Global Fiber Laser Market is projected to exhibit a CAGR of over ~15.43% during 2016 – 2021
Date: 19 December 2016
Globally, the growth in fiber lasers is driven by the increasing demand of fiber lasers in various types of manufacturing processing. Industrial fiber laser systems are firmly established in material processing operations among manufacturing industries whole across the globe. Manufacturing industries use different types of sheet cutting, marking, engraving, bonding, etching etc. Additionally the high power continuous wave fiber lasers are gaining wider acceptance in the market place. In terms of industrial application fiber lasers are widely used in macro processing applications, while advance material processing and scientific applications will create fair opportunities for the fiber lasers.
According to Azoth Analytics research report, “GlobalFiber Laser Market: Analysis By Industrial Applications, By End UserApplications, By Region, By Country (2016-2021)
– By Industrial applications (Macro processing , Micro processing , Advance Application and Marking & Engraving), By End User Applications; By Region (North America, Europe, APAC and ROW); By Country (U.S.A, Canada, Mexico, UK, Germany, Japan, China, India) ”, is projected to exhibit a CAGR of over ~15.43% during 2016 – 2021, largely driven by increased use of fiber lasers in automotive sector, aerospace(drilling), medical industry (laser and cosmetic surgery, precision cutting of medical devices etc.) along with increasing research and developments in the field of industrial lasers.
From the market point of view, Fiber laser market is expected to witness a robust growth in the forecast period. Among the regions Asia Pacific hold the major percentage share in the total fiber laser market in the year 2015 (36.92%) projected to display a faster growth in the future, owing to the increasing business entities and growing focus on automation . APAC is predicted to grow with a CAGR of 16.86% during the year 2016-2012F, which is mainly driven by the increase in number of general manufacturing industries along with the rise in the demand of consumer electronics will drive the market. Moreover the need of fiber optic technology in the region along with the industry collaborations has driven the growth of fiber laser market in the region.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global fiber laser market on the basis of Industrial applications (Macro processing , Micro processing , Advance Application and Marking & Engraving ),By Region (North America, Europe, APAC and ROW), By End User Applications.