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Ultrafast Laser Market

Ultrafast Laser Market

Ultrafast Laser Market Report By Type (Titanium-Sapphire Lasers, Fiber Lasers, Mode-Locked Dye Lasers, Ultrafast Mode-Locked Diode Lasers), By Pulse Duration (Picosecond Ultrafast Lasers, Femtosecond Ultrafast Lasers), By End Use, By Application - Regional Forecast 2021-2031

Ultrafast Laser Market

Ultrafast Laser Market Outlook

Global ultrafast laser market revenue is expected to total US$ 1.4 Bn by 2021, with fiber lasers likely to capture over 2/5th of total revenue. By application, micromachining is poised to register maximum growth, at 14% CAGR.

Market Size (2021) US$ 1.4 Bn
Value CAGR (2021-2031) 14%
Market Size (2031) US$ 5.2 Bn

Overall, the ultrafast laser industry is slated to be valued at US$ 5.2 Bn by the end of the 2021-2031 forecast period, mushrooming 3.7x.

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Key Points Addressed in Ultrafast Laser Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Ultrafast Laser Market and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 Ultrafast Laser Demand Analysis Compared to 2021-2031 Outlook

Historical performance reveals that demand for ultrafast lasers accelerated at over 10% value CAGR between 2016 and 2020. Sales were largely sustained by extensive applications in the electronics & semiconductor industry, given the highly mushrooming scope of the consumer electronics sector.

As the COVID-19 pandemic engulfed the entire world, the global industrial and manufacturing sector experienced massive demand-supply disruptions, especially during the first two quarters of 2020. Global FDI flows were forecast to fall by as high as 40%, being valued at below US$ 1 trillion in 2020, concluded a report published by the UN Conference on Trade & Development. This negatively impacted sales of ultrafast lasers during that timeframe.

As lockdown restrictions were lifted since Q4 2020, attributed to speedy vaccination campaigns, growth prospected exhibited a gradual resurgence. The UN Industrial Development Organization (UNIDO) expects global output to reach 7.7% by 2021-end. This will provide a lucrative opportunity for ultrafast laser providers in the long run, expected to clock an impressive 14% CAGR until 2031. 

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Rising Industrial Activity and Rapid Urbanization to Yield Credible Opportunities for Ultrafast Lasers Adoption?

Having reached the cusp of a major technological revolution, the global industrial sector is experiencing prolific developments, especially with regard to manufacturing techniques. The Fourth Industrial Revolution has brought with it a major emphasis on digital technology which seeks to improve velocity, scope and systems impact. Hence, the lines between physical, digital and biological spheres have blurred.

One major characteristic of this revolution is the ever increasing scope of laser and sensor technologies. While laser scanners capture rooms and objects precisely in 3D which are used to stimulate factories, production lines and products, specific micro-lasers are being deployed to speed up manufacturing processes, incorporating precision based cutting and shaping technologies. This has led to increased adoption of ultrafast lasers.

Given the exponential increase in industrial activity, key players are introducing highly advanced ultrafast lasers. For instance, Thorlabs Inc. introduced a new passively Q-switched laser producing 500 picoseconds pulses centered 1030 nm, permitting applications for material processing, harmonic generation, micromachining and LIDAR applications among others. Likewise, players such as Chromacity are expanding their geographical footprints, with the company concluding a distribution agreement with Photoneck in September 2021 to distribute its ultrafast lasers across China.

How is the Global Consumer Electronics Industry Shaping Ultrafast Lasers Demand?

As people become more digitally literate, sales of consumer electronics, most notably smartphones and other gadgets, are increasing at a phenomenal rate. Consumer electronics suppliers rely heavily on electronic manufacturers, who give advantages such as cost reductions, decreased time-to-market, reduced time-to-volume, quality, and flexibility in order to supply their goods to the market.

?Miniaturization and the desire for tighter dimensional tolerances are the primary drivers of ultrafast laser usage in consumer electronics products. Manufacturers have been attempting to squeeze components into ever-smaller form sizes. The electronic manufacturing process necessitates the examination of smaller component characteristics as well as increased precision.

Portable electronics demand is seeing an increase in the use of femtosecond lasers. Cell phones, microprocessors, memory chips, and display panels are exceedingly complex components made up of a variety of materials, numerous layers of extremely thin layers, and few characteristics. Ultrafast lasers provide almost thermal micromachining without the creation of heat due to their extremely short pulse length. Because of its expanding application in sophisticated display repair, a new generation of tiny, high-speed, multi-wavelength ultrafast lasers has been developed.

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Country Wise Analysis

Flourishing Automotive Industry to Generate Ultrafast Laser Demand in the U.S?

The significant presence of key competitors in U.S. is assisting the expansion of the ultrafast laser industry, which accounts for around 21% of the total market share. Furthermore, the sector is predicted to rise as a consequence of growing improvements in materials and laser settings, which promise to open up a wide range of new applications.

According to Fact.MR, the U.S is expected to provide an absolute dollar opportunity of US$ 1.1 Bn during the projection year. A key driver of growth in the country is the country's growing automobile industry. As vehicle ownership continues to rise, automotive manufacturers are incorporating advanced manufacturing technologies to speed up production processes.

Several ultrafast laser providers have a prominent presence across the U.S market. IPG Photonics, for instance, offers a range of revolutionary fiber lasers which act as the ideal tool for common cutting, welding, marking, engraving and brazing processes during automotive production. Some of its lasers include the trifocal brazing laser, developed specifically for the automotive industry to improve quality of brazed parts.

How is Increased Spending on Consumer Electronics Encouraging Large-Scale Adoption in China?

China has acquired a strong reputation for consumer electronics, with the domestic market size reaching RMB 30 billion (US$ 4.6 billion) in FY 2018-19. The domestic consumer electronics landscape contributes to nearly 1/3rd of global total output. Smartphone production was pegged at 901.2 million units during 2017.

Based on such promising figures, it is no doubt that the country’s consumer electronics sector is bound to accrue significant gains in the future. To ensure efficient production cycles, key manufacturers are incorporating highly efficient ultrafast lasers, providing fertile ground for several regional and global laser providers.

Han's Laser, a prominent laser machines manufacturer, offers a broad range of machines for the electronics and semiconductor industry. In October 2021, the company collaborated with China International Marine Containers (CIMC) to help accelerate intelligent manufacturing. As per Fact.MR, the country is expected to yield 30% of global market revenue.

Ultrafast laser market forecast analysis by Fact.MR

Category Wise Insights

Will Ultrafast Lasers for Micromachining Register Maximum Sales?

The micromachining sector is expected to be the most lucrative in the ultrafast laser market, expanding at a substantial CAGR of 14% during the forecast period. For machining precision, industries have shifted from laser cut technology to ultrafast laser technology.

Process accuracy improvements lower total time and operating costs for a manufacturing line, which is the key rationale for adoption in material processing applications. Since the objective is to create micron-scale features, such as holes, grooves and marks, with high dimensional accuracy and avoiding peripheral damage, ultrafast micromachining lasers will remain highly demanded.

Why are Ultrafast Fiber Lasers Acquiring Popularity?

With the largest market share, ultrafast fiber lasers are the most significant sector in the industry. The fiber laser segment is estimated to account for 42% of the market for ultrafast lasers.

Due to their intrinsic value, such as the potential for all full fiber formats, excellent beam efficiency, higher power scalability, and high single-pass gains, ultrafast fiber lasers have made rapid progress, opening up widespread applications in high-field research, laser machining, accuracy metrology, optical communication, microscopy, and spectroscopy.

Competitive Landscape

Prominent ultrafast laser providers are leveraging such expansion strategies as introducing new technologically enhanced lasers for specific end use industries, expanding their virtual footprint and forging collaborative and acquisition agreements with other manufacturers.

  • EKSPLA, a developer of solid-state lasers, laser systems, and optoelectronics for fundamental research and industrial applications, unveiled the FemtoLux green, a lightweight femtosecond fiber laser, in February 2019. This ultrafast laser delivers 1.5 W at 515 nm or 3 W at 1030 nm of average power and up to 3 µJ femtosecond pulse energy
  • In May 2021, Coherent Inc. announced the introduction of a new website aimed at strengthening existing customer relationships and forging new ones. This revamped websites 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

Ultrafast Laser Market Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Key Countries Covered
  • U.S
  • Canada
  • Germany
  • U.K
  • France
  • Italy
  • Spain
  • Russia
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Japan
  • China
  • South Korea
  • Australia  
  • Mexico
  • Brazil
  • GCC
  • Turkey
  • South Africa
Key Segments Covered
  • Type
  • Pulse Duration
  • End Use
  • Application
  • Region
Key Companies Profiled
  • Amplitude Laser Group
  • Coherent Inc.
  • 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.
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Key Segments Covered

  • Type

    • Ultrafast Titanium-Sapphire Lasers
    • Ultrafast Mode-Locked Diode-Pumped Bulk Lasers
    • Ultrafast Fiber Lasers
    • Ultrafast Mode-Locked Dye Lasers
    • Ultrafast Mode-Locked Diode Lasers
    • Other Ultrafast Laser Types
  • Pulse Duration

    • Picosecond Ultrafast Lasers
    • Femtosecond Ultrafast Lasers
  • End Use

    • Ultrafast Lasers for Consumer Electronics
    • Ultrafast Lasers for Healthcare & Life Science
    • Ultrafast Lasers for Automotive
    • Ultrafast Lasers for Aerospace and Defense
    • Ultrafast Lasers for Industrial Uses
    • Ultrafast Lasers for Research & Academics
  • Application

    • Ultrafast Lasers for Micromachining
      • Flat Panel Display Manufacturing
      • Thin Film Micromachining
      • Two-photon Polymerization
      • Precision Micromachining
      • Others
    • Ultrafast Lasers for Medical Applications
      • Medical Device Fabrication
      • Cardiovascular Stent Manufacturing
      • Laser Eye Surgery
      • Others
    • Ultrafast Lasers for Bio-Imaging
      • Multiphoton Microscopy
      • Multimodal Imaging
      • Others
    • Ultrafast Lasers for Scientific Research
      • Multi-dimensional Spectroscopy
      • THz Spectroscopy
      • Coherent Control
      • High Harmonic Generation, EUV
      • Others

- FAQs -

The Ultrafast Laser market was going to be worth US$1.69 Bn by the end of 2021.

The Ultrafast Laser market   is expected to grow at a CAGR of 12.93%.

The last 5 year market CAGR was around 10%.

Urbanization in the developing countries is a major trend in the market.

Technological Advancements are a major driver for ultrafast laser market.

US, UK, Germany, China and India are the top 5 countries driving demand

North America is expected to grow at a CAGR of 12%

U.S. and Canada are key producers of ultrafast laser market

U.S. and Canada are the key exporters of ultrafast laser market.

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