North America Ultrafast Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Diode-Pumped Lasers, Mode-Locked Diode Lasers, Titanium-Sapphire Lasers, and Fiber Lasers), Pulse Duration (Picosecond and Femtosecond), and Application (Consumer Electronics, Industrial, Automotive, and Medical & Scientific)

Publication Month: Jul 2021 | Report Code: TIPRE00023518 | No. of Pages: 112 | Category: Electronics and Semiconductor | Status: Published

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The ultrafast lasers market in North America is expected to grow from US$ 367.75 million in 2021 to US$ 731.72 million by 2028; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Technological advancement and usage of ultrafast lasers in diverse industry applications is the major factor driving the growth of the North America ultrafast lasers market. Various industries are surely hit by the COVID-19 pandemic; however, there will be an expected rebounding of the economy once the situation normalizes. For instance, in automotive industry, there will be significant shift toward electric vehicles (EV) that will, in turn, create the need for ultrafast laser systems.  Similar trend can be witnessed in consumer electronics and medical sectors. Ultrafast laser has various advantages that attract its adoption in various industries. Ultrashort pulse (USP) lasers for accurate micromachining can reduce or avoid unwanted thermal effects, which limit feature resolution, edge quality and, or the overall product functionality. Laser manufacturers have developed a new generation of femtosecond (fs) lasers for industrial users based on new material—ytterbium doped fiber. This material has the capability of much higher powers than previous femtosecond lasers and is usually wrapped in a master oscillator/power amplifier (MOPA) internal configuration. Further, there has also been recent development in picosecond (Ps) lasers for industrial application.  Industries are showing interest in using picosecond laser for lower power applications such as drilling small holes, marking in automotive, and manufacturing medical and semiconductor devices. This has created a significant demand for Ps lasers. The lower cost of ownership and pulse-to-pulse stability are among the few benefits of Ps lasers.  One of these newly developed Ps laser is Rapid NX series from Coherent Inc., and it offers many watts of near infrared output in an efficient form.     

 

North America is well-known for the adoption of new technologies owing to favorable government policies to boost innovation, presence of various technological companies, and high adoption of advanced technologies in various industry verticals especially in developed countries such as Canada and the US. Thus, any negative impact on the growth of industries is expected to hamper the economic growth of the region. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This has forced the governments to impose lockdowns to limit human movement, thereby leading the manufacturing, facilities to experience lower than usual production volumes, which is negatively impacting the demand for ultrafast laser. Further, disruption in the logistic framework at the time of first wave of the COVID pandemic created challenges for ultrafast laser provider. However, ultrafast laser manufacturer also supplies their system in defense and medical sector that are deemed to be crucial sector and were operating even at the time of pandemic. Therefore, ultrafast laser manufacturer was receiving orders from these crucial industries and were operational during the lockdown, creating enough cashflows for the OEMs.  

 

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 North America ultrafast lasers market. The North America ultrafast lasers market is expected to grow at a good CAGR during the forecast period.

 

North America Ultrafast Lasers Market Segmentation

 

North America Ultrafast Lasers Market – By Type

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

North America Ultrafast Lasers Market – By Pulse Duration

  • Picosecond
  • Femtosecond

North America Ultrafast Lasers Market – By Application

  • Consumer Electronics
  • Industrial
  • Automotive
  • Medical & Scientific

North America Ultrafast Lasers Market, by Country

  • US
  • Canada
  • Mexico

North America Ultrafast Lasers Market - Companies Mentioned

  • Amplitude Laser
  • Clark-MXR, Inc.
  • Coherent, Inc.
  • Jenoptik AG
  • KMLabs
  • Laser Quantum
  • NKT Photonics A/S
  • Spark Lasers
  • Wuhan Huaray Precision Laser Co., Ltd.

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Ultrafast Lasers Market – By Type

1.3.2        North America Ultrafast Lasers Market – By Pulse Duration

1.3.3        North America Ultrafast Lasers Market – By Application

1.3.4        North America Ultrafast Lasers Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Ultrafast Lasers Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           North America Ultrafast Lasers Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Technological Advancement and Usage of Ultrafast Lasers in Diverse Industry Applications

5.1.2        Various Initiative by Government to Promote Usage of Ultrafast Lasers

5.2         Key Market Restraints

5.2.1        High Cost of Ultrafast Laser Systems

5.3         Key Market Opportunities

5.3.1        Growing Applications of Laser Technology

5.4         Future Trends

5.4.1        Sudden Emergence of Start-ups

5.5         Impact Analysis of Drivers and Restraints

6.           Ultrafast Lasers Market – North America Analysis

6.1         North America Ultrafast Lasers Market North America Overview

6.2         North America Ultrafast Lasers Market – North America Revenue and Forecast to 2028 (US$ Million)

7.           North America Ultrafast Lasers Market Analysis – By Type

7.1         Overview

7.2         North America Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 and 2028

7.3         Diode-Pumped Lasers

7.3.1        Overview

7.3.2        Diode Pumped Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Mode- Locked Diode Lasers

7.4.1        Overview

7.4.2        Mode-Locked Diode Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Titanium-Sapphire Lasers

7.5.1        Overview

7.5.2        Titanium-Sapphire Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Fiber Lasers

7.6.1        Overview

7.6.2        Fiber Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Ultrafast Lasers Market Analysis – By Pulse Duration

8.1         Overview

8.2         North America Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 2028

8.3         Picosecond

8.3.1        Overview

8.3.2        Picosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Femtosecond

8.4.1        Overview

8.4.2        Femtosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Ultrafast Lasers Market Analysis – By Application

9.1         Overview

9.2         North America Ultrafast Lasers Market Breakdown, By Application, 2020 & 2028

9.3         Consumer Electronics

9.3.1        Overview

9.3.2        Consumer Electronics: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Industrial

9.4.1        Overview

9.4.2        Industrial: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Automotive

9.5.1        Overview

9.5.2        Automotive: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Medical and Scientific

9.6.1        Overview

9.6.2        Medical and Scientific: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Ultrafast Lasers Market – Country Analysis

10.1      Overview

10.1.1     North America: Ultrafast Lasers Market- by Key Country

10.1.1.1       US: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       US: Ultrafast Lasers Market- by Type

10.1.1.1.2       US: Ultrafast Lasers Market- by Pulse Duration

10.1.1.1.3       US: Ultrafast Lasers Market- by Application

10.1.1.2       Canada: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Ultrafast Lasers Market- by Type

10.1.1.2.2       Canada: Ultrafast Lasers Market- by Pulse Duration

10.1.1.2.3       Canada: Ultrafast Lasers Market- by Application

10.1.1.3       Mexico: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Ultrafast Lasers Market- by Type

10.1.1.3.2       Mexico: Ultrafast Lasers Market- by Pulse Duration

10.1.1.3.3       Mexico: Ultrafast Lasers Market- by Application

11.        North America Ultrafast Lasers Market- COVID-19 Impact Analysis

11.1      North America

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Product Development

13.        Company Profiles

13.1      Amplitude Laser

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Coherent, Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Wuhan Huaray Precision Laser Co., Ltd.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Jenoptik AG

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      KMLabs

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Laser Quantum

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      NKT Photonics A/S

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Spark Lasers

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Clark-MXR, Inc.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             North America Ultrafast Lasers Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             US: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Ultrafast Lasers Market Segmentation

Figure 2.           North America Ultrafast Lasers Market Segmentation – By Country

Figure 3.           North America Ultrafast Lasers Market Overview

Figure 4.           Femtosecond Segment Held the Largest Market Share in 2020

Figure 5.           Fiber Lasers Held the Largest Market Share in 2020

Figure 6.           Industrial Held the Largest Market Share in 2020

Figure 7.           US was the Largest Revenue Contributor in 2020

Figure 8.           North America– PEST Analysis

Figure 9.           North America Ultrafast Lasers Market– Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        North America Ultrafast Lasers Market: Impact Analysis of Drivers and Restraints

Figure 12.        North America Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 & 2028 (%)

Figure 14.        North America Diode Pumped Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Mode Locked Diode Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Titanium Sapphire Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Fiber Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 2028 (%)

Figure 19.        North America Picosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Femtosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Ultrafast Lasers Market Breakdown, By Application, 2020 & 2028 (%)

Figure 22.        North America Consumer Electronics: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Industrial: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Automotive: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America Medical and Scientific: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America: Ultrafast Lasers Market, by Key Country – Revenue 2020 (US$ Million)

Figure 27.        North America: Ultrafast Lasers Market Revenue Share, by Key Country (2020 and 2028)

Figure 28.        US: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Canada: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Mexico: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in North American Countries

  1. Amplitude Laser
  2. Clark-MXR, Inc.
  3. Coherent, Inc.
  4. Jenoptik AG
  5. KMLabs
  6. Laser Quantum
  7. NKT Photonics A/S
  8. Spark Lasers
  9. Wuhan Huaray Precision Laser Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America ultrafast lasers market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America ultrafast lasers market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ultrafast lasers market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00023518
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