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

Published on : Oct-2020 | List of Tables : 70 | List of Figures : 171 | No. of Pages : 170 | Report Code : 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.

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.

 

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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.

 

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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.

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.

Ultrafast Laser Market - Scope of the Report

Fact.MR recently published a market study on the global market for ultrafast lasers. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities, restraints, and detailed information about the ultrafast laser market structure. The market study presents exclusive information about how the ultrafast laser market will grow during the forecast period of 2020-2030. 

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the ultrafast laser market during the forecast period.

The study is relevant for stakeholders in the ultrafast laser market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the ultrafast laser market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to the macro- as well as micro-economic factors that are impacting developments in the ultrafast laser market. It also offers actionable insights based on the future trends in the ultrafast laser market. Furthermore, small businesses and new entrants in the ultrafast laser market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

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.

Global Ultrafast Laser Market: Table of Contents

1. Executive Summary

    1.1. Global Market Overview

    1.2. Global Ultrafast Laser Market – Regional Overview

    1.3. Analysis and Recommendations by Fact.MR

2. Market Overview

    2.1. Market Introduction and Definition

    2.2. Research Scope

3. Market Risks &Trends Assessment

    3.1. COVID-19 Hotspot

    3.2. Global COVID-19 Outbreak Intensity

    3.3. Before Corona Outbreak Global GDP Scenario

    3.4. After Corona Outbreak Global GDP Predictions and Comparison Of Financial Crisis with COVID 19

    3.5. Industries Affected By Outbreak

    3.6. Impact of COVID-19 by Region

    3.7. COVID-19 Impact Benchmark with Previous Crisis 

    3.8. Impact of Coronavirus Outbreak on Ultrafast Laser Market

4. Market Background

    4.1. State of Laser Industry

    4.2. Landscape Of The Ultrafast Laser Industry

    4.3. Global Semiconductor Companies: Strategic Outlook

    4.4. Laser Industry Comparison with Machine Tools

    4.5. Developments in the Field of Ultrashort Pulse Generation

    4.6. Ultrafast Laser - Evolution and Transition with Timeline

    4.7. Recent Developments in Ultrafast Laser Industry

    4.8. Growth and Development Patterns in Ultrafast Laser Market

    4.9. Market White Space Assessment And Opportunity Analysis

    4.10. Recent Development in Ultrafast Laser Market, By Market Players

    4.11. Competitive Scenario and Trends

        4.11.1. Ultrafast Laser Market Concentration Rate

        4.11.2. List of Emerging, Prominent and Leading Players

        4.11.3. Mergers & Acquisitions

    4.12. Scenario Forecast

(Demand in optimistic, likely, and conservative market conditions)

    4.13. Policy and Regulatory Landscape

    4.14. Macro-Economic Factors

    4.15. Forecast Factors - Relevance & Impact

    4.16. Market Dynamics

        4.16.1. Market Driving Factors and Impact Assessment

        4.16.2. Prominent Market Challenges and Impact Assessment

        4.16.3. Ultrafast Laser Market Opportunities

        4.16.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Global Ultrafast Laser Market – Price Point Analysis

    5.1. Regional Pricing Analysis By Laser Type

    5.2. Pricing Break-up

    5.3. Global Average Pricing Analysis Benchmark

6. Global Ultrafast Laser Market Demand Analysis 2015-2019 and Forecast, 2020-2030

    6.1. Historical Market Value Analysis, 2015-2019

    6.2. Current and Future Market Value Projections, 2020-2030

7. Global Ultrafast Laser Market Analysis 2015-2019and Forecast 2020-2030, By Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2019

    7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2020-2030

        7.3.1. P Titanium–Sapphire Lasers

        7.3.2. Mode-Locked Diode-Pumped Bulk Lasers

        7.3.3. Fiber Lasers

        7.3.4. Mode-Locked Dye Lasers

        7.3.5. Others

    7.4. Market Attractiveness Analysis By Type

8. Global Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030, by Pulse Duration

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Pulse Duration, 2015-2019

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Pulse Duration, 2020-2030

        8.3.1. Picosecond

        8.3.2. Femtosecond

    8.4. Market Attractiveness Analysis By Pulse Duration

9. Global Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030, by End User

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) By End User, 2015-2019

    9.3. Current and Future Market Size (US$ Mn) and Forecast By End User,2020-2030

        9.3.1. Consumer Electronics

        9.3.2. Healthcare & Life Science

        9.3.3. Automotive

        9.3.4. Aerospace and Defense

        9.3.5. Industrial

        9.3.6. Research & Academics

    9.4. Market Attractiveness Analysis By End User

10. Global Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) By Application, 2015-2019

    10.3. Current and Future Market Size (US$ Mn) and Forecast By Application,2020-2030

        10.3.1. Micromachining

            10.3.1.1. Flat Panel Display Manufacturing

            10.3.1.2. Thin Films Micromachining

            10.3.1.3. Two-Photon Polymerization

            10.3.1.4. Precision Micromachining

            10.3.1.5. Others

        10.3.2. Medical

            10.3.2.1. Medical Device Fabrication

            10.3.2.2. Cardiovascular Stent Manufacturing

            10.3.2.3. Laser Eye Surgery

            10.3.2.4. Others

        10.3.3. Bio-Imaging

            10.3.3.1. Multiphoton microscopy

            10.3.3.2. Multimodal imaging

            10.3.3.3. Others

        10.3.4. Scientific Research

            10.3.4.1. Multi-dimensional spectroscopy

            10.3.4.2. THz spectroscopy

            10.3.4.3. Coherent control

            10.3.4.4. High harmonic generation, EUV

            10.3.4.5. Others

    10.4. Market Attractiveness Analysis By Application

11. Global Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) By Region, 2015-2019

    11.3. Current Market Size (US$ Mn) and Forecast By Region, 2020-2030

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. East Asia

        11.3.5. South Asia&Oceania

        11.3.6. MEA (Middle East and Africa)

    11.4. Market Attractiveness Analysis By Region

12. North America Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) By Market Taxonomy, 2015-2019

    12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020-2030

        12.3.1.  By Country

            12.3.1.1. U.S.

            12.3.1.2. Canada

        12.3.2. By Type

        12.3.3. By Pulse Duration

        12.3.4. By End User

        12.3.5. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Type

        12.4.3. By Pulse Duration

        12.4.4. By End User

        12.4.5. By Application

13. Latin America Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2015-2019

    13.3. Market Size (US$ Mn) By Market Taxonomy, 2020-2030

        13.3.1.  By Country

            13.3.1.1. Brazil

            13.3.1.2. Mexico

            13.3.1.3. Rest of Latin America

        13.3.2. By Type

        13.3.3. By Pulse Duration

        13.3.4. By End User

        13.3.5. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Type

        13.4.3. By Pulse Duration

        13.4.4. By End User

        13.4.5. By Application

14. Europe Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2015-2019

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020-2030

        14.3.1.  By Country

            14.3.1.1.  Germany

            14.3.1.2. France

            14.3.1.3. Italy

            14.3.1.4. Spain

            14.3.1.5. UK

            14.3.1.6. BENELUX

            14.3.1.7. Russia

            14.3.1.8. Rest of Europe

        14.3.2. By Type

        14.3.3. By Pulse Duration

        14.3.4. By End User

        14.3.5. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Type

        14.4.3. By Pulse Duration

        14.4.4. By End User

        14.4.5. By Application

15. East AsiaUltrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2015-2019

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020-2030

        15.3.1. By Country

            15.3.1.1. China

            15.3.1.2. Japan

            15.3.1.3. South Korea

        15.3.2. By Type

        15.3.3. By Pulse Duration

        15.3.4. By End User

        15.3.5. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Type

        15.4.3. By Pulse Duration

        15.4.4. By End User

        15.4.5. By Application

16. South Asia & Oceania Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2015-2019

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020-2030

        16.3.1. By Country

            16.3.1.1. India

            16.3.1.2. Thailand

            16.3.1.3. Indonesia

            16.3.1.4. Malaysia

            16.3.1.5. Australia

            16.3.1.6. Rest of South Asia& Oceania

        16.3.2. By Type

        16.3.3. By Pulse Duration

        16.3.4. By End User

        16.3.5. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Type

        16.4.3. By Pulse Duration

        16.4.4. By End User

        16.4.5. By Application

17. Middle East & Africa Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2015-2019

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020-2030

        17.3.1.  By Country

            17.3.1.1. GCC Countries

            17.3.1.2. Turkey

            17.3.1.3. South Africa

            17.3.1.4. Rest of MEA

        17.3.2. By Type

        17.3.3. By Pulse Duration

        17.3.4. By End User

        17.3.5. By Application

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Type

        17.4.3. By Pulse Duration

        17.4.4. By End User

        17.4.5. By Application

18. Global Ultrafast Laser Market Analysis 2015-2019 and Forecast 2020-2030, Key Country Analysis

19. Market Structure Analysis

    19.1. Global Ultrafast Laser Market Competition - a Dashboard View

    19.2. Market Structure Analysis

    19.3. Market Tier Structure Analysis

20. Competition Analysis

    20.1. Amplitude Laser

    20.2. Coherent, Inc.

    20.3. EKSPLA (UAB EKSMA)

    20.4. Jds Uniphase Corporation (Viavi Solutions)

    20.5. Jenoptik AG

    20.6. Laser Quantum Ltd. (Novanta Inc.).

    20.7. MKS Instruments Inc.

    20.8. NKT Photonics A/S (NKT A/S)

    20.9. IPG Photonics Corporation

    20.10. TRUMPF GmbH + Co. KG

    20.11. Lumentum Holdings Inc

    20.12. Toptica Photonics AG

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