Ultrafast Laser, Market Analysis

Global Ultrafast Laser Market Overview:

Ultrafast Laser Market Size was valued at USD 1.3 billion in 2021. The ultrafast laser market industry is projected to grow from USD 1.5 billion in 2022 to USD 4.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.00% during the forecast period (2022 - 2030). High dimensional accuracy is made possible by ultrafast lasers, and micromachining is the main factor boosting the demand for ultrafast lasers during the coming years. Furthermore, the market's expansion is accelerated by the spike in demand for small-sized consumer gadgets. These market drivers led to the expansion of market.

Ultrafast Laser Market Trends

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  Increased need to improve dimensional accuracy to propel market growth

  
  

The need for a small, dependable electronic device was created by technological advancements in consumer electronics, computers, networking and telecom, transportation, healthcare, and consumer electronics. Such portable electronic devices demand great dimensional accuracy for components like displays. It is projected that there would be a rise in demand for the fabrication materials required to make high-performance semiconductor components. In high-speed, fully integrated applications like aerospace and some consumer electronics, the demand for compact equipment has expanded dramatically. These factors for creating the final products forced the OEMs to make small parts with intricate characteristics, making micromachining a key element in creating miniaturized electronic systems. The demand for tiny, portable electronic devices has increased across nearly every industrial sector, including communication equipment, cars, industrial manufacturing, and healthcare equipment. These advancements in the electronic device manufacturing sector have increased the need for enhanced dimensional accuracy and increased OEM pressure to assure that the products are free of errors and flaws. Consequently, it is anticipated that the use of laser machining technology will increase. Additionally, it is projected that the necessity for a competitive edge in terms of device performance, particularly in specialised markets with high potential for profit like consumer electronics, will fuel the demand for ultrafast lasers. Thus, this factor is driving the market CAGR.

Additionally, until recently, ultrafast lasers were labor-intensive, sensitive technologies that weren't designed to handle the demands of an industrial environment. Recent advances in laser technology have resulted in a significant change in the situation. Ultrafast lasers with pulse durations in the femtosecond and picosecond range are essential in many industrial operations. Due to advancements in laser technology, process development, beam control, and delivery, these lasers are helpful for treating high-quality, essentially hot materials, making a variety of cutting-edge scientific and commercial applications now feasible. Recent developments now make it possible to provide high power with exceptional beam characteristics in a space-effective arrangement and, most impressively, at production costs hardly higher than conventional fibres using tapered double-clad fibre (T-DCF) amplifiers. Due to the increased research and development in the laser field and the proportionally rising number of applications for the technology, the emphasis on investments and innovations is evolving. The ongoing research and advancements in the field of ultrafast lasers are predicted to lead to more usage throughout time by a variety of industries and on a variety of materials. Thus, it is anticipated that this aspect will accelerate ultrafast laser market revenue globally.

Ultrafast Laser Market Segment Insights:

Ultrafast Laser Pulse Duration Insights

The Ultrafast Laser Market segmentation has been segmented by type of test into femtosecond and picosecond. The picosecond segment dominated the market growth in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The market for picosecond lasers has been growing along with the increase in demand for manufacturing small electronics. The electronics industry is defined by its relentless pursuit of ever-increasing compactness and functionality. The production of rigid printed circuit boards (PCBs), package substrates, and thin flex circuits—two essential micromachining operations—are all impacted, as are nearly all other steps of the manufacturing process for electronics.

Figure 2: Ultrafast Laser Market by Pulse Duration, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ultrafast Laser Application Insights

The Ultrafast Laser Market segmentation, based on application is divided into bio-medical, science and research, spectroscopy and materials processing. The science and research segment dominated the ultrafast laser market revenue in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to its benefits and cost, applications of ultrafast laser are slowly spreading into numerous industries. Additionally, there is an increasing need for such advanced laser systems due to the growing necessity for ultrafast laser in crucial science & research.

Ultrafast Laser Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America ultrafast laser market accounted for USD 0.6 billion in 2021 and is expected to exhibit a 43.90% CAGR during the study period. One of the key elements that will strengthen the power of the manufacturing sector and aid the region in experiencing considerable growth is the manufacture of electronics in the US ultrafast laser market, which is a part of the North American region. It is commonly acknowledged that the development of the region's manufacturing industry has been significantly influenced by electronics.

Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Ultrafast Laser Market SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Asia Pacific ultrafast laser market accounts for the fastest growing market share. The rise in demand for femtosecond fibre lasers in the electronics and automotive industries is responsible for the surge. Numerous electronics OEMs, mainly in China and Japan, and technological advancements further contribute to the market's expansion. Further, the Chin ultrafast laser market held the largest market share, and the India ultrafast laser market was the fastest-growing market in the region.

Europe ultrafast laser market is expected to grow at a substantial CAGR from 2022 to 2030 due to a substantial R&D investment strategy and expanding laser technology use across industry verticals. There are various funded projects that were initiated by European Union that aimed at developing high-power, low-noise, ultrafast tunable laser sources using supercontinuum generation. Moreover, UK ultrafast laser market held the largest market share, and the Germany ultrafast laser market was the fastest-growing market in this region

Ultrafast Laser Key Market Players & Competitive Insights

Major market players are spending a lot on R&D to increase their product lines, which will help the ultrafast laser industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.

One of the primary business strategies manufacturers adopt in the global ultrafast laser industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, ultrafast laser industry has provided medicine with some of the most significant benefits. The ultrafast laser market major player such as Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR Inc. (U.S.), Coherent Inc. (U.S.), DPSS Lasers Inc. (U.S.), EKSPLA (Lithuania), Epilog Laser (U.S.), IMRA America (U.S.), IPG Photonics (U.S.), JENOPTIK Laser GmbH (Germany), Laser Quantum (U.K), Lumentum Operations LLC (U.S.), Newport Corporation (U.S.), NKT Photonics (U.S.), Resonetics (U.S.), Rofin-Sinar Laser GmbH (Germany), Sheaumann Laser Inc. (U.S.) and Spectra-Physics (U.S.).

The American firm Coherent, Inc., with its headquarters in Santa Clara, California, develops, produces, and provides support for laser equipment and related speciality components. In March 2022, the launch of the COMPex family of products was announced by Coherent Inc. The strongest VUV laser is the Coherent COMPex F2. The dual-wavelength laser is able to provide the strong source of vacuum ultraviolet wavelengths required by some applications. By simply adjusting the gas fill, the F2 specifically offers a direct output at 157 nm and 193 nm, boosting its usefulness and worth.

An integrated photonics company called Jenoptik AG is situated in Jena, Germany. The company's clients include businesses in the electronics, semiconductor equipment, life science and medical technology, traffic and security industries, and so forth. In February 2022, Jenoptik disclosed a joint venture with Accretech. Beginning on February 1, 2022, the businesses merged their economic and technological resources to add value for the entire Japanese industry. As a result, Jenoptik added another reliable distribution partner.

Key companies in the ultrafast laser market includes

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  Amplitude Systemes (France)

  
  


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  Attodyne Inc. (Canada)

  
  


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  Clark-MXR Inc. (U.S.)

  
  


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  Coherent Inc. (U.S.)

  
  


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  DPSS Lasers Inc. (U.S.)

  
  


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  EKSPLA (Lithuania)

  
  


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  Epilog Laser (U.S.)

  
  


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  IMRA America (U.S.)

  
  


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  IPG Photonics (U.S.)

  
  


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  JENOPTIK Laser GmbH (Germany)

  
  


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  Laser Quantum (U.K)

  
  


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  Lumentum Operations LLC (U.S.)

  
  


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  Newport Corporation (U.S.)

  
  


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  NKT Photonics (U.S.)

  
  


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  Resonetics (U.S.)

  
  


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  Rofin-Sinar Laser GmbH (Germany)

  
  


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  Sheaumann Laser Inc. (U.S.)

  
  


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  Spectra-Physics (U.S.)

  
  

Ultrafast Laser Industry Developments

January 2024: The global leader in materials, networking, and lasers, Coherent Corporation, made the announcement today that it will exhibit industry-leading products and capabilities at SPIE Photonics West, which will take place from January 30th to February 1st at the Moscone Center in San Francisco, Booth #4805 (Hall F), and at BiOS Expo, which will take place from January 27th to 28th as part of Photonics West, within Booth #8630 (Hall D). Both of these events will take place in San Francisco. This event will be a demonstration of the comprehensive range of products and technical innovations that Coherent has developed, which are enabling a wide number of applications in the industrial, communications, electronics, and instrumentation sectors. During the events, seminars, and technical sessions that are being organized by the industry, there will be presentations delivered by thought leaders who are coherent.

Within the scope of one of the presentations, the use of industrial ultrafast lasers for the purposes of microprocessing and applications will be highlighted. In light of the fact that this laser has an average output power of one hundred watts, it is an outstanding option for the ultraprecision manufacturing of thin-film solar cells. Further applications of this laser include the structuring of battery foils and the dicing of silicon wafers, to name just two examples.

When it comes to market innovators, Coherent provides them with the power to create the future via the creation of ground-breaking breakthroughs, which may range from materials to systems. We produce innovations that are favorably appreciated by our customers in a broad variety of applications, including those in the sectors of industrial, communications, electronic, and instrumentation industries, among others. Coherent is an international firm that utilizes locations all over the world for the purposes of research and development, manufacturing, sales, service, and distribution. It is headquartered in Saxonburg, Pennsylvania, in the United States of America.

February 2023: Chromacity lately announced a strategic collaboration arrangement with Edmund Optics for the supply and sale of its ultrafast lasers worldwide recently at Photonics West. The announcement is timed to the debut of Chromacity's newest 920 nm-emitting ultrafast laser. The global channels & optical imaging network of Edmund Optics will actively market and disseminate the line of fixed wavelength femtosecond lasers from Chromacity. One of the top manufacturers and suppliers of optical, imaging, and photonics-enabled technologies for the semiconductor, security, biomedical, industrial inspection, and R&D industries is Edmund optical.

November 2022: 'Time-lens' developed by Harvard SEAS produces ultrafast laser pulses. Harvard's John A. Paulson SEAS researchers have created a high-performance, on-chip femtosecond pulse generator utilizing a device known as a "time lens" that looks to be right out of science fiction. The size of pulsed lasers that emit intense, brief bursts of variously colored light has remained high. They chose to employ a cutting-edge integrated photonics platform which they have built to scale down a well-known method used to realize traditional — and enormous — femtosecond sources in order to make these sources more practical.

July 2022: A distinguished Fulbright U.S. Scholar Award was given to Associate Professor Jie Qiao to improve the field of ultrafast laser material processing. To create innovative optical components and integrated photonic circuitry, Qiao creates ultrafast laser systems & techniques. She will collaborate on research involving ultrafast lasers in the gigahertz range, which use incredibly brief light pulses for the non-contact material removal. According to Qiao, this might revolutionize the way that materials are cut, drilled, welded, polished, and structured for use in semiconductors, medical devices, sensors, and other technologies. Qiao expects it will act as a spur to enhance gender parity in the laser, optics, and photonics industries. It is possible to fine-tune material interaction process & eliminate the heating impact using a laser that emits 1 billion pulses per second.

Ultrafast Laser Market Segmentation:

Ultrafast Laser Pulse Duration Outlook (USD Billion, 2018-2030)

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  Femtosecond

  
  


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  Picosecond

  
  

Ultrafast Laser Application Outlook (USD Billion, 2018-2030)

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  Bio-medical

  
  


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  Science and Research

  
  


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  Spectroscopy

  
  


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  Materials Processing

  
  

Ultrafast Laser Regional Outlook (USD Billion, 2018-2030)

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America

    
    
  
  
  
  

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