Ultrafast Laser Market

Ultrafast Laser Market Outlook (2022-2032)

The global ultrafast laser market will reach a valuation of US$ 1,872.3 million in 2022 and is expected to progress at a CAGR of 14.1% to reach US$ 7,029.32 million by the end of 2032.

Sales of ultrafast laser accounted for nearly 10% share of the global laser market at the end of 2021.

Report Attributes	Details
Ultrafast Laser Market Size (2021A)	US$ 1,640.8 Million
Estimated Market Value (2022E)	US$ 1,872.3 Million
Forecasted Market Value (2032F)	US$ 7,029.32 Million
Global Market Growth Rate (2022-2032)	14.1% CAGR
North America Market Share (2022)	~20.6%
North America Market Value (2022)	US$ 385.6 Million
Europe Market Share (2022)	~24.1%
Europe Market Value (2022)	US$ 451.1 Million
China Market Share (2022)	~14.8%
China Market Value (2022)	US$ 276.9 Million
Top 3 country Market Share	~34.4%
Key Companies Profiled	Amplitude Laser Group Coherent Inc. EKSPLA JDS Uniphase Corporation (VIAVI Solutions) Jenoptik AG Laser Quantum (Novanta Technologies UK Limited) MKS Instruments Inc. NKT Photonics A/S IPG Photonics TRUMPF Laser GmbH + Co. KG Lumentum Holdings Inc. Toptica Photonics Inc.

Sales Analysis of Ultrafast Laser (2017-2021) Vs. Market Outlook (2022-2032)

Ultrafast lasers are ultrashort light pulses with a broadband optical range and have a wide range of applications. Market growth for ultrafast lasers is primarily driven by increasing demand in the materials processing and semiconductor industries, finding applications in several end-use industries such as automotive, consumer electronics, communications and technology, and healthcare.

The industry has switched from laser cutting technology to ultrafast laser technology to improve processing accuracy and enable early market introduction. Improving process accuracy reduces the overall time and production line operating costs. This is the main reason for the adoption of material processing applications.

The ultrafast laser market is focusing on growing medical use due to the precision and advantages offered by the laser over other traditional methods. Further, the utilization of ultrafast lasers in the vast applications of the medical field for cancer treatment, X-ray, and other surgical processes provides good opportunity platforms to the players.

• Short Term (2022 Q2 to 2025): Growing micromachining application will positively impact ultrafast laser market growth.
• Medium Term (2025-2028): China and U.S projected to witness comparatively high demand for ultrafast laser due to increased penetration in the end-use industries like the consumer electronics, automotive, and others.
• Long Term (2028-2032): The ultrafast lasers, when integrated in IoT can enable detection of objects in their path. Also the sensor control for the shooting of ultrafast pulses can be an innovative technique for the lasers.

From 2017 to 2021, the global market for ultrafast laser registered a CAGR of 7.6%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 14.1% CAGR between 2022 and 2032.

Market share analysis of ultrafast laser based on end use and region is provided in the above image. Under the end use segment, the consumer electronics sub-segment dominates with 29.3 % market share in 2022.

What’s Driving High Demand for Ultrafast Laser across Regions?

“Advancements in automotive industry to increase the demand of Ultrafast Lasers Market”

The automotive industry is driving advances in laser applications that meet numerous automotive industry requirements, including quality, product miniaturization, high precision, smaller lots, and application to various materials. Car manufacturers around the world are under immense pressure to meet the goals and strict government regulations like increasing mileage and minimizing CO2 emissions.

Femtosecond lasers are currently used in high-volume conditioning of engine parts, including pistons because it demands high stability and reliability along with innovation. Automobile manufacturers are turning towards technological innovations in lasers as one of the solutions and thus increasing the demand for the ultrafast market.

These ultrafast lasers are most useful for micro-structuring on parts that have an intricate shape, as they can be used to rapidly process even the most complex surface geometries. The elevating automotive industry will surely lead to the augmented sales of ultrafast lasers. The automotive end-use vertical is expected to grow at a CAGR of 13.7% during forecast period.

“Rising ultrafast laser applications to spur the market growth.”

The expansion of large applications in the medical field of ultrafast lasers for X-rays, cancer treatment, and many other surgical processes provides a good opportunity for the ultrafast lasers market. These lasers can be classified on the basis of the wavelengths they emit for different medical treatments.

For instance, Photodynamic therapy (PDT), is a blue light therapy, that uses photosensitive molecules (photosensitizers) that are activated by the appropriate type of light such as lasers. It is used in oncology for few specific cancers such as esophageal cancer, and non-small cell lung cancer.

Industries have transitioned from laser cut technology to ultrafast laser technology for machining accuracy and thus enabling improvement in the process precision reducing the overall time and operating cost for the production line. Furthermore, there is an upsurge in the application of ultrafast lasers for industrial processes such as drilling, cutting, and surface processing due to their high efficiency and precision.

What Do Ultrafast Laser Manufacturers Need to Watch Out For?

“Manufacturing Complexities Hinder the Market Growth”

The manufacturing complexities of ultrafast lasers are one major hindrance to the adoption of ultrafast lasers. Lasers consist of many components such as mirrors, optical resonators, and other minor components. All of these components should be of proper accuracy and precision. Technological advancements increase the risk of manufacturing laser components as well as lasers.

Precision manufacturing is required, and though the cost of laser technology is expected to decrease due to rising advancements in technology, certain usage still favours the need for cost-effective solutions. The high cost of lasers compared to other methods in applications is affecting the growth of the market.

Country-wise Insights

Why is China Ultrafast Laser Market expected to be Lucrative?

The domestic consumer electronics market in China accounts for almost one-third of the world's total production. Portable electronics demand is seeing an increase in the use of femtosecond lasers. Microprocessors, cell phones, displays, and memory chips are exceedingly complex components made up of a variety of materials, numerous layers of extremely thin layers, and few other characteristics. In June 2022, cell phone production reached around 120 million units.

With these promising figures, there is no doubt that the consumer electronics sector in the country will grow significantly in the future. To ensure an efficient production cycle, major manufacturers have incorporated highly efficient ultrafast lasers, providing fertile ground for several regional and global laser suppliers.

Han`s Laser is a leading manufacturer of laser processing machines, offering a wide range of machines for the electronics and semiconductor industries. In October 2021, the company partnered with China International Marine Containers (CIMC) to accelerate smart manufacturing.

Will Increasing Automobile Industry in the U.S Drive Ultrafast Laser Demand?

The growth of the ultrafast laser business, which accounts for around 21% of the total market share, is being aided by the large presence of major rivals in the United States. The industry is also anticipated to increase as a result of expanding advancements in laser settings and materials, which promise to unlock a wide range of new applications.

The expanding automobile industry in the nation is a major force for growth. Automobile producers are implementing cutting-edge manufacturing technologies to speed up production as the number of vehicles on the road rises.

The US market is dominated by a few ultrafast laser manufacturers as well as suppliers market their market share of 14.6% in 2021 globally. For instance, IPG Photonics provides a variety of ground-breaking fiber lasers that are the perfect instrument for typical types of welding, marking, engraving, cutting, and brazing procedures used in the manufacture of automobiles. The trifocal brazing laser, one of its lasers, was created exclusively for the automotive sector to enhance the quality of brazed components.

Category-wise Insights

Will the Market Grow for Fiber based Ultrafast Laser?

The most prominent segment in the market is ultrafast fiber lasers with the highest market share. Ultrafast fiber lasers are rapidly advancing due to their inherent values such as excellent beam efficiency, all-fiber format possibilities, high single-pass gain, high power scalability, and opening up a wide range of applications in high-field research. These features of used in laser processing, optical communication, microscopy, precision measurement, and spectroscopy.

The worldwide adoption fiber lasers in vivid applications is on the rise. They are frequently utilized in industrial settings to carry out cutting, cleaning, texturing, drilling, marking, welding, and much more due to the various wavelengths they can produce. In other industries, like telecommunications and medicine, they are also utilized. Considering the significant use case of fiber lasers, it is expected to account for approximately 43.4% share of the ultrafast laser market in 2022.

How Micromachining End-Use is Leading the Sales of Ultrafast Laser

The micromachining segment of the ultrafast laser market is regarded as the promising segment in the global market, growing at a significant CAGR of 14.1% during the forecast period. The industry is moving from laser cutting technology to ultra-fast laser technology for processing precision.

Improving process accuracy reduces the overall time and production line operating costs. This is the main reason for the adoption of material processing applications. Ultrafast micromachining lasers remain in high demand as the goal is to create micron-scale features such as grooves, holes, and marks with higher dimensional accuracy while avoiding any damages.

Competitive Landscape

The players of ultrafast lasers are Amplitude Laser Group, Coherent Inc., EKSPLA, JDS Uniphase Corporation (VIAVI Solutions), Jenoptik AG, Laser Quantum (Novanta Technologies UK Limited), MKS Instruments Inc., NKT Photonics A/S, IPG Photonics, TRUMPF Laser GmbH + Co. KG, Lumentum Holdings Inc., Toptica Photonics Inc.

The global ultrafast laser market is fragmented with the presence of numerous local and regional players. Market players are focusing on new product rollouts with large R&D and collaboration investments that substantially improve market growth.

Prominent manufacturers of ultrafast lasers use expansion strategies including introducing new technologically enhanced lasers for specific end-use industries, expanding virtual footprint, cooperating with other manufacturers, and signing acquisition agreements.

• In October 2021, Han`s Laser partnered with China International Marine Containers (CIMC) to accelerate smart manufacturing.
• From 2020 onwards, EKSPLA, a developer of laser systems, solid-state lasers, and optoelectronics and is now customizing its product portfolio by the introduction of a new technology called the Extreme Light Infrastructure Attosecond Light Pulse Source (LI-ALPS).
• In May 2021, Coherent Inc. announced the introduction of a new website aimed at strengthening existing customer relationships and forging new ones. This revamped website includes new tabs detailing customer success stories, a new resources center, a direct link to its product catalogue, and improved accessibility for visitors with disabilities

Fact.MR has provided detailed information about the price points of key manufacturers of ultrafast laser positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Ultrafast Laser Industry Research

• By Type :

  • Titanium–Sapphire Lasers
  • Mode-Locked Diode-Pumped Bulk Lasers
  • Fiber Lasers
  • Mode-Locked Dye Lasers
  • Mode-Locked Diode Lasers
  • Others

• By Pulse Duration :

  • Picosecond
  • Femtosecond

• By Application :

  • Micromachining
    • Flat panel display manufacturing
    • Thin films micromachining
    • Two-photon polymerization
    • Precision micromachining
    • Others
  • Medical
    • Medical device fabrication
    • Cardiovascular stent manufacturing
    • Laser eye surgery
    • Others
  • Bio-Imaging
    • Multiphoton microscopy
    • Multimodal imaging
    • Others
  • Scientific Research
    • Multi-dimensional spectroscopy
    • THz spectroscopy
    • Coherent control
    • High harmonic generation, EUV
    • Others

• By End Use :

  • Consumer Electronics
  • Healthcare & Life Science
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Research & Academics

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia &Oceania
  • Middle East & Africa