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Worldwide Demand FOR Fiber Laser Industry to 2028

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Update time : 2021-09-15 11:36:30
New research report"Fiber Laser Market Forecast to 2028 - COVID-19 Impact and Global Analysis," said the market is expected to reach US$ 4,765.4 million by 2028, registering a CAGR of 11.1% from 2021 to 2028.

Increased production in the automotive sector and growth of 3D printing technology are driving the growth of the fiber laser market.
Moreover, increase in requirement for cutting applications, surge in demand from various industries, and emergence of industrial automation are the other factors bolstering the market growth.
In addition, the rise of industrial automation, coupled with the advent of new technologies such as computer numerical control (CNC), computer-aided manufacturing (CAM), and fiber laser technology, is subsequently fueling the adoption of fiber lasers in multiple industries.

 
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