May 8 2014
Research and Markets has announced the addition of the "Global Fiber Laser Market Report 2014 - Latest Forecasts & Opportunities, 2018" report to their offering.
The Global Fiber Laser market to grow at a CAGR of 21% to 2018.
Global fiber laser vendors such as IPG Photonics Corp. have already invested a considerable amount of time and money in their R&D division for the expansion of their product portfolio. Vendors in this market are increasingly investing in their R&D division to provide better functionality and to meet the unsatisfied requirements of consumers. The R&D investments by the vendors have enabled them to capture a significant market share and gain a competitive edge over the other vendors in the Global Fiber Laser market. Therefore, the increasing R&D spending by the market vendors is a positive trend that is expected to contribute to the growth of the market during the forecast period.
According to the report, the growth of the Global Fiber Laser market is driven by several factors, one such major driver is the increasing adoption of fiber lasers due to their superior attributes. The benefits of using fiber lasers are expected to foster the demand for fiber lasers across several industries, thereby contributing to the growth of the market.
Further, the report states that one of the key challenges is the long lifespan of fiber lasers, which has led to fluctuations in their demand, thereby affecting the sales of fiber lasers.
Key vendors dominating this space include:
- Coherent Inc
- IPG Photonics Corp.
- Newport Corp
- Rofin-Sinar Technologies Inc
- Trumpf Inc.
Other vendors mentioned in the report are:
- 3S Photonics S.A.S.
- Apollo Instruments Inc.
- Active Fiber Systems GmbH
- Amonics Ltd.
- Advalue Photonics
- Calmar Laser Inc.
- Clark MXR Inc.
- EKSPLA
- ELUXI Ltd.
- EOLITE Systems
- Furukawa Electric Co. Ltd.
- Fianium Ltd.
- FiberLAST Inc.
- GSI Group Inc.
- Hypertherm Inc.
- IMRA America Inc.
- JDS Uniphase Corp.
- JENOPTIK Laser GmbH
- Keopsys SA
- Maxphotonics Co. Ltd.
- Mitsubishi Cable Industries Ltd.
- Miyachi Unitek Corp.
- Mobius Photonics Inc.
- Nufern Inc.
- NKT Photonics A/S
- Nuphoton Technologies Inc.
- Prima Electro North America LLC
- PolarOnyx Inc.
- Quantel Group
- Raycus Fiber Laser Technologies Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/83q3v9/global_fiber
Source: http://www.monteris.com/