ID: MRFR/SEM/4142-HCR | 185 Pages | Published By Shubham Munde on April 2023
Ultrafast Laser Market Size was valued at USD 1.3 billion in 2021. The ultrafast laser market industry is projected to grow from USD 1.5 billion in 2022 to USD 4.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.00% during the forecast period (2022 - 2030). High dimensional accuracy is made possible by ultrafast lasers, and micromachining is the main factor boosting the demand for ultrafast lasers during the coming years. Furthermore, the market's expansion is accelerated by the spike in demand for small-sized consumer gadgets. These market drivers led to the expansion of market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Increased need to improve dimensional accuracy to propel market growth
The need for a small, dependable electronic device was created by technological advancements in consumer electronics, computers, networking and telecom, transportation, healthcare, and consumer electronics. Such portable electronic devices demand great dimensional accuracy for components like displays. It is projected that there would be a rise in demand for the fabrication materials required to make high-performance semiconductor components. In high-speed, fully integrated applications like aerospace and some consumer electronics, the demand for compact equipment has expanded dramatically. These factors for creating the final products forced the OEMs to make small parts with intricate characteristics, making micromachining a key element in creating miniaturized electronic systems. The demand for tiny, portable electronic devices has increased across nearly every industrial sector, including communication equipment, cars, industrial manufacturing, and healthcare equipment. These advancements in the electronic device manufacturing sector have increased the need for enhanced dimensional accuracy and increased OEM pressure to assure that the products are free of errors and flaws. Consequently, it is anticipated that the use of laser machining technology will increase. Additionally, it is projected that the necessity for a competitive edge in terms of device performance, particularly in specialised markets with high potential for profit like consumer electronics, will fuel the demand for ultrafast lasers. Thus, this factor is driving the market CAGR.
Additionally, until recently, ultrafast lasers were labor-intensive, sensitive technologies that weren't designed to handle the demands of an industrial environment. Recent advances in laser technology have resulted in a significant change in the situation. Ultrafast lasers with pulse durations in the femtosecond and picosecond range are essential in many industrial operations. Due to advancements in laser technology, process development, beam control, and delivery, these lasers are helpful for treating high-quality, essentially hot materials, making a variety of cutting-edge scientific and commercial applications now feasible. Recent developments now make it possible to provide high power with exceptional beam characteristics in a space-effective arrangement and, most impressively, at production costs hardly higher than conventional fibres using tapered double-clad fibre (T-DCF) amplifiers. Due to the increased research and development in the laser field and the proportionally rising number of applications for the technology, the emphasis on investments and innovations is evolving. The ongoing research and advancements in the field of ultrafast lasers are predicted to lead to more usage throughout time by a variety of industries and on a variety of materials. Thus, it is anticipated that this aspect will accelerate ultrafast laser market revenue globally.
The Ultrafast Laser Market segmentation has been segmented by type of test into femtosecond and picosecond. The picosecond segment dominated the market growth in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The market for picosecond lasers has been growing along with the increase in demand for manufacturing small electronics. The electronics industry is defined by its relentless pursuit of ever-increasing compactness and functionality. The production of rigid printed circuit boards (PCBs), package substrates, and thin flex circuits—two essential micromachining operations—are all impacted, as are nearly all other steps of the manufacturing process for electronics.
Figure 2: Ultrafast Laser Market by Pulse Duration, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Ultrafast Laser Market segmentation, based on application is divided into bio-medical, science and research, spectroscopy and materials processing. The science and research segment dominated the ultrafast laser market revenue in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to its benefits and cost, applications of ultrafast laser are slowly spreading into numerous industries. Additionally, there is an increasing need for such advanced laser systems due to the growing necessity for ultrafast laser in crucial science & research.
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America ultrafast laser market accounted for USD 0.6 billion in 2021 and is expected to exhibit a 43.90% CAGR during the study period. One of the key elements that will strengthen the power of the manufacturing sector and aid the region in experiencing considerable growth is the manufacture of electronics in the US ultrafast laser market, which is a part of the North American region. It is commonly acknowledged that the development of the region's manufacturing industry has been significantly influenced by electronics.
Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Ultrafast Laser Market SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Asia Pacific ultrafast laser market accounts for the fastest growing market share. The rise in demand for femtosecond fibre lasers in the electronics and automotive industries is responsible for the surge. Numerous electronics OEMs, mainly in China and Japan, and technological advancements further contribute to the market's expansion. Further, the Chin ultrafast laser market held the largest market share, and the India ultrafast laser market was the fastest-growing market in the region.
Europe ultrafast laser market is expected to grow at a substantial CAGR from 2022 to 2030 due to a substantial R&D investment strategy and expanding laser technology use across industry verticals. There are various funded projects that were initiated by European Union that aimed at developing high-power, low-noise, ultrafast tunable laser sources using supercontinuum generation. Moreover, UK ultrafast laser market held the largest market share, and the Germany ultrafast laser market was the fastest-growing market in this region
Major market players are spending a lot on R&D to increase their product lines, which will help the ultrafast laser industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.
One of the primary business strategies manufacturers adopt in the global ultrafast laser industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, ultrafast laser industry has provided medicine with some of the most significant benefits. The ultrafast laser market major player such as Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR Inc. (U.S.), Coherent Inc. (U.S.), DPSS Lasers Inc. (U.S.), EKSPLA (Lithuania), Epilog Laser (U.S.), IMRA America (U.S.), IPG Photonics (U.S.), JENOPTIK Laser GmbH (Germany), Laser Quantum (U.K), Lumentum Operations LLC (U.S.), Newport Corporation (U.S.), NKT Photonics (U.S.), Resonetics (U.S.), Rofin-Sinar Laser GmbH (Germany), Sheaumann Laser Inc. (U.S.) and Spectra-Physics (U.S.).
The American firm Coherent, Inc., with its headquarters in Santa Clara, California, develops, produces, and provides support for laser equipment and related speciality components. In March 2022, the launch of the COMPex family of products was announced by Coherent Inc. The strongest VUV laser is the Coherent COMPex F2. The dual-wavelength laser is able to provide the strong source of vacuum ultraviolet wavelengths required by some applications. By simply adjusting the gas fill, the F2 specifically offers a direct output at 157 nm and 193 nm, boosting its usefulness and worth.
An integrated photonics company called Jenoptik AG is situated in Jena, Germany. The company's clients include businesses in the electronics, semiconductor equipment, life science and medical technology, traffic and security industries, and so forth. In February 2022, Jenoptik disclosed a joint venture with Accretech. Beginning on February 1, 2022, the businesses merged their economic and technological resources to add value for the entire Japanese industry. As a result, Jenoptik added another reliable distribution partner.
Amplitude Systemes (France)
Attodyne Inc. (Canada)
Clark-MXR Inc. (U.S.)
Coherent Inc. (U.S.)
DPSS Lasers Inc. (U.S.)
Epilog Laser (U.S.)
IMRA America (U.S.)
IPG Photonics (U.S.)
JENOPTIK Laser GmbH (Germany)
Laser Quantum (U.K)
Lumentum Operations LLC (U.S.)
Newport Corporation (U.S.)
NKT Photonics (U.S.)
Rofin-Sinar Laser GmbH (Germany)
Sheaumann Laser Inc. (U.S.)
February 2022: In the fibre laser business Active Fiber Systems (AFS), Trumpf Group purchased an 80% share. Based on ytterbium and thulium-doped fibre amplifiers, AFS created a variety of femtosecond and picosecond pulsed lasers used largely in scientific research. Trumpf Group's ultrafast fibre laser product, which is largely designed for industrial applications like precision welding and additive manufacturing, is anticipated to grow and be complemented by this deal.
January 2022: Microscopy-specific femtosecond laser sources CRONUS-2P and CRONUS-3P were introduced by Light Conversion. Applications for it include optogenetics, deep imaging, and functional neuroimaging using both quick, high-repetition-rate two-photon imaging and medium-repetition-rate three-photon excitation.
Science and Research
Rest of Europe
Rest of Asia-Pacific
Rest of the World
|Market Size 2021||USD 1.3 Billion|
|Market Size 2022||USD 1.5 Billion|
|Market Size 2030||USD 4.6 Billion|
|Compound Annual Growth Rate (CAGR)||17.00% (2022-2030)|
|Historical Data||2018 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Pulse Duration, Application and Region|
|Geographies Covered||North America, Europe, Asia Pacific, and Rest of the World|
|Countries Covered||The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil|
|Key Companies Profiled||Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR Inc. (U.S.), Coherent Inc. (U.S.), DPSS Lasers Inc. (U.S.), EKSPLA (Lithuania), Epilog Laser (U.S.), IMRA America (U.S.), IPG Photonics (U.S.)|
|Key Market Opportunities||The market for ultrafast lasers is expected to expand as a result of developments in materials and laser settings|
|Key Market Dynamics||Advances in technology and a rise in the use of ultrafast laser applications across a variety of business verticals|
The market size was expected to be USD 1.3 billion in 2021.
The market is expected to register a CAGR of ~17.00% over the next ten years.
North America held the largest market share in the market.
Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR Inc. (U.S.), Coherent Inc. (U.S.), DPSS Lasers Inc. (U.S.), EKSPLA (Lithuania), Epilog Laser (U.S.), IMRA America (U.S.), IPG Photonics (U.S.) are the key players in the market.
The picosecond category led the segment in the market.
The science and research category had the largest market share in the market.