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Global Fiber Lasers Market Report 2021: Market to Reach $4.4 Billion by 2027 - Ultrafast Fiber Laser is Projected to Account for $2.7 Billion - ResearchAndMarkets.com

March 16, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Mar 16, 2021--

The “Fiber Lasers - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Fiber Lasers Market to Reach $4.4 Billion by 2027

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Amid the COVID-19 crisis, the global market for Fiber Lasers estimated at US$ 2.7 Billion in the year 2020, is projected to reach a revised size of US$ 4.4 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027.

Ultrafast Fiber Laser, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$ 2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Visible Fiber Laser segment is readjusted to a revised 6.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $739.6 Million, While China is Forecast to Grow at 11% CAGR

The Fiber Lasers market in the U.S. is estimated at US$ 739.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 986.6 Million by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Infrared Fiber Laser Segment to Record 6.8% CAGR

In the global Infrared Fiber Laser segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 204.5 Million in the year 2020 will reach a projected size of US$ 313.7 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 608 Million by the year 2027, while Latin America will expand at a 8.1% CAGR through the analysis period.

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Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Fiber Lasers Competitor Market Share Scenario Worldwide (in %): 2020E
  • Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 35 Featured):

  • Amonics Ltd.
  • Apollo Instruments, Inc.
  • Coherent, Inc.
  • CY Laser SRL
  • IPG Photonics Corporation
  • Jenoptik Group
  • NKT Photonics A/S
  • Quantel Group
  • TRUMPF GmbH + Co. KG
  • TOPTICA Photonics AG;

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Market Facts & Figures
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/r7umjw

View source version on businesswire.com:https://www.businesswire.com/news/home/20210316005782/en/

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KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENGINEERING OTHER MANUFACTURING MANUFACTURING STEEL

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 03/16/2021 11:06 AM/DISC: 03/16/2021 11:06 AM

http://www.businesswire.com/news/home/20210316005782/en