Ultrafast Lasers Market Report

Market Insights

For many decades, ultrafast laser service has been used in industries such as manufacturing. Ultrafast lasers with high accuracy are combined with high-quality materials to enable manufacturing facilities to perform powerful and precise processing. Furthermore, ultrafast lasers reintroduce novel innovations to the market by using a brief light pulse in conjunction with an electromagnetic pulse. This lasts only a fraction of a second, about a picosecond. Ultrafast laser technology is gaining traction as a necessary component and as a manufacturing tool in a variety of industries, including consumer electronics, medical devices, and automobiles.

The global market for ultrafast lasers was suffering because of the COVID-19 pandemic. Since the outbreak, all manufacturing operations around the world were temporarily shut down to prevent the spread of coronavirus and to meet social distancing standards set by state and local government agencies. Furthermore, logistical issues emerged as a result of manufacturing facility closures. However, manufacturers expected overall revenue and cash flow to stabilise in the coming years as global manufacturing processes resumed in the third quarter of 2020 and ultrafast laser demand began to rebound.

The ultrafast lasers market is expanding primarily due to technological advancements, the use of ultrafast lasers in a range of industries, and government initiatives to encourage their use. Countries in Asia-Pacific, Europe, North America, the Middle East and Africa, and South America are investing heavily in research and development to develop the most sophisticated and powerful ultrafast laser. Ultrafast laser technology is now widely used in the production of medical devices, operations, metal processing, consumer electronics, and automotive components. As a result of these factors, the ultrafast lasers market is expected to grow at a promising CAGR of 11.5% during the forecast period.

Segment Analysis

By Type

The market for ultrafast lasers is segmented as diode-pumped lasers, mode-locked diode lasers, titanium-sapphire lasers, and fiber lasers. Fiber lasers dominates the market. Fiber lasers are a versatile and powerful tool for a wide range of industrial manufacturing operations, such as cutting, welding, and additive manufacturing. The market for medical laser systems is expanding as a result of the numerous healthcare systems that use ultrafast fiber laser technology. Among the applications are cardiology, dermatology, cancer treatment, dentistry, and ophthalmology. The most successful applications of fiber lasers are surgery, therapy, and disease diagnosis. Fiber lasers provide a precise, continuous laser beam for making extremely precise cuts in small components.

By Pulse Duration Type

The market is segmented as picosecond and femtosecond. The market for picosecond lasers has been growing along with the increase in demand for manufacturing small electronics. The electronics industry is defined by its never-ending quest for greater compactness and functionality. Rigid printed circuit boards (PCBs), package substrates, and thin flex circuits—two critical micromachining operations—are all affected, as are nearly all other steps in the electronics manufacturing process. Furthermore, the use of ultrashort pulse lasers with shorter wavelengths is becoming more common. High-power USP laser manufacturers, who provide the required high-quality goods at high throughput and low cost, strongly support this advancement.

By Application Type

The market is segmented as consumer electronics, industrial, automotive, and medical & scientific. The consumer electronics segment dominates the market and is likely to maintain its lead during the forecast period. Electronics manufacturing is still a thriving industry. The main drivers of this industry are rising consumer electronics demand and rapidly evolving technological breakthroughs, which put pressure on OEMs to regularly produce new products in the market.

Regional Analysis

Asia-Pacific is expected to remain the largest market for ultrafast lasers over the forecast period. The surge in demand for femtosecond fiber lasers in the electronics and automotive industries is driving the region's market growth. Numerous electronic OEMs, majorly in China and Japan, as well as technological advancements, contribute to the market's growth. With companies such as Thorlabs Inc., Wuhan Huaray Precision Laser Co., Ltd., Amplitude Laser, and others, Asia-Pacific is a recognised leader in the development of laser technology.

Key Players

The following are some of the key players in the ultrafast lasers market:

• Clark-MXR, Inc.
• Fluence Sp. z o.o.
• Spark Lasers
• NKT Photonics A/SCayman
• Laser Quantum
• Jenoptik AG.
• KMLabs
• Wuhan Huaray Precision Laser Co., Ltd.
• Coherent, Inc.
• Amplitude Laser

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s ultrafast lasers market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The ultrafast lasers market is segmented into the following categories:

Ultrafast Lasers Market, by Type

• Diode-Pumped Lasers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Mode-Locked Diode Lasers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Titanium-Sapphire Lasers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Fiber Lasers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Ultrafast Lasers Market, by Pulse Duration Type

• Picosecond (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Femtosecond (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Ultrafast Lasers Market, by Application Type

• Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Medical & Scientific (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Ultrafast Lasers Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Passenger, please send your inquiry to sales@Stratviewresearch.com