Electronics & Semiconductor / Ultrafast Laser Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions, And By Key Players: Coherent Inc. (NASDAQ: COHR), Jenoptik AG (ETR: JEN), MKS Instruments Inc. (NASDAQ: MKSI)
Ultrafast Laser Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Coherent Inc. (NASDAQ: COHR), Jenoptik AG (ETR: JEN), MKS Instruments Inc. (NASDAQ: MKSI)
Registering a CAGR of 16.8% over the forecast period, the market value of Ultrafast Laser is expected to reach US$ 5200 million in the year 2027.
Ultrafast Laser Market Overview
Ultrafast lasers are light pulses that last a few picoseconds or femtoseconds and are used to create, detect, and study transient chemical reactions and states. Due to benefits such as tighter tolerances, improved dimensional accuracy, and the elimination of post-processing steps, ultrafast or ultrashort pulse lasers are critical manufacturing tools in industries such as automobile, consumer electronics, and medical devices.
The ultrafast laser employs a dependable technique of high pulse amplification to ensure that the amplifier is not damaged. Manufacturing units' research and development departments aid in the use of advanced materials and laser configurations. These configurations hold the promise of opening up a new range of applications outside of the core area of industrial micromachining. Industries are increasingly adopting this technology, which will aid in improving machine accuracy. This allows for the development of significant growth opportunities in the ultrafast laser market.
The widespread adoption of products in the automotive industry is propelling market growth. Ultrafast lasers are used to cut small grooves into the surface of engine cylinder walls in order to improve lubricant distribution and reduce friction losses. In line with this, the growing use of ultrafast lasers for high-quality micromachining, scribing, and cutting of brittle materials is boosting market growth.
The report aspects discussed the profile of the top manufacturers of the global Ultrafast Laser market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Ultrafast Laser Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in the Ultrafast Laser Market?
The global Ultrafast Laser includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Amplitude Laser Group, Coherent Inc. (NASDAQ: COHR), EKSPLA, JDS Uniphase Corporation (VIAVI Solutions), Jenoptik AG (ETR: JEN), Laser Quantum (Novanta Technologies UK Limited), MKS Instruments Inc. (NASDAQ: MKSI), NKT Photonics A/S, IPG Photonics, TRUMPF Laser GmbH + Co. KG, Lumentum Holdings Inc., Toptica Photonics Inc. and others.
Industry News and Updates:
MKS Expands Ultrafast Laser Portfolio for Neuroscience and Bio-Imaging Applications with Spectra-Physics
8 November 2021 – MKS Instruments, Inc. (NASDAQ: MKSI) announces the addition of an integrated attenuation option to its highly popular Spectra-Physics® InSight® X3+TM tunable ultrafast lasers. This new capability allows for on-board, software-controlled output power adjustment to supplement the built-in automated wavelength and dispersion compensation tuning for improved multiphoton imaging performance.
March 2022--Coherent Inc. announced the release of its new product COMPex family. The Coherent COMPex F2 is the most powerful VUV laser. The dual-wavelength laser meets the requirements of applications that require a power source of vacuum ultraviolet wavelengths. The F2, in particular, provides a direct output at both 157 nm and 193 nm simply by switching the gas fill, maximizing its utility and value.
What are the major Applications, Types, and Regions for the Ultrafast Laser Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
Solid-State Laser
Fiber Laser
By Application, it is segmented into
Consumer Electronics
Medical
Automotive
Aerospace and Defense
Research
The electronics manufacturing industry continues to be a fast-paced one. The sector is primarily driven by rising consumer electronics demand and rapid technological advancements, which put OEMs under constant pressure to introduce new products to the market. Consumer electronics providers rely heavily on electronic manufacturers, who provide advantages such as cost savings, reduced time-to-volume, quality, reduced time-to-market, and flexibility in bringing their products to market. Consumer Technology Sales in the United States increased by 7.5 % in 2021, reaching USD 487 billion, according to the Consumer Technology Association.
Ultrafast Laser Market Regional Analysis
Due to increased demand for femtosecond fiber lasers in the automotive and electronics industries, the Asia Pacific ultrafast laser market has grown significantly. This region is expected to grow significantly during the forecast period due to technological advancements and the presence of many electronics OEMs in the region, particularly in Japan and China.
With many market players such as Thorlabs Inc., Wuhan Huaray Precision Laser Co., Ltd., Amplitude Laser, and others, Asia Pacific is an established leader in laser technology development. The product offerings are one of the initiatives being undertaken by market participants in order to maximize profit and gain a competitive edge while meeting the ever-increasing demand for enhanced ultrafast laser equipment. Due to increased government initiatives for manufacturing defense and medical services, companies have developed ultrafast lasers for a wide range of industrial applications. This region is expected to see continuous growth in ultrafast lasers.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Ultrafast Laser Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Ultrafast Laser Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Ultrafast Laser Market report scope?
Scope of the Report covers the Ultrafast Laser Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Ultrafast Laser Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
Report Details
Report Title
Ultrafast Laser Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Coherent Inc. (NASDAQ: COHR), Jenoptik AG (ETR: JEN), MKS Instruments Inc. (NASDAQ: MKSI)
Forecast Period 2022 to 2027 CAGR
CAGR of 16.8% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Ultrafast Laser Report
Evaluate Ultrafast Laser market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
Get a quick outlook on the Ultrafast Laser market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Ultrafast Laser Market is studied from 2017 - 2027.
What is the growth rate of the Ultrafast Laser Market?
The Ultrafast Laser Market is growing at a CAGR of 16.8% over the next 5 years.
Who are the key players in Ultrafast Laser Market?
What regions does this Ultrafast Laser Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Ultrafast Laser Market?
Solid-State Laser, Fiber Laser
What are the major end-use applications of the Ultrafast Laser Market?
Consumer Electronics, Medical, Automotive, Aerospace and Defense, Research
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
INTRODUCTION
MARKET DEFINITION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMELINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL ULTRAFAST LASER MARKETBY APPLICATION
GLOBAL ULTRAFAST LASER MARKET BY TYPES
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR GLOBAL ULTRAFAST LASER RESTRAINTS
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
