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 - www.IDTechEx.com