Summary:
A new study title “Global Ultrafast Laser market size, status and forecast 2027” has been featured on market research future.
Market Overview:
Ultrafast lasers emit ultrashort pulses of light with an electromagnetic pulse, whose time duration is of a picosecond or less. These pulses have a broad optical range and can be produced by mode-locked oscillators. The ultrafast lasers are commonly referred to as ultrafast events with the amplification of ultra-short pulses, which always require high pulse amplification to prevent damage to the amplifier's gain medium.
The various factors driving the growth of the global ultrafast laser market are the adoption of terahertz spectroscopy, the growing quality requirement in industrial projects, and the increasing demand for consumer electronics. Terahertz (THz) spectroscopy is a rapidly evolving spectroscopic method that detects and controls properties of matter with electromagnetic fields created using THz waves ranging from 1011 to 1013 Hz. Rapid advancements in technology have proven the capability of THz spectroscopy in fields of physics, chemistry, materials science, medicine, pharmacy, and biology. It has proven to be a promising detection technology for many applications such as medical imaging, pharmaceutical quality control, protein characterization, cancer detection, security, scientific imaging (chemistry, biochemistry, and astronomy), communications, and manufacturing.
Furthermore, the need for high bandwidth and high data transfer capabilities creates growth opportunities for the market players during the forecast period.
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Key Players:
MRFRhas identified the following companies as the key players in the global ultrafast laser market—Amplitude Systemes (France), Clark-MXR, Inc.(US), Coherent Inc.(US), DPSS Lasers Inc.(US), EKSPLA (Lithuania), Epilog Laser (US), IMRA America (US), IPG Photonics (US), JENOPTIK Laser GmbH (Germany), Laser Quantum (UK), Lumentum Operations LLC (US), Newport Corporation (US), NKT Photonics (Denmark), and Resonetics (US).
Segments:
The global ultrafast laser market has been segmented on the basis of type, pulse duration, average power, repetition rate, application, and region.
On the basis of type, the global ultrafast laser market has been segmented into titanium sapphire, diode-pumped, mode-locked, and fiber laser. The fiber lasers segment held the largest market share in 2019 and is expected to register a CAGR of 18.6% during the forecast period. These lasers possess high pointing stability, offer consistent beam quality, and provide a wide variety of wavelengths. Most of the femtosecond fiber lasers are used in performing eye surgeries
By pulse duration, the ultrafast laser market has been categorized into femtosecond and picosecond. Femtosecond ultrafast lasers emit light pulse duration below one ps, also known as ultrashort pulse. Picosecond ultrafast lasers emit light pulse duration between 1 ps and tens of picoseconds.
By average power, the ultrafast laser market has been categorized into 120mW–500mW, 500mW<, and 0.5mW–120mW. In 2019, the 120mW–500mW segment accounted for amarket value of USD 512.7 million.
By repetition rate, the ultrafast laser market has been categorized into 80MHz–100MHz, 40MHz–80MHz, and 0.5 MHz–40MHz. In 2019, the 40MHz–80MHz segment was valued at USD 428.0 million.
By application, the ultrafast laser market is divided into biomedical, material processing, spectroscopy & imaging, science & research, and others. In 2019, the biomedical segment was valuedat USD 463.7 million,while in the same year, thematerials processing segment was valued at USD 274.3 million.
Regional Analysis:
The global ultrafast laser market has been studied across Asia-Pacific, North America, Europe, and the Rest of the World. North America accounted for the largest market share of 30.3% in 2019. The region witnessed significant growth in the market due to the presence of key market players who invest heavily in developing ultrafast laser technologies across key countries such as the US and Canada.
The wide-scale adoption of ultrafast lasers in smartphones, medical & healthcare equipment, aerospace & defense systemsby players in Germany, the UK, France, Italy, Spain, and several other European countries also promotes regional market growth.
Asia-Pacific witnessed high demand for ultrafast lasers in consumer electronics devices and aerospace and defense systems. The adoption of fiber ultrafast lasers among healthcare equipment providers and gas manufacturing plants in Asia-Pacific also boosts the regional market growth.
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