Fiber Laser Market Size, Share, Growth Analysis, By Power output(Low power and high power), By Application(Automotive, aerospace, electronics, medical), By Geometric configuration(Continuous wave (CW) fiber lasers and pulsed fiber lasers), By Region - Industry Forecast 2024-2031

Global Fiber Laser Market features a highly competitive landscape, characterized by the presence of several prominent players striving for market dominance. These key players are engaged in intense competition through strategies such as product development, partnerships, mergers and acquisitions, and technological advancements. Some of the major contenders in the market, leveraging their strong R&D capabilities and extensive product portfolios. These players have established themselves as industry leaders by offering a wide range of fiber laser systems catering to diverse industrial applications. Additionally, the market is witnessing the entry of new players, further intensifying the competition. As the demand for fiber lasers continues to grow, competition among market players is expected to escalate, driving innovation and the development of more advanced and cost-effective fiber laser solutions. Market participants are also focusing on expanding their global presence, strengthening distribution networks, and enhancing customer relationships to gain a competitive edge.

Top Player’s Company Profiles

• IPG Photonics Corporation (US)

• Coherent, Inc. (US)

• Trumpf GmbH + Co. KG (Germany)

• Raycus Co., Ltd. (China)

• nLight, Inc. (US)

• Han's Laser Technology Industry Group Co., Ltd. (China)

• Lumentum Holdings Inc. (US)

• Jenoptik AG (Germany)

• Keopsys Group (France)

• EKSPLA (Lithuania)

• Fujikura Ltd. (Japan)

• Quantel Group (France)

• Maxphotonics Co., Ltd. (China)

• Toptica Photonics AG (Germany)

• MKS Instruments, Inc. (US)

• Newport Corporation (US)

• Novae Laser Systems (France)

• FANUC Corporation (Japan)

• Amplitude Laser Group (France)

• SPI Lasers UK Ltd. (UK)

Recent Development

• In February 2024, Bystronic has introduced the ByCut Eco fibre laser. With up to 6kW of fibre power, a broad range of materials can be processed, from steel and stainless, to non-ferrous metals such as aluminum, copper, and brass. 
• In November 2023, Newcastle-based MITS Alloy, renowned for its heavy-duty aluminium Ute trays and canopies, embraced advanced manufacturing technologies to enhance production efficiency and broaden its manufacturing capabilities. This expansion prompted an investment in new sheet metal equipment, including a Yawei fibre laser and Weber deburrer, provided by Applied Machinery. 
• In August 2023, LUMIBIRD Group, the European leader in laser technologies, completed an agreement with the Italian company Prima Industrie to acquire its subsidiary Convergent Photonics (Turin, Italy) and the Convergent assets of Prima Industrie North America (Boston, USA). This acquisition provides Lumibird with innovative solutions and autonomy in semiconductors and high-power fibre lasers, while opening up new markets.