The major trend being witnessed in the global fiber laser market is the increased investment in the development of fiber laser manufacturing plants. Owing to the increasing demand for fiber laser, a large number of companies engaged in the production of the product are pouring in fresh investments.
On the basis of type, the fiber laser market has been categorized into infrared, ultraviolet (UV), ultrafast, and visible fibers. During the historical period, UV fiber lasers accounted for a significant share as they are widely used for marking purpose on white plastics and cables.
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The major driver identified in the fiber laser market is the technological advancements with respect to fiber production and strength. With the growing investment in research and development activities, the advanced fiber lasers are being developed that have high beam quality and require minimum level of maintenance.
Major restraint identified in the fiber laser market is the reduction in cutting speed during the processing of thicker materials using laser technology. Moreover, the manufacturing processing involving laser technologies also results in non-linear optical effects that serve as a major restraint in the market.
Some of the major players competing in the global market include Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik AG, CY-Laser America LLC, NKT Photonics A/S, Quantel Group, TRUMPF GmbH + Co. KG, Toptica Photonics AG., O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.
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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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