Fiber Laser Market - Introduction
Fiber Laser is laser where the active medium being used in an optical fiber that has doped in rare elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium or dysprosium.
A fiber laser is a special type of laser in which beam delivery as well as the laser cavity is integrated into a single system inside an optical fiber with the beam generated within the fiber, unlike conventional lasers where the beam is generated outside and sent into the system.
Fiber Laser Market- Competitive Landscape
On May 2017, Management software solutions provider Lantek Systems had signed a partnership agreement with fiber laser manufacturer Nukon to supply Lantek software with its machines. Nukon's range of fiber laser machines is available in power levels up to 6kW and have an option for linear drives, which gives acceleration of up to 3G. On February 2014, IMRA America Inc. and Trumpf GmbH + Co. KG announced partnership to combined capabilities of fiber lasers in the picosecond regime
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TRUMPF GmbH & Co KG
Founded in 1923, TRUMPF GmbH & Co KG is located in Germany. The company provides machine tools, laser technology, and electronics for industrial applications, printing, drill driver, slat cleaners, seam locker, power fastener, profile nibbler, induction generators, storage system, and automation equipment. With 13,400 employees, the company generated a sales of 3,566 million euros in the 2017/18 fiscal year.
NKT Photonics A/S
Established in 1972, NKT Photonics A/S is located in the US. NKT Photonics A/S is one of the leading supplier and manufacturers of high-performance fiber lasers, fiber optic sensing systems, and photonic crystal fibers. It offers super continuum lasers, super continuum accessories/filters, single frequency lasers, OCT systems and sources, ultrafast laser solutions, gain modules and double-clad fibers, fiber delivery solutions, photonic crystal fibers, imaging systems, pulsed lasers, and specialty fibers.
Established in 1966, Diodes Incorporated is located in the US. Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally.
Apollo Instruments, Inc
Founded in 1996, AEG Power Solutions is located in the US. Apollo Instruments, Inc. is a global leader in today's laser diode market. The laser diode products based on this technology can be used for an array of applications including material processing and medical research. The diode sources are highly suitable for solid-state laser pumping, material process.
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Fiber Laser Market - Dynamics
Highly Reliable and stable compared to other type of fiber laser is driving demand for Fiber Laser
Fiber Laser is highly powerful, reliable and stable compared to other types of lasers. High beam quality is provided by fiber lasers. It is also compact and portable, and is relatively easier to use. It has high optical and electrical efficiency. The total cost of ownership involved is much lower, and it has a high immunity to tough environmental conditions and changes. The amplitude noise is low and also has low jitter. Users are able to select the wavelengths and have precise beam control with a fiber laser.
Manufacturers Focus on Innovative Techniques to Enter Developing Fiber Laser Market
Fiber laser technology is attracting a great deal of attention due to its numerous applications in fields as diverse as micromachining, biology and medical sciences or telecommunications and its potential as a substitute for solid-state lasers in industrial and technological applications. Manufacturers in the Fiber Laser market are increasingly investing in the research and development activities to find new and innovative techniques to develop Fiber Laser. The Fiber Laser market is highly fragmented with the presence of several manufacturers, especially in the developing regions. Moreover, with the increasing number of manufacturers, product differentiation has become vital to gain competitive edge in the Fiber Laser market.
Reducing Cutting Speed of thick material Restraining Fiber Laser Market Growth
Fiber lasers are widely used in many applications such as drilling, welding, cutting and marking and in many industries such as automotive, medical, electronics and manufacturing. Reduced cutting speed while processing thicker materials and undesired pulse pedestals & non-linear optical effects are some of the factors that restrain the market growth.
Fiber Laser Market Segmentation
Based on the type, the Fiber Laser market is segmented into
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Picosecond Fiber Laser
- Femtosecond Fiber Laser
- Visible Fiber Laser
- Quasi-CW Green Fiber Laser
- Nanosecond Fiber Laser
Based on the application, the Fiber Laser market is segmented into
- High Power
- Flat Sheet Cutting
- Tube Cutting
- 3D Cutting
- Welding & Others
- Power Train
- Tube Welding
- Car Body Scanner Welding
- Car Body Seam Welding/Brazing
- Fine Processing
- Micro Processing
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.