IPG Photonics competitorsClear all

IPG Photonics's top competitors include FANUC, Applied Optoelectronics, Coherent, Maxphotonics and Raycus.

	IPG Photonics IPG Photonics is a company that develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, and diode lasers.	FANUC FANUC (ファナック) is a company providing automation products and services such as robotics and computer numerical control (CNC) wireless systems.	Applied Optoelectronics Applied Optoelectronics (AOI) is a company that designs and manufactures fiber optic networking products.	Coherent Coherent is a provider of lasers, laser-based technologies, and laser-based system solutions.	Maxphotonics Maxphotonics (深圳市创鑫激光股份有限公司) is a producer of lasers and optical devices.	Raycus Raycus (Wuhan Raycus Fiber Laser Technologies, 武汉锐科光纤激光技术股份有限公司) is a company engaged in the research, development, and scale production of fiber lasers.
Founding Date	Founding Date 1990	Founding Date 1972	Founding Date 1997	Founding Date 1966	Founding Date 2004	Founding Date 2007
Type	Type Public	Type Public	Type Public	Type Public	Type Private	Type Public
Tags	Tags Manufacturing & Industrial cables electronics fiber optic lasers sensors	Tags Manufacturing & Industrial automation lasers machinery robotics wireless	Tags Manufacturing & Industrial broadband cables communication equipment fiber optic lasers telecommunications	Tags Manufacturing & Industrial electronic components electronics lasers optics	Tags Manufacturing & Industrial electronic components lasers machinery	Tags Manufacturing & Industrial lasers optics welding
Locations	Locations Oxford, US HQ Granja Viana, BR Burlington, CA Kingston, CA Beijing, CN Beijing, CN Shanghai, CN see more	Locations Oshino, JP HQ Buenos Aires, AR Huntingwood, AU Mulgrave, AU Port Adelaide, AU Springwood, AU Vorchdorf, AT see more	Locations Sugar Land, US HQ Ningbo Shi, CN New Taipei City, TW Duluth, US	Locations Santa Clara, US HQ Hilton, AU Markham, CA Beijing, CN Shanghai, CN Shenzhen, CN Shenzhen, CN see more	Locations Shenzhen Shi, CN HQ	Locations Wu Han Shi, CN HQ
Employees	Employees 6,5809% increase	Employees 8,2561% increase	Employees 2,5346% decrease	Employees 5,0854% increase	Employees 2414% decrease	Employees 2,53222% increase
Valuation ($)	Valuation ($) 5.3 b	Valuation ($) 30.2 b	Valuation ($) 50.8 m	Valuation ($) 6.6 b	Valuation ($) N/A	Valuation ($) 2.3 b
Twitter followers	Twitter followers 851	Twitter followers 25.2 k	Twitter followers 268	Twitter followers 2.6 k	Twitter followers 28	Twitter followers 77
Number of tweets (last 30 days)	Number of tweets (last 30 days) 4	Number of tweets (last 30 days) 22	Number of tweets (last 30 days) N/A	Number of tweets (last 30 days) 43	Number of tweets (last 30 days) 6	Number of tweets (last 30 days) N/A
Average likes per tweet (last 30 days)	Average likes per tweet (last 30 days) 0.8	Average likes per tweet (last 30 days) 1.8	Average likes per tweet (last 30 days) N/A	Average likes per tweet (last 30 days) 1.7	Average likes per tweet (last 30 days) 0.5	Average likes per tweet (last 30 days) N/A
Percentage of tweets with engagement (last 30 days)	Percentage of tweets with engagement (last 30 days) 100%	Percentage of tweets with engagement (last 30 days) 95.45%	Percentage of tweets with engagement (last 30 days) N/A	Percentage of tweets with engagement (last 30 days) 83.72%	Percentage of tweets with engagement (last 30 days) 33.33%	Percentage of tweets with engagement (last 30 days) N/A
Alexa Website Rank	Alexa Website Rank 353168	Alexa Website Rank 374983	Alexa Website Rank 496966	Alexa Website Rank 411641	Alexa Website Rank 495576	Alexa Website Rank 323508
Employee Rating	Employee Rating 3.2	Employee Rating 3.2	Employee Rating 2.7	Employee Rating 4.4	Employee Rating N/A	Employee Rating N/A
Financial
Revenue (est.)	Revenue (est.) $1.5b (FY, 2021)	Revenue (est.) ¥733b (FY, 2022)	Revenue (est.) $211.6m (FY, 2021)	Revenue (est.) $1.5b (FY, 2021)	Revenue (est.) N/A	Revenue (est.) ¥3.4b (FY, 2021)
Cost of goods	Cost of goods $764.5m (FY, 2021)	Cost of goods (¥390.3b) (FY, 2022)	Cost of goods $173.9m (FY, 2021)	Cost of goods $918.6m (FY, 2021)	Cost of goods N/A	Cost of goods (¥2.4b) (FY, 2021)
Gross profit	Gross profit $696.4m (FY, 2021)	Gross profit ¥342.7b (FY, 2022)	Gross profit $37.7m (FY, 2021)	Gross profit $568.8m (FY, 2021)	Gross profit N/A	Gross profit ¥985.9m (FY, 2021)
Net income	Net income $277.9m (FY, 2021)	Net income ¥158.5b (FY, 2022)	Net income ($54.2m) (FY, 2021)	Net income ($106.8m) (FY, 2021)	Net income N/A	Net income ¥502m (FY, 2021)
Operating ⚠
Backlog	Backlog $673.7m (FY, 2020)	Backlog N/A	Backlog N/A	Backlog $717.1m (FY, 2021)	Backlog N/A	Backlog N/A
Industries Served	Industries Served 14 (Aug, 2021)	Industries Served N/A	Industries Served N/A	Industries Served N/A	Industries Served 22 (FY, 2022)	Industries Served N/A
Patent Applications	Patent Applications 475 (FY, 2020)	Patent Applications N/A	Patent Applications N/A	Patent Applications 195 (FY, 2021)	Patent Applications N/A	Patent Applications N/A
Patents Issued	Patents Issued 500 (FY, 2020)	Patents Issued N/A	Patents Issued N/A	Patents Issued 890 (FY, 2021)	Patents Issued N/A	Patents Issued N/A
Product Categories	Product Categories N/A	Product Categories 4 (Apr, 2022)	Product Categories N/A	Product Categories N/A	Product Categories 4 (FY, 2022)	Product Categories N/A
Funding
Total funding raised	Total funding raised $ 82.4m	Total funding raised N/A	Total funding raised $ 99m	Total funding raised $ 140k	Total funding raised N/A	Total funding raised N/A