Ultrafast Lasers Market Expected to Witness a Significant Growth of USD 10.27 Billion by 2023, at CAGR of 24.96% | Global Key Vendors - Coherent, Amplitude Laser Group, EKSPLA, Epilog, IPG Photonics, Laser Quantum, Newport

Marketprognosis.com Publish a New Market Research Report On “Global Ultrafast Lasers Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Ultrafast Lasers Market:

The Global Ultrafast Lasers Market was valued at USD 2.69 Billion in 2017, and is expected to reach a value of USD 10.27 Billion by 2023, at a CAGR of 24.96%, during the forecast period (2018 - 2023).

The report scope includes insights on the solutions offered by major players including providers of hardware, professional services, and associated solutions. The regions included in the study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study emphasizes on various user-based applications, such as material processing, science & research, biomedical field, spectroscopy & imaging, consumer electronics, automotive, etc. The study also offers insights on the market segmented on laser types as diode-pumped lasers, mode-locked diode lasers, titanium-sapphire lasers, fiber lasers, and others.

Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/17398 .

The automotive industry has been a driving force behind the innovations in high-powered laser applications for past two decades. Ultrafast lasers have potential to satisfy many requirements in the automotive industry, including quality, product miniaturization, high precision, smaller lots, and applicability to diverse materials, and cost-effectiveness. Automakers all around the world are under immense pressure to meet the targets, and strict rules imposed by the government, to increase the mileage and reduce the CO2emissions. Automobile manufacturers are turning towards technological innovations in lasers as one of the solutions, to squeeze more mileage out of existing fossil fuel engine designs.

The Ultrafast lasers are increasingly used to perform micro-structuring in the automotive industry. One such technique is making an array of small pits on the surface of a part. These small pits hold oil because of the surface tension and prevent direct metal-to-metal contact, thus significantly reducing the friction between the moving parts. These ultrafast lasers are most useful for micro-structuring on parts that have an intricate shape, as it can be used to rapidly process even the most complex surface geometries. One example of this kind of micro-structuring is turbocharger turbine wheel shafts. These parts are subjected to large forces and rotate at high speeds. In order to reduce the friction, increase operating efficiency, and improve product life, ultrafast lasers can be used to produce small pits of size around 40-100 u03bcm in length and 10-20 u03bcm in width on the shafts.

Purchase this report online with 113 Pages, Top Key Players Analysis and List of Tables & Figure @ https://marketprognosis.com/buyReport/17398 .

Europe plays a major role in both, the manufacture of laser materials processing equipment, and its use. A number of major global companies either are based out of Europe or have major facilities in Europe. The key future technologies are expected to be high beam quality diode lasers, high power single mode fiber lasers, and kilowatt class ultrafast lasers. Europe currently has a strong position in the global lasers industry, which is based on its historic leading position in the industry, and its continuing strong industrial and research base. Most of the world’s major laser companies have their headquarters in Europe. There are, however, concerns that Europe’s high-cost base may affect its position in far eastern markets that will lead, over time, to a weaker position in Europe, particularly if the far eastern companies actively seek to expand their own production of lasers for materials processing.

Major Key Players:

1 Coherent Inc

2 Amplitude Laser Group

3 EKSPLA

4 Epilog Corporation

5 IPG Photonics Corporation

6 Laser Quantum Ltd.

7 Newport Corp.

8 Wuhan Huaray Precision Laser Co., Ltd

9 DPSS Laser Inc.

10 Lumentum Operations LLC. and More……………

Request a Discount on standard prices of this premium report @ https://marketprognosis.com/discount-request/17398 .

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Ultrafast Lasers Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.

Thane – 421501

India.

sales@marketprognosis.com

+1 973 241 5193

https://www.marketprognosis.com

This release was published on openPR.