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.
Global Fiber Laser Market is forecasted to grow at a CAGR of 16.24 % during 2016 2021. The strong growth is driven by the increasing demand of fiber lasers in various types 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.
Although, macro processing industrial applications have wider acceptance of fiber lasers, advance applications and marking & engraving industrial application ( precision engineering ) will present fair opportunities for the acceptance of fiber lasers. 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.
According to Azoth Analytics research report, Global Fiber Laser Market: Analysis By Industrial Applications , By End User Applications, By Region, By Country (2016-2021), 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.
Scope of the Report
The report provides coverage by Industrial Applications, By Region, By Country
By Industrial Applications
Marking & Engraving