Boston, MA -- (SBWIRE) -- 08/31/2016 -- A fiber laser is a different form of solid-state laser that uses a medium of fiber covering instead of a shaft. The fiber in fiber lasers uses more surface area to disperse the heat quite easily. The increasing need for compact components in a variety of industries is bringing lasers into applications. Lasers help in the miniaturization process by providing a highly focused beam that can process very small components.

Technavio's analysts forecast the global industrial fiber laser market to grow at a CAGR of 13.42% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial fiber laser market for 2016-2020. To calculate the market size, the report considers the sale of fiber laser units.

Get More Details on this Report and a Full Table of Contents at Global Industrial Fiber Laser Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Industrial Fiber Laser Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Coherent
-IPG Photonics
-Rofin-Sinar Technologies
-TRUMPF

Market driver

-Increasing replacement of conventional lasers with fiber lasers
-For a full, detailed list, view our report

Market challenge

-Shortage in supply of rare-earth elements
-For a full, detailed list, view our report

Market trend

-Growth in 3D printing market
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Coherent, , IPG Photonics, , Rofin-Sinar Technologies, , TRUMPF

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Computer Technology research reports at Fast Market Research

You may also be interested in these related reports:
-Laser Diode Market - Global Forecast to 2020
-Global Fiber Laser Market 2016-2020
-Laser Technology Market - Analysis & Forecast to 2022
-Global Laser Holographic Display Market - Analysis & Forecast to 2019
-Global Semiconductor Laser Market 2016-2020