Fiber Laser Market Size was valued at USD 3.5 Billion in 2022. The Fiber Laser industry is projected to grow from USD 3.92 Billion in 2023 to USD 9.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2024 - 2032). Fiber Lasers are increasingly gaining traction for their usage, and Fiber Lasers gaining traction are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Fiber Lasers are experiencing a surge in adoption across various industrial applications, driving growth in the Fiber Laser market. Industries such as automotive, aerospace, electronics, and manufacturing are increasingly turning to Fiber Lasers for their superior performance, precision, and efficiency in cutting, welding, marking, and engraving processes. The high beam quality and reliability of Fiber Lasers make them ideal for achieving intricate and high-quality results, leading to their widespread integration into production lines and manufacturing facilities worldwide. This factor drives the market CAGR.
Additionally, a notable trend in the Fiber Laser market is the continuous advancement of high-power Fiber Lasers. Technological innovations have enabled the development of Fiber Lasers with increasingly higher power outputs, expanding their capabilities in various applications, including heavy-duty metal cutting and welding tasks. The demand for high-power Fiber Lasers is driven by the need for faster processing speeds, improved productivity, and the ability to handle thicker materials. As manufacturers seek to enhance efficiency and throughput, the demand for high-power Fiber Lasers is expected to continue growing.
Fiber Lasers are finding new applications in the medical and healthcare sectors, contributing to the diversification of the Fiber Laser market. Medical device manufacturing, surgical procedures, and aesthetic treatments are some areas where Fiber Lasers are gaining traction. Fiber Lasers offer precise control and minimal thermal damage, making them suitable for various medical applications, including laser surgery, ophthalmology, dermatology, and dental procedures. With the increasing emphasis on minimally invasive treatments and advanced medical technologies, the demand for Fiber Lasers in the medical field is projected to rise steadily. For instance, IPG Photonics launched three deep ultraviolet (Deep UV) lasers with proprietary non-linear crystals, providing more robust and flexible solutions over lasers using conventional frequency conversion materials for micromachining applications. This strategic product launch is projected to increase IPG Photonics’ sales for Fiber Lasers. Thus, driving the Fiber Laser market revenue.
The Fiber Laser market segmentation, based on type, includes Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser. The dominant category is infrared Fiber Lasers, primarily due to their extensive use in industrial applications such as metal cutting, welding, and marking. Infrared lasers offer high-power outputs and excellent beam quality, making them well-suited for precision machining tasks commonly encountered in industrial settings. Meanwhile, the fastest-growing category is Ultrafast Fiber Lasers, driven by their increasing adoption in scientific research, materials processing, and medical applications.
The Fiber Laser market segmentation, based on Application, includes High Power, Marking, Fine Processing, and Micro Processing. The dominant category is high-power applications, primarily driven by the demand from industries such as automotive, aerospace, and manufacturing. Fiber Lasers are used for cutting and welding thick materials. Meanwhile, the fastest-growing category is marking, fueled by the increasing adoption of Fiber Lasers for product identification, labeling, and engraving across various sectors, including electronics, packaging, and medical devices.
Figure1: Fiber Laser Market, by Application, 2022&2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American fiber laser market will dominate this market, owing to the robust manufacturing sector, particularly in industries such as automotive, aerospace, and electronics, which are significant users of fiber lasers for cutting, welding, and marking applications. In addition, the growing number of established health clubs and fitness facilities will boost market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FIBER LASER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Fiber Laser market accounts for the second-largest market share due to the high-quality manufacturing drives the demand for Fiber Lasers with superior performance and reliability. Further, the German Fiber Laser market held the largest market share, and the UK Fiber Laser market was the fastest-growing market in the European region.
The Asia-Pacific Fiber Laser Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rapid industrialization and economic development driving the demand for advanced manufacturing technologies, including Fiber Lasers, in industries such as automotive, electronics, and semiconductor manufacturing. Moreover, China’s Fiber Laser market held the largest market share, and the Indian fiber Laser market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fiber Laser market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Fiber Laser industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Fiber Laser industry to benefit clients and increase the market sector. In recent years, the Fiber Laser Industry has offered some of the most significant advantages. Major players in the Fiber Laser market, including CY Laser SRL, IPG Photonics Corporation, Quantel Group, Toptica Photonics AG, Amonics Ltd, Jenoptik Group, Apollo Instruments, Inc, Coherent Corp., NKT Photonics A/S, TRUMPF, and others, are attempting to increase market demand by investing in research and development operations.
Yamazaki Mazak Corporation is a leading global manufacturer of machine tools, including CNC (Computer Numerical Control) lathes, machining centers, multi-tasking machines, and laser processing machines. Founded in 1919 and headquartered in Aichi Prefecture, Japan, Yamazaki Mazak has a rich history of innovation and excellence in the machine tool industry. Yamazaki Mazak, the leading machine tool builder, has launched “FG-400 NEO”, a 3D Fiber Laser cutting machine for steel products worldwide. The FG-400 NEO is equipped with an energy-efficient Fiber Laser oscillator that offers high productivity and energy conversion efficiency. This new product is also capable of cutting highly reflective materials such as aluminum, brass, and copper. This strategic product launch has enhanced Mazak’s potential sales for Fiber Laser in Japan.
Videojet Technologies is a global leader in coding, marking, and printing solutions, specializing in industrial printing technologies. Founded in 1969 and headquartered in Wood Dale, Illinois, USA, Videojet offers a comprehensive range of inkjet printers, laser markers, thermal transfer printers, and labeling systems used for product identification, traceability, and variable data printing applications. In March 2021, Videojet Technologies launched the "Lightfoot™" Fiber Laser solution for high-speed beverage canning. This new Fiber Laser system combines the standard reliability of a Videojet Fiber Laser with the high speed of dual Lightfoot marking heads to meet the growing beverage canning and production needs.
In November 2020, launched a new large-format Fiber Laser cutting machine called “Taurus” specially designed for extra-large sheet metal cutting capacity. The machine can laser-cut a wide range of parts, thus increasing productivity and optimizing material usage.
June 2020: Coherent introduced a new 4000 W "HighLight FL4000CSM-ARM" Fiber Laser ideal for automotive applications. This new system offers advanced welding capabilities for difficult-to-weld metals and aligns with welding requirements for e-mobility, energy storage, and general electrical interconnects consisting of dissimilar materials.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.5 Billion |
| Market Size 2023 | USD 3.92 Billion |
| Market Size 2032 | USD 9.86 Billion |
| Compound Annual Growth Rate (CAGR) | 12.20% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | CY Laser SRL, IPG Photonics Corporation, Quantel Group, Toptica Photonics AG, Amonics Ltd, Jenoptik Group, Apollo Instruments, Inc, Coherent Corp., NKT Photonics A/S, TRUMPF, and others. |
| Key Market Opportunities | · Fiber Lasers are increasingly gaining traction for their usage. |
| Key Market Dynamics | · Fiber Laser gaining traction. |
Frequently Asked Questions (FAQ) :
The Fiber Laser market size was valued at USD 3.5 Billion in 2022.
The global market is projected to grow at a CAGR of 12.20% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are CY Laser SRL, IPG Photonics Corporation, Quantel Group, Toptica Photonics AG, Amonics Ltd, Jenoptik Group, Apollo Instruments, Inc, Coherent Corp., NKT Photonics A/S, and TRUMPF.
The Infrared Fiber Laser category dominated the market in 2022.
The High-power segment had the largest share in the global market.
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