Technavio has announced its latest market research report titled Global Fiber Laser Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Fiber Laser Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The global fiber laser market size is poised to grow by USD 8.33 billion during 2020-2024, progressing at a CAGR of over 11% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The demand for enhanced productivity will be a significant factor in driving the fiber laser market growth. The aerospace and defense, consumer electronics, healthcare, industrial, and manufacturing industries are increasingly adopting new technologies and tools to enhance their productivity. Fiber laser cutting systems are known to offer higher productivity than a CO2 laser system. Hence, with the increasing demand for enhanced productivity from end-user industries, the need for fiber lasers will also grow.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Growing Use of Fiber Lasers in Thin-sheet and Micro-cutting Applications will be a Key Market Trend
Fiber laser offers several advantages over gas or other solid-state lasers. The optical fiber used as an active gain medium in a fiber laser can be twisted to accommodate any directional changes. The flexibility of fiber lasers allows for a compact design of cutting heads. The absence of any moving parts makes the maintenance of fiber lasers easier than other laser sources. The efficient cooling mechanisms allow fiber lasers to operate continuously for longer durations. The demand for fiber laser cutting will be especially high in the electronic and medical industries where twists and turns in miniature products and micro-cutting applications is required. The growing use of fiber lasers in thin-sheet and micro-cutting applications, which is one of the critical fiber laser market trends, will positively influence the growth of the market during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Fiber Laser Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
PART 02: SCOPE OF THE REPORT
PART 06: MARKET SEGMENTATION BY APPLICATION
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Global Fiber Laser Market will grow by USD 8.33 bn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/