Ultrafast Lasers Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Ultrafast Lasers Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 15.3% CAGR during the forecast period.
The Picosecond segment is showcasing a CAGR of 16.3% during (2022 - 2028). It is due to the increase in demand for manufacturing small electronics. The electronics industry is defined by its relentless pursuit of ever-increasing compactness and functionality. The production of rigid printed circuit boards (PCBs), package substrates, and thin flex circuits two essential micromachining operations—are all impacted, as are nearly all other steps of the manufacturing process for electronics.
The Medical segment acquired maximum revenue share in the Global Ultrafast Lasers Market by End User in 2021 thereby, achieving a market value of $1.2 billion by 2028. A powerful ultrafast laser is used in laser therapy to burn, cut, or otherwise damage tissue. Light amplification by stimulated emission of radiation is referred to as LASER. Neither the patient nor the medical staff are at risk from the laser light beam.
The Mode-Locked Lasers segment has shown the growth rate of 15.7% during (2022 - 2028). A laser can be made to emit pulses of light with an incredibly short duration, on the order of picoseconds or femtoseconds, by using a process called mode-locking. For instance, in contemporary refractive surgery, a laser that is controlled in this fashion is frequently referred to as a femtosecond laser. Inducing a fixed phase relationship between the longitudinal modes of the laser's resonant cavity forms the foundation of the approach.
The Micromachining segment is generating highest revenue share the Global Ultrafast Lasers Market by Application in 2021 thereby, achieving a market value of $1.1 billion by 2028. Mechanical micromachining also referred to as micromachining, is a manufacturing process that involves the subtractive production of features or objects with at least a few of their sizes in the micrometer range using mechanical microtools with geometrically specified cutting edges.
The North America market dominated the Global Ultrafast Lasers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028. The Europe market is exhibiting a CAGR of 14.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 17.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ultrafast-lasers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Lumentum Holdings, Inc., NKT Photonics A/S (NKT A/S), TRUMPF GmbH + Co. KG, Coherent, Inc.(II-VI Incorporated), IMRA America, Inc. (Aisin Corporation), Amplitude Systemes, Clark-MXR, Inc., DPSS Lasers Inc., and Wuhan Huaray Precision Laser Co., Ltd.
Global Ultrafast Lasers Market Segmentation
By Pulse Duration
By End User
• Consumer Electronics
• Aerospace & Defense
• Fiber Lasers
• Mode-Locked Lasers
• Titanium-Sapphire Lasers
• Scientific Research
• Medical Device Fabrication
• Cardiovascular Stent Manufacturing
• Rest of North America
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Lumentum Holdings, Inc.
• NKT Photonics A/S (NKT A/S)
• TRUMPF GmbH + Co. KG
• Coherent, Inc.(II-VI Incorporated)
• IMRA America, Inc. (Aisin Corporation)
• Amplitude Systemes
• Clark-MXR, Inc.
• DPSS Lasers Inc.
• Wuhan Huaray Precision Laser Co., Ltd.