Ultrafast Laser Market Growth and COVID-19 Impact Analysis by 2031 | Fact.MR

The worldwide ultrafast laser market is expected to be worth US$ 1.4 Bn in 2021. According to Fact.MR, the global market value will total US$ 5.2 Bn by 2031, expanding at an astounding 14% CAGR across the 2021-2031 forecast period. Ultrafast lasers have become critical across automotive, medical devices, and consumer electronics industries, due to imparting of enhanced dimensional precision.

The market experienced impressive growth during the historical period ranging from 2016 to 2020, registering a CAGR worth 10%. As manufacturing activities experienced major downturns during the height of COVID-19, sales of ultrafast lasers temporarily contracted. Fortunately, this was short-lived, with extensive vaccination drive implementation across major countries permitting a resumption of on-site production operations since Q4 2020.

Demand from the consumer electronics domain is expected to remain especially prominent. By 2023, it is likely that spending on consumer electronics will reach over 30% globally. Hence, players are introducing new product lines to tap this opportunity. For instance, in November 2020, TeraXion launched the PowerSpectrumTM TPSR-Xtended tunable pulse stretcher for high-energy ultrafast lasers, which increases stretching by up to 50%.

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Ultrafast Laser Market – Scope of Report:

A latest publication by Fact.MR on the global Ultrafast Laser market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Ultrafast Laser market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Ultrafast Laser supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape

Prominent ultrafast laser providers are leveraging such expansion strategies as introducing new technologically enhanced lasers for specific end use industries, expanding their virtual footprint and forging collaborative and acquisition agreements with other manufacturers.

  • EKSPLA, a developer of solid-state lasers, laser systems, and optoelectronics for fundamental research and industrial applications, unveiled the FemtoLux green, a lightweight femtosecond fiber laser, in February 2019. This ultrafast laser delivers 1.5 W at 515 nm or 3 W at 1030 nm of average power and up to 3 µJ femtosecond pulse energy
  • In May 2021, Coherent Inc. announced the introduction of a new website aimed at strengthening existing customer relationships and forging new ones. This revamped websites includes new tabs detailing customer success stories, a new resources center, a direct link to its product catalogue, and improved accessibility for visitors with disabilities

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Report benefits & key questions answered

  • Post covid consumer spending on Ultrafast Laser: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
  • Ultrafast Laser demand outlook: the market intelligence study reports highlights the factor propelling the demand for Ultrafast Laser. As per the study, the demand for Ultrafast Laser will grow through 2031.
  • Ultrafast Laser historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
  • Ultrafast Laser consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Ultrafast Laser Market Segmentations:

  • Type

    • Ultrafast Titanium-Sapphire Lasers
    • Ultrafast Mode-Locked Diode-Pumped Bulk Lasers
    • Ultrafast Fiber Lasers
    • Ultrafast Mode-Locked Dye Lasers
    • Ultrafast Mode-Locked Diode Lasers
    • Other Ultrafast Laser Types
  • Pulse Duration

    • Picosecond Ultrafast Lasers
    • Femtosecond Ultrafast Lasers
  • End Use

    • Ultrafast Lasers for Consumer Electronics
    • Ultrafast Lasers for Healthcare & Life Science
    • Ultrafast Lasers for Automotive
    • Ultrafast Lasers for Aerospace and Defense
    • Ultrafast Lasers for Industrial Uses
    • Ultrafast Lasers for Research & Academics
  • Application

    • Ultrafast Lasers for Micromachining
      • Flat Panel Display Manufacturing
      • Thin Film Micromachining
      • Two-photon Polymerization
      • Precision Micromachining
      • Others
    • Ultrafast Lasers for Medical Applications
      • Medical Device Fabrication
      • Cardiovascular Stent Manufacturing
      • Laser Eye Surgery
      • Others
    • Ultrafast Lasers for Bio-Imaging
      • Multiphoton Microscopy
      • Multimodal Imaging
      • Others
    • Ultrafast Lasers for Scientific Research
      • Multi-dimensional Spectroscopy
      • THz Spectroscopy
      • Coherent Control
      • High Harmonic Generation, EUV
      • Others

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