Fiber laser contains the active gain medium, which is an optical fiber doped with rare-earth elements, such as erbium (Er3+), ytterbium (Yb3+), neodymium (Nd3+), dysprosium (Dy3+), praseodymium (Pr3+), and thulium (Tm3+). They are related to doped fiber amplifiers, which provide light amplification without lasing. Because of these rare elements, most of the fiber lasers are diode pumped lasers. Fiber lasers are extremely stable and its beam quality is quite high.
In the modern era of technological advancement, the laser technology is replacing many conventional methods in different sectors, such as manufacturing, exploration & production, and medical applications. High output power, high optical quality, compact size, and reliability are some of the features of fiber laser that make it perform better than the other types of lasers, such as CO2 lasers and excimer lasers.
Europe is one of the leading region for the global fiber lasers market. Fiber lasers are used in many industrial applications, such as cutting, welding, marking, and engraving in the manufacturing, semiconductor, and automotive industries. Emerging application of lasers in oil & gas exploration fields and technological advancements are some of the factors that are driving the fiber lasers market in Europe.
The market is segmented and forecast based on components, applications, and geographies. By components, the market is segmented into Pump Source, Gain Medium, Mirror, Power Source, and Others. By applications, the market is segmented into Industrial Material Processing, Medical, Telecommunication, Aerospace & Defense, Additive Manufacturing, Tomography & Spatial Mapping, and Others. By countries, the market is segmented into U.K., France, Germany, Italy, and others.
Market share analysis, by revenue, of the top companies is also included in the report. The market share analysis of these key players is arrived at, based on key facts, annual financial information, and interviews with key opinion leaders, such as CEOs, directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report on fiber laser market in Europe consists of company profiles of the key market players. This report also includes and value chain analyses, along with the market metrics, such as drivers and restraints.
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