The global ultrafast lasers market was valued at USD XX million in 2017 and is expected to reach a valuation of approximately USD XX million by 2025, riding on the back of a strong CAGR of XX% during the forecast period.Ultrafast lasers have found applications in industries for several processes such as manufacturing powerful, and processing of clear-cut materials with high precision and low innovation scope; usually absent in the market place. These lasers are ultra-short pulse emitting light with electromagnetic pulse.
This pulse lasts for a picosecond or even less. Ultrafast lasers are generally ultrafast events possessing an amplification of pulses that are ultra-short and. This is essential to prevent damage to the gain medium of the amplifier. Research & development departments are continually making advances in laser and materials thereby creating opportunities for a wide range of applications along with the core area of industrial micromachining.
Key Players:The global ultrafast laser market consists of global and regional players which includes Amplitude Systemes, Coherent Inc., Ekspla, Fianium Ltd, Jds Uniphase Corp., and Laser Quantum Ltd., among others.
The global ultrafast laser market is segmented based on application, type, pulse duration and geography.Based on the type, the market is segmented into diode-pumped lasers, titanium-sapphire lasers, fiber lasers, and mode-locked diode lasers. Based on the pulse duration, the market is segmented into femtosecond and picosecond. Whereas, based on the application,
the market is segmented into biomedical, materials processing, spectroscopy & imaging, science & research, and others.The global ultrafast laser market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. In 2017, Europe held the strongest position in the global lasers market which is attributed to the sustained strong research base.
Ultrafast Laser Market Key Segments:
On the Basis of Product:
Mode-Locked Diode Lasers
On the Basis of Application:
Spectroscopy & Imaging
Science & Research
On the basis of pulse duration:
On the Basis of Region:
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
The global ultrafast laser market is being driven by end use industries such as the automotive industry which is witnessing several novelties in high-powered laser applications for several years. The ultrafast lasers have the scope to fulfil many requirements presented by the automotive industry which includes product miniaturization, quality, high precision, applicability to diverse materials, smaller lots, and cost-effectiveness. Automakers globally are facing tremendous pressure to meet the targets, and stringent regulations imposed by the government, for increasing the mileage as well as reducing the CO2emissions. This has led to automobile manufacturers resorting to technological innovations with respect to lasers, to extract more mileage from the present fossil fuel engine.