The North America Fiber Laser Market is expected to witness market growth of 11.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Fiber Laser Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.61 billion by 2031. The Canada market is experiencing a CAGR of 12.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 12.2% during 2024-2031.
This is a specific category of laser in which the active gain medium consists of an optical fiber that has been doped with rare-earth elements, including ytterbium, erbium, thulium, or neodymium. Unlike traditional laser systems that use gas or crystal-based mediums (such as CO₂ or Nd:YAG lasers), these lasers rely on fiber optics to generate and amplify laser light.
These lasers use a diode pump source to excite the doped fiber, generating a laser beam through stimulated emission. The optical fiber acts as both the medium and the waveguide, ensuring the laser beam is efficiently transmitted and amplified within a compact, flexible, and robust structure. Unlike CO₂ lasers, which require mirrors and external optical components, these lasers offer a monolithic design, reducing alignment issues, maintenance costs, and power losses.
Mexico is seeing significant expansion in their adoption for medical and aesthetic applications, driven by a growing healthcare sector, rising medical tourism, and increasing demand for minimally invasive treatments. The country's medical device manufacturing industry, one of the largest in Latin America, is integrating these lasers for high-precision surgical tools, medical implant fabrication, and laser-assisted cosmetic procedures. These lasers' non-contact, high-speed engraving capabilities make them ideal for marking surgical instruments, dental devices, and orthopedic implants with serial numbers and traceability codes. The Mexican government has actively promoted medical technology innovation through initiatives like the National Institute of Medical Sciences and Nutrition Salvador Zubirán (INCMNSZ) Research Program and partnerships with global biomedical laser technology firms. Mexico’s Medical Device Cluster in Baja California has also facilitated investments in fiber laser-assisted medical R&D, making the country a key exporter of laser-integrated healthcare solutions. Thus, the region will present lucrative growth opportunities to expand the market.
The US market dominated the North America Fiber Laser Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.61 billion by 2031. The Canada market is experiencing a CAGR of 12.7% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 12.2% during 2024-2031.
This is a specific category of laser in which the active gain medium consists of an optical fiber that has been doped with rare-earth elements, including ytterbium, erbium, thulium, or neodymium. Unlike traditional laser systems that use gas or crystal-based mediums (such as CO₂ or Nd:YAG lasers), these lasers rely on fiber optics to generate and amplify laser light.
These lasers use a diode pump source to excite the doped fiber, generating a laser beam through stimulated emission. The optical fiber acts as both the medium and the waveguide, ensuring the laser beam is efficiently transmitted and amplified within a compact, flexible, and robust structure. Unlike CO₂ lasers, which require mirrors and external optical components, these lasers offer a monolithic design, reducing alignment issues, maintenance costs, and power losses.
Mexico is seeing significant expansion in their adoption for medical and aesthetic applications, driven by a growing healthcare sector, rising medical tourism, and increasing demand for minimally invasive treatments. The country's medical device manufacturing industry, one of the largest in Latin America, is integrating these lasers for high-precision surgical tools, medical implant fabrication, and laser-assisted cosmetic procedures. These lasers' non-contact, high-speed engraving capabilities make them ideal for marking surgical instruments, dental devices, and orthopedic implants with serial numbers and traceability codes. The Mexican government has actively promoted medical technology innovation through initiatives like the National Institute of Medical Sciences and Nutrition Salvador Zubirán (INCMNSZ) Research Program and partnerships with global biomedical laser technology firms. Mexico’s Medical Device Cluster in Baja California has also facilitated investments in fiber laser-assisted medical R&D, making the country a key exporter of laser-integrated healthcare solutions. Thus, the region will present lucrative growth opportunities to expand the market.
List of Key Companies Profiled
- IPG Photonics Corporation
- TRUMPF SE + Co. KG
- Furukawa Electric Co., Ltd.
- Coherent Corp.
- FANUC Corporation
- Fujikura Ltd.
- Lumentum Holdings, Inc.
- Jenoptik AG
- Epilog Laser Corporation
- Amonics Ltd.
Market Report Segmentation
By Type- Continuous Wave Fiber Lasers
- Pulsed Fiber Lasers
- Quasi-Continuous Wave Fiber Lasers
- Mode-Locked Fiber Lasers
- High Power (Above 2kW)
- Medium Power (100W-2kW)
- Low Power (Up to 100W)
- Materials Processing
- Communications & Optical Storage
- Aerospace, Defense, & Military
- Instruments & Sensors
- Medical & Aesthetic
- Entertainment, Displays, & Printing
- Other Application
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Fiber Laser Market by Type
Chapter 6. North America Fiber Laser Market by Power Output
Chapter 7. North America Fiber Laser Market by Application
Chapter 8. North America Fiber Laser Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- IPG Photonics Corporation
- TRUMPF SE + Co. KG
- Furukawa Electric Co., Ltd.
- Coherent Corp.
- FANUC Corporation
- Fujikura Ltd.
- Lumentum Holdings, Inc.
- Jenoptik AG
- Epilog Laser Corporation
- Amonics Ltd.
Methodology
LOADING...
