Ultrafast Mode-Locked Diode Lasers Industry Is Slated To Be Valued At US$ 5.2 Bn By The End Of 2031

Industry Insights

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.

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Key Takeaways from the Market Study

  • China to account for 30% of the total ultrafast laser market share
  • U.S. to generate absolute opportunity worth US$ 1.1 Bn across the forecast period
  • Micromachining applications to expand fastest, growing at a 14% CAGR
  • Ultrafast fiber laser to capture 42% of global revenue until 2031
  • By end use, consumer electronics manufacturing to account for over 60% revenue
  • Medical ultrafast lasers to clock a CAGR worth 13% from 2021 to 2031
  • Global ultrafast laser industry to expand 3.7x across the assessment period

“Prominent end use industries are looking to streamline manufacturing operations, in an attempt to synchronize supply with demand, prompting the adoption of precision-based ultrafast laser cutting and shaping technologies,” says a Fact.MR analyst.

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

Key Segments Covered

  • 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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