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. Due to the speed and accuracy, the laser systems are replacing the traditional tools in the manufacturing sector at a fast pace. Fiber lasers are preferred over other lasers, such as excimer lasers and CO2 lasers, primarily because fiber lasers are more efficient, robust, reliable, and portable, and easier to operate than other type of lasers.
North America is one of the growing segment in the global fiber lasers market. Fiber lasers are being adopted at a significant rate due to their superior performance, compact size, cost effectiveness, high output power, durability, and eco-friendly attributes. Fiber lasers also eliminate the mechanical adjustments and high maintenance costs that are necessary with other lasers.
The fiber lasers market in North America 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.S., Canada, and Mexico.
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 North America consists of company profiles of the key market players. This report also includes the value chain analyses, along with the market metrics, such as drivers and restraints.
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