2034 Forecast: Fibre Laser Market to Cross USD 12,782.7 million

The Fiber Laser Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Fiber Laser market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Fiber Laser. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global fiber laser market is expected to reach USD 4,304 million by 2024. It is expected to grow at an 11.5% CAGR over the projected period, reaching a value of USD 12,782.7 million by 2034. The sector is expected to increase by 10.7% year on year in 2024.

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The demand for intricate electronic components is a pivotal factor driving the adoption of fiber lasers in Germany. These lasers find extensive use in precise cutting and perforation of semiconductor wafers and electronic circuits, as well as thin metal welding in automotive body manufacturing. The anticipated rise in demand for electric and autonomous vehicles is expected to further bolster the need for integrated circuits, thereby contributing to the growth of the fiber laser market in Germany.

In the fiber laser market landscape, automation is poised to replace conventional machine marking processes like chemical etching and ink-based printing. This transition is attributed to the suitability of fiber lasers for high-power applications, owing to their user-friendly nature and compact size facilitated by digitization.

Key Takeaways from FMI’s Fiber Laser Market Study:

• North America fiber laser market is forecast to grow at 10.9% CAGR through 2034, backed by rising industrialization and increasing production of consumer electronics in the country.
• Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
• China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
• South Korea and Japan account for 10% of global fiber laser market share in 2024. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.

Key drivers of growth in the fiber laser market include heightened research and development endeavors aimed at creating fiber lasers with superior beam quality, environmental sustainability, and cost-effectiveness. Government initiatives promoting eco-friendly manufacturing, coupled with the integration of Industry 4.0 technologies, are poised to positively influence market expansion. Additionally, the increasing adoption of innovative materials and growing concerns among manufacturers regarding the environmental impact of their products across various sectors are compelling them to turn to fiber lasers for cutting and marking applications, thereby stimulating market growth.

Furthermore, the integration of fiber lasers with 3D printing for efficient material deposition is anticipated to further propel market growth. Market participants are actively engaged in the development of energy-efficient processes to reduce material consumption and operational costs associated with fiber lasers. Notably, fiber laser welding is finding applications in the production of cost-effective and highly reliable batteries for electric vehicles, which is expected to contribute significantly to market growth over the coming decade.

Competitive Analysis:

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share. For instance, Furukawa launched new industrial fiber laser in July 2024. The new laser has high beam quality, time stability and high efficiency.

FMI also predicts that the IPG Photonics Corporation hold around 50% of global market share, TRUMPF GmbH Co. KG holds 17% of global market share, Lumnetum Operations LLC AG holds 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd holds 9%, and Fujikura Ltd holds 4% of global market share in 2024.

Key Segments Profiled in the Global Fiber Laser Market

By Laser Type:

• Continuous Wave Lasers
• Pulsed Lasers
• Quasi Continuous Wave Laser

Output Power:

• Low Power (Up to 100 Watts)
• Medium Power (100W-2,000W)
• High Power (More than 2,000 W)

Application:

• Cutting
• Welding & Other High Power Applications
• Marking
• Fine & Micro Processing
• Communications and Advanced Applications
• Medical

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa