According to the latest report from IMARC Group, the global fiber laser market will grow at a CAGR of around 8% in 2021-2026. Factors such as rapid industrialization and increasing adoption of advanced technologies to automate various manufacturing processes are among the key factors driving the growth of the fiber laser technology market. In addition to this, fiber lasers are gaining popularity in the healthcare industry due to the growing prevalence of chronic diseases. They are used in settings such as dentistry, photodynamic therapy, and biomedical sensing in the mid-infrared spectrum. Furthermore, with the growing demand for electric vehicles (EVs), the application of fiber lasers in internal combustion engines (ICEs) is expected to increase.
At present, China has become the world's largest manufacturing country, and the domestic market has an increasingly strong demand for laser technology products. Since 2010, thanks to the continuous expansion of the laser processing application market, China's laser industry has gradually entered a period of rapid development. In 2018, the scale of China's laser equipment market reached 60.5 billion yuan, a year-on-year increase of 22.22%, and the compound growth rate from 2011 to 2018 reached 26.45%. China Business Industry Research Institute predicts that China's laser equipment market will reach 98.8 billion yuan in 2021.
The three principal applications of broadband light sources are as follows. Let’s take a quick look at each one to get a better understanding of them.
The traditional laser uses the thermal accumulation of laser energy to melt and even volatilize the material in the active area. In the process, a large number of chips, micro-cracks and other processing defects will be generated, and the longer the laser lasts, the greater the damage to the material. The ultra-short pulse laser has an ultra-short interaction time with the material, and the single-pulse energy is super strong enough to ionize any material, realize non-hot-melt cold processing, and obtain the ultra-fine, low-damage processing advantages incomparable with long-pulse laser. At the same time, for the selection of materials, ultrafast lasers have wider applicability, which can be applied to metals, TBC coatings, composite materials, etc.
Compared with traditional oxyacetylene, plasma and other cutting processes, laser cutting has the advantages of fast cutting speed, narrow slit, small heat affected zone, good verticality of slit edge, smooth cutting edge, and many kinds of materials that can be cut by laser. Laser cutting technology has been widely used in the fields of automobiles, machinery, electricity, hardware and electrical appliances.
According to the order of Russian Prime Minister Mikhail Mishustin, the Russian government will allocate 140 billion rubles over 10 years for the construction of the world's first new synchrotron laser accelerator SILA. The project requires the construction of three synchrotron radiation centers in Russia.
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