Middle East and Africa Fiber Laser Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser) and Application (High Power Cutting and Welding, Marking, Fine Processing, and Micro Processing)
Market Introduction
APAC consists of many developing countries witnessing high growth in their respective manufacturing sector. The region has become a global manufacturing hub as developing countries in the region such as China, India, South Korea, Taiwan, and Vietnam, are attracting several businesses of other regions or country to relocate their low- to medium-skilled manufacturing facilities to these developing countries, which have labors at lower cost. Further, governments of these countries are making developments to improve foreign investments in the region. For instance, the government of India has introduced “Make in India” initiatives to encourage companies to manufacture in India and incentivize dedicated investments into manufacturing. Similarly, the Chinese government has launched “Made in China 2025,” a national strategic plan to further develop the manufacturing industry of the People's Republic of China. In addition to this, over the years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at a decent growth rate. This dramatic growth in the manufacturing spends and adoption of novel technologies are the key factors fueling the demand for fiber laser solutions in the region. Also, the region is characterized by the presence of several developed nations whose manufacturing industries are providing a significant growth prospect to the fiber laser market.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 outbreak has resulted in a massive financial loss in APAC region. The governments in APAC countries are taking several possible steps to reduce its effects. Imposing lockdowns has been one of the common measures in many countries worldwide, as well as in APAC, which led to some serious disruptions in the manufacturing sector. China dominates the global manufacturing sector with significantly unparalleled, large numbers of manufacturing units, and it is considered to have the largest production sector globally. Moreover, Wuhan, one of the country's largest industrial provinces, accounts for more than 200 Fortune 500 companies. The COVID-19 emergence and imposition of lockdown across the country substantially disrupted its manufacturing sector in 2020, thereby affecting the performance of logistics and supply chain sector. After China, India, Taiwan, and South Korea are also considered to have a substantial number of manufacturing facilities, and a large and noteworthy logistics sector. Since the emergence of the COVID-19 virus, these countries have undergone several lockdown phases, which has adversely affected the manufacturing and logistics sectors. With the declining business of automotive, electronics & semiconductor components, and other consumer electronic manufacturing, the trade in Asian economy declined noticeably. Even after the gradual resumption of businesses from the last quarter of 2020, the second wave of COVID-19 pandemic in India has again slowed down the growth of manufacturing industries in the region. This, in turn, has negatively impacted the fiber laser market.
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Market Overview and Dynamics
The MEA fiber laser market is expected to grow from US$ 92.58 million in 2021 to US$ 174.84 million by 2028; it is estimated to grow at a CAGR of 9.5% from 2021 to 2028. The fiber laser technology is now being widely used in 3D printing because of multiple qualities including feasibility of the process and capability of making stronger & denser materials by pressing the plate hard against the hanging part during the process of sintering by the help of fiber laser. The fiber laser technology has potential applications in printing embedded circuits, robotic components, and electromechanical components. Thus, the use of sintering in 3D printing is likely to have its application in a wide variety of industries. Additionally, the fiber laser technology can change the additive manufacturing industry from printing passive uniform parts to printing active integrated systems. Technological advancements and price reduction in fiber laser systems have led to their utilization in 3D printers for metal deposition primarily used for the aerospace industry. Thus, the growth of 3D printing technology is propelling the growth of the MEA fiber laser market.
Key Market Segments
In terms of type, the infrared fiber laser segment accounted for the largest share of MEA fiber laser market in 2020. In terms of application, the high power cutting and welding segment held a larger market share of the MEA fiber laser market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on MEA fiber laser market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Coherent, Inc.; Fujikura Ltd.; IPG Photonics Corporation; Jenoptik AG; Maxphotonics Co,.Ltd; nLIGHT, Inc.; TRUMPF GmbH + Co. KG; and Wuhan Raycus Fiber Laser Technologies Co., Ltd.
Reasons to buy report
- To understand the MEA fiber laser market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA fiber laser market
- Efficiently plan M&A and partnership deals in MEA fiber laser market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA fiber laser market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Fiber Laser Market Segmentation
MEA Fiber Laser Market - By Type
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Visible Fiber Laser
MEA Fiber Laser Market - By Application
- High Power Cutting and Welding
- Marking
- Fine Processing
- Micro Processing
MEA Fiber Laser Market - By Country
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
MEA Fiber Laser Market - Company Profiles
- Coherent, Inc.
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- Maxphotonics Co,.Ltd
- nLIGHT, Inc.
- TRUMPF GmbH + Co. KG
- Wuhan Raycus Fiber Laser Technologies Co., Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Fiber Laser Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Fiber Laser Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Automotive Production
5.1.2 Surge in 3D Printing Technology
5.2 Market Restraints
5.2.1 Slower Cutting Speed when Processing Thicker Materials
5.3 Market Opportunities
5.3.1 Increasing Demand for Fiber Lasers in Cutting Applications
5.4 Future Trends
5.4.1 Growing Demand in Various Industries and Emergence of Industrial Automation
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Laser Market –MEA Analysis
6.1 MEA Fiber Laser Market Overview
6.2 MEA Fiber Laser Market Revenue Forecast and Analysis
7. MEA Fiber Laser Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 MEA Fiber Laser Market, by Type (2020 And 2028)
7.3 Ultrafast Fiber Laser
7.3.1 Overview
7.3.2 Ultrafast Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.4 Ultraviolet Fiber Laser
7.4.1 Overview
7.4.2 Ultraviolet Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.5 Infrared Fiber Laser
7.5.1 Overview
7.5.2 Infrared Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
7.6 Visible Fiber Laser
7.6.1 Overview
7.6.2 Visible Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Fiber Laser Market Analysis and Forecast to 2028 – By Application
8.1 Overview
8.2 MEA Fiber Laser Market, by Application (2020 And 2028)
8.3 High power cutting and welding
8.3.1 Overview
8.3.2 High Power Cutting and Welding: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
8.4 Fine Processing
8.4.1 Overview
8.4.2 Fine Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
8.5 Marking
8.5.1 Overview
8.5.2 Marking: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
8.6 Micro Processing
8.6.1 Overview
8.6.2 Micro Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Fiber Laser Market – Country Analysis
9.1 Overview
9.1.1 MEA: Fiber Laser Market, by Key Country
9.1.1.1 South Africa: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Fiber Laser Market, by Type
9.1.1.1.2 South Africa: Fiber Laser Market, by Application
9.1.1.2 UAE: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Fiber Laser Market, by Type
9.1.1.2.2 UAE: Fiber Laser Market, by Application
9.1.1.3 Saudi Arabia: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Saudi Arabia: Fiber Laser Market, by Type
9.1.1.3.2 Saudi Arabia: Fiber Laser Market, by Application
9.1.1.4 Rest of MEA: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Fiber Laser Market, by Type
9.1.1.4.2 Rest of MEA: Fiber Laser Market, by Application
10. MEA Fiber Laser Market - COVID-19 Impact Analysis
10.1 MEA
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 IPG Photonics Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fujikura Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Coherent, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jenoptik AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Maxphotonics Co,.Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 nLIGHT, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 TRUMPF GmbH + Co. KG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Wuhan Raycus Fiber Laser Technologies Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: Fiber Laser Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Fiber Laser Market Segmentation
Figure 2. MEA Fiber Laser Market Segmentation – By Country
Figure 3. MEA Fiber Laser Market Overview
Figure 4. MEA Fiber Laser Market, by Type
Figure 5. MEA Fiber Laser Market, by Application
Figure 6. MEA Fiber Laser Market, by Country
Figure 7. MEA PEST Analysis
Figure 8. MEA Fiber Laser Market- Ecosystem Analysis
Figure 9. MEA Fiber Laser Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Fiber Laser Market Revenue Forecast and Analysis (US$ Million)
Figure 11. MEA Fiber Laser Market, by Type (2020 and 2028)
Figure 12. MEA Ultrafast Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Ultraviolet Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Infrared Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Visible Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Fiber Laser Market, by Application (2020 and 2028)
Figure 17. MEA High Power Cutting and Welding: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Fine Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Marking: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Micro Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA: Fiber Laser Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. MEA: Fiber Laser Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. South Africa: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in MEA Country Markets
- Coherent, Inc.
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- Maxphotonics Co,.Ltd
- nLIGHT, Inc.
- TRUMPF GmbH + Co. KG
- Wuhan Raycus Fiber Laser Technologies Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA fiber laser market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA fiber laser market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the fiber laser market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution