The ultrafast lasers market is expected to grow from US$ 1,467.50 million in 2021 to US$ 3,048.68 million by 2028; it is estimated to grow at a CAGR of 11.0% from 2021 to 2028.
Technological innovation and implementation of ultrafast laser in various industries and government initiative to promote the adoption of ultrafast lasers are the major factors driving the growth of the ultrafast lasers market. Countries in Asia Pacific, Europe, North America, Middle East & Africa, and South America are heavily investing in research and development to develop the most advanced and highly capable ultrafast laser. Ultrafast laser is now being significantly used in various application areas such as medical device manufacturing, surgeries, metal processing, consumer electronic manufacturing, and automotive component manufacturing.
The ultrafast lasers market is segmented on the bases of type, pulse duration, application, and geography. Based on type, the market is segmented into diode-pumped lasers, mode-locked diode lasers, titanium-sapphire laser, fiber laser, and others. By pulse duration, the ultrafast lasers market is bifurcated into picosecond and femtosecond. Based on application, the market is segmented into consumer electronics, automotive, and others. By region, the ultrafast lasers market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Impact of COVID-19 Pandemic on Ultrafast lasers Market
The COVID-19 outbreak pandemic is having a negative impact on the global ultrafast lasers market. Since the outbreak, all manufacturing processes across the world have been temporarily closed to combat the spread of the novel coronavirus and comply with the social distancing norms imposed by local and federal government bodies. Moreover, the closure of manufacturing units is resulting into logistic issues. However, as the manufacturing processes worldwide resumed from the 3rd quarter of 2020 and the demand for ultrafast laser started to recover, manufacturers are expected to stabilize the overall revenue and cashflow in coming years.
Lucrative Regions for Ultrafast Lasers Providers (CAGR %)
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Ultrafast Lasers Market Insights
Technological Innovation and Implementation of Ultrafast Lasers in Diverse Industry Applications
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 a significant shift toward electric vehicles (EVs) that will, in turn, create the need for ultrafast laser systems. Similar trend can be witnessed in the 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 a 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. Further, developments have been observed in high power Ps lasers such as HyperRapid NX series (Coherent Inc.) that has the capacity to deliver ~100 watts in the near infrared spectrum.
As various industry verticals continue to develop small and more complex products and solutions, manufacturers are turning toward laser machining and processes. These low cost, highly effective lasers are suitable for marking and engraving a variety of materials. Ultrafast lasers have the capability to process parts at lower temperature without creating heat affected zone (HAZ). The laser allows engineers to work with more heat sensitive material, thereby expanding engineer’s horizon.
Type-Based Market Insights
The global ultrafast lasers market is segmented into diode-pump lasers, mode-locked diode lasers, titanium-sapphire lasers, and fiber lasers. Ultrafast laser is continuously developing in terms of power and capability. Institutes across the world are investing in research and development (R&D) to develop high intensity laser technology that will find its application in areas of nuclear energy, intense medical surgery, among others, in future. The fiber lasers segment dominated the market in 2020.
Ultrafast Lasers Market, by Type – 2020 and 2028 (%)
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Application-Based Market Insights
The global ultrafast lasers market, based on application, is segmented into consumer electronics, industrial, automotive, and medical & scientific applications. Applications of ultrafast laser are slowly expanding into various industries due to its advantages and affordability. Additionally, there is a growing need ultrafast laser in critical research, thereby creating demand for such advance laser solutions. In 2020, the industrial segment accounted for the largest market share.
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Ultrafast Lasers Market: Strategic Insights
Market Size Value in US$ 1,467.50 Million in 2021 Market Size Value by US$ 3,048.68 Million by 2028 Growth rate CAGR of 11.0% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Ultrafast Lasers Market: Strategic Insights
| Market Size Value in | US$ 1,467.50 Million in 2021 |
| Market Size Value by | US$ 3,048.68 Million by 2028 |
| Growth rate | CAGR of 11.0% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The players operating in the ultrafast lasers market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In April 2021, two French sister-companies, Amplitude Technologies and Amplitude Systèmes merged and now operate under a unique name: Amplitude.
- In March 2020, Continuum, a company of Amplitude Laser Group, launched Surelite 4: a new high energy diode pumped laser platform for ultrafast lasers, exhibited at Photonics West 2021 on Amplitude’s virtual booth.
The ultrafast lasers market has been segmented as follows:
Ultrafast Lasers Market – by Type
Ultrafast Lasers Market – by Pulse Duration
- Picosecond
- Femtosecond
Ultrafast Lasers Market – by Application
- Consumer Electronics
- Industrial
- Automotive
- Medical and Scientific
Ultrafast Lasers Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Amplitude Laser
- Coherent, Inc.
- NKT Photonics A/S
- Spark Lasers
- Fluence
- Wuhan Huaray Precision Laser Co.,Ltd.
- Jenoptik AG
- KMLabs
- Laser Quantum
- Clark-MXR, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Pulse Duration , and Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
In 2020, Asia Pacific led the global ultrafast lasers market with a substantial revenue share, followed by Europe and North America. . APAC has become one of the key markets for photonics across the world. The two biggest producers of the region are China and Japan. The China’s strong political focus in the photonic market reveals the strong shift toward a more advance laser technology. The country is a leader market for photovoltaics, displays, and information technology. APAC comprises the biggest number of emerging markets, and they grow around twice as fast as advanced economies on an average.
Technological innovation and implementation of ultrafast laser in diverse industry is driving the market. 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.
Fiber laser accounted for the largest segment in the global ultrafast laser market. The fiber laser is a variation on the standard solid-state laser. A key element for fiber lasers is that the fiber has a large surface-to-volume ratio so that heat can be dissipated relatively easily. The fiber-based laser design is extremely adaptable.
- AMPLITUDE SYSTEMES
- COHERENT INC.
- DPSS LASER INC.
- FEMTOLASERS PRODUCTIONS GMBH
- FIANIUM LTD.
- HUARAY LASER
- JENOPTIK AG
- KMLABS
- LASER QUANTUM LTD.
- VIAVI SOLUTIONS
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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.
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- 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.
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