Ultrafast Laser Market Size, Share, and COVID-19 Impact Analysis, By Type (Diode- Pumped Lasers, Mode- Locked Diode Lasers, Titanium-Sapphire Lasers, Fiber Lasers), By Pulse (Picosecond, Femtosecond), By Application (Consumer Electronics, Industrial, Automotive, Medical and Scientific, Manufacturing, Others), and Regional Forecast, 2024-2032

Laser is an acronym of light amplification by stimulated emission of production. Lasers are powerful light beams that emit light through a process of optical amplification based on stimulated emission of electromagnetic radiation.

Ultrafast lasers produce very short pulses in the range of 5 fs (femtoseconds) to 100 ps (picoseconds). These lasers are currently used for fundamental research and practical applications. They are based on mode-locking technique to form a train of pulses and have been recently successful due to relatively new developments in photonics.

Industries are moving from laser-cut technology to ultrafast technology for machining accuracy to enable earlier marketing of their products. Besides, micromachining is one of the primary reasons that drives the growth of the ultrafast laser market. Although, laser equipment tends to have high initial costs, improvement in process precision decreases the operating cost and overall time for production, which drives its implementation in material processing applications.

Furthermore, technological advancements in industries, such as automobiles, healthcare, consumer electronics, networking and telecom, and computing, created the need for small and robust electronic devices. These portable electronic equipment demand precise dimensional accuracy for components. This is anticipated to increase the demand for fabrication materials needed to develop components with precise dimensional accuracy.

The most significant feature of ultrafast laser processing is that it reduces heat diffusion to the surrounding regions of the processed area and is well adaptable to high-quality microfabrication of soft materials such as biological tissues and hard or brittle materials, including semiconductor and insulators without HAZ formation. For instance,

September 2022: 3D Systems expanded its industry leading materials portfolio with the introduction of new production grade material, Figure 4 Tough Clear and DuraForm PAx Black, designed for long-lasting performance. These materials provide long-lasting mechanical performance making them ideal for various applications in industries.

Impact of COVID-19 on the Ultrafast Laser Market

The market has been negatively impacted due to the outbreak of COVID-19. During pandemic, manufacturing processes across the world were temporarily closed to combat the spread of coronavirus, and social distancing norms were imposed by governments across the world. This led to closure of manufacturing units, resulting in logistic issues. However, the supply of ultrafast laser system in defense and medical sectors was in demand even at the time of pandemic.

Key Insights

The report will cover the following key insights:

• Micro & macroeconomic indicators


• Drivers, restraints, trends, and opportunities


• Business strategies adopted by the players


• Impact of COVID-19 on the ultrafast laser market


• Consolidated SWOT analysis of key players

Analysis by Application

Based on application, the market has been segmented into consumer electronics, industrial, automotive, medical and scientific, manufacturing, and others. Application of ultrafast laser is gradually expanding into various industries due to its advantages and affordability. Moreover, it is estimated that increase in demand for ultrafast lasers would be driven by the need to have a competitive edge in terms of device performance, mainly in niche areas with high revenue potential such as consumer electronics.

Regional Analysis

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The global ultrafast laser market is divided into five regions, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Europe holds the maximum ultrafast laser market share due to broad applications in medicine, manufacturing, and national security. Additionally, the rising demand for ultrafast lasers from the biological and biomedical sector is increasing the ultrafast laser market growth. In addition, Asia Pacific is the fastest growing region in the ultrafast laser market. The demand from metal processing industries and developing healthcare infrastructure drives the growth of the market in Asia Pacific.

The distribution of the global ultrafast laser market by region of origin is as follows:

• Asia Pacific –26%


• North America – 16%


• Europe – 49%


• Middle East and Africa – 6%


• South America – 3%

Key Players Covered

The key players in the market include Amplitude Group, Coherent Inc., Ekspla, MKS Instruments Inc., Jenoptik Laser GmbH, NKT Photonics A/S, Spark Lasers, Fluence, Laser Quantum, KMLabs, IPG Photonics, Resonetics, Newport Corporation, Thorlabs, Inc., and others.

Segmentation

Key Industry Developments

• September 2022: Lensar Inc. released Application for Certification of the Ally Adaptive Cataract Treatment System in the European Union.


• January 2022: Fluence Technology released Halite, a series of class-leading femtosecond lasers, to offer cost-efficient solutions for TPEF applications.