South America Fiber Laser Market Forecast to 2028 – COVID-19 Impact and 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
South America includes Brazil, Argentina, and Rest of South America. The recent technological developments have had a direct impact on the economy of Brazil and Argentina that has advanced to a large extent. A recent study says that due to the changing economic conditions in South America, government enterprises, businesses, and consumers in the region are keen to implement and incorporate the upcoming technologies. The cost savings advantage and higher work efficiencies achieved are cited as the significant attracting points in South America. There are plenty of reasons which support global companies to carry out their business operations in other South American countries as well. The global companies have an opportunity to take advantage of the regions’ market, owing to prudent fiscal policy of the country, solid business practices, and several trade agreements. Escalating demand for fiber lasers in cutting applications and rising demand in various industries and emergence of industrial automation are the major factor driving the growth of the SAM fiber laser market.
In case of COVID-19, SAM is highly affected, especially Brazil. The governments in SAM have taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop-in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Brazil, Argentina, and Chile have witnessed huge decline in their respective trade business. In the wake of COVID-19 spread, the manufacturing companies have either shut down their manufacturing operations or reduced their production volume. For instance, Ford Motor has announced to close its three manufacturing plants in Brazil and stop producing automobiles in the South American countries due to slow sales, which has resulted in years of significant losses to the company. The country's unemployment rate is nearing 15%. Hence, the shrinking demand for automobiles in the region is depressing the growth of fiber laser market in the region.
Get more information on this report :
Market Overview and Dynamics
The SAM fiber laser market is expected to grow from US$ 128.55 million in 2021 to US$ 230.97 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. Automotive production is constantly rising across the SAM region, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing issues. The sector widely uses fiber laser in material processing applications such as cutting, welding, and marking, as well as other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of fiber lasers in electric and lightweight vehicle designs. Significant weight reduction is achieved by minimizing the size of flanges by fiber laser welding and the safety of batteries is enabled by wobble-beam fiber welding. Automotive giants such as Volkswagen, BMW, and Ford Motor Company are contributing significantly to the SAM fiber laser market growth. Electric vehicles are gaining traction in region, thus boosting the fiber laser market growth in the region. Countries such as Brazil is prominent automotive manufacturers in the SAM region. So, burgeoning automotive production is expected to drive the SAM fiber laser market.
Key Market Segments
In terms of type, the infrared fiber laser segment accounted for the largest share of SAM fiber laser market in 2020. In terms of application, the high power cutting and welding segment held a larger market share of the SAM fiber laser market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on SAM 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; nLIGHT, Inc.; TRUMPF GmbH + Co. KG; and Wuhan Raycus Fiber Laser Technologies Co., Ltd.
Reasons to buy report
- To understand the SAM 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 SAM fiber laser market
- Efficiently plan M&A and partnership deals in SAM 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 SAM fiber laser market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Fiber Laser Market Segmentation
SAM Fiber Laser Market - By Type
- Infrared Fiber Laser
- Ultraviolet Fiber Laser
- Ultrafast Fiber Laser
- Visible Fiber Laser
SAM Fiber Laser Market - By Application
- High Power Cutting and Welding
- Marking
- Fine Processing
- Micro Processing
SAM Fiber Laser Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Fiber Laser Market - Company Profiles
- Coherent, Inc.
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- 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. SAM Fiber Laser Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Fiber Laser Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Automotive Production
5.1.2 Growth of 3D Printing Technology
5.2 Market Restraints
5.2.1 Lower Cutting Speed when Processing Thicker Materials
5.3 Market Opportunities
5.3.1 Escalating Demand for Fiber Lasers in Cutting Applications
5.4 Future Trends
5.4.1 Rising Demand in Various Industries and Emergence of Industrial Automation
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Laser Market –SAM Analysis
6.1 SAM Fiber Laser Market Overview
6.2 SAM Fiber Laser Market Revenue Forecast and Analysis
7. SAM Fiber Laser Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 SAM 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. SAM Fiber Laser Market Analysis and Forecast to 2028 – By Application
8.1 Overview
8.2 SAM 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. SAM Fiber Laser Market – Country Analysis
9.1 Overview
9.1.1 SAM: Fiber Laser Market, by Key Country
9.1.1.1 Brazil: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Fiber Laser Market, by Type
9.1.1.1.2 Brazil: Fiber Laser Market, by Application
9.1.1.2 Argentina: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Fiber Laser Market, by Type
9.1.1.2.2 Argentina: Fiber Laser Market, by Application
9.1.1.3 Rest of SAM: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Fiber Laser Market, by Type
9.1.1.3.2 Rest of SAM: Fiber Laser Market, by Application
10. SAM Fiber Laser Market - COVID-19 Impact Analysis
10.1 SAM
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 nLIGHT, Inc.
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 TRUMPF GmbH + Co. KG
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 Wuhan Raycus Fiber Laser Technologies Co., Ltd.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Fiber Laser Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Fiber Laser Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Fiber Laser Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Fiber Laser Market Segmentation
Figure 2. SAM Fiber Laser Market Segmentation – By Country
Figure 3. SAM Fiber Laser Market Overview
Figure 4. SAM Fiber Laser Market, by Type
Figure 5. SAM Fiber Laser Market, by Application
Figure 6. SAM Fiber Laser Market, by Country
Figure 7. SAM PEST Analysis
Figure 8. SAM Fiber Laser Market- Ecosystem Analysis
Figure 9. SAM Fiber Laser Market Impact Analysis of Drivers and Restraints
Figure 10. SAM Fiber Laser Market Revenue Forecast and Analysis (US$ Million)
Figure 11. SAM Fiber Laser Market, by Type (2020 and 2028)
Figure 12. SAM Ultrafast Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Ultraviolet Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Infrared Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Visible Fiber Laser: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Fiber Laser Market, by Application (2020 and 2028)
Figure 17. SAM High Power Cutting and Welding: Fiber laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Fine Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Marking: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Micro Processing: Fiber Laser Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM: Fiber Laser Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. SAM: Fiber Laser Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Fiber Laser Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in SAM Country Markets
- Coherent, Inc.
- Fujikura Ltd.
- IPG Photonics Corporation
- Jenoptik AG
- 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 SAM 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 SAM 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 SAM 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