Ultrafast Lasers Market to 2028 –Global Analysis – by Type (Diode-Pumped Lasers, Mode-Locked Diode Lasers, Titanium-Sapphire Lasers, and Fiber Lasers), Pulse Duration (Picosecond and Femtosecond), and Application (Consumer Electronics, Industrial, Automotive, and Medical & Scientific)
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Several research and development (R&D) centers are being developed to fasten the advancement in the field of laser technology. Government institutions in countries located in Europe and Asia have made significant investment in R&D directed toward high intensity lasers. In Asia Pacific, in India, the International Advanced Centre for Powder Metallurgy & New Materials (ARCI), an independent research and development center of Department of Science and Technology (DST), has developed ultrafast laser surface texturing technology that will help in improving the fuel competence of internal combustion engines. Similarly, the Indian Institute of Technology (IIT), Kanpur (a city in UP, India), has a dedicated department, The Center for Lasers and Photonics (CELP) is an interdisciplinary center of excellence that combines advance technology from engineering and theoretical advances in science to create new horizons in the field of photonics science and engineering. In China, Xi'an Institute of Optics and Precision Mechanics (XIOPM) is yet another prominent institute partnered with the American Association for the Advancement of Science (AAAS) in 2020 to release a journal named Ultrafast Science. The journal talks about high-quality research cutting-edge and emerging topics in ultrafast science. Such initiatives by government and autonomous institutes are driving the ultrafast lasers market growth.
Although the ultrafast laser offers several benefits such as enhanced dimensional accuracy and tighter tolerances, reduced collateral damage, and elimination of post-processing steps, however, due to the high cost of procurement, its adoption in small and medium-sized manufacturing enterprises is low. Nevertheless, the ultrafast laser manufacturers are working hard to lower the overall cost of procuring ultrafast laser machines. Also, the cost per watt of output power has reduced substantially with the emergence of new entrants in the market, and there has been significant market consolidation through acquisitions. Therefore, these collective efforts by the market players are expected to remarkably reduce the overall impact of the restraint on the market during the forecast period. This will lead to the higher adoption of ultrafast laser system in various applications, such as marking, wielding, cutting, and surgeries.
Laser pumping has significant importance owing to the development of high-power diode lasers that are available in several wavelength. Diode pumped laser can be categorized into four categories—single stripe, diode array, diode bar, and diode stack. Single stripe diode laser produces less than 100mW of power. However, diode array has the capability to achieve higher output power. In addition, with the small size and its long life, this type of ultrafast laser has highest level of wall-plug efficiency with any known laser source. Some of the companies offering diode-pumped laser are Coherent Inc. and IPG Photonics. The diode-pumped lasers are widely used in medical and industrial application areas. These high-performance lasers have output power of as high as 20 W, and therefore offer several performance benefits specifically for precision application including disk texturing, marking, and resister trimming.
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A few key players in the global ultrafast lasers market are Amplitude Laser; Coherent, Inc.; NKT Photonics A/S; Spark Lasers; Fluence; Wuhan Huaray Precision Laser Co.,Ltd.; Jenoptik AG; KMLabs; Laser Quantum; and Clark-MXR, Inc., which were profiled in this report. The players in the market are focused on product developments and innovations. For instance, in 2020, Coherent Inc., announced a supply agreement with II‐VI Incorporated to enable faster process development and streamlined production services for automotive laser welding applications. Similar strategy is followed by other key players in the market that has helped them remain in the top position in the global market. In addition to these ten players profiled in the report, there are several other global, regional, and local players in the ultrafast lasers market ecosystem/value chain that were studied and analyzed during this study to gain a holistic view of the global market size and growth trends. A few of these players include AMS Technologies, EKSPLA, IPG Photonics Corporation, Lumentum Operations LLC, and MKS Instruments, Inc.
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