Fiber Laser Market Set to Surge with a 10.8% CAGR, Expected to Reach US$10 Billion by 2030
The global fiber laser market is poised for significant growth, with a remarkable CAGR of 10.8% during the assessment period from 2023 to 2030. By the end of 2030, the market is anticipated to achieve a value of approximately US$10 billion.
Key Market Insights
Fiber lasers represent a departure from traditional lasers by integrating beam transport and a laser cavity into a single system within an optical fiber. These lasers find applications in laser marking systems, offering exceptional dimensional accuracy for manufacturing electronic devices. Fiber lasers are employed in various material processing tasks, including welding, cutting, and more. The market classifies fiber lasers into three categories: infrared fiber lasers, ultraviolet fiber lasers, and ultrafast fiber lasers. Key applic...