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Global Ultrafast Lasers Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 147 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911981

Quick Summary:

The ultrafast lasers market is undergoing a remarkable expansion, driven by technological innovations and diverse applications in critical sectors. These powerful tools emit light pulses that are measured in picoseconds or femtoseconds, making them indispensable for a variety of precision tasks. From enhanced material processing in manufacturing industries to breakthroughs in medical device production, ultrafast lasers are setting the pace for the future of high-precision technology.

Adopting an ultrafast laser solution equates to embracing unparalleled accuracy and efficiency. In the electronics sphere, these lasers meet the demand for miniaturization, providing precise manufacturing capabilities for intricate components in devices that are becoming increasingly compact. The automotive industry benefits similarly, utilizing ultrafast lasers for detailed manufacturing that leads to greater performance and durability of vehicles. This comprehensive market research report delves into these trends, dissecting the key segments and the innovative uses of ultrafast lasers that are shaping a dynamic market landscape.

The global ultrafast lasers market size reached US$ 1.8 Billion in 2022. Looking forward, the market is expected to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.62% during 2022-2028.

Ultrafast lasers are short pulses of light of a few picoseconds or femtoseconds that are used to create, detect and study short-lived transient chemical reactions and transient states. They are generated by mode-locked oscillators and have a broadband optical range. Some of the commonly used ultrafast lasers include diode-pumped, mode-locked diode, titanium-sapphire and fiber lasers. They are used for the precise processing of materials, such as metals, ceramics, composites, fiber-reinforced materials and semiconductors. They have high peak powers and power densities and offer enhanced dimensional accuracy with minimal post-processing steps. As a result, they are widely used in the manufacturing of automobiles, consumer electronics and medical devices.

Ultrafast Lasers Market Trends

Significant growth in the electronics industry across the globe is one of the key factors creating a positive outlook for the market. With the increasing miniaturization of consumer electronic devices, ultrafast lasers are used for the manufacturing of smartphones, microprocessors and display panels. Moreover, the widespread product adoption in the automotive industry is providing a thrust to the market growth. Ultrafast lasers are used for making small grooves into the surface of engine cylinder walls to facilitate efficient distribution of the lubricant and minimize friction losses. In line with this, the increasing adoption of ultrafast lasers for high-quality micromachining, scribing and cutting of brittle materials is also favoring the growth of the market. Additionally, the increasing utilization of these lasers for the development of coronary stents using biopolymers or magnesium-based alloys with enhanced biocompatibilities is also favoring the market growth. Other factors, including rapid industrialization, along with the implementation of favorable government policies promoting the use of ultrafast lasers, are anticipated to drive the market toward growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global ultrafast lasers market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, pulse duration and end user.

Breakup by Type:

  • Titanium-Sapphire Lasers
  • Diode-Pumped Lasers
  • Fiber Lasers
  • Mode-Locked Diode Lasers

Breakup by Pulse Duration:

  • Femtosecond
  • Picosecond

Breakup by End User:

  • Consumer Electronics
  • Medical
  • Automotive
  • Aerospace and Defense
  • Research

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amplitude Laser, Coherent Inc, EKSPLA (EKSMA Group), IMRA America Inc. (Aisin Corporation), IPG Photonics Corporation, Jenoptik AG, Laser Quantum (Novanta Inc.), LIGHT CONVERSION, Lumentum Operations LLC, NKT Photonics A/S (NKT A/S) and Wuhan Huaray Precision Laser Co. Ltd.

Key Questions Answered in This Report:

  • How has the global ultrafast lasers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ultrafast lasers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the pulse duration?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ultrafast lasers market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Ultrafast Lasers Market

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

The Global Ultrafast Lasers Market was estimated to be valued at $1.8 Billion in 2022.

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

The growth rate of the Global Ultrafast Lasers Market is 15.6%, with an estimated value of $4.3 Billion by 2028.

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

The Global Ultrafast Lasers Market is estimated to be worth $4.3 Billion by 2028.

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

Key companies in the Global Ultrafast Lasers Market include BASELAYER Technology LLC (Intermountain Electronics Inc.), Cannon Technologies Ltd, Dell Technologies Inc., Eaton Corporation plc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Rittal GmbH & Co. KG, Schneider Electric SE and Vertiv Group Corp..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ultrafast Lasers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Titanium-Sapphire Lasers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Diode-Pumped Lasers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fiber Lasers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Mode-Locked Diode Lasers
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Pulse Duration
7.1 Femtosecond
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Picosecond
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Consumer Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medical
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Automotive
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Aerospace and Defense
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Research
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amplitude Laser Company Overview Product Portfolio
14.3.2 Coherent Inc Company Overview Product Portfolio Financials SWOT Analysis
14.3.3 EKSPLA (EKSMA Group) Company Overview Product Portfolio
14.3.4 IMRA America Inc. (Aisin Corporation) Company Overview Product Portfolio
14.3.5 IPG Photonics Corporation Company Overview Product Portfolio Financials
14.3.6 Jenoptik AG Company Overview Product Portfolio Financials
14.3.7 Laser Quantum (Novanta Inc.) Company Overview Product Portfolio
14.3.8 LIGHT CONVERSION Company Overview Product Portfolio
14.3.9 Lumentum Operations LLC Company Overview Product Portfolio Financials
14.3.10 NKT Photonics A/S (NKT A/S) Company Overview Product Portfolio
14.3.11 Wuhan Huaray Precision Laser Co. Ltd. Company Overview Product Portfolio

Companies Mentioned

  • Amplitude Laser
  • Coherent Inc
  • EKSPLA (EKSMA Group)
  • IMRA America Inc. (Aisin Corporation)
  • IPG Photonics Corporation
  • Jenoptik AG
  • Laser Quantum (Novanta Inc.)
  • Lumentum Operations LLC
  • NKT Photonics A/S (NKT A/S)
  • Wuhan Huaray Precision Laser Co. Ltd.