DUBLIN, May 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Fiber Laser Market 2016-2020" report to their offering.
The report forecasts the global fiber laser market to grow at a CAGR of 15.81% during the period 2016-2020.
Fiber lasers are used for materials processing applications such as cutting and welding, marking, and fine and micro processing of components in the automotive, manufacturing, consumer electronics, and heavy industry sectors. They are also being used extensively for medical applications and R&D purposes.
A new trend in the fiber laser market is the development of ribbon-core fiber lasers. Researchers have developed ribbon-core fiber lasers to improve the fiber laser output drastically while maintaining beam quality. Ribbon-core fiber lasers are made up of a line of doped silica rods surrounded by undoped rods to increase the beam quality. The refractive index of the central ribbon core is high, which helps focus the light. These fiber lasers can produce high levels of power without getting thermally damaged.
According to the report, a key market driver is the increased use of fiber lasers in materials processing. The flexibility of using an extensive range of materials and the advantages of using lasers over other conventional processes have made them the first choice for many materials processing applications such as metal welding, plastic welding, and brazing mostly in automotive engineering, cladding or repair welding, and cutting of metals for the machine tooling, automobile, and medical sectors. Fiber lasers are solid-state lasers and offer high solid-state reliability and convenience. Materials processing involves chemical or mechanical steps for product manufacturing across industries such as automotive, general manufacturing, heavy industry, aerospace, and electronics.
Further, the report states that shortages in the supply of rare earth elements used in fiber lasers will have an adverse impact on market growth.
- IPG Photonics
- Newport Spectra-Physics Corp.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Summary of key figures
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/jsxgm3/global_fiber
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SOURCE Research and Markets