This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Ultrafast Laser Market

Ultrafast Laser Market

Ultrafast Laser Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Ultrafast Laser Market
FACT3464MR

Ultrafast Laser Market Overview

The ultrafast laser market is poised to expand 3.7X in terms of value, and is foreseen to progress at an impressive CAGR of over 14% during the forecast period of 2020 to 2030. Ultrafast lasers are ultra-short pulses of light with an electromagnetic pulse whose time duration is of the order of a picosecond or less.

Growing demand for material processing and semiconducting industries is driving the expansion of the ultrafast laser market size. Increasing application across many end-use industries such as automotive, communication and technology, consumer electronics, and medical care is an important reason for the growth of the ultrafast laser market.

Ultrafast Laser Market Insights by Type

The most prominent segment in the market is ultrafast fiber lasers with the highest market share. The fiber laser segment is expected to hold a share of 42% in the ultrafast laser market. Ultrafast fiber lasers have made rapid progress due to their intrinsic value, such as the potential all full fiber formats, excellent beam efficiency, higher power scalability, and high single-pass gains, which have opened up widespread applications in high-field research, laser machining, accuracy metrology, optical communication, microscopy, and spectroscopy.

Titanium-sapphire is the second-most attractive segment and is anticipated to experience a healthy growth rate of 14% during the forecast period. Titanium-sapphire lasers are used in research, as these are tunable and capable of ultra-short pulses from a few picoseconds (ps) to tens of attoseconds (as), in duration.

Due to their tunability and capacity to produce ultra-short pulses, these lasers are primarily used in scientific research. However, they require pump light from some green laser, which makes them more complex and expensive.

Know More Details About the Report

Ultrafast Laser Market Insights by Application

The micromachinings segment in the ultrafast laser market is foreseen as the most remunerative segment, projected to expand at a significant CAGR of 14% over the forecast period. Industries have moved from laser cut technology to ultrafast laser technology for machining accuracy. Improvements in process precision reduce the overall time and operating cost for a production line, which is the primary reason for adoption in material processing applications.

In 2019, the bio-Imaging segment dominated the overall ultrafast laser market in terms of value. The segment reached around 30% of the overall market share by witnessing a historical CAGR of 13%. The medical segment is expected to expand at a value CAGR of 14% during the forecast period.

The segment is expected to reach a market valuation of over US$ 400 Mn by the end of the forecast period of 2020-2030. This indicates that growth in the medical laser application segment is highly anticipated during the forecast period, augmented by increasing research and development. Furthermore, laser marking mandates for medical devices across regions is another cause of the rising demand for high-speed lasers.

ultrafast laser market analysis by application

Regional Outlook of Ultrafast Laser Market

East Asia is estimated to account for 30% of the total ultrafast laser market share in 2020. East Asian countries are markets with high populations and rising number of medical applications such as dentistry, dermatology, and others are factors boosting growth of the market in the region. Further, increasing manufacturing activities and rapid urbanization provide an immense growth opportunity in the region.

The consumer electronics market enables high consumption in precision micromachining applications that include flat panel display manufacturing, thin film micromachining, and others. Each of these technologies use laser applications for improved yield in the manufacturing phase.

In North America, the strong presence of prominent players is aiding the growth of the ultrafast laser market, which accounts for around 21% of the total market share. Also, the region is expected to see growth as a result of increased advancements in materials and laser configurations that promise to open up a variety of new applications.

In Fact.MR’s report, North America is anticipated to create an absolute dollar opportunity of US$ 1.1 Bn over the forecast period. Growing automotive industry in the region is another major driving force for growth in the region. Automobile manufacturers are turning towards technological innovations in lasers as one of the solutions, and thus, increasing demand in the ultrafast market in the region.

ultrafast laser market regional analysis

Avail customized purchase options for your needs

Ultrafast Laser Market: Competitive Landscape

The global ultrafast laser market is fragmented with the presence of numerous local and regional players. Some of the players are MKS Instruments Inc.,NKT Photonics A/S, Viavi Solutions, Jenoptik AG, Laser Quantum Ltd. (Novanta Inc.), and IPG Photonics Corporation, among others. Market players are focused on new product rollouts with large R&D and collaboration investments that substantially improve their growth.

In addition to technological investments, market players are focusing on expanding through partnerships and acquisitions in order to gain a competitive advantage. In February 2019, EKSPLA, a manufacturer of solid-state lasers, laser systems, and optoelectronics for basic research and industrial applications, released its product FemtoLux green, which is a lightweight femtosecond fiber laser.

COVID-19 Impact on Ultrafast Laser Market

Many industries have been impacted due to the COVID-19 pandemic. Government across countries imposed lockdowns during this period. The outbreak of COVID-19 has presented multiple challenges for manufacturers in the ultrafast laser market too. Due to restrictions imposed on production activities, the impact on manufacturing will be deep and lasting. Further, suspension of many businesses has impacted the demand for lasers, thus hampering growth in the market.

Post COVID-19 crisis, manufacturers will focus on increasing their presence in developing economies through product development and acquisitions, which will lead to positive growth potential for the ultrafast laser market.

An Adaptive Approach to Modern-day Research Needs

The Analyst’s Viewpoint

“Increasing advancements in the ultrafast laser market are projected to open new roads of applications outside core applications. Also, growing adoption of lasers in the automotive industry in another major driving force for the market.”

Global Ultrafast Laser Market: Scope of the Report

A recent global ultrafast laser market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities, and threats to the expansion of the global ultrafast laser market. A detailed segmental analysis based on type, pulse duration, end use, application, and region has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the global ultrafast laser market. In addition, a separate section on the market structure has also been provided. The section provides detailed analysis of key market players and the strategies for expansion in the ultrafast laser market.

Have a report related query? Speak to us directly

Key Segments of Ultrafast Laser Market

Fact.MR’s study on the ultrafast laser market offers information divided into five key segments - type, pulse duration end use, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Type

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

Pulse Duration

  • Picosecond
  • Femtosecond

End Use

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

Application

  • Micromachining
    • Flat Panel Display Manufacturing
    • Thin Film 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

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Questions Answered in Fact.MR’s Ultrafast Laser Market Report

  • Which regions will continue to remain the most profitable regional markets for ultrafast laser market players?
  • Which factors will induce a change in the demand for ultrafast lasers during the assessment period?
  • How will changing trends impact the ultrafast laser market?
  • How can market players capture the low-hanging opportunities in the ultrafast laser market in developed regions?
  • Which companies are leading the ultrafast laser market?
  • What are the winning strategies of stakeholders in the ultrafast laser market to upscale their position in this landscape?

Ultrafast Laser Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the ultrafast laser market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the preparation of the ultrafast laser market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

Need an Exclusive Report for your Unique Requirement?

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.