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COVID-19 Impact Review: Fiber Laser Market Outlook in 2020? | Know the Challenges and Trend Analysis – Scientect

The major trend being witnessed in the global fiber laser market is the increased investment in the development of fiber laser manufacturing plants. Owing to the increasing demand for fiber laser, a large number of companies engaged in the production of the product are pouring in fresh investments. The fresh capital infusion is directed toward venturing into new markets, strengthening the production capacity, and introducing new product lines.

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For instance, in 2018, SPI Lasers Limited opened its new manufacturing facility for the production of fiber laser in Southampton, England. The expansion programs as an outcome of growing investments will result in the greater availability of the product.The major driver identified in the fiber laser market is the technological advancements with respect to fiber production and strength.

With the growing investment in research and development activities, the advanced fiber lasers are being developed that have high beam quality and require minimum level of maintenance. With the enhanced quality of the lasers, they are now being increasingly adopted for wide range of industrial manufacturing processes including metal cutting and welding of automotive parts and aerospace components.

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The rising efficiency in the production processes through fiber lasers will continue to increase the adoption of laser technology, thereby boosting the market during the forecast period. Major restraint identified in the fiber laser market is the reduction in cutting speed during the processing of thicker materials using laser technology. Moreover, the manufacturing processing involving laser technologies also results in non-linear optical effects that serve as a major restraint in the market.

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