Ultrafast Laser Market Research Report—Global Forecast till 2028

Ultrafast Laser Market Research Report: Information by Type (Titanium-Sapphire, Diode-Pumped, Fiber Laser, and Mode-Locked Diode), Pulse Duration (Femtosecond and Picosecond), Average Power (0.5mW–120mW, 120mW–500mW, and 500mW<), Repetition Rate (0.5 MHz–40MHz, 40MHz–80MHz, and 80MHz–100MHz), Application (Biomedical, Medical Processing, Spectroscopy & Imaging, Science & Research, and Others),and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2028

ID: MRFR/CnM/4142-HCR | August 2021 | Region: Global | 185 pages

Ultrafast Laser Market Overview


Ultrafast Laser Market is projected to be worth USD 4.48 billion by 2028, registering a CAGR of 17.81% during the forecast period (2021 - 2028)., The market was valued at USD 1.75 billion in 2021.


The Ultrafast laser service has been put to use across industries like manufacturing for many decades now. For powerful and clear-cut processing to be carried out by the manufacturing units, excellent quality of materials like ultrafast lasers is used as they ensure a high level of accuracy. Also, to re-introduce the innovative initiations in the marketplace, the ultrafast lasers make use of a short light pulse with the help of an electromagnetic pulse. The time duration of this is very less or that of a picosecond. The ultrafast laser technology is gaining a high momentum as they are an essential ingredient and used in the form of manufacturing tools in a series of industries like consumer electronics, medical devices, and automotive, as well. These pulse lasers offer a series of advantages to the Ultrafast laser market end-users like enhancing the dimensional accuracy alongside providing tighter tolerances, and also, allows the elimination of the post-processing steps that might cause a delay for delivery during the forecast period that ends in 2028.


COVID 19 Analysis


The novel coronavirus pandemic has accelerating various new trends related to the demand and production of various production and manufacturing units. The main reason behind this is that this disease is fatal and also, has a very high rate of transmission. Also, there are many health complications. Hence, to reduce the challenges for the healthcare industry and infrastructure, the government is aiming to decrease the rate at which the disease is spreading by introducing lockdowns, curfews, and also, limiting the time for the markets and companies to function. Also, there has been an introduction of various norms which is pushing people to decline their demand which disrupts the revenue potential of the ultrafast laser market and also, disrupts the supply chain of the market.


The government and the key market players are thus, collaborating and investing in the research and development areas that will help in the wider adoption of the ultrafast laser market trends. Also, companies are opening their interests for mergers and acquisitions that will strengthen their presence and help the ultrafast laser market grow as per the prediction during the ongoing forecast period that ends in 2028.


Ultrafast Laser Market Dynamics


Drivers


The ultrafast laser makes use of a reliable technique belonging to a high pulse amplification so that there is no damage to the amplifier. The research and development departments of the manufacturing units help in using the advanced materials and laser configurations. These configurations render a promise to open up a new range of applications that are not just from the core area of industrial micromachining. Industries are largely moving towards using this technology that will help in enhancing machine accuracy. This enables the development of great growth opportunities for the ultrafast laser market.


Restraints


However, the ultrafast laser market has certain factors that might restrain the growth of the global market as per the predictions during the forecast period that ends in 2027. The oscillators and amplifiers type of lasers have high initial costs attached to them. Also, the improvement regarding the process precision hampers the timely delivery of the services. This may or may not be liked by the target audience and hence, the demand for buffer time always remains a matter of question. The operating cost of the production lane might also tend to increase.


Technology Analysis


The ultrafast laser market system deals with the femtosecond and picosecond variants that are gaining larger traction amongst the various kinds of manufacturing sectors that deal in providing both medical and medical equipment. Likewise, stents alongside other medical materials like catheters are made with the help of ultrafast lasers. Also. mandates for laser making on the medical devices that are used by the target audience spread across various mushrooming regions show excellent use of technology and good prospects for the market during the ongoing forecast period that ends in 2028. Also, there is a germinating need for high precision across the products that guarantee a good value like smartphones and automobiles that predicts a desired performance by the market by the end of the forecast period in 2028.


Study Objectives



  • To conduct a qualitative analysis of the market and consider the viewpoints provided by the experts and leaders of the market operations to predict an ideal growth for the market during the current period that ends in 2028 and also, an expected market valuation based on the market dynamics and overview.

  • To study the revenue potential of the market segments that are functional in various regions across the globe and also, help in making a difference to the final market valuation

  • To analyze the competitive degree prevailing in the market amongst the key market players and also, predict the global domination by studying the recent developments undertaken by the players in the form of growth steps and strategies during the ongoing forecast period of 2020-2027.


Ultrafast Laser Market Segment Overview


Based on the resource distribution and availability of technology to cater to the vibrant needs of a large customer base that is spread across various geographical regions, the market has been segmented. The segmentation of the market has been done based on the following:


Based on the type


The type segment of the ultrafast laser market deals in a variety of products like titanium-sapphire lasers, fiber lasers, diode-pumped lasers, and others like the mode-locked diode lasers as well.


Based on duration


Based on the pulse duration, the ultrafast laser market has been segmented into femtosecond and picosecond.


Based on application


The application segment of the ultrafast laser market software includes bio-medical, science and research, spectroscopy, and materials processing amongst the rest.


Based on region


The regions in which the market is currently rendering its operations are North America, the APAC region, Europe, and the rest of the world (RoW).


Ultrafast Laser Market Regional Analysis


The European ultrafast laser market is likely to experience the fastest growth in the region owing to the market trends and growing demand from the customers based in this region. Electronics manufacturing in the US ultrafast laser market, as a part of the North American region, is one of the major factors that will boost the power of the manufacturing sector and help the region experience significant growth during the ongoing forecast period that ends in 2027. Electronics are being widely accepted as a significant contributor to the development of the manufacturing market in the region, especially in the ongoing forecast period of 2020-2027.


Ultrafast Laser Market Competitive Landscape


The ultrafast laser market players that help in understanding the prevalence of a competitive degree are as follows:



  • Amplitude Systemes

  • Jds Uniphase Corporation

  • Attodyne Inc.

  • Fianium Ltd.

  • Coherent Inc.

  • Dpss Laser Inc.


Recent Developments



  • Amplitude Laser Inc., collaborated with Centre Aquitain des Technologies de I’Information et Electroniques (CATIE) in June, 2021. The main idea behind this collaboration is to provide the target audience with Pdigital solutions that help in collaborating between parties like a local technician along with a remote expert. These collaborations will help in enhancing and increasing the lasers operating time.

  • Another collaboration was announced by Optin Laser International and EKSPLA in January 2021. This partnership aims to provide exclusive rights to Opton Laser International in the geographical territory of France. The company aims to carry out the selling and distribution functioning of the products belonging to EKSPLA. But, this is exclusive of the fiber lases. This collaboration is a big opportunity for both companies to expand their global presence.

  • Coherent Inc., announced its supply agreement with II-VI Incorporated in December 2020. This step has been taken to enable a faster process for development and also, streamline the production services related to the automotive laser welding applications. Also, this agreement is expected to support a huge range of applications that are inclusive of the high-strength alloy welding that can be used for the automotive body-in-white applications and also help in the mass production of copper welding to be used in electrification applications.


Intended Audience



  • Potential market investors

  • Manufacturers of ultrafast laser

  • Public sector

  • Government

  • Research firms and development institutions

  • Medical care and healthcare services


Report Overview


The report helps in discussing the ultrafast laser market type and helps to forecast the CAGR growth of the market and expected market valuation by the end of the forecast period in 2028. The report discusses the scope of the market and the potential of the market segments that are functional in different global regions. The market also focuses on the competitive degree prevailing by discussing the recent developments of the prominent ultrafast laser market players.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD USD 4.48 billion
  CAGR   17.81% (2021-2027)
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, by Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities   The growth of the market in North America is attributed to technological advancements and increased adoption of ultrafast laser applications across various industry verticals.
  Key Market Drivers   Advancements in materials and laser configurations are set to drive the growth of the ultrafast laser market.


Frequently Asked Questions (FAQ) :


Ultrafast Laser Market is projected to be worth USD 4.48 billion by 2028

The global ultrafast laser market is projected to register a 17.81% CAGR in the forecast period.

A few major market players operating in the global ultrafast laser market are Resonetics (U.S.), Sheaumann Laser Inc. (U.S.), Rofin-Sinar Laser GmbH (Germany), and Spectra-Physics (U.S.) among others.