The global fiber laser processing market has been fragmented on the basis of industry vertical, processing technique, and geography. Depending on the industry vertical the market has been segmented into (aerospace & defense, architecture, automotive, medical, semiconductor & electronics, and machine tooling. On the basis of processing technique, the global fiber laser processing market has been segmented into cutting, drilling, welding, marking & engraving, micro processing, and advanced processing.
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The key players in the global fiber laser processing market are Coherent Inc. (U.S.), Trumpf Group (Germany), IPG Photonics Corporation (U.S.), Rofin-Sinar Technologies, Inc. (U.S.), and Newport Corporation (U.S.) among others. The market leaders are following key growth strategies which include mergers & acquisitions and new product development to achieve long-term sustainability in the market.
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Recently, Coherent, Inc. introduced a new range of compact, sealed, CO2 lasers that would simplify integration and minimize the time-to-market for laser system manufacturers. Moreover, they introduced a new series of compact, economical lasers which would offer an unmatched combination of features and value, to enable the construction of space limited point-of-care for a variety of life sciences and diagnostic applications.
Similarly, companies are also focusing on mergers & acquisitions to grow their business. Recently, IPG Photonics Corporation acquired the privately held Mobius Photonics (U.S.). The move is intended to accelerate the company‘s entry into the UV laser market. Mobius provides high-power pulsed UV fiber lasers for micromachining, such as dicing and scribing of wafers, VIA drilling, and solar hybrid panel processing. It will help both the companies to expand their market and product offerings
