Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Infrared Fiber Laser Market by Type (Continuous Type, Impulse Type), By Application (Optical Fiber Communication, The Shipbuilding Industry, Automobile Manufacturing, Military Defense, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Infrared Fiber Laser Market by Type (Continuous Type, Impulse Type), By Application (Optical Fiber Communication, The Shipbuilding Industry, Automobile Manufacturing, Military Defense, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157937 3300 Machinery & Equipment 377 233 Pages 4.9 (44)
                                          

Market Overview:


The global infrared fiber laser market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for infrared fiber lasers in optical fiber communication, the shipbuilding industry, automobile manufacturing, military defense and other applications. North America is expected to lead the global infrared fiber laser market during the forecast period followed by Europe and Asia Pacific.


Global Infrared Fiber Laser Industry Outlook


Product Definition:


An infrared fiber laser is a type of laser that emits light in the infrared spectrum. Infrared fiber lasers are often used for industrial applications, such as welding and cutting. They can also be used for medical applications, such as surgery and tissue ablation.


Continuous Type:


Continuous type is a term used to define the process of manufacturing optical fiber by using continuous or discontinuous processes. In this method, the core and cladding are made separately and then they are gathered together in a spool for further use. The major advantage of this system over semi-continuous systems is that there is no need for aligning the laser during production; however, it has some disadvantages such as high initial cost and low operating speed (1 meter per second).


Impulse Type:


An impulse is a pulse of light. It is also known as a quantum of light. The term “impulse” is used for various types of pulses such as electro-optical, microwave, infrared and X-ray pulses. Impulses are generated by lasers using optical fibers to focus or amplify the source pulse into a narrow beam which can be further used in various applications such as heating processes, cutting processes and welding etc.


Application Insights:


The optical fiber communication segment dominated the global infrared fiber laser market, accounting for over 45% of the overall revenue in 2017. The growth can be attributed to the growing demand for high-speed data transfer and communication services in both commercial and residential applications. Infrared lasers are used as a source of light in optical fiber communications owing to their small size, low power consumption, long range transmission ability, and compatibility with existing technologies. Optical fibers containing an IR laser enable users to communicate through them at faster data transfer speeds.


Infrared lasers are also used extensively across different industries including automotive manufacturing; shipbuilding; aerospace & defense; medical equipment & devices manufacturing; security & surveillance systems among others owing to their benefits such as compact size enabling easy integration into automobiles along with increased safety levels offered by these devices on board aircrafts or ships respectively.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as aerospace, defense, marine, manufacturing & construction (M&C), and others. Infrared lasers are widely used in industrial applications due to their high precision, accuracy, stability and superior performance compared to other technologies such as visible light or X-ray radiation.


The presence of major aircraft manufacturers including Boeing; automobile manufacturers including Toyota; electronic component producers including Sony Corporation; consumer electronics companies like Samsung Electronics Co., Ltd.; among many others has led Asia Pacific being one of the most lucrative markets for infrared lasers worldwide. Moreover Infrared laser technology is also used extensively in medical applications owing to its ability not only for surgical operations but also for non-invasive procedures like hair removal or skin rejuvenation which adds up significantly towards regional growth rate.


Growth Factors:


  • Increasing demand for infrared fiber lasers from the defense and security sector as they are used in night vision and other military applications
  • Growing demand for infrared fiber lasers from the medical sector for use in surgical procedures, laser therapy, and diagnostics
  • Rising adoption of infrared fiber lasers in manufacturing and automotive industries due to their high precision and low cost of ownership
  • Proliferation of new applications for infrared fiber lasers such as 3D printing, materials processing, spectroscopy etc.
  • Technological advancements that have led to development of smaller, more efficient, and higher power infrared fiber lasers

Scope Of The Report

Report Attributes

Report Details

Report Title

Infrared Fiber Laser Market Research Report

By Type

Continuous Type, Impulse Type

By Application

Optical Fiber Communication, The Shipbuilding Industry, Automobile Manufacturing, Military Defense, Other

By Companies

COHERENT, Ekspla, ESTECHNOLOGY, Fianium, Fibercore, Fujikura, JPTOpto-electronics, Keopsys, Laser-exportCo., LASIT, LEUKOS, MaxphotonicsCo.,Ltd, MenloSystems, MPBCommunications, NewWaveResearch, Newport/Spectra-Physics, Nufern, ScitecInstruments, SISMASPA, SPILasers, TEEMPHOTONICS, TOPTICAPhotonicsAG, TRUMPFLaserTechnology, V-Gen, WuhanRaycusFiberLaserTechnologiesCo.,Ltd

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

233

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Infrared Fiber Laser Market Report Segments:

The global Infrared Fiber Laser market is segmented on the basis of:

Types

Continuous Type, Impulse Type

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Optical Fiber Communication, The Shipbuilding Industry, Automobile Manufacturing, Military Defense, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. COHERENT
  2. Ekspla
  3. ESTECHNOLOGY
  4. Fianium
  5. Fibercore
  6. Fujikura
  7. JPTOpto-electronics
  8. Keopsys
  9. Laser-exportCo.
  10. LASIT
  11. LEUKOS
  12. MaxphotonicsCo.,Ltd
  13. MenloSystems
  14. MPBCommunications
  15. NewWaveResearch
  16. Newport/Spectra-Physics
  17. Nufern
  18. ScitecInstruments
  19. SISMASPA
  20. SPILasers
  21. TEEMPHOTONICS
  22. TOPTICAPhotonicsAG
  23. TRUMPFLaserTechnology
  24. V-Gen
  25. WuhanRaycusFiberLaserTechnologiesCo.,Ltd

Global Infrared Fiber Laser Market Overview


Highlights of The Infrared Fiber Laser Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Continuous Type
    2. Impulse Type
  1. By Application:

    1. Optical Fiber Communication
    2. The Shipbuilding Industry
    3. Automobile Manufacturing
    4. Military Defense
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Infrared Fiber Laser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Infrared Fiber Laser Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Infrared fiber lasers are a type of laser that emits light in the infrared spectrum. They are used for industrial and medical applications, such as cutting and welding.

Some of the key players operating in the infrared fiber laser market are COHERENT, Ekspla, ESTECHNOLOGY, Fianium, Fibercore, Fujikura, JPTOpto-electronics, Keopsys, Laser-exportCo., LASIT, LEUKOS, MaxphotonicsCo.,Ltd, MenloSystems, MPBCommunications, NewWaveResearch, Newport/Spectra-Physics, Nufern, ScitecInstruments, SISMASPA, SPILasers, TEEMPHOTONICS, TOPTICAPhotonicsAG, TRUMPFLaserTechnology, V-Gen, WuhanRaycusFiberLaserTechnologiesCo.,Ltd.

The infrared fiber laser market is expected to register a CAGR of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Infrared Fiber Laser Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Infrared Fiber Laser Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Infrared Fiber Laser Market - Supply Chain
   4.5. Global Infrared Fiber Laser Market Forecast
      4.5.1. Infrared Fiber Laser Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Infrared Fiber Laser Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Infrared Fiber Laser Market Absolute $ Opportunity

5. Global Infrared Fiber Laser Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Infrared Fiber Laser Market Size and Volume Forecast by Type
      5.3.1. Continuous Type
      5.3.2. Impulse Type
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Infrared Fiber Laser Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Infrared Fiber Laser Market Size and Volume Forecast by Application
      6.3.1. Optical Fiber Communication
      6.3.2. The Shipbuilding Industry
      6.3.3. Automobile Manufacturing
      6.3.4. Military Defense
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Infrared Fiber Laser Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Infrared Fiber Laser Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Infrared Fiber Laser Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Infrared Fiber Laser Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Infrared Fiber Laser Demand Share Forecast, 2019-2026

9. North America Infrared Fiber Laser Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Infrared Fiber Laser Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Infrared Fiber Laser Market Size and Volume Forecast by Application
      9.4.1. Optical Fiber Communication
      9.4.2. The Shipbuilding Industry
      9.4.3. Automobile Manufacturing
      9.4.4. Military Defense
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Infrared Fiber Laser Market Size and Volume Forecast by Type
      9.7.1. Continuous Type
      9.7.2. Impulse Type
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Infrared Fiber Laser Demand Share Forecast, 2019-2026

10. Latin America Infrared Fiber Laser Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Infrared Fiber Laser Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Infrared Fiber Laser Market Size and Volume Forecast by Application
      10.4.1. Optical Fiber Communication
      10.4.2. The Shipbuilding Industry
      10.4.3. Automobile Manufacturing
      10.4.4. Military Defense
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Infrared Fiber Laser Market Size and Volume Forecast by Type
      10.7.1. Continuous Type
      10.7.2. Impulse Type
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Infrared Fiber Laser Demand Share Forecast, 2019-2026

11. Europe Infrared Fiber Laser Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Infrared Fiber Laser Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Infrared Fiber Laser Market Size and Volume Forecast by Application
      11.4.1. Optical Fiber Communication
      11.4.2. The Shipbuilding Industry
      11.4.3. Automobile Manufacturing
      11.4.4. Military Defense
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Infrared Fiber Laser Market Size and Volume Forecast by Type
      11.7.1. Continuous Type
      11.7.2. Impulse Type
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Infrared Fiber Laser Demand Share, 2019-2026

12. Asia Pacific Infrared Fiber Laser Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Infrared Fiber Laser Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Infrared Fiber Laser Market Size and Volume Forecast by Application
      12.4.1. Optical Fiber Communication
      12.4.2. The Shipbuilding Industry
      12.4.3. Automobile Manufacturing
      12.4.4. Military Defense
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Infrared Fiber Laser Market Size and Volume Forecast by Type
      12.7.1. Continuous Type
      12.7.2. Impulse Type
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Infrared Fiber Laser Demand Share, 2019-2026

13. Middle East & Africa Infrared Fiber Laser Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Infrared Fiber Laser Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Infrared Fiber Laser Market Size and Volume Forecast by Application
      13.4.1. Optical Fiber Communication
      13.4.2. The Shipbuilding Industry
      13.4.3. Automobile Manufacturing
      13.4.4. Military Defense
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Infrared Fiber Laser Market Size and Volume Forecast by Type
      13.7.1. Continuous Type
      13.7.2. Impulse Type
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Infrared Fiber Laser Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Infrared Fiber Laser Market: Market Share Analysis
   14.2. Infrared Fiber Laser Distributors and Customers
   14.3. Infrared Fiber Laser Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. COHERENT
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Ekspla
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. ESTECHNOLOGY
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Fianium
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Fibercore
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Fujikura
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. JPTOpto-electronics
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Keopsys
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Laser-exportCo.
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. LASIT
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. LEUKOS
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. MaxphotonicsCo.,Ltd
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. MenloSystems
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. MPBCommunications
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. NewWaveResearch
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Newport/Spectra-Physics
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Nufern
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. ScitecInstruments
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. SISMASPA
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. SPILasers
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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