The global fiber laser market will grow at a CAGR of around 8%

According to the latest report from IMARC Group, the global fiber laser market will grow at a CAGR of around 8% in 2021-2026. Factors such as rapid industrialization and increasing adoption of advanced technologies to automate various manufacturing processes are among the key factors driving the growth of the fiber laser technology market. In addition to this, fiber lasers are gaining popularity in the healthcare industry due to the growing prevalence of chronic diseases. They are used in settings such as dentistry, photodynamic therapy, and biomedical sensing in the mid-infrared spectrum. Furthermore, with the growing demand for electric vehicles (EVs), the application of fiber lasers in internal combustion engines (ICEs) is expected to increase.

At present, the technology and applications in the field of fiber lasers are developing rapidly, leading the manufacturing industry to rapidly enter the era of "optical" processing. Equipped with corresponding intelligent and automated technologies, as well as ingenious processes and solutions, these eye-catching tools are used in power battery manufacturing, 3C, electric power, photovoltaic, 5G new infrastructure, rail transit, shipbuilding, aerospace, Many fields such as petroleum management, construction machinery, medical treatment, and industrial processing have shined brightly, making continuous efforts to realize industry upgrading and high-end replacement; escorting high-quality, high-precision, high-efficiency and high-flexibility processing and manufacturing.