Fiber Laser Market 2023-2027: A Descriptive Analysis of Parent Market, Five Forces Model, Market Dynamics, & Segmentation - Technavio

NEW YORK, Nov. 24, 2022 /PRNewswire/ -- According to Technavio, the global fiber laser market size is projected to grow by USD 8780.64 million from 2022 to 2027. The market is estimated to grow at a CAGR of 11.05% during the forecast period. Moreover, the growth momentum will accelerate. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 30%.

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Global Fiber Laser Market - Parent Market Analysis

Technavio categorizes the global fiber laser market as a part of the electronic equipment and instruments market, which covers manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. The global electronic equipment and instruments market is expected to grow at a moderate pace. Technavio calculates the global electronic equipment and instruments market size by considering the revenue generated from sales of the associated information communication and technology and electronics products, equipment, and components.

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Global Fiber Laser Market - Five Forces

The global fiber laser market is fragmented, and the five forces analysis covers–

• Bargaining Power of Buyers
• Threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of Porter's Five Forces model helps to strategize the business, for entire details - buy report!

Global Fiber Laser Market – Customer Landscape  

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Fiber Laser Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application and region.

• The material processing segment will grow at the highest rate during the forecast period. Material processing includes cutting, welding, engraving, and marking applications for different materials. The material processing segment has been further segmented into high power, marking, fine processing, and micro-processing. High-power applications, which include cutting and welding applications, are the main contributors to the material processing segment.

Geography Overview

By geography, the global fiber laser market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global fiber laser market.

• North America held 30% of the global fiber laser market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period owing to factors such as the presence of major aerospace and defense firms, including Lockheed Martin, BAE Systems, Temporal Defense Systems, and Raytheon. These firms are investing in different technologies to develop new types of weapons and defense systems.

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Global Fiber Laser Market – Market Dynamics

Key factors driving market growth

• The increasing demand for high-powered fiber lasers is a key factor driving the global fiber laser market growth.
• The demand for high-powered lasers has increased, as they are used in various applications such as non-destructive testing in several industries, including aeronautical engineering, civil engineering, electrical engineering, forensic engineering, mechanical engineering, medicine, petroleum engineering, and systems engineering.
• Therefore, the market will observe an increase in the demand for high-powered pulsed fiber lasers, which, in turn, will result in the growth of the global market during the forecast period.

Recent trends influencing the market

• The growth of the three-dimensional (3D) printing market is a key trend in the global fiber laser market.
• 3D printing is used in several industries, such as aerospace and defense, consumer electronics, healthcare, and several others, for manufacturing highly complex structures.
• In many metal-based 3D printers, multiple laser sources, such as fiber lasers, are used to fuse the metallic powder.
• The increase in demand for 3D printing will drive the demand for fiber lasers.
• Such factors will support the growth of the global fiber laser market during the forecast period. 

Major challenges hindering market growth

• The dependence on a limited number of suppliers is a major challenge to the global fiber laser market growth.
• Fiber laser manufacturers rely on third-party vendors for the supply of components integrated into laser systems. However, due to the limited number of suppliers, vendors are facing a shortage in raw material supply.
• Moreover, uncertain global economic conditions lead to fluctuation in the prices of commodities and currency values, thereby affecting suppliers and manufacturers.
• Such factors will impede the growth of the global fiber laser market during the forecast period.

Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of the businesses. Find some insights from a free sample report!

What are the key data covered in this fiber laser market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fiber laser market between 2023 and 2027
• Precise estimation of the size of the fiber laser market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the fiber laser market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of fiber laser market vendors

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• The laser processing market size is projected to grow by USD 2.45 billion with a CAGR of 8.41% between 2021 to 2026. The market is segmented by type (gas, solid-state, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 25: Chart on Application - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Application - Market share 2022-2027 (%)

• 5.2 Comparison by Application 
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application

• 5.3 Material processing - Market size and forecast 2022-2027
• Exhibit 29: Chart on Material processing - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Material processing - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Material processing - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Material processing - Year-over-year growth 2022-2027 (%)

• 5.4 Advanced applications - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Advanced applications - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Advanced applications - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Advanced applications - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Advanced applications - Year-over-year growth 2022-2027 (%)

• 5.5 Healthcare - Market size and forecast 2022-2027
• Exhibit 37: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 5.6 Others - Market size and forecast 2022-2027
• Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 5.7 Market opportunity by Application 
• Exhibit 45: Market opportunity by Application ($ million)

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 46: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 47: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 48: Chart on Comparison by Product Type
• Exhibit 49: Data Table on Comparison by Product Type

• 6.3 Continuous wave fiber laser - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Continuous wave fiber laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Continuous wave fiber laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Continuous wave fiber laser - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Continuous wave fiber laser - Year-over-year growth 2022-2027 (%)

• 6.4 Pulsed fiber laser - Market size and forecast 2022-2027
• Exhibit 54: Chart on Pulsed fiber laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Data Table on Pulsed fiber laser - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Chart on Pulsed fiber laser - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Pulsed fiber laser - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product Type 
• Exhibit 58: Market opportunity by Product Type ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 60: Chart on Market share by geography 2022-2027 (%)
• Exhibit 61: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2022-2027
• Exhibit 64: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.4 APAC - Market size and forecast 2022-2027
• Exhibit 68: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 8.5 Europe - Market size and forecast 2022-2027
• Exhibit 72: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 8.7 South America - Market size and forecast 2022-2027
• Exhibit 80: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 83: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 8.8 US - Market size and forecast 2022-2027
• Exhibit 84: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.9 China - Market size and forecast 2022-2027
• Exhibit 88: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 91: Data Table on China - Year-over-year growth 2022-2027 (%)

• 8.10 India - Market size and forecast 2022-2027
• Exhibit 92: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 95: Data Table on India - Year-over-year growth 2022-2027 (%)

• 8.11 Japan - Market size and forecast 2022-2027
• Exhibit 96: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 99: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 8.12 South Korea - Market size and forecast 2022-2027
• Exhibit 100: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 103: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 8.13 Market opportunity by geography 
• Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Amonics Ltd 
• Exhibit 111: Amonics Ltd - Overview
• Exhibit 112: Amonics Ltd - Product / Service
• Exhibit 113: Amonics Ltd - Key offerings

• 11.4 Apollo Instruments Inc. 
• Exhibit 114: Apollo Instruments Inc. - Overview
• Exhibit 115: Apollo Instruments Inc. - Product / Service
• Exhibit 116: Apollo Instruments Inc. - Key offerings

• 11.5 Calmar Laser Inc. 
• Exhibit 117: Calmar Laser Inc. - Overview
• Exhibit 118: Calmar Laser Inc. - Product / Service
• Exhibit 119: Calmar Laser Inc. - Key offerings

• 11.6 Coherent Corp. 
• Exhibit 120: Coherent Corp. - Overview
• Exhibit 121: Coherent Corp. - Business segments
• Exhibit 122: Coherent Corp. - Key news
• Exhibit 123: Coherent Corp. - Key offerings
• Exhibit 124: Coherent Corp. - Segment focus

• 11.7 CY Laser Srl 
• Exhibit 125: CY Laser Srl - Overview
• Exhibit 126: CY Laser Srl - Product / Service
• Exhibit 127: CY Laser Srl - Key offerings

• 11.8 FANUC Corp. 
• Exhibit 128: FANUC Corp. - Overview
• Exhibit 129: FANUC Corp. - Product / Service
• Exhibit 130: FANUC Corp. - Key offerings

• 11.9 Furukawa Electric Co. Ltd. 
• Exhibit 131: Furukawa Electric Co. Ltd. - Overview
• Exhibit 132: Furukawa Electric Co. Ltd. - Business segments
• Exhibit 133: Furukawa Electric Co. Ltd. - Key offerings
• Exhibit 134: Furukawa Electric Co. Ltd. - Segment focus

• 11.10 Hypertherm Inc. 
• Exhibit 135: Hypertherm Inc. - Overview
• Exhibit 136: Hypertherm Inc. - Product / Service
• Exhibit 137: Hypertherm Inc. - Key offerings

• 11.11 IPG Photonics Corp. 
• Exhibit 138: IPG Photonics Corp. - Overview
• Exhibit 139: IPG Photonics Corp. - Product / Service
• Exhibit 140: IPG Photonics Corp. - Key offerings

• 11.12 Jenoptik AG 
• Exhibit 141: Jenoptik AG - Overview
• Exhibit 142: Jenoptik AG - Business segments
• Exhibit 143: Jenoptik AG - Key news
• Exhibit 144: Jenoptik AG - Key offerings
• Exhibit 145: Jenoptik AG - Segment focus

• 11.13 MACSA ID SA 
• Exhibit 146: MACSA ID SA - Overview
• Exhibit 147: MACSA ID SA - Product / Service
• Exhibit 148: MACSA ID SA - Key offerings

• 11.14 MKS Instruments Inc 
• Exhibit 149: MKS Instruments Inc - Overview
• Exhibit 150: MKS Instruments Inc - Business segments
• Exhibit 151: MKS Instruments Inc - Key offerings
• Exhibit 152: MKS Instruments Inc - Segment focus

• 11.15 NKT AS 
• Exhibit 153: NKT AS - Overview
• Exhibit 154: NKT AS - Business segments
• Exhibit 155: NKT AS - Key offerings
• Exhibit 156: NKT AS - Segment focus

• 11.16 OMRON Corp. 
• Exhibit 157: OMRON Corp. - Overview
• Exhibit 158: OMRON Corp. - Business segments
• Exhibit 159: OMRON Corp. - Key news
• Exhibit 160: OMRON Corp. - Key offerings
• Exhibit 161: OMRON Corp. - Segment focus

• 11.17 TRUMPF SE Co. KG 
• Exhibit 162: TRUMPF SE Co. KG - Overview
• Exhibit 163: TRUMPF SE Co. KG - Business segments
• Exhibit 164: TRUMPF SE Co. KG - Key offerings
• Exhibit 165: TRUMPF SE Co. KG - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 12.5 List of abbreviations 
• Exhibit 172: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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