CNC Fiber Laser Market size was valued at USD 2.6 billion in 2022 and is expected to grow to USD 4.53 billion by 2030 and grow at a CAGR of 7.2% over the forecast period of 2023-2030.
CNC CO2 laser cutters, CNC routers, CNC crystal laser cutters, CNC plasma cutters, CNC fiber laser cutters, press brakes, turret punching machine, and hydraulic shearing machine are the product segments. Due to its high speed, precision, and accuracy, CNC fiber laser cutters held the biggest market share in 2022.
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Furthermore, CNC fiber laser cutters provide high-quality cuts on a variety of materials, as well as energy economy and low maintenance. Furthermore, the increasing use of fiber laser cutters in industrial applications due to their ability to handle intricate patterns and fast cutting speeds is driving market expansion. Finally, the aforementioned factors are significantly driving the growth of the CNC fiber laser market.
Educational institutes, construction, aerospace, consumer electronics, medical & healthcare, transportation, and others are the end-user segments. As CNC fiber lasers are used to precisely cut metal sheets and plates for various building components such as beams, columns, trusses, and connections, the construction industry accounted for the greatest market share of 28.4% in 2022. High-speed cutting and the ability to work with diverse metal thicknesses enable accurate manufacture of structurally important pieces. CNC fiber lasers are also used to cut and shape structural steel elements in buildings and bridges. The lasers make the delicate cuts and notches needed for joints, connectors, and unique designs, resulting in precise fits and seamless assembly while saving on-site changes and personnel expenses. Furthermore, CNC fiber lasers carve metals into shapes.
Increased need for automation
CNC fiber lasers use a laser beam that is highly concentrated and accurately controlled by a computer numerical control (CNC) system. Precise control enables intrinsic cuts and markings that were previously difficult to create using traditional methods. Furthermore, CNC fiber lasers enable precise pattern engravings on jewelry and fine details on electronic gadgets, propelling fiber laser usage even further. Furthermore, the consistency and reproducibility provided by CNC fiber lasers ensure that each manufactured piece meets the same high accuracy requirement. CNC fiber lasers provide a solution by giving unprecedented precision, allowing producers to create complicated designs and fine features on a variety of materials.
Increasing demand for high-quality goods
RESTRAIN:
Lack of ventilation in CNC fiber laser machines is impeding industry expansion.
CNC fiber laser machines produce high-energy laser beams that interact with materials during cutting, engraving, and marking operations. Furthermore, as materials vaporize, laser cutting emits fumes, smoke, and particles. Inadequate ventilation causes wastes to accumulate in the working area, creating health concerns to machine operators due to potential exposure to dangerous compounds and poor air quality. Furthermore, the formation of combustible gases, vapors, and particles in an inadequately ventilated atmosphere is prone to fire incidents, especially when working with materials such as plastic and wood. Finally, the inadequate ventilation associated with CNC fiber laser machines is hindering global market growth.
OPPORTUNITY:
Rising interest in 3D printers in industrial manufacturing
CNC fiber lasers used in conjunction with additive manufacturing precisely melt and fuse metal powders layer by layer, allowing the construction of detailed and sophisticated shapes that were previously difficult to create using standard subtractive manufacturing methods. Furthermore, the integrated technique enables the selective melting and fusion of various materials inside the same part, paving the way for the creation of functional gradients, composite structures, and components with changing material properties. Furthermore, integration is used for post-processing procedures like as surface finishing, polishing, and labeling, which streamlines the manufacturing process and reduces the need for additional equipment. Finally, the combination of CNC fiber lasers with additive manufacturing is expected to
Increasing advantages of fiber laser cutting over traditional CO2 lasers
CHALLENGES:
Technological advancements
The laser cutting head may move along two different axes while rotating thanks to double-axis swing technology. The laser's multi-dimensional mobility capabilities allow it to approach the material from multiple angles, allowing for precise cutting of complex shapes, bevels, chamfers, and contours. Furthermore, double axis swing enables excellent reproducibility, finer adjustments, and minimizes workpiece interference during complex form processing. As a result, the capacity of double-swing axis systems to provide higher productivity with shorter processing times is significantly contributing to the growth of the CNC fiber laser industry. Amada Press System Co., Ltd., for example, introduced the LM-I6A, a 15-axis CNC machine with a wire-rotating mechanism and a double-swing axis, in March 2023. The equipment allows for great reproducibility, delicate movement, and high-precision processing, all of which contribute considerably to the market's growth
IMPACT OF RUSSIAN UKRAINE WAR
Russia's war in Ukraine might cause neon production, a vital gas in sophisticated semiconductor manufacturing, to plummet to alarmingly low levels at a time when the world is already facing a chip scarcity. Neon is necessary for lasers used in the lithography process, in which machines cut patterns onto tiny wafers of silicon manufactured by companies such as Samsung, Intel, and TSMCH. According to Peter Hanbury, a semiconductor expert at research firm Bain & Co., a few of Ukrainian companies create more than half of the world's neon. Among them are Mariupol-based Ingas, as well as Cryoin and Iceblick is an Odesa-based company. With world-class Ukrainian companies closing their doors, neon As the crisis carries on, production is projected to plummet. According to Techcet estimates, global neon usage for semiconductor fabrication reached around 540 metric tons last year. Given that Ukraine generates more than half of the world's neon, the figure may fall below 270 metric tons in 2022 if the country's neon plants remain closed.
IMPACT OF ONGOING RECESSION
Thermal damage is unavoidable when laser cutting CFRP laminates due to the drastically differing thermal characteristics of carbon fiber and resin matrix, which has a negative impact on composite structure assembly accuracy and service performance. This study proposed a newly designed fiber laser-CNC milling cooperative machining technique to slot 10.0mm thick CFRP plates. It combined the benefits of high efficiency and high material removal rate during the high-power laser cutting process, as well as good surface quality in milling with limited cutting allowance and high cutting speed. The impact of various machining strategies/methods, cutting settings, and thermal damage on surface quality and morphology was thoroughly examined. Thermal flaws such as cracks, striations, projecting fibers, and matrix FeCesSion were the most common damage seen during laser processing of thick CFRP laminates while laser-CNC milling. The cooperative machining approach effectively slotted a 10.0mm thick CFRP plate without heat damage and with a kerf angle of 5.4um. This study's experimental results showed that the proposed cooperative machining approach was a superior way for slotting thick CFRP laminates with superior quality and efficiency.
By Product
CNC CO2 Laser Cutter
CNC Crystal Laser Cutter
CNC Fiber Laser Cutter
By Type
Stationary Gantry Type
Movable Gantry Type
By Application
Wood Working
Stone Working
Metal Working
Others
By End User
Automotive
Building & Construction
Consumer Electronics
Aerospace & Defense,
Medical
Energy & Power
Furniture
Transportation
Others
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North America is predicted to increase at a CAGR of more than 11.8% during the projection period. According to study, the United States will account for 72% of the North American market share through 2033.
The presence of a highly advanced manufacturing sector in the United States is one of the primary elements driving the country's market growth. According to the CMS Office of the Actuary, the manufacturing industry accounts for 10.9% of all claims the economy of the United States in terms of Gross Domestic Product (GDP).
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players are IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co. Ltd, Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co. Ltd., Keopsys S.A., Fujikura Ltd, NLIGHT Inc. and other players are listed in a final report.
Newport Corporation-Company Financial Analysis
Videojet Technologies will introduce its "LightfootTM" fiber laser technology for high-speed beverage canning in March 2021.To address the ever-increasing beverage canning and production needs, this innovative fiber laser system combines the standard dependability of a Videojet fiber laser with the fast speed of dual Lightfoot marking heads.
In November 2020, LVD will introduce the "Taurus," a new large-format fiber laser cutting machine designed specifically for extra-large sheet metal cutting capacity. The equipment can laser cut a wide variety of items, enhancing production and reducing material waste.
Coherent will release a new 4000 W "HighLight FL4000CSM-ARM" fiber laser for automotive applications in June 2020. This innovative system provides advanced welding capabilities for difficult-to-weld metals and conforms to welding standards e-mobility, energy storage, and general electrical connectivity requirements
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 2.6 Bn |
|
Market Size by 2030 |
US$ 4.53 Bn |
|
CAGR |
CAGR of 7.2% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Product (CNC CO2 Laser Cutter, CNC Crystal Laser Cutter, CNC Fiber Laser Cutter), By Type (Stationary Gantry Type, Movable Gantry Type), By Application (Wood Working, Stone Working, Metal Working, Others), By End User (Automotive, Building & Construction, Consumer Electronics, Aerospace & Defense, Medical, Energy & Power, Furniture, Transportation, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Maxphotonics Co., Ltd., Coherent Inc., Newport Corporation, Wuhan Raycus Fiber Laser Technologies Co. Ltd, Lumentum Operations LLC, Fanuc Corporation, Furukawa Electric Co. Ltd., Keopsys S.A., Fujikura Ltd, NLIGHT Inc. |
|
Market Opportunities |
•Rising interest in 3D printers in industrial manufacturing •Increasing advantages of fiber laser cutting over traditional CO2 lasers |
|
Market Challenges |
•Technological advancements |
CNC Fiber Laser Market is anticipated to expand by 7.2% from 2023 to 2030.
USD 4.53 billion is expected to grow by 2030.
CNC Fiber Laser Market size was valued at USD 2.6 billion in 2022
North America is dominating the CNC Fiber Laser Market.
Increased need for automation, Increasing demand for high-quality goods
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. CNC Fiber Laser Market Segmentation, By Product
8.1 CNC CO2 Laser Cutter
8.2 CNC Crystal Laser Cutter
8.3 CNC Fiber Laser Cutter
9. CNC Fiber Laser Market Segmentation, By Type
9.1 Stationary Gantry Type
9.2 Movable Gantry Type
10. CNC Fiber Laser Market Segmentation, By Application
10.1 Wood Working
10.2 Stone Working
10.3 Metal Working
10.4 Others
11. CNC Fiber Laser Market Segmentation, By End User
11.1 Automotive
11.2 Building & Construction
11.3 Consumer Electronics
11.4 Aerospace & Defense,
11.5 Medical
11.6 Energy & Power
11.7 Furniture
11.8 Transportation
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America CNC Fiber Laser Market by Country
12.2.2North America CNC Fiber Laser Market by Product
12.2.3 North America CNC Fiber Laser Market by Type
12.2.4 North America CNC Fiber Laser Market by Application
12.2.5 North America CNC Fiber Laser Market by End User
12.2.6 USA
12.2.6.1 USA CNC Fiber Laser Market by Product
12.2.6.2 USA CNC Fiber Laser Market by Type
12.2.6.3 USA CNC Fiber Laser Market by Application
12.2.6.4 USA CNC Fiber Laser Market by End User
12.2.7 Canada
12.2.7.1 Canada CNC Fiber Laser Market by Product
12.2.7.2 Canada CNC Fiber Laser Market by Type
12.2.7.3 Canada CNC Fiber Laser Market by Application
12.2.7.4 Canada CNC Fiber Laser Market by End User
12.2.8 Mexico
12.2.8.1 Mexico CNC Fiber Laser Market by Product
12.2.8.2 Mexico CNC Fiber Laser Market by Type
12.2.8.3 Mexico CNC Fiber Laser Market by Application
12.2.8.4 Mexico CNC Fiber Laser Market by End User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe CNC Fiber Laser Market by Country
12.3.1.2 Eastern Europe CNC Fiber Laser Market by Product
12.3.1.3 Eastern Europe CNC Fiber Laser Market by Type
12.3.1.4 Eastern Europe CNC Fiber Laser Market by Application
12.3.1.5 Eastern Europe CNC Fiber Laser Market by End User
12.3.1.6 Poland
12.3.1.6.1 Poland CNC Fiber Laser Market by Product
12.3.1.6.2 Poland CNC Fiber Laser Market by Type
12.3.1.6.3 Poland CNC Fiber Laser Market by Application
12.3.1.6.4 Poland CNC Fiber Laser Market by End User
12.3.1.7 Romania
12.3.1.7.1 Romania CNC Fiber Laser Market by Product
12.3.1.7.2 Romania CNC Fiber Laser Market by Type
12.3.1.7.3 Romania CNC Fiber Laser Market by Application
12.3.1.7.4 Romania CNC Fiber Laser Market by End User
12.3.1.8 Hungary
12.3.1.8.1 Hungary CNC Fiber Laser Market by Product
12.3.1.8.2 Hungary CNC Fiber Laser Market by Type
12.3.1.8.3 Hungary CNC Fiber Laser Market by Application
12.3.1.8.4 Hungary CNC Fiber Laser Market by End User
12.3.1.9 Turkey
12.3.1.9.1 Turkey CNC Fiber Laser Market by Product
12.3.1.9.2 Turkey CNC Fiber Laser Market by Type
12.3.1.9.3 Turkey CNC Fiber Laser Market by Application
12.3.1.9.4 Turkey CNC Fiber Laser Market by End User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe CNC Fiber Laser Market by Product
12.3.1.10.2 Rest of Eastern Europe CNC Fiber Laser Market by Type
12.3.1.10.3 Rest of Eastern Europe CNC Fiber Laser Market by Application
12.3.1.10.4 Rest of Eastern Europe CNC Fiber Laser Market by End User
12.3.2 Western Europe
12.3.2.1 Western Europe CNC Fiber Laser Market by Country
12.3.2.2 Western Europe CNC Fiber Laser Market by Product
12.3.2.3 Western Europe CNC Fiber Laser Market by Type
12.3.2.4 Western Europe CNC Fiber Laser Market by Application
12.3.2.5 Western Europe CNC Fiber Laser Market by End User
12.3.2.6 Germany
12.3.2.6.1 Germany CNC Fiber Laser Market by Product
12.3.2.6.2 Germany CNC Fiber Laser Market by Type
12.3.2.6.3 Germany CNC Fiber Laser Market by Application
12.3.2.6.4 Germany CNC Fiber Laser Market by End User
12.3.2.7 France
12.3.2.7.1 France CNC Fiber Laser Market by Product
12.3.2.7.2 France CNC Fiber Laser Market by Type
12.3.2.7.3 France CNC Fiber Laser Market by Application
12.3.2.7.4 France CNC Fiber Laser Market by End User
12.3.2.8 UK
12.3.2.8.1 UK CNC Fiber Laser Market by Product
12.3.2.8.2 UK CNC Fiber Laser Market by Type
12.3.2.8.3 UK CNC Fiber Laser Market by Application
12.3.2.8.4 UK CNC Fiber Laser Market by End User
12.3.2.9 Italy
12.3.2.9.1 Italy CNC Fiber Laser Market by Product
12.3.2.9.2 Italy CNC Fiber Laser Market by Type
12.3.2.9.3 Italy CNC Fiber Laser Market by Application
12.3.2.9.4 Italy CNC Fiber Laser Market by End User
12.3.2.10 Spain
12.3.2.10.1 Spain CNC Fiber Laser Market by Product
12.3.2.10.2 Spain CNC Fiber Laser Market by Type
12.3.2.10.3 Spain CNC Fiber Laser Market by Application
12.3.2.10.4 Spain CNC Fiber Laser Market by End User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands CNC Fiber Laser Market by Product
12.3.2.11.2 Netherlands CNC Fiber Laser Market by Type
12.3.2.11.3 Netherlands CNC Fiber Laser Market by Application
12.3.2.11.4 Netherlands CNC Fiber Laser Market by End User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland CNC Fiber Laser Market by Product
12.3.2.12.2 Switzerland CNC Fiber Laser Market by Type
12.3.2.12.3 Switzerland CNC Fiber Laser Market by Application
12.3.2.12.4 Switzerland CNC Fiber Laser Market by End User
12.3.2.13 Austria
12.3.2.13.1 Austria CNC Fiber Laser Market by Product
12.3.2.13.2 Austria CNC Fiber Laser Market by Type
12.3.2.13.3 Austria CNC Fiber Laser Market by Application
12.3.2.13.4 Austria CNC Fiber Laser Market by End User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe CNC Fiber Laser Market by Product
12.3.2.14.2 Rest of Western Europe CNC Fiber Laser Market by Type
12.3.2.14.3 Rest of Western Europe CNC Fiber Laser Market by Application
12.3.2.14.4 Rest of Western Europe CNC Fiber Laser Market by End User
12.4 Asia-Pacific
12.4.1 Asia Pacific CNC Fiber Laser Market by Country
12.4.2 Asia Pacific CNC Fiber Laser Market by Product
12.4.3 Asia Pacific CNC Fiber Laser Market by Type
12.4.4 Asia Pacific CNC Fiber Laser Market by Application
12.4.5 Asia Pacific CNC Fiber Laser Market by End User
12.4.6 China
12.4.6.1 China CNC Fiber Laser Market by Product
12.4.6.2 China CNC Fiber Laser Market by Type
12.4.6.3 China CNC Fiber Laser Market by Application
12.4.6.4 China CNC Fiber Laser Market by End User
12.4.7 India
12.4.7.1 India CNC Fiber Laser Market by Product
12.4.7.2 India CNC Fiber Laser Market by Type
12.4.7.3 India CNC Fiber Laser Market by Application
12.4.7.4 India CNC Fiber Laser Market by End User
12.4.8 Japan
12.4.8.1 Japan CNC Fiber Laser Market by Product
12.4.8.2 Japan CNC Fiber Laser Market by Type
12.4.8.3 Japan CNC Fiber Laser Market by Application
12.4.8.4 Japan CNC Fiber Laser Market by End User
12.4.9 South Korea
12.4.9.1 South Korea CNC Fiber Laser Market by Product
12.4.9.2 South Korea CNC Fiber Laser Market by Type
12.4.9.3 South Korea CNC Fiber Laser Market by Application
12.4.9.4 South Korea CNC Fiber Laser Market by End User
12.4.10 Vietnam
12.4.10.1 Vietnam CNC Fiber Laser Market by Product
12.4.10.2 Vietnam CNC Fiber Laser Market by Type
12.4.10.3 Vietnam CNC Fiber Laser Market by Application
12.4.10.4 Vietnam CNC Fiber Laser Market by End User
12.4.11 Singapore
12.4.11.1 Singapore CNC Fiber Laser Market by Product
12.4.11.2 Singapore CNC Fiber Laser Market by Type
12.4.11.3 Singapore CNC Fiber Laser Market by Application
12.4.11.4 Singapore CNC Fiber Laser Market by End User
12.4.12 Australia
12.4.12.1 Australia CNC Fiber Laser Market by Product
12.4.12.2 Australia CNC Fiber Laser Market by Type
12.4.12.3 Australia CNC Fiber Laser Market by Application
12.4.12.4 Australia CNC Fiber Laser Market by End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific CNC Fiber Laser Market by Product
12.4.13.2 Rest of Asia-Pacific CNC Fiber Laser Market by Type
12.4.13.3 Rest of Asia-Pacific CNC Fiber Laser Market by Application
12.4.13.4 Rest of Asia-Pacific CNC Fiber Laser Market by End User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East CNC Fiber Laser Market by country
12.5.1.2 Middle East CNC Fiber Laser Market by Product
12.5.1.3 Middle East CNC Fiber Laser Market by Type
12.5.1.4 Middle East CNC Fiber Laser Market by Application
12.5.1.5 Middle East CNC Fiber Laser Market by End User
12.5.1.6 UAE
12.5.1.6.1 UAE CNC Fiber Laser Market by Product
12.5.1.6.2 UAE CNC Fiber Laser Market by Type
12.5.1.6.3 UAE CNC Fiber Laser Market by Application
12.5.1.6.4 UAE CNC Fiber Laser Market by End User
12.5.1.7 Egypt
12.5.1.7.1 Egypt CNC Fiber Laser Market by Product
12.5.1.7.2 Egypt CNC Fiber Laser Market by Type
12.5.1.7.3 Egypt CNC Fiber Laser Market by Application
12.5.1.7.4 Egypt CNC Fiber Laser Market by End User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia CNC Fiber Laser Market by Product
12.5.1.8.2 Saudi Arabia CNC Fiber Laser Market by Type
12.5.1.8.3 Saudi Arabia CNC Fiber Laser Market by Application
12.5.1.8.4 Saudi Arabia CNC Fiber Laser Market by End User
12.5.1.9 Qatar
12.5.1.9.1 Qatar CNC Fiber Laser Market by Product
12.5.1.9.2 Qatar CNC Fiber Laser Market by Type
12.5.1.9.3 Qatar CNC Fiber Laser Market by Application
12.5.1.9.4 Qatar CNC Fiber Laser Market by End User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East CNC Fiber Laser Market by Product
12.5.1.10.2 Rest of Middle East CNC Fiber Laser Market by Type
12.5.1.10.3 Rest of Middle East CNC Fiber Laser Market by Application
12.5.1.10.4 Rest of Middle East CNC Fiber Laser Market by End User
12.5.2. Africa
12.5.2.1 Africa CNC Fiber Laser Market by country
12.5.2.2 Africa CNC Fiber Laser Market by Product
12.5.2.3 Africa CNC Fiber Laser Market by Type
12.5.2.4 Africa CNC Fiber Laser Market by Application
12.5.2.5 Africa CNC Fiber Laser Market by End User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria CNC Fiber Laser Market by Product
12.5.2.6.2 Nigeria CNC Fiber Laser Market by Type
12.5.2.6.3 Nigeria CNC Fiber Laser Market by Application
12.5.2.6.4 Nigeria CNC Fiber Laser Market by End User
12.5.2.7 South Africa
12.5.2.7.1 South Africa CNC Fiber Laser Market by Product
12.5.2.7.2 South Africa CNC Fiber Laser Market by Type
12.5.2.7.3 South Africa CNC Fiber Laser Market by Application
12.5.2.7.4 South Africa CNC Fiber Laser Market by End User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa CNC Fiber Laser Market by Product
12.5.2.8.2 Rest of Africa CNC Fiber Laser Market by Type
12.5.2.8.3 Rest of Africa CNC Fiber Laser Market by Application
12.5.2.8.4 Rest of Africa CNC Fiber Laser Market by End User
12.6. Latin America
12.6.1 Latin America CNC Fiber Laser Market by country
12.6.2 Latin America CNC Fiber Laser Market by Product
12.6.3 Latin America CNC Fiber Laser Market by Type
12.6.4 Latin America CNC Fiber Laser Market by Application
12.6.5 Latin America CNC Fiber Laser Market by End User
12.6.6 Brazil
12.6.6.1 Brazil CNC Fiber Laser Market by Product
12.6.6.2 Brazil CNC Fiber Laser Market by Type
12.6.6.3 Brazil CNC Fiber Laser Market by Application
12.6.6.4 Brazil CNC Fiber Laser Market by End User
12.6.7 Argentina
12.6.7.1 Argentina CNC Fiber Laser Market by Product
12.6.7.2 Argentina CNC Fiber Laser Market by Type
12.6.7.3 Argentina CNC Fiber Laser Market by Application
12.6.7.4 Argentina CNC Fiber Laser Market by End User
12.6.8 Colombia
12.6.8.1 Colombia CNC Fiber Laser Market by Product
12.6.8.2 Colombia CNC Fiber Laser Market by Type
12.6.8.3 Colombia CNC Fiber Laser Market by Application
12.6.8.4 Colombia CNC Fiber Laser Market by End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America CNC Fiber Laser Market by Product
12.6.9.2 Rest of Latin America CNC Fiber Laser Market by Type
12.6.9.3 Rest of Latin America CNC Fiber Laser Market by Application
12.6.9.4 Rest of Latin America CNC Fiber Laser Market by End User
13 Company Profile
13.1 IPG Photonics Corporation
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 TRUMPF GmbH + Co. KG
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Maxphotonics Co., Ltd.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Coherent Inc.
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Newport Corporation
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Wuhan Raycus Fiber Laser Technologies Co. Ltd,
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Lumentum Operations LLC
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Fanuc Corporation
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Keopsys S.A.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Fujikura Ltd
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 NLIGHT Inc.
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Furukawa Electric Co. Ltd.
13.12.1 Company Overview
13.12.2 Financials
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Fiber Optical Cable Market size was valued at USD 11.85 billion in 2023 and is expected to grow to USD 22.56 billion by 2031 and grow at a CAGR of 8.38 % over the forecast period of 2024-2031.
The Automotive Rain Sensor Market size was valued at USD 4.55 billion in 2022 and is expected to grow to USD 7.53 billion by 2030 and grow at a CAGR of 6.5 % over the forecast period of 2023-2030.
The Battery Energy Storage System Market Size was valued at USD 5.67 billion in 2023 and is expected to reach USD 34.5 billion by 2031 and grow at a CAGR of 25.3 % over the forecast period 2024-2031.
The Photonics Market size was USD 910.7 billion in 2023 to USD 1507.3 billion by 2031 and grow at a CAGR of 6.8% over the forecast period of 2024-2031.
The Automated Optical Inspection Market Size was valued at USD 942.3 million in 2023 and is expected to reach USD 4216.6 million by 2031 and grow at a CAGR of 20.6% over the forecast period 2024-2031.
The Total Station Market Size was valued at USD 1.77 billion in 2022 and is expected to reach USD 2.89 billion by 2030, growing at a CAGR of 6.3% over the forecast period 2023-2030.
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