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(Wireless-NewsWire.Com, March 16, 2018 ) Fiber lasers contain the active gain medium, which is an optical fiber integrated with rare-earth elements such as erbium and ytterbium. In a fiber laser, a part of the fiber is used as the resonating cavity. The laser action takes place in this cavity, and laser beams are generated. Fiber lasers are preferred over other lasers such as CO₂ lasers. This is because they are more reliable, efficient, robust, portable, and easier to operate than the other lasers.
Publisher's analysts forecast the global fiber laser market to grow at a CAGR of 11.69% during the period 2017-2021.
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The increasing use of lasers in medical applications is identified as one of the primary growth factors for this market. The adoption of fiber lasers is rising in the medical industry due to their highly reliable features, compact size, high efficiency, and good thermal management properties. The diode-pumped structure makes them small and easy to use. Fiber lasers can focus the beam with higher precision enabling them to cause minimal damage to the surrounding tissues. These advantages have increased the application of fiber lasers in the medical field for spine surgery, cardiovascular surgery, and cataract surgery.
Key vendors
-IPG Photonics
-ROFIN-SINAR Technologies
-TRUMPF
-Newport
-Coherent
Other prominent vendors
-AdValue Photonics
-Calmar Laser
-Furukawa Electric
-Hypertherm
-Lumentum Operations
-Nufern
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Market driver
-Increasing use of lasers in medical application
Market challenge
-Fluctuations in foreign exchange rates
Market trend
-Growing expansion of product portfolios by vendors
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-fiber-laser-market-2017-2021
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