Press release
Ultrafast Laser Market is Anticipated to Reach US$ 7,029.32 Million by 2032
Ultrafast Laser Market
The East Asia region is anticipated to experience accelerated growth during the forecast period, fueled by increasing demand for ultrafast lasers across multiple industries and robust manufacturing activities in the region.
Furthermore, the market is benefiting from growing populations and an increasing number of medical applications such as dentistry and dermatology. Various cosmetic treatments like tattoo removal and hair removal techniques are also contributing factors to market growth.
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Materials processing, encompassing applications such as cutting, soldering, hardening, ablating, pulsed laser deposition, surface treatment, drilling, welding, cladding, micromachining, and lithography, will drive demand for the ultrafast laser market.
Moreover, increasing manufacturing activities and rapid urbanization present significant growth opportunities globally. The consumer electronics sector, particularly in precision micromachining applications like flat panel display manufacturing and thin film micromachining, contributes substantially to market expansion through heightened laser usage for enhanced manufacturing yields.
Key Insights from Market Study:
The global ultrafast laser market is forecasted to grow nearly fourfold, reaching US$ 7,029.32 million by 2032.
Between 2017 and 2021, the market observed a compound annual growth rate (CAGR) of 1.5%.
Fiber lasers are expected to dominate the market under the type segment, with a valuation of US$ 813.0 million in 2022.
The Aerospace and Defence segment is anticipated to achieve a market valuation of US$ 308.4 million by the end of 2022.
East Asia held the largest market share in 2021, accounting for 30.9% of the global market.
Key Companies Profiled
Amplitude Laser Group
Coherent Inc.
EKSPLA
JDS Uniphase Corporation (VIAVI Solutions)
Jenoptik AG
Laser Quantum (Novanta Technologies UK Limited)
MKS Instruments Inc.
NKT Photonics A/S
IPG Photonics
TRUMPF Laser GmbH + Co. KG
Lumentum Holdings Inc.
Toptica Photonics Inc
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Competitive Landscape
The global ultrafast laser market exhibits fragmentation with numerous local and regional players. Market participants are prioritizing new product launches, backed by substantial investments in research and development (R&D) and collaborations, to drive market expansion.
Leading manufacturers of ultrafast lasers are employing expansion strategies such as introducing technologically advanced lasers tailored for specific industries, expanding their virtual presence, collaborating with other manufacturers, and pursuing acquisition agreements.
In October 2021, Han's Laser partnered with China International Marine Containers (CIMC) to accelerate smart manufacturing initiatives.
Since 2020, EKSPLA, a developer of laser systems and optoelectronics, has diversified its product portfolio with the introduction of the Extreme Light Infrastructure Attosecond Light Pulse Source (LI-ALPS) technology.
Coherent Inc. revamped its website in May 2021 to enhance customer engagement, featuring new sections highlighting customer success stories, a comprehensive resources center, direct links to product catalogs, and improved accessibility for visitors with disabilities.
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Segmentation of Ultrafast Laser Industry Research
By Type:
Titanium-Sapphire Lasers
Mode-Locked Diode-Pumped Bulk Lasers
Fiber Lasers
Mode-Locked Dye Lasers
Mode-Locked Diode Lasers
Others
By Pulse Duration:
Picosecond
Femtosecond
By Application:
Micromachining
Flat panel display manufacturing
Thin films micromachining
Two-photon polymerization
Precision micromachining
Others
Medical
Medical device fabrication
Cardiovascular stent manufacturing
Laser eye surgery
Others
Bio-Imaging
Multiphoton microscopy
Multimodal imaging
Others
Scientific Research
Multi-dimensional spectroscopy
THz spectroscopy
Coherent control
High harmonic generation, EUV
Others
By End Us:
Consumer Electronics
Healthcare & Life Science
Automotive
Aerospace and Defense
Industrial
Research & Academics
By Region:
North America
Latin America
Europe
East Asia
South Asia &Oceania
Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global ultrafast laser market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of type (titanium-sapphire lasers, mode-locked diode-pumped bulk lasers, fiber lasers, mode-locked dye lasers, mode-locked diode lasers, and others),pulse duration(picosecond, and femtosecond), end use (consumer electronics, healthcare & life science, automotive, aerospace and defence, industrial, and research & academics), application ( micromachining (flat panel display manufacturing, thin films micromachining, two-photon polymerization, precision micromachining, others), medical (medical device fabrication, cardiovascular stent manufacturing, laser eye surgery, and others), bio-imaging (multiphoton microscopy, multimodal imaging, and others), scientific research (multi-dimensional spectroscopy, THz spectroscopy, coherent control, high harmonic generation, and other)) and across key regions namely North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa.
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