STRATEGIES UNLIMITED FORECASTS WORLDWIDE FIBER LASER REVENUE TO EXCEED $1 BILLION IN 2014
Strategies Unlimited has just published its latest laser report, Fiber Lasers: Market Review and Forecast 2014. Fiber lasers have been the fastest growing laser type for the last several years because they are durable, relatively inexpensive, have a long-life, require less on-going maintenance, and are very power-efficient.
Mountain View, CA / September 5, 2014 — Strategies Unlimited has just published its latest laser report, Fiber Lasers: Market Review and Forecast 2014. Fiber lasers have been the fastest growing laser type for the last several years because they are durable, relatively inexpensive, have a long-life, require less on-going maintenance, and are very power-efficient. Initially, fiber lasers competed in the industrial IR wavelength segment, but newer laser technology is opening up opportunities for fiber lasers in the UV wavelengths, visible wavelengths, and in mid-IR wavelengths. This report covers the growing opportunities of fiber and contains a 5-year forecast for each segment.
Fiber lasers have existed for almost as long as the laser itself, but they weren’t a commercial success until IPG Photonics, looking for alternative sources of revenue, invested heavily in the fiber laser market after seeing its telecom revenue rapidly drop in 2000. Today IPG Photonics is the largest producer of fiber lasers and is largely responsible for their overall success, but as the popularity of the fiber laser increased, so has the number of applications the fiber laser could perform. This has opened up many opportunities for a wide array of laser companies that compete in a variety of fiber laser markets. In 2014, total fiber laser revenue worldwide will exceed $1 billion dollars for the first time.
This report explores many of the wide-ranging fiber laser applications and looks at the present markets and future markets for fiber lasers in both industrial and non-industrial areas. Estimates and 5-year forecasts are included for fiber lasers used in KW+ applications (metal cutting, welding, and others), micro materials (semiconductors, solar, adaptive manufacturing, fine metal work), marking and engraving, printing, medical, military, sensors and research & development.
About Strategies Unlimited
Strategies Unlimited, a division of PennWell Corporation, is the world leader in market research in LEDs and lighting, lasers and photonics devices, and beyond. With a unique blend of in-depth historical market knowledge and technological expertise, Strategies Unlimited produces highly detailed market reports, custom studies, and provides consulting services. Additionally, Strategies Unlimited presents industry events, including the Strategies in Light series and The LED Show, to large audiences worldwide. For additional information about Strategies Unlimited, visit www.strategies-u.com.
About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China. For additional information about PennWell Corporation, visit www.pennwell.com.