Blockchain Press Releases
Fiber Laser Market to Reach $9.2 Billion, Globally, by 2032 at 11.0% CAGR: Allied Market Research
The global fiber laser market is experiencing growth due to factors such as development of industrial sector and robust demand from medical device manufacturing industry.
PORTLAND, Ore., July 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Fiber laser Market by Type (Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, and Visible Fiber Laser), by Application (High power, Marking, Fine Processing, and Micro processing): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the fiber laser market valued for $3.3 billion in 2022, and is projected to reach $9.2 billion by 2032, growing at a CAGR of 11.0% from 2023 to 2032.
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Prime determinants of growth
Rapid advancements in technology have revolutionized the industrial sector. Automation, robotics, artificial intelligence (AI), the Internet of Things (IoT), and other digital technologies have significantly improved efficiency, productivity, and quality in manufacturing and production processes. These technological advancements have led to the growth of factories and industries enabling faster and more flexible manufacturing capabilities where fiber laser have gained significant popularity in industrial applications such as metal cutting, welding, and marking. These factors together escalate the growth of fiber laser. However, maintenance and repairs are more complex as compared to other laser technologies, which incur additional cost and restrains the market. Nevertheless surge in demand from aerospace and defense industry is expected to offer remunerative opportunities in the upcoming years.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$3.3 billion |
|
Market Size in 2032 |
$9.2 billion |
|
CAGR |
11.0 % |
|
No. of Pages in Report |
390 |
|
Segments covered |
Type, application, and region |
|
Drivers |
Development of industrial sector Robust demand from medical device manufacturing industry |
|
Opportunities |
Surge in the demand from aerospace and defense industry |
|
Restraints |
Price sensitivity and high-cost maintenance |
COVID-19 Scenario
- The COVID-19 outbreak had a significant impact on the fiber laser market. The fiber laser market heavily relies on the global supply chain for raw materials, components, and manufacturing equipment.
- The pandemic caused disruptions in international trade, travel restrictions, and temporary closures of manufacturing facilities. These disruptions led to delays in production, reduced availability of key components, and increased lead times for fiber laser systems.
The Ultrafast fiber laser and visible fiber laser segment to maintain its lead position during the forecast period
Based on type, the ultrafast fiber laser and visible fiber laser segment accounted for the largest share in 2022, contributing to nearly two-thirds of the global fiber laser market revenue and is expected to rule the roost during the forecast period. The same segment would cite the fastest CAGR of 11.2% from 2023 to 2032. With the increasing demand for high-speed data transmission and processing, ultrafast fiber lasers play a crucial role in advanced optical communication systems. They enable the generation and manipulation of communication system. Ultrafast fiber lasers provide powerful tool for studying ultrafast phenomena, exploring new materials, and pushing the boundaries of scientific knowledge. This factor has boosted the demand for ultrafast-based fiber laser in the growing R&D sector.
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The high power segment to maintain its lead position during the forecast period
Based on the application, the high power segment accounted for the largest share in 2022, contributing to more than half of the global fiber laser market revenue. Also, the same segment is expected to showcase the fastest CAGR of 11.5% throughout the forecast timeframe. The growth is attributed to the surge in consumer demand for electronic gadgets, rise in disposable income, and well-established manufacturing units. In addition, high-power marking is used to engrave or etch permanent markings on electrical components, such as connectors, switches, and enclosures. These marks may include part numbers, ratings, safety symbols, and compliance markings for regulatory purposes. This factor is projected to drive the market during the forecast period.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global fiber laser market and is projected to register the highest CAGR of 11,3% during the forecast period. China has emerged as a global manufacturing powerhouse. The country has a strong presence in industries such as automotive, electronics, machinery, aerospace, and metal fabrication. These industries heavily rely on advanced laser technologies for various applications. Fiber lasers, with their high precision, fast processing speeds, and versatility, have become a preferred choice for manufacturers in China. The robust manufacturing sector in China has significantly contributed to the growth of the fiber laser market in the Asia-Pacific region.
Leading Market Players: –
- AMONICS LTD
- TRUMPF
- COHERENT CORP.
- QUANTEL GROUP
- IPG PHOTONICS CORPORATION
- NKT PHOTONICS A/S
- TOPTICA PHOTONICS AG
- CY LASER SRL
- APOLLO INSTRUMENTS, INC
- JENOPTIK GROUP
The report provides a detailed analysis of these key players in the global fiber laser market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/fiber-laser-market/purchase-options
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
Bybit Partnered with University of Wollongong in Dubai to Host Exclusive Demo Trading Challenge
DUBAI, UAE, March 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered exclusively with the University of Wollongong in Dubai (UOWD) to host a Demo Trading Challenge & Workshop at UOWD campus. This initiative equipped students from Business Analysis, Finance, Accounting, and other business-related disciplines with practical trading knowledge, enhanced their understanding of cryptocurrency markets, and bridged the gap between academic theory and real-world trading strategies.
UOWD, the UAE’s first international Australian university, is recognized for its commitment to academic excellence and industry collaboration. Accredited by both the UAE Ministry of Education and Australia’s Tertiary Education Quality and Standards Agency (TEQSA), UOWD has played a key role in developing future business and finance leaders.
Bybit leveraged this collaboration to strengthen its ties with UOWD, increase brand visibility within the academic community, and introduce students to the Bybit trading ecosystem. Additionally, this initiative aligned with Bybit’s broader strategy to identify and recruit top-tier fresh graduates, expanding its talent pipeline in the region.
The workshop provided participants with hands-on experience using Bybit’s demo trading platform, allowing them to navigate market fluctuations in real time while learning key strategies from industry experts. The event culminated in a competitive trading challenge, where students applied their newly acquired knowledge in a dynamic, risk-free environment.
Attendees also gained insights from a lineup of distinguished speakers alongside Bybit’s senior product managers specializing in trading bots, copy trading, and demo trading. Their expertise gave students a deeper understanding of spot and contract trading processes, market data analysis, and risk management.
“At Bybit, we believe that financial literacy and hands-on experience are key to unlocking opportunities in the digital economy,” said Phoebe Peng, Head of Organization Development at Bybit. “Through this collaboration with UOWD, we empowered the next generation of professionals with the skills and knowledge needed to thrive in the evolving world of cryptocurrency trading.”
This partnership underscored Bybit’s dedication to fostering financial literacy and talent development within the digital asset ecosystem. Bybit continues to expand its engagement with educational institutions worldwide, creating opportunities for emerging professionals to explore the potential of Web3 and decentralized finance.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
“We are proud to be included in the recently launched Bitwise Bitcoin Standard Corporations ETF. Our inclusion highlights the industry’s acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “As a forward-looking company, our future-ready business model ensures we are well-positioned for sustained growth, global expansion, and operational flexibility in the Bitcoin mining sector in 2025 and beyond.”
Since transitioning to a capital-light Bitcoin mining model in Q4 2024, Cango has achieved a number of milestones, including leading the industry in productivity per hash rate with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Headquartered in Shanghai, China, Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: [email protected]
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Blockchain Press Releases
BingX Levels Up Trading Experience with CScalp’s Advanced Features & Fee Discounts
PANAMA CITY, Panama, March 18, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its integration with CScalp, a free and powerful trading terminal designed for active cryptocurrency and futures traders. This partnership aims to provide BingX users with advanced trading tools and a seamless trading experience across multiple exchanges.
CScalp is renowned for its robust features tailored for scalping and intraday trading. The platform allows traders to operate across multiple exchanges and trade different instruments within a single interface. Its user-friendly interface and comprehensive tools are optimized for quick market analysis, one-click order placement, and efficient position management.
With this integration, BingX users can now leverage CScalp’s capabilities to enhance their trading strategies. The platform’s features, such as multi-account management, stable connection, and customizable workspace, will enable users to execute trades more efficiently and effectively. BingX users can also benefit from discounts on exchange fees, access to trading signals, and an active trader community, fostering a more informed and cost-effective trading experience.
“We are thrilled to integrate BingX with CScalp, providing our users with a powerful tool to enhance their trading experience”, said Vivien Lin, Chief Product Officer of BingX. “This collaboration underscores our commitment to offering innovative solutions that cater to the diverse needs of our trading community.”
This integration not only benefits individual traders but also strengthens BingX’s position in the market by offering a more versatile and user-centric platform. By aligning with CScalp, BingX continues to demonstrate its dedication to providing cutting-edge tools and services that empower its users to navigate the dynamic cryptocurrency trading landscape with confidence.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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