typically utilize carbon dioxide or helium-neon, while solid-state lasers often use neodymium-doped yttrium aluminum garnet (YAG). The benefits of fiber lasers include ease of use, high reliability, low maintenance, stability, and integration capabilities.
Fiber lasers have various applications in the medical field, including hair treatments, cosmetic procedures, laser tattoo removal, skin disease treatments, dentistry, and aesthetic plastic surgery. According to the American Society for Aesthetic Plastic Surgery, eyelid surgery and liposuction account for over 50% of total expenditures, while non-surgical procedures comprise 44% of the market share.
Key Takeaways from Fiber Laser Market
- North America is expected to witness a CAGR of 10.9% in the fiber laser market due to the US being a hub of automotives and consumer electronics.
- Coming to Europe, Germany leads from the front due to an ever-increasing demand for ICs and semiconductors. It is also subject to fast adoption of compact laser cutting and welding machines. Also, as per Federal Motor Transport Authority, over 394,000 electric cars were registered in Germany in the year 2020 alone. Modern automotives are also seen using LiDAR system.
- The Asia-Pacific is expected to grow at the fastest rate in the fiber laser market, led by Japan. The country is emphasizing on usage of fiber lasers to produce body panels.
- Continuous wave fiber laser holds the largest market share and is expected to continue with its winning streak (~70%) in the near future.
Competitive Landscape
- IPG Photonics Corporation, in November 2018, announced releasing next generation high power lasers. They do come with multi-year service-free operation and claim to be having the least weight.
- Videojet Technologies, in March 2021, tabled ‘Lightfoot’ fiber laser solution to facilitate high speed beverage canning. It does combine standard reliability on the part of videojet fiber laser and dual Lightfoot marking heads’ high speed for meeting every need pertaining to beverage production and canning.
- LVD, in November 2020, came up with a novel large-format fiber laser cutting machine termed as ‘Taurus’, which is particularly designed to suffice extra-large sheet metal cutting capacity. In other words, machine is able to laser cut a broad range of parts, thereby optimizing usage of material and increasing productivity.
- Coherent, in June 2020, tabled a novel 4000 w ‘Highlight FL4000CSM-ARM’ fiber laser conducive to automotive applications. The system paves the way for advanced welding capabilities to cater to tough metals and also aligns to the welding needs for energy storage, e-mobility, and general electric connections comprising dissimilar materials.
Key Segments Covered In Fiber laser Market Study:
By Laser Type:
- Continuous Wave Lasers
- Pulsed Lasers
- Quasi Continuous Wave Laser
Output Power:
- Low Power (Up to 100 Watts)
- Medium Power (100W-2,000W)
- High Power (More than 2,000 W)
Application:
- Cutting
- Welding & Other High Power Applications
- Marking
- Fine & Micro Processing
- Communications and Advanced Applications
- Medical
Region:
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/fiber-laser-market
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