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

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

“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.

Key Segments Covered

 

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