Global Picosecond Laser Market Is Expected to Reach USD 586.82 Million by 2025

As per the report published by Market Research Place, the global picosecond laser market is expected to grow from USD 350.13 million in 2017 and expected to reach USD 586.82 million by 2025 at a CAGR of 6.63% during the forecast period 2018-2025.

Picosecond lasers are established as powerful tools for industrial processes like surface structuring micro drilling, and thin film ablation benefit from a process, which provides minimal thermal impact and highest precision for all materials. Applications such as semiconductor, microelectronics, and photovoltaic industries use picosecond lasers for maximum quality, flexibility, and cost efficiency. The range of parts, manufactured with picosecond lasers are ranging from square feet of structured surface to microscopic diamond tools over large printing cylinders.

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A picosecond laser is a laser which emits optical pulses with a duration between 1 PS and (usually) some tens of picoseconds. It thus also belongs to the category of ultra-short pulse lasers or ultrafast lasers. Picosecond ultrasonic is a type of ultrasonic that uses ultra-high frequency ultrasound generated by ultra-short light pulses. PS were initially used in tattoo removal, to optimize efficacy and reduce side effects with nanosecond domain lasers. More recently, they have been demonstrated to be effective in the treatment of acne scarring, pigmentary disorders, and photoaging. The ability of these lasers for high-quality, virtually thermal material processing, coupled with advances in laser technology, process development, beam handling, and delivery, have opened the door for numerous advanced scientific and industrial applications.

Global picosecond laser market is expected to witness rapid growth over the forecast period, owing to increasing usage of picosecond lasers for tattoo removal process and to treat melisma.However, potential side effects from the use of picosecond lasers treatment including pinpoint bleeding, crusting, blistering, scarring, and post inflammatory hypopigmentation, is anticipated to hinder the market growth over the forecast period. Compared to the other sources, picosecond laser sources are often more economical, in applications such as micromachining.

Key players operating in the global picosecond laser market include Calmar Laser, Inc., Coherent, Inc., EKSPLA uab, Fianium Ltd., InnoLas Holding GmbH, and Lumentum Holdings Inc., among others. To enhance their market position in the global picosecond laser market, the key players are now focusing on adopting the strategies such as mergers & acquisitions, collaborations, product innovations, recent developments, joint venture, and partnership.

o For instance, in August, 2019, Coherent, Inc. announced the launch of a high-power picosecond laser,The Coherent HyperRapidNXT that employs advanced pulsing technology to enable micromachining with precision and a minimal heat affected zone (HAZ).

o In July 2018, Ekspla announced the upgradation of its industrial picosecond laser line introduction of Atlantic UV30 industrial picosecond laser, a new picosecond high power UV laser, whichis capable of producing 30 W of output power at 355 nm.

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Nd: YAG segment held largest market share and valued at USD 216.21 million in 2017

Type segment includes Nd: YAG and Nd: YLF. Nd: YAG segment held largest market share and valued at USD 216.21 million in 2017. Nd: YAG (neodymium-doped yttrium aluminum garnet; Nd: Y3Al5O12) is a crystal that is used as a lasing medium for solid-state lasers. This is a triply ionized neodymium, typically replaces a small fraction (1%) of the yttrium ions in the host crystal structure of the yttrium aluminum garnet (YAG), since the two ions are of similar size. It is the neodymium ion which provides the leasing activity in the crystal, in the same fashion as red chromium ion in ruby lasers. Nd:YAG lasers are optically pumped using a laser diodes or flashtube. These are one of the most common types of laser, and are used for many different applications.

Cutting held the largest market share of 31.67% in 2017

Application segment includes punch, cutting, molding, chloasmadispeling and others. Cutting held the largest market share of 31.67% in 2017. Laser cutting is a technology that uses a laser to cut materials, and is typically used for industrial manufacturing applications, but is also starting to be used by schools, small businesses, and hobbyists.Laser cutting works by directing the output of a high-power laser most commonly through optics. The laser optics and CNC (computer numerical control) are used to direct the material or the laser beam generated. A typical commercial laser for cutting materials involved a motion control system to follow a CNC or G-code of the pattern to be cut onto the material. The focused laser beam is directed at the material, which then either melts, burns, vaporizes away, or is blown away by a jet of gas, leaving an edge with a high-quality surface finish. Industrial laser cutters are used to cut flat-sheet material as well as structural and piping materials.

RegionalSegment Analysis of the Picosecond Laser Market
o North America (U.S. , Canada, Mexico)
o Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
o Asia-Pacific (China, Japan India, Rest of APAC)
o South America (Brazil and Rest of South America)
o Middle East and Africa (UAE, South Africa, Rest of MEA)

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America held the largest market share of 33.54% in 2017. This is mainly attributed to cheaper cost of laser therapy, increasing uptake of tattoos, and consequent growing need for tattoo removal, boosting the growth of market in the region.

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About the report:
The global picosecond laser market is analysed on the basis of value (USD Million), volume (K Units), consumption (K Units), imports (K Units), and exports (K Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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