Ultrafast Laser Market Scope
The rising demand for the medical industries will help to boost the global Ultrafast Laser market. The ultrafast laser market is not just growing, it is accelerating. Ultrafast lasers possess the unique ability to deliver high peak power without thermal damage which makes them better suited for biomedical and biological applications. Ultrafast lasers are ultra-short pulses of light with an electromagnetic pulse whose time duration is of the order of a picosecond or less.
The Ultrafast Laser market study is segmented by Type (Titanium-Sapphire, Diode-Pumped, Fiber Lasers and Mode-Locked Diode), by Application (Biomedical, Spectroscopy and Imaging) and major geographies with country level break-up.
The Ultrafast lasers market is highly competitive owing to the presence of multiple players. The market appears to be moderately concentrated. Vendors in the market are involved in new product rollouts with significant R&D investments and partnerships that significantly boost the market growth. In addition to technological investments, companies also have acquisitions as their growth strategy. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Ultrafast Laser market throughout the predicted period.
Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR, Inc. (United States), Coherent Inc. (United States), DPSS Lasers Inc. (United States), EKSPLA (Lithuania), Epilog Laser (United States), IMRA America (United States.), IPG Photonics (United States) and JENOPTIK Laser GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Laser Quantum (United Kingdom), Lumentum Operations LLC (United States), Newport Corporation (United States), NKT Photonics (United States), Resonetics (United States), Rofin-Sinar Laser GmbH (Germany), Sheaumann Laser Inc. (United States) and Spectra-Physics (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Ultrafast Laser market by Type, Application and Region.
On the basis of geography, the market of Ultrafast Laser has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In March 2019, Coherent Inc. significantly expanded its Gilching, Germany micromachining, and sub-system facility in Gilching, and completed the relocation of the company’s laser marking group from nearby Gunding.
March 2019 - Trumpf's new disk laser TruDisk Pulse 421 generates laser light in the green spectrum at 515 nanometers. It operates in the pulsed mode at a mean power of 400 watts and solves the problems found when using infrared lasers to weld copper.
- Increasing demand for ultrafast fiber laser in biomedical applications for micro and nanosurgery, refractive surgery, 3D lithography, and nerve reconstruction, and surgery
- Rapidly growing technological advancements in laser technology
- Need for Enhanced Dimensional Accuracy
- Government Mandates Promoting Adoption of Ultrafast Lasers
- The concern regarding the higher cost associated with ultrafast laser-based manufacturing processes
- Manufacturing Complexities Challenge the Market Growth
Analyst ViewThe Growing advancements in the ultrafast laser market are anticipated to open new roads of applications outside core applications. Also, the Increasing adoption of lasers in the automotive industry is another major boosting force for the market
Key Target AudienceTechnology Investors, Research/Consultancy firms, Government Bodies, Ultrasoft Laser Manufacturers, Ultrasoft Laser Providers, Consulting service providers, Technology Providers and System integrators
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Ultrafast Laser Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2025.
3. What is expected growth rate?
According to AMA, the Global Ultrafast Laser market is expected to see growth rate of 16.6%.