Press release
Ultrafast Lasers Market Expected to Generate $5.18 Billion By 2030 at a CAGR 15.0% | Amplitude Systemes, Attodyne Inc., Coherent Inc., Dpss Laser Inc., Fianium Ltd., and Many More
Ultrafast Lasers Market
According to the report, the global ultrafast lasers industry generated $1.47 billion in 2020, and is expected to garner $5.18 billion by 2030, witnessing a CAGR of 15.0% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Ruchal Humbare, a Lead Analyst, Semiconductor and Electronics at Allied Market Research, stated, "The ultrafast laser is a sophisticated tool to the dynamic world as the demand for improved technology increases. The ultrafast lasers strive to meet the demands of high power, high precision, and excellent quality of products; thereby, paving the way for new innovations and research. Consequently, it attributes to the substantial growth of the ultrafast lasers market during the forecast period."
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COVID-19 Scenario:
1. Manufacturing activities of ultrafast lasers have been stopped due to lockdown implemented in many countries. Moreover, disruptions in the supply chain led to shortage of raw materials and presented challenges in manufacturing.
2. The demand from end-use industries such as consumer electronics, aerospace & defense, automotive, industrial, and others lowered down considerably due to halt in daily operations during the lockdown. However, the demand from the medical sector rose considerably.
3. The demand from various end-use industries is expected to rise steadily post-lockdown as daily operations begin with bans being lifted off from import-export activities and lockdown measures.
The report offers detailed segmentation of the global ultrafast lasers market based on component, deployment mode, enterprise size, application, and region. Based on type, the fiber lasers segment accounted for the highest share in 2020, contributing to around two-fifths of the global ultrafast lasers market, and is estimated to maintain its lead position during the forecast period. However, the mode-locked lasers segment is expected to manifest the highest CAGR of 16.7% from 2021 to 2030.
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Based on application, the bio-imaging segment held the highest share in 2020, accounting for more than one-fourth of the global ultrafast lasers market, and is projected to continue its leadership status during the forecast period. However, the micromachining segment is estimated to witness the largest CAGR of 17.5% from 2021 to 2030.
Based on region, North America is projected to witness the highest CAGR of 17.0% during the forecast period. However, Asia-Pacific contributed to the highest market share in terms of revenue in 2020, holding nearly half of the global ultrafast lasers market, and is estimated to maintain its dominant share by 2030.
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Major Market Players
1. Amplitude Systemes
2. Attodyne Inc.
3. Coherent Inc.
4. Dpss Laser Inc.
5. Fianium Ltd.
6. IMRA America Inc.
7. Jds Uniphase Corporation
8. Lumentum Operations LLC
9. TRUMPF
10. Wuhan Huaray Precision Laser Co. Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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