FIBER LASER MARKET ANALYSIS

Fiber Laser Market, By Product Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser), By Application (Material processing, Medical, and Others), and By Region - Global Industry Insights, Trends, Outlook, Opportunity Analysis, 2022-2028

To Be Published : Sep 2024
Code : CMI1421
Formats :
Excel and PDF
Industry : Information and Communication Technology

Regional Analysis

Global Fiber Laser Market Regional Insight:

North America is expected hold the largest share in the global fiber laser market over the forecast period. This is due to high adoption of fiber lasers for application in laser operations such as cosmetic surgeries in the region. For instance, according to The International Society of Aesthetic Plastic Surgery (ISAPS), in 2016, total number of cosmetic surgery procedures performed in the U.S. was pegged at 4,217,862, which is 17.9% of all the cosmetic surgery procedures performed, globally. This is expected to be major factor for growth of the region.

Asia Pacific was the fastest growing fiber laser market in 2016. The market growth is attributed to high presence of electronics manufacturers in this region such as marking electronic epoxy, disk drive flexure welding, battery welding, and sensor welding. According to ZVEI - German Electrical and Electronic Manufacturers’ Association, in 2015, electronics manufacturing sector in Asia accounted for around US$ 3.61 billion with 73% of the market share in the global market.