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.

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Ultrafast Lasers Market: Strategic Insights

Ultrafast Lasers Market

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  CAGR (2021 - 2028)

  11.0%
• Market Size 2021
  US$ 1.47 Billion
• Market Size 2028
  US$ 3.05 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• AMPLITUDE SYSTEMES
• COHERENT INC.
• DPSS LASER INC.
• FEMTOLASERS PRODUCTIONS GMBH
• FIANIUM LTD.
• HUARAY LASER
• JENOPTIK AG
• KMLABS
• LASER QUANTUM LTD.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

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

Pulse Duration

• Picosecond and Femtosecond

Application

• Consumer Electronics
• Industrial
• Automotive
• Medical & Scientific

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

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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.

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.

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.

Ultrafast Lasers Market Report Scope

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The ultrafast lasers market has been segmented as follows:

Ultrafast Lasers Market – by Type

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

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.