|By Business Wire||
|March 5, 2014 01:19 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/bfj9mv/global_fiber) has announced the addition of the "Global Fiber Laser Market 2014-2018" report to their offering.
The analysts forecast the Global Fiber Laser market to grow at a CAGR of 21.9 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of fiber lasers due to their superior attributes. The Global Fiber Laser market has also been witnessing increased R&D spending by vendors in the market. However, the uncertainty in lifespan of fiber lasers could pose a challenge to the growth of this market.
Key vendors dominating this space include Coherent Inc., IPG Photonics Corp., Newport Corp., Rofin-Sinar Technologies Inc., and Trumpf Inc.
Other vendors mentioned in the report are 3S Photonics S.A.S., Apollo Instruments Inc., Active Fiber Systems GmbH, Amonics Ltd., Advalue Photonics, Calmar Laser Inc., Clark MXR Inc., EKSPLA, ELUXI Ltd., EOLITE Systems, Furukawa Electric Co. Ltd., Fianium Ltd., FiberLAST Inc., GSI Group Inc., Hypertherm Inc., IMRA America Inc., JDS Uniphase Corp., JENOPTIK Laser GmbH, Keopsys SA, Maxphotonics Co. Ltd., Mitsubishi Cable Industries Ltd., Miyachi Unitek Corp., Mobius Photonics Inc., Nufern Inc., NKT Photonics A/S, Nuphoton Technologies Inc., Prima Electro North America LLC, PolarOnyx Inc., Quantel Group, Raycus Fiber Laser Technologies Co. Ltd., and TOPTICA Photonics AG.
Commenting on the report, an analyst from the team said: Global fiber laser vendors such as IPG Photonics Corp. have already invested a considerable amount of time and money in their R&D division for the expansion of their product portfolio. Vendors in this market are increasingly investing in their R&D division to provide better functionality and to meet the unsatisfied requirements of consumers. The R&D investments by the vendors have enabled them to capture a significant market share and gain a competitive edge over the other vendors in the Global Fiber Laser market. Therefore, the increasing R&D spending by the market vendors is a positive trend that is expected to contribute to the growth of the market during the forecast period.
For more information visit http://www.researchandmarkets.com/research/bfj9mv/global_fiber
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