Industry Background:
The rising demand for the medical industries will help to boost the global Ultrafast Laser market. The ultrafast laser market is not just growing, it is accelerating. Ultrafast lasers possess the unique ability to deliver high peak power without thermal damage which makes them better suited for biomedical and biological applications. Ultrafast lasers are ultra-short pulses of light with an electromagnetic pulse whose time duration is of the order of a picosecond or less.
According to AMA, the market for Ultrafast Laser is expected to register a CAGR of 16.6% during the forecast period to 2026. This growth is primarily driven by Rapidly growing technological advancements in laser technology and Need for Enhanced Dimensional Accuracy.
Globally, a noticeable market trend is evident Increasing demand for ultrafast fiber laser in biomedical applications for micro and nanosurgery, refractive surgery, 3D lithography, and nerve reconstruction, and surgery. The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR, Inc. (United States), Coherent Inc. (United States), DPSS Lasers Inc. (United States), EKSPLA (Lithuania), Epilog Laser (United States), IMRA America (United States.), IPG Photonics (United States) and JENOPTIK Laser GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2019, Coherent Inc. significantly expanded its Gilching, Germany micromachining, and sub-system facility in Gilching, and completed the relocation of the company’s laser marking group from nearby Gunding.
March 2019 - Trumpf's new disk laser TruDisk Pulse 421 generates laser light in the green spectrum at 515 nanometers. It operates in the pulsed mode at a mean power of 400 watts and solves the problems found when using infrared lasers to weld copper.
Market Drivers
- Rapidly growing technological advancements in laser technology
- Need for Enhanced Dimensional Accuracy
Market Trend
- Increasing demand for ultrafast fiber laser in biomedical applications for micro and nanosurgery, refractive surgery, 3D lithography, and nerve reconstruction, and surgery
Restraints
- The concern regarding the higher cost associated with ultrafast laser-based manufacturing processes
Opportunities
Government Mandates Promoting Adoption of Ultrafast Lasers
Challenges
Manufacturing Complexities Challenge the Market Growth
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ultrafast Laser Study Sheds Light on
The Ultrafast Laser Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Ultrafast Laser industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ultrafast Laser industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.