Global Fiber Laser Market 2017-2021
About Fiber Laser
Fiber lasers contain the active gain medium, which is an optical fiber integrated with rare-earth elements such as erbium and ytterbium. In a fiber laser, a part of the fiber is used as the resonating cavity. The laser action takes place in this cavity, and laser beams are generated. Fiber lasers are preferred over other lasers such as CO₂ lasers. This is because they are more reliable, efficient, robust, portable, and easier to operate than the other lasers.Technavio’s analysts forecast the global fiber laser market to grow at a CAGR of 11.69% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber laser market for 2017-2021. To calculate the market size, the report considers sales and value.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fiber Laser Market 2017-2021
Technavio recognizes the following companies as the key players in the global fiber laser market: IPG, Photonics, ROFIN-SINAR Technologies, TRUMPF, Newport, and Coherent.
Other Prominent Vendors in the market are: AdValue Photonics, Calmar Laser, Furukawa Electric, Hypertherm, Lumentum Operations, and Nufern.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing expansion of product portfolios by vendors. Fiber laser vendors are investing heavily in R&D to improve range and add additional wavelengths and power levels while improving beam quality and introduce new product lines and laser-based systems. Core technologies and experience are expected to assist vendors in expanding the wavelengths of laser operation.”
According to the report, one driver in the market is increasing use of lasers in medical application. Lasers find a lot of use in the medical as well as the aesthetic field for surgical, dental, and therapeutic applications like laser-assisted in situ keratomileusis surgery, optical coherence tomography, skin resurfacing, tattoo removal, hair removal, wrinkle reduction, and body contouring. The adoption of fiber lasers is increasing because of their highly reliable features, compact size, high efficiency, and good thermal management properties.
Further, the report states that one challenge in the market is fluctuations in foreign exchange rates. The uncertainty in the global economy negatively affects the operations of businesses, and one of the prime factors that affect the business of global companies is the exchange rates. In the past few years, the instability of the world economy has led to volatile and unpredictable exchange rates. As a result, the global players in the market are not able to anticipate future conditions and incur significant monetary losses in international trade.
IPG, Photonics, ROFIN-SINAR Technologies, TRUMPF, Newport, Coherent, AdValue Photonics, Calmar Laser, Furukawa Electric, Hypertherm, Lumentum Operations, and Nufern.