Fibre lasers on the rise, could outshine other laser types notes IDTechEx: Page 2 of 2

June 15, 2018 //By Julien Happich
Fibre lasers on the rise, could outshine other laser types notes IDTechEx
Emerging fibre laser technologies are expected to make waves in sensing and healthcare, while innovations in laser welding and 3D printing enable material processing to remain as the primary focus, according to a recent market research from IDTechEx.

The addressable market for fiber lasers: Commercialized products and emerging technologies are indicated according to the legend. Material processing, sensing and healthcare are the three market segments covered by IDTechEx Research. Source: IDTechEx Research report Fiber Lasers 2018-2028: Technologies, Opportunities, Markets & Forecasts

Commercial applications of fibre lasers in sensing are typically limited to high-precision LiDAR for terrestrial mapping, range finding and wind sensing. IDTechEx has identified significant evidence of key players preparing to enter the automotive market by optimizing fibre laser LiDAR for autonomous vehicles. IDTechEx also expects emerging fibre laser technologies to have a significant impact on gas sensing and structural health monitoring within the next decade.

Fiber lasers can offer wavelengths that are an excellent match to novel fluorescent markers and biological molecules. Key players collaborate with research institutes to optimize fiber laser systems for applications in biomedical imaging and medical surgery. IDTechEx expects several emerging technologies to enter the healthcare market segment within the next decade.

Overall, the market research firm forecasts the global fibre laser market to show significant growth during the next 10 years to reach a size of $8.9 billion in 2028.

IDTechEx -

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