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Market ScenarioUltrafast lasers produce short pulses of light, which are less than one picosecond. The global Ultrafast Laser Market is projected to expand at a CAGR of 20 % during the study period 2017 to 2023.
Market Dynamics
Attractive Advantages And Applications Expanse Is The Prime Determinant Of The Market
Ultrafast lasers have a pulse duration of less than the target material's conduction time, which makes possible cold machining of parts, with material being removed by sublimation. Other processes cannot produce cold machining. The advantages include near-zero heat effect, minimal burring and debris, high dimensional accuracy, ability to provide high-quality small features, and others. Thus, the ultrafast laser can be used for processing materials where thermal influence must be minimized such as drilling metals and cutting wafers, polymeric stents, and display glass.
Faster Adoption Of Ultrafast Lasers In An Array Of Fields Is The Prime Market Determinant
Ultrafast lasers are well suited for suited for biomedical and biological applications owing to their ability to deliver high peak power withy minimum thermal damage. Demand for highly sensitive and dimensionally correct machining is another driver of the market. Advancements in picosecond laser with high pulse energies and high average powers master oscillator power amplifier have resulted in the development of high tech systems. The configuration of a passively mode-locked fiber laser with disk laser results in monolithically integrated, cost-effective, and reliable source for low-power and low-pulse-energy picosecond pulses. Increasing deployment of ultrafast lasers in science and research and advancements in materials and laser is driving the ultrafast laser market.
High Cost And Nascent Stage Of Technology Is Driving A Fast Market
Ultrafast lasers are costly and maintenance intensive systems. This coupled with the nascent stage of technology is hampering the market.
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Segments
The global ultrafast laser market is segmented by type, pulse duration, and application. The application segment is classified into biomedical, materials processing, spectroscopy & imaging, science & research, and others. The biomedical sub-segment is expected to hold a major share of the global ultrafast laser market whereas, science and research sub-segment is expected to grow at a significant rate during the forecast period. This is owing to the increasing demand for ultrafast lasers and growing demand for advanced ultrafast lasers across various applications. However, the lack of awareness and technical complexities involved are major factors that could hinder the growth of global ultrafast laser market.
Key Players:
Some of the prominent players in the global ultrafast laser market are 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.) among others.
Regional Analysis
North America led by the U.S. accounts for the most significant share of the market due to rising technological enhancements, a well-established infrastructure, which allows faster implementation of advanced technologies and growing adoption of ultrafast lasers. Europe is dominated by Germany, France, and the U.K. owing to increasing adoption of ultrafast lasers across different applications such as biological, biomedical, and science & research.
The Asia Pacific region is projected to expand at the fastest rate led by Japan, China, and India. The Middle East and Africa region are dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Government Bodies
• Ultrasoft Laser Manufacturers
• Ultrasoft Laser Providers
• Consulting service providers
• Technology Providers
• System integrators
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 443113
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