Fiber lasers to dominate industrial market by 2010.

MOUNTAIN VIEW, CA--According to a new report from Strategies Unlimited, fiber lasers are finally set to capture a large share of the $2 billion industrial laser market from conventional laser technologies, even in the prominent kilowatt-class laser market. Sales of fiber lasers are expected to have unusually strong compound annual growth of over 35% through 2010 in an industrial laser market that will grow just 9% per year over the same period. The timing is propitious for fiber laser suppliers, since they can seize market share from sales of solid-state and other lasers in several key laser applications that will see steady growth in coming years.

The fiber laser is …