The global Ultrafast Lasers Market accounted for more than $1.5 billion in 2020 and the market is estimated to grow at a CAGR of more than 14% during the forecast period 2021 to 2027. Ultrafast lasers generate less than one picosecond of short pulses of light. The unique characteristics of this device have paved the way for ultrashort pulse widths and high peak intensities in material processing. The use of lasers can be beneficial in materials as diverse as biological tissue to metals because these lasers remove materials without much energy transfer to surrounding regions.
At present, it finds applications both in fundamental research and in practical applications. Ultrafast lasers are commonly used in 3D photonic devices, data storage applications, 3D microfluidics & optofluidic, and glass bonding. It is possible to use ultrafast lasers for various niche applications, including resistor trimming, memory repair, hard-disk texturing, and rapid prototyping. Additionally, ultrafast lasers are versatile because they can operate in infrared, visible, and shorter ultraviolet ranges.
One of the uses of these Lasers is the cutting of thermoplastic urethane. Thermoplastic polyurethane is a polyurethane plastic made from a polyaddition reaction between long- or short-chain diols and diisocyanatos. The Ultrafast Lasers are known for their high abrasion resistance, amazing flexibility, and outstanding toughness. In numerous industries, such as construction, aerospace, automotive, and energy, films are used. Strings made from TPU are made into clothes that are lightweight and stretchable by combining them with nylon.
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Factors Impacting the Growth of the Ultrafast Lasers Market
- Lasers are designed to achieve high levels of accuracy micromachining is the primary factor driving the growth of the ultrafast lasers market.
- The market growth is fueled by a surge in demand for compact consumer electronics.
- Global ultrafast lasers market trends are expected to grow substantially in the future. However, technological advancements are expected to boost the market.
- As demand for precision engineering increases in the defense sector, the market is expected to enjoy lucrative growth.
- As the cost of technology increases, the market growth will be limited.
- Other factors contributing to the market’s growth include high beam quality, eco-friendly technology, ease of automated integration, and an increase in laser surgeries.
Impact of Covid-19
A slight decline was observed in the market at the end of 2019 because of the COVID-19 outbreak, which impacted manufacturing facilities and placed restrictions on companies’ activities. Although the industry is expected to grow dramatically after the lockdowns, it is expected to grow dramatically again in the middle of the forecast period, which results in a demand increase for Ultrafast Lasers later. There has been a temporary slowdown in manufacturing and office operations worldwide caused by several car companies, which has led to a sharp decline in the sales of ultrafast lasers.
Key Competitors
The key players have been focusing on expanding their product portfolios, merging with other companies, partnering with businesses, expanding geographically, and collaborating with businesses to raise their market penetration and strengthen their foothold in the sector. An analysis of major players:
- Amplitude Systemes
- Jds Uniphase Corporation
- Lumentum Operations LLC
- Attodyne Inc.
- Fianium Ltd.
- IMRA America Inc.
- TRUMPF
- Wuhan Huaray Precision Laser Co. Ltd.
- Coherent Inc.
- Dpss Laser Inc.
Regional Analysis
Globally, the ultrafast laser market is divided into North America, Europe, Asia Pacific, and the Rest of the World. The North America market will continue to lead the global market. Increasing investment into modern, efficient technology, rapid industrialization, urbanization, and improvements in the per capita income of nations in the Asia Pacific will drive rapid growth. India, China, and Japan are expected to contribute the majority of the growth.
Aim of the Report
The Ultrafast Lasers Market is divided into several segments: type, pulse duration, application, and end-user.
Segmentation based on Type
- Dye Lasers
- Diode Lasers
- Fiber Lasers
- Mode-Locked Lasers
- Diode-Pumped Bulk Lasers
- Titanium-Sapphire Lasers
- Others
Segmentation based on Pulse Duration
- Picosecond
- Femtosecond
Segmentation based on Application
- Micromachining
- Scientific Research
- Medical Device Fabrication
- Bio-Imaging
- Cardiovascular Stent Manufacturing
- Others
Segmentation based on End-User
- Medical
- Consumer Electronics
- Aerospace & Defense
- Industrial
- Automotive
- Others
Table of Content
Chapter 1: Global Ultrafast Lasers Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Ultrafast Lasers market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Ultrafast Lasers Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Ultrafast Lasers market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Ultrafast Lasers market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Ultrafast Lasers market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Ultrafast Lasers market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Ultrafast Lasers business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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