Industrial Fiber Laser Market set to Rocket by over 21% in next Four Years
In order to reach their conclusions, analysts from TechNavio reviewed the current market landscape for Fiber Lasers and considered the prospects for growth in the next four years based on this.
One of the key indicators used in the calculations was the sales revenue figures from Fiber Lasers worldwide. Sales volumes from industries such as Automotive, Manufacturing and Semiconductor were incorporated, with uses including welding, engraving, marking and cutting.
The report did not however include all industries which use Fiber Lasers into account. Specifically, Aerospace, Defense, Healthcare and Communication were excluded. Laser parts as well as the service and maintenance of Fiber Lasers were also not included in the study. Therefore, whilst the report provides a good indication of the likely upward movement for Fiber Lasers globally, there may be some adjustment necessary for these factors.
Critical Issues Addressed
While an increase of 21.4% worldwide, the Global Industrial Fiber Laser Market 2014-2018 report also addressed a number of issues the authors believe are critical for forward movement. As well as covering some of the primary vendors in the market, the report looked at the uncertainty around the lifetime of Fiber Lasers and outlined the increase in R&D spending taking place.
Some of the questions answered by the report include:
- What is driving the Fiber Laser market?
- What are the challenges to market growth?
- What are the primary opportunities and threats faced by vendors?
- What are the key trends?
- What are the strengths and weaknesses of the vendors in this industry?
The Importance of Fiber Lasers
Fiber Lasers are a piece of equipment which has been proven to be not just effective, but particularly flexible and more economical in a wide number of industries. They rely on an optical fiber which is fused with specific rare earth elements such as erbium and ytterbium, which act as a resonating cavity in order to generate the laser beams. These fibers are now preferred over gases such as carbon dioxide, or excimer, to create the Laser because they are considered not just to be easier to operate, but also more reliable, robust and portable too.
Fiber Lasers are able to combine a compact size with a high power output, and with a low price-tag (with no need for constant mechanical adjustments or high maintenance) and eco-friendly attributes, they are fast becoming the industrial processing Laser of choice.
If you are interested in learning more about Fiber Lasers and how they can benefit your business and improve your manufacturing processes then call us direct on +44 (0) 1489 779 696 or complete the form and we will contact you.
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