Global Fiber Laser Market Size to worth USD 12.05 Billion by 2033: Market Insight Report

Global Fiber Laser Market Size to worth USD 12.05 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Fiber Laser Market Size is Expected to Grow from USD 3.85 Billion in 2023 to USD 12.05 Billion by 2033, at a CAGR of 12.09% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Fiber Laser Market Size, Share, and COVID-19 Impact Analysis, By Application (High Power, Marking, Fine Processing, and Micro Processing), By Industry (Telecommunication, Automotive, and Medical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

The fiber laser market is the market for devices that use fiber lasers for cutting, welding, and marking materials. Fiber laser is a laser in which the active gain medium is an optical fiber doped with rare-earth elements like erbium, ytterbium, neodymium, dysprosium, praseodymium, thulium, and holmium. Fiber lasers are used in manufacturing, medicine, telecommunications, and consumer electronics industry due to their high energy efficiency, precision, and reliability. Further, fiber lasers are rapidly being adopted as diagnostic and surgical instruments in the medical sector. The increasing use of ultraviolet (UV) fiber lasers in manufacturing, healthcare, and telecommunications is providing a lucrative market growth opportunity. The adoption of fiber lasers in various manufacturing and material processing industries due to their increased energy efficiency and cost-effectiveness is driving the fiber laser market. Further, the market expansion for material processing applications is anticipated to be driven by growing demand for mobile and smart electronic devices as well as growing demand for integrated circuits and wafer shrinking. On the contrary, the high deployment cost of fiber laser systems is challenging the fiber laser market.

The high power segment held the largest market share and is expected to grow at a significant CAGR of 11.5% during the predicted timeframe.

Based on the application, the global fiber laser market is divided into high power, marking, fine processing, and micro processing. Among these, the high power segment held the largest market share and is expected to grow at a significant CAGR of 11.5% during the predicted timeframe. High-power fiber lasers effectively handle rigorous industrial applications that need high energy output with precision for cutting and welding thick metals and complex materials.

The telecommunication segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR growth during the forecast period.

Based on the industry, the global fiber laser market is divided into telecommunication, automotive, and medical. Among these, the telecommunication segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR growth during the forecast period. The expanding telecommunications infrastructure such as fiber-optic networks and data centers contributes to driving the market demand. 

North America is projected to hold the largest share of the global fiber laser market over the forecast period.

North America is projected to hold the largest share of the global fiber laser market over the forecast period. The advanced industrial infrastructure and robust technological ecosystem are driving the market growth. Further, the region’s significant investment in manufacturing and telecommunication infrastructure leads to driving the market for fiber laser. In addition, the growing industrial automation in sectors such as automotive and electronics contributing to propel the market growth.

Asia Pacific is predicted to grow at the fastest CAGR in the fiber laser market over the forecast period. The expanding automotive production across the APAC region is driving the market demand for fiber lasers as most automotive manufacturers prefer to use fiber lasers for resolving their manufacturing issues. Rapid industrialization, technological advancements, and growing automotive, electronics, and telecommunication industries are propelling the fiber laser market.

Company Profiling

Major key players in the fiber laser market include Coherent Corp., CY Laser SRL, IPG Photonics Corporation, Quantel Group, Toptica Photonics AG, Amonics Ltd., Jenoptik Group, Apollo Instruments, Inc., NKT Photonics A/S, TRUMPF, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, IPG Photonics, the world leader in fiber laser technology, announced the launch of LightWELD 2000 XR, the fourth product offering within its handheld laser welding and cleaning product line.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global fiber laser market based on the below-mentioned segments:

Global Fiber Laser Market, By Application

• High Power
• Marking
• Fine Processing
• Micro Processing

Global Fiber Laser Market, By Industry

• Telecommunication
• Automotive
• Medical

Global Fiber Laser Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa