Asia Pacific Ultrafast Lasers Market Growth and Recent Trends by 2028

The ultrafast lasers market in APAC is expected to grow from US$ 548.14 million in 2021 to US$ 1,224.83 million by 2028; it is estimated to grow at a CAGR of 12.2% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Boost in adoption of ultrafast lasers due to rising government intervention is the major factor driving the growth of the APAC ultrafast lasers market. Several research and development (R&D) centers are being developed to fasten the advancement in the field of laser technology. Government institutions in countries located in APAC have made significant investment in R&D directed toward high intensity lasers. In APAC, in India, the International Advanced Centre for Powder Metallurgy & New Materials (ARCI), an independent research and development center of Department of Science and Technology (DST), has developed ultrafast laser surface texturing technology that will help in improving the fuel competence of internal combustion engines. Similarly, the Indian Institute of Technology (IIT), Kanpur (a city in UP, India), has a dedicated department, The Center for Lasers and Photonics (CELP) is an interdisciplinary center of excellence that combines advance technology from engineering and theoretical advances in science to create new horizons in the field of photonics science and engineering.  In China, Xi'an Institute of Optics and Precision Mechanics (XIOPM) is yet another prominent institute partnered with the American Association for the Advancement of Science (AAAS) in 2020 to release a journal named Ultrafast Science. The journal talks about high-quality research cutting-edge and emerging topics in ultrafast science.  Such initiatives by government and autonomous institutes are driving the ultrafast lasers market growth.

Due to the outbreak of COVID-19, APAC is expecting to witness a huge economic challenge. APAC is characterized by the presence of various developing countries, high industrial growth, positive economic outlook, and large population. Moreover, manufacturing is one of the prominent industries in Asian economy due to rising need for industrial and consumer products, however due to government’s measures to reduce the spread of COVID-19 by announcing lockdowns, travel and trade bans have disrupted and delayed the operations in manufacturing, and other industries. Thus, slow down of major industries in APAC has subsequently affected the demand of ultrafast Laser, which, in turn has hampered the market growth. Further, the OEMs have also faced challenges in procuring raw material due to supply chain disruption thereby hampering their production process.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC ultrafast lasers market. The APAC ultrafast lasers market is expected to grow at a good CAGR during the forecast period.

 

APAC Ultrafast Lasers Market Segmentation

APAC Ultrafast Lasers Market – By Type

• Diode-Pumped Lasers
• Mode-Locked Diode Lasers
• Titanium-Sapphire Lasers
• Fiber Lasers

APAC Ultrafast Lasers Market – By Pulse Duration

• Picosecond
• Femtosecond

APAC Ultrafast Lasers Market – By Application

• Consumer Electronics
• Industrial
• Automotive
• Medical & Scientific

APAC Ultrafast Lasers Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC  

APAC Ultrafast Lasers Market - Companies Mentioned

• Amplitude Laser
• Coherent, Inc.
• Fluence Sp. z o.o
• Jenoptik AG
• KMLabs
• Laser Quantum
• NKT Photonics A/S
• Spark Lasers
• Wuhan Huaray Precision Laser Co., Ltd.

Asia Pacific Ultrafast Lasers Report Scope