DUBLIN–(BUSINESS WIRE)–The “Fiber lasers Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global fiber lasers market is expected to grow from $2.17 billion in 2020 to $2.36 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to reach $3.4 billion in 2025 at a CAGR of 9.6%.
Major players in the fiber laser market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation and Jenoptik Laser GmbH.
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 fiber lasers market covered in this report is segmented by type into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser. It is also segmented by aplication into marking, micro processing, high power, fine processing and by end use into material processing, healthcare into others.
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…
