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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Pulse Duration, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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
- Amplitude Laser
- Clark-MXR, Inc.
- Coherent, Inc.
- Jenoptik AG
- KMLabs
- Laser Quantum
- NKT Photonics A/S
- Spark Lasers
- Wuhan Huaray Precision Laser Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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