Revenue During the Period 2016-2020, at a CAGR of 15.81% of Global Fiber Laser Industry
About Fiber Lasers
Fiber lasers are used for materials processing applications such as cutting and welding, marking, and fine and micro processing of components in the automotive, manufacturing, consumer electronics, and heavy industry sectors. They are also being used extensively for medical applications and R&D purposes.
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Technavios analysts forecast the global fiber laser market to grow at a CAGR of 15.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber laser market for 2016-2020. To calculate the market size, the report considers the sale of fiber laser units for end-user applications. The report does not include revenue generated from aftermarket service of the products.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
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The report also includes a discussion of the key vendors operating in this market.
Key vendors
IPG Photonics
Rofin-Sinar
Trumpf
Newport Spectra-Physics Corp.
Coherent
Other prominent vendors
Active Fiber Systems
Advalue Photonics
Calmar Lase
Furukawa Electric
Hypertherm
Lumentum Operations
Nufern
Market driver
Increased use of fiber lasers in materials processing
For a full, detailed list, view our report
Market challenge
Short supply of rare-earth elements
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