Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fiber Laser market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Fiber Laser industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Fiber Laser industry to benefit clients and increase the market sector. In recent years, the Fiber Laser Industry has offered some of the most significant advantages. Major players in the Fiber Laser market, including CY Laser SRL, IPG Photonics Corporation, Quantel Group, Toptica Photonics AG, Amonics Ltd, Jenoptik Group, Apollo Instruments, Inc, Coherent Corp., NKT Photonics A/S, TRUMPF, and others, are attempting to increase market demand by investing in research and development operations.
Yamazaki Mazak Corporation is a leading global manufacturer of machine tools, including CNC (Computer Numerical Control) lathes, machining centers, multi-tasking machines, and laser processing machines. Founded in 1919 and headquartered in Aichi Prefecture, Japan, Yamazaki Mazak has a rich history of innovation and excellence in the machine tool industry. Yamazaki Mazak, the leading machine tool builder, has launched “FG-400 NEO”, a 3D Fiber Laser cutting machine for steel products worldwide. The FG-400 NEO is equipped with an energy-efficient Fiber Laser oscillator that offers high productivity and energy conversion efficiency.
This new product is also capable of cutting highly reflective materials such as aluminum, brass, and copper. This strategic product launch has enhanced Mazak’s potential sales for Fiber Laser in Japan.
Videojet Technologies is a global leader in coding, marking, and printing solutions, specializing in industrial printing technologies. Founded in 1969 and headquartered in Wood Dale, Illinois, USA, Videojet offers a comprehensive range of inkjet printers, laser markers, thermal transfer printers, and labeling systems used for product identification, traceability, and variable data printing applications. In March 2021, Videojet Technologies launched the "Lightfoot™" Fiber Laser solution for high-speed beverage canning. This new Fiber Laser system combines the standard reliability of a Videojet Fiber Laser with the high speed of dual Lightfoot marking heads to meet the growing beverage canning and production needs.