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Ultrafast Lasers - Global Market Trajectory & Analytics

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    Report

  • 281 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030491

Global Ultrafast Lasers Market to Reach $1.9 Billion by 2026


Laser technology exudes potential to reshape the manufacturing domain by enabling enhanced precision, efficiency and fast production while reducing material consumption. Lasers deliver unmatched speed, efficiency and precision to facilitate groundbreaking production processes, enabling the technology to emerge as a universal approach for manufacturers. The technology allows companies in the aerospace and automotive sectors to conform with stringent quality and performance standards. Lasers offer a sustainable and more efficient tool in comparison to other traditional processes and tools. The ability of lasers to transform and manipulate materials makes it an intriguing option for the clothing, computer and automobile industries. Lasers provide semiconductor manufacturers with an advanced approach for clean and fast cutting of different materials. Lasers are perfect cutting tools and offer high precision even with irregular shapes while considerably reducing surface roughness. Lasers are widely employed for marking metals, printed circuit boards, polymers and silicon wafers to support traceability. Lasers are also used in the packaging sector for marking, scribing and perforating applications.

Amid the COVID-19 crisis, the global market for Ultrafast Lasers estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2026, growing at a CAGR of 8.5% over the analysis period. Fiber Lasers, one of the segments analyzed in the report, is projected to grow at a 9.3% CAGR to reach US$954.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diode-Pumped Lasers segment is readjusted to a revised 7.8% CAGR for the next 7-year period. This segment currently accounts for a 26.8% share of the global Ultrafast Lasers market. Fiber lasers offer desirable foundation to develop ultrafast lasers for different applications. Ultrafast fiber lasers hold various advantages over other lasers including solid-state lasers. For instance, fiber lasers are capable of supporting very high, continuous power output. The thin, long nature of associated gain fibers along with superior surface area to volume ratio ensures efficient cooling. Moreover, fiber lasers deliver superior optical quality by leveraging wave-guiding characteristics that minimize thermal distortion of an optical path.

The U.S. Market is Estimated at $397.3 Million in 2022, While China is Forecast to Reach $325.5 Million by 2026


The Ultrafast Lasers market in the U.S. is estimated at US$397.3 Million in the year 2022. The country currently accounts for a 28.57% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$325.5 Million in the year 2026 trailing a CAGR of 11% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR while Rest of European market (as defined in the study) will reach US$363.3 Million by the end of the analysis period.

The perfect alliance of smart lasers such as femtosecond lasers with digital technologies is likely to pave way for smart laser-based manufacturing for Industry 4.0. Based on its impressive beam-shaping properties, femtosecond lasers are poised to accelerate the transition towards desirable material processing capabilities with high precision. The use of subtractive and additive laser-based techniques is anticipated to enable development of 3D structures using almost any material. In addition, lasers represent an extensively employed photonics tool commonly used in production of robust, lightweight constructions including crash-safe car chassis and wind turbine blades. The technology is also suitable for fuel cells, solar cells and batteries.

Mode-Locked Diode Lasers Segment to Reach $337.2 Million by 2026


The availability of powerful, compact and cost-efficient mode-locked lasers has enabled a number of industrial applications including femtosecond material processing, medical treatments, metrology, laser microscopy & tomography, high-speed electronics, and optical fiber communication. In the global Mode-Locked Diode Lasers segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$174.8 Million will reach a projected size of US$285 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$43.7 Million by the year 2026.

Select Competitors (Total 60 Featured):

  • Amplitude Systems
  • Avesta Project Ltd
  • Clark-MXR, Inc.
  • Coherent Inc.
  • EKSPLA
  • IMRA America
  • IPG Photonics
  • JENOPTIK Laser GmbH
  • Laser Quantum
  • Lumentum Operations LLC
  • MKS Instruments Inc.
  • Newport Corporation
  • NKT Photonics
  • Resonetics
  • Thorlabs, Inc

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Ultrafast Lasers

What is the estimated value of the Global Market for Ultrafast Lasers?

The Global Market for Ultrafast Lasers was estimated to be valued at $1.4 Billion in 2022.

What is the growth rate of the Global Market for Ultrafast Lasers?

The growth rate of the Global Market for Ultrafast Lasers is 7.9%, with an estimated value of $1.9 Billion by 2026.

What is the forecasted size of the Global Market for Ultrafast Lasers?

The Global Market for Ultrafast Lasers is estimated to be worth $1.9 Billion by 2026.

Who are the key companies in the Global Market for Ultrafast Lasers?

Key companies in the Global Market for Ultrafast Lasers include Amplitude Systems, Avesta Project Ltd, Clark, MXR, Inc., Coherent Inc., EKSPLA, IMRA America, IPG Photonics and Laser Quantum.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Ultrafast Lasers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • How Lasers Revolutionized Manufacturing in the 21st Century?
  • Laser Raises Bar for Manufacturing Applications
  • Precision Manufacturing Emerges As a Vital Tool for Manufacturers to Tackle New Production Challenges & Ensure Quality Conformance
  • How Lasers Ensure Precision in Manufacturing?
  • Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities for Laser Processing Technologies: Global Precision Parts Market for the Years 2017, 2019, 2022 & 2024 (In US$ Billion)
  • Laser Processing: From Art & Science to a Multi-Billion Dollar Industrial Opportunity
  • Ultrafast Lasers: Definition & Scope
  • Year 2020 to Go Down Into History as the Year of Disruption. Virus Induced Deterioration in Macroeconomic Variables Brings Grim News for Ultrafast Lasers.
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended Including Ultrafast Lasers: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global Science & Technology Community Comes Together. Industrial Laser Material Processing Technology Joins the Battle Against COVID-19
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Lasers Become Fundamental to Digital Manufacturing & Industry 4.0. Here’s Why Convergence of Photonics and Industry 4.0 is the Big Story
  • Ultrafast Lasers Are Perfect Partners for Smart Manufacturing
  • Digital Transformation in Manufacturing Will Be Led by Laser Technologies: Global Investments in Digital Transformation of Manufacturing (In US$ Billion) for Years 2020, 2022 & 2024
  • A Review of the Hostile Business Climate in Key End-User Industries Responsible for the Slumping Demand for Ultrafast Lasers in the Year 2020
  • Falling Demand for Electronics Ravages the Electronics End-Use Industry
  • Measuring the Impact of COVID-19 On the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of May 2020
  • Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • Rapidly Eroding Consumer Confidence Thwarts Hopes for a Quick Recovery: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Shrinking Disposable Incomes Impact Consumer Demand for Electronics & Prospects for Ultrafast Lasers in this Sector: Global 1Q Sell-In Shipments of Electronic Products Estimated in Jan-2020 Vs March 2020 (In Million Units)
  • Plummeting Automobile Sales & Production Plant Closures Overshadows Demand for Ultrafast Lasers in Auto Plants
  • Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Unemployment in the U.S. (In Million)
  • A Slumping Manufacturing Industry Darkens the Outlook for Ultrafast Lasers
  • Manufacturing Industry Bites the Dust Severing Business as Usual Opportunities for Ultrafast Lasers in this Sector: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Slumping GDP & Manufacturing PMI Sends Industrial Output Crashing: Global Industrial Output Growth (In %) Dec to May 2020 by Country
  • Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • Additive Manufacturing: An Excellent Opportunity for Ultrafast Lasers
  • How Laser Technology Helps in 3D Printing?
  • Multiplier Benefits of Ultrafast Lasers in 3D Printing
  • The Future of Manufacturing, Heavy Investments in Additive Manufacturing Brightens the Outlook for Spending on Ultrafast Laser Processing: Global Additive Manufacturing Market (In US$ Billion) for Years 2020, 2024 & 2028
  • Ultrafast Lasers in Electronics & Semiconductors: The Emerging Next Big Revenue Opportunity
  • How Lasers Became Ubiquitous in Electronics & Semiconductor Manufacturing
  • How Electronics Manufacturers are Leveraging the Benefits of Ultrafast Lasers?
  • Ultrafast Lasers for Electronic Ceramics Processing
  • Production Efficiency: A Business Case for Adoption of Ultrafast Lasers in Automotive Manufacturing
  • Value of Laser Technology for Auto OEMs
  • Recovery in Automobile Production Will Be Accompanied by Strong Focus on Efficiency Enhancement & Cost Reduction: World Automobile Production in Million Units: 2008-2022
  • How Ultrafast Lasers Ups the Performance & Productivity Game?
  • Here’s Why Ultrafast Fiber Lasers Are Growing in Popularity in Auto Production Plants
  • New Ultrafast Laser Marking Technology to Play a Key Role in Enabling Auto Part & Component Traceability as Frequency of Vehicle Calls Rises on an Annual Scale
  • As Recalls Intensify & Put Vehicle Quality in the “Spotlight”, Product Traceability Storms Into Spotlight Supported by Ultrafast Laser Marking as a Key Enabler: Number of Vehicles Recalled in the United States (In 000s) for the Years 2008, 2010, 2013, 2015, 2018, 2019 and 2020
  • Ultrafast Lasers Find Promising Applications in Micromachining Medical Devices & Surgery/Therapy
  • Growing Importance of Micromachining Technologies In the Current Golden Age of Miniaturization Brings Ultrafast Lasers Into the Spotlight
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Ultrafast Lasers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 60

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amplitude Systems
  • Avesta Project Ltd
  • Clark-MXR, Inc.
  • Coherent Inc.
  • EKSPLA
  • IMRA America
  • IPG Photonics
  • JENOPTIK Laser GmbH
  • Laser Quantum
  • Lumentum Operations LLC
  • MKS Instruments Inc.
  • Newport Corporation
  • NKT Photonics
  • Resonetics
  • Thorlabs, Inc