Report Overview

The global ultrafast laser market was worth USD 1,435.3 million in 2020, and the market is further expected to reach USD 3,198.5 million by 2027 at a CAGR of 12.2% during the forecast period (2021-2027). Ultrafast lasers are being used in a growing number of industrial processes including drilling, cutting, and surface processing. Moreover, the growing demand for ultrafast laser for micromachining solutions and its use in biomedical applications for its features such as delivering high power without thermal damage is expected to drive the growth of the ultrafast laser market over the forecast period.

Source: BlueWeave Consulting

Global Ultrafast Laser Market Overview:

Ultrafast lasers are the lasers capable of producing short pulses of light, generally less than one picosecond. Ultrafast lasers are generated by coherently emitting light waves with a large number of modes, or integer multiples of half the light’s wavelength through in-phase superposition. Ultrafast lasers have become an essential part of the medical industry with Laser-Assisted In-Situ Keratomileusis (LASIK) operations becoming a go-to for non-invasive tissue surgeries. Ultrafast lasers are used for X-ray radiography, cancer therapy, positron emission tomography, as well as to develop advanced ignition schemes for fusion energy via inertial confinement (ICF) and for security purposes.

Global Ultrafast Laser MarketForecast and Trend

Growth Drivers

Growing Application in The Healthcare Industry

Nowadays, lasers are an essential part of the medical industry. One of the world’s most recognizable femtosecond laser brands, IntraLase is owned by American healthcare giant, Abbott, and the technology is used extensively in eye surgery. Ultrafast pulse rate lasers are especially beneficial in ophthalmology and the production of some medical devices. Femto lasers, a type of ultrafast laser, generate huge amounts of peak power while also massively reducing the heat produced during the process. Femtosecond lasers are being used in ophthalmic procedures, such as laser eye or refractive surgery, corneal surgery, and operations to remove cataracts from the eye. It's worth noting that ultrafast lasers help to ensure safe surgery and facilitate quick recovery times by processing tissues with extreme precision and minimal adverse effects without modifying their surface. Apart from surgery, ultrafast lasers are also used for the manufacturing of stents that are inserted into arteries or veins to improve blood flow. Additionally, ultrafast lasers are also used for prosthetics fabrication and intraocular lenses. Companies are also exploring the possibility of using Femto lasers for eye surgery, skin surgery, and other applications. During the forecast period, technological advancements are expected to drive the global ultrafast laser market, enabling the desired results to be achieved with a minimum of damage.

Upsurge in Demand for Ultrafast Lasers from The Automotive Industry

The automotive industry employs ultrafast lasers owing to their numerous advantages. Laser processing is highly flexible and adaptable as per the components, materials, and processes. The versatile nature of lasers is the main reason for their extensive application in the automotive industry. CO2 lasers and Nd:YAG lasers are commonly used by the automotive industry for welding, cutting, drilling, and surface modification. Additionally, ultrafast lasers are capable of removing paint from composite, polymer, and metal surfaces, as well as parts with complex structures. These applications, along with the highly precise and accurate nature of the laser process, are supporting the growing adoption of ultrafast lasers in the automotive industry, thereby driving the growth of the global ultrafast laser market.

Restraints

High Cost of Ultrafast Lasers

The cost-intensive nature of ultrafast lasers is the major restraint for the growth of the global ultrafast laser market. A femtosecond laser system for eye surgery requires an initial outlay of about USD 500,000, along with a 10% service fee every year. Usually, it takes a hospital about five to six years to break even on the high initial investment, without considering marketing or additional costs for facilities. This usually leads to hospitals charging excessively high rates for surgeries. This can drive patients away from laser surgeries besides affecting the growth of the global ultrafast laser market.

Global Ultrafast Laser Market: By Laser Type

Based on laser type, the global ultrafast laser market is segmented into titanium-sapphire lasers, diode-pumped lasers, fiber lasers, and mode-locked diode lasers. Among these, the fiber lasers segment dominated the global ultrafast lasers market in 2020 and held the largest market share. The fiber lasers' dominance in the market is due to their long service life, maintenance-free nature, versatility and high adaptability for varied processes and materials, ease of integration, compact size, low sensitivity, and little to no heat damage to the objects.

Global Ultrafast Laser Market: Regional insights

Based on regions, the global ultrafast laser market is segmented into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, North America dominated the global ultrafast laser market in 2020, driven by its global leaders in automotive, biomedical, material processing, and other industries. The rise in refractive eye surgery performed in North America is another factor driving the region’smarket growth. The Pacific Vision Institute in the U.S registered an increase of 42% in refractive eye surgeries between June-August 2020 compared to the same period in 2019. The fast recovery of the automotive and healthcare sector in the U.S further supports the dominant market share of the region in the global ultrafast laser market.

Competitive landscape

Several players dominate the ultrafast laser market, with a few holding the majority of the market share. Companies operating in Global Ultrafast Laser Market compete against each other based on solutions and services provided to the customers for various applications. The key players in the ultrafast laser market are Amplitude Systemes, Attodyne Inc., Coherent Inc., DPSS Lasers Inc., Fianium Ltd., Ekspla, Laser Quantum Ltd., Clark-MXR, Inc., Epilog Laser, Fluence Sp. z o.o., IPG Photonics, JENOPTIK Laser GmbH, Jds Uniphase Corporation, NKT Photonics A/S, Preco, Inc., Resonetics, Rofin-Sinar Laser GmbH, TRUMPF GmbH + Co. KG, Lumentum Operations LLC, and other prominent players.

Recent Developments

• In July 2021, German research institute Fraunhofer IWS revealed that it is testing a 3D printing system that could be up to a thousand times faster than current mirror-based laser manufacturing technologies. According to the institute, this technology allows new alloys for use within the medical, electromobility, and aerospace sectors.

• In March 2021, TRUMPF GmbH + Co. KG launched its new TruPrint 3000 metal Additive Manufacturing machine. The machine uses Laser Beam Powder Bed Fusion (PBF-LB) technology to produce parts with a diameter of up to 300 mm and a height of up to 400 mm.

Scope of the Report

By Laser Type

• • Titanium-sapphire lasers

  • Diode-pumped lasers

  • Fiber Lasers

  • Mode-locked diode lasers

Pulse Duration

• • Picosecond

  • Femtosecond

By Application

• • Biomedical

  • Materials processing

  • Spectroscopy and imaging,

  • Science and research

  • Others

By Region

• • North America

  • Europe

  • The Asia-Pacific

  • Latin America

  • The Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Primary & Secondary Research Application
      2. Secondary Research
      3. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Ultrafast LaserMarket Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Recent Development/Technological Advancements
   4. Porter’s Five Forces Analysis
      1. Bargaining Application of Suppliers
      2. Bargaining Application of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Ultrafast LaserMarket Overview
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)        
   2. Market Share & Forecast
      1. By Laser Type
         1. Titanium-sapphire lasers
         2. Diode-pumped lasers
         3. Fiber Lasers
         4. Mode-locked diode lasers
      2. Pulse Duration
         1. Picosecond
         2. Femtosecond
      3. By Application
         1. Biomedical
         2. Materials processing
         3. Spectroscopy and imaging,
         4. Science and research
         5. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia-Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Ultrafast LaserMarket
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Laser Type
      2. Pulse Duration
      3. Application
      4. By Country
         1. United States
         2. Canada
7. Europe Ultrafast Laser Market
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Laser Type
      2. Pulse Duration
      3. Application
      4. By Country
         1. France
         2. Germany
         3. Italy
         4. Spain
         5. United Kingdom
         6. Rest of Europe
8. The Asia-Pacific Ultrafast LaserMarket
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Laser Type
      2. Pulse Duration
      3. Application
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. Latin AmericaUltrafast LaserMarket
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Laser Type
      2. Pulse Duration
      3. Application
      4. By Country
         1. Brazil
         2. Argentina
         3. Mexico
         4. Rest of Latin America
10. The Middle East & AfricaUltrafast LaserMarket
    1. Market Size & Forecast by Value, 2017-2027
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Laser Type
       2. Pulse Duration
       3. Application
       4. By Country
          1. South Africa
          2. Saudi Arabia
          3. UAE
          4. Rest of MEA
11. Competitive Landscape
    1. Company Market Share Analysis, 2020
    2. Competitive Benchmarking, By Product Offerings
    3. List of Key Players and their Offerings
12. Impact of Covid-19 across Industry
13. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Amplitude Systemes
    2. Attodyne Inc.
    3. Coherent Inc.
    4. Dpss Laser Inc.
    5. Fianium Ltd.
    6. Ekspla, Laser Quantum Ltd.
    7. Clark-MXR, Inc.
    8. Epilog Laser
    9. Fluence Sp. z o.o.
    10. IPG Photonics
    11. JENOPTIK Laser GmbH
    12. JDS Uniphase Corporation
    13. NKT Photonics A/S
    14. Preco, Inc.
    15. Resonetics
    16. Rofin-Sinar Laser GmbH
    17. TRUMPF GmbH + Co. KG
    18. Lumentum Operations LLC
    19. Other Prominent Players

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures.

Fig 1: Global Ultrafast Laser Segmentation

Fig 2: Global Ultrafast Laser Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Ultrafast Laser Market Size, By Value (USD Million), 2017-2027

Fig 5: Global Ultrafast Laser Market Share, By Laser Type, By Value, 2017-2027

Fig 6: Global Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 7: Global Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 8: Global Ultrafast Laser Market Share, By Region, By Value, 2017-2027

Fig 9: North America Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Fig 10: North America Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 11: North America Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 12: North America Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Fig 13: Europe Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Fig 14: Europe Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 15: Europe Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 16: Europe Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Fig 17: Asia-Pacific Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Fig 18: The Asia-Pacific Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 19: The Asia-Pacific Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 20: The Asia-Pacific Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Fig 21: Latin America Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Fig 22: Latin America Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 23: Latin America Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 24: Latin America Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Fig 25: The Middle East & Africa Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Fig 26: The Middle East & Africa Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Fig 27: The Middle East & Africa Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Fig 28: The Middle East & Africa Ultrafast Laser Market Share, By Country, By Value, 2017-2027

List of Tables

Table 1: Global Ultrafast Laser Market Size, By Value (USD Million), 2017-2027

Table 2: Global Ultrafast Laser Market Share, By Laser Type, By Value, 2017-2027

Table 3: Global Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 4: Global Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 5: Global Ultrafast Laser Market Share, By Region, By Value, 2017-2027

Table 6: North America Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Table 7: North America Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 8: North America Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 9: North America Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Table 10: Europe Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Table 11: Europe Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 12: Europe Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 13: Europe Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Table 14: Asia-Pacific Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Table 15: The Asia-Pacific Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 16: The Asia-Pacific Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 17: The Asia-Pacific Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Table 18: Latin America Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Table 19: Latin America Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 20: Latin America Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 21: Latin America Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Table 22: The Middle East & Africa Ultrafast Laser Market Size, By Laser Type (USD Million), 2017-2027

Table 23: The Middle East & Africa Ultrafast Laser Market Share, By Pulse Duration, By Value, 2017-2027

Table 24: The Middle East & Africa Ultrafast Laser Market Share, By Application, By Value, 2017-2027

Table 25: The Middle East & Africa Ultrafast Laser Market Share, By Country, By Value, 2017-2027

Table 26:  Amplitude SystemesFinancial Analysis

Table 27:Amplitude SystemesBusiness Overview

Table 28: Attodyne Inc. Financial Analysis

Table 29: Attodyne Inc. Business Overview

Table 30: Coherent Inc. Financial Analysis

Table 31: Coherent Inc. Business Overview

Table 32: Dpss Laser Inc. Financial Analysis

Table 33: Dpss Laser Inc. Business Overview

Table 34:  Fianium Ltd. Financial Analysis

Table 35: Fianium Ltd. Business Overview

Table 36: Ekspla, Laser Quantum Ltd. Financial Analysis

Table 37: Ekspla, Laser Quantum Ltd. Business Overview

Table 38: Clark-MXR, Inc. Financial Analysis

Table 39: Clark-MXR, Inc. Business Overview

Table 40: Epilog Laser Financial Analysis

Table 41: Epilog Laser Business Overview

Table 42: Fluence Sp. z o.o. Financial Analysis

Table 43: Fluence Sp. z o.o. Business Overview

Table 44: IPG Photonics Financial Analysis

Table 45: IPG Photonics Business Overview

Table 46: JENOPTIK Laser GmbH Financial Analysis

Table 47: JENOPTIK Laser GmbH Business Overview

Table 48: JDS Uniphase Corporation Financial Analysis

Table 49: JDS Uniphase Corporation Business Overview

Table 50: NKT Photonics A/S Financial Analysis

Table 51: NKT Photonics A/S Business Overview

Table 52: Preco, Inc. Financial Analysis

Table 53: Preco, Inc. Business Overview

Table 54: Resonetics Financial Analysis

Table 55: Resonetics Business Overview

Table 56: Rofin-Sinar Laser GmbH Financial Analysis

Table 57: Rofin-Sinar Laser GmbH Business Overview

Table 58: TRUMPF GmbH + Co. KG Financial Analysis

Table 59: TRUMPF GmbH + Co. KG Business Overview

Table 60: Lumentum Operations LLC Financial Analysis

Table 61: Lumentum Operations LLC Business Overview