Long-Term Innovations: Ultrafast Lasers and IoT Integration Set to Transform Industries

The use of ultrashort pulses of ultrafast lasers, with their high precision, extremely small heat-affected zones, combined with outstanding beam quality, leads to material changes that find applications from materials processing to very advanced medical procedures.

Ultrafast laser market has gained huge growth over the years. In 2022, it stood at US$ 1,872.3 million and is likely to reach a really mushrooming value of US$ 7,029.32 million by 2032, growing with a venerable CAGR of 14.1%. In the year 2021, ultrafast lasers constituted a market share just short of 10% of the global laser market share, which is an indicator of rising importance and adoption by different industries.

Regional Break Down

Distribution of the ultrafast lasers market transcends topographical regions in the globe. Market share in North America was around 20.6% in 2022, with a market value of US$ 385.6 million. Europe contributed to the market shares amounting to US$ 451.1 million, accounting for 24.1%. The contribution in China was 14.8%, that is, the market value in China was US$ 276.9 million.

Market Dynamic and its Applications

Materials Processing: For materials processing, ultrafast lasers are considered an excellent alternative to traditional laser cutting technology. This is because, apart from its precision, the technology reduces production costs and thus increases production. This helps in manufacturing and industrial applications.

Medical Applications: The high precision in medical treatment is one of the obvious reasons for ultrafast lasers being in very high demand in this sector. They are used in a number of procedures: cancer treatment, X-ray making, surgery —all of this ensures better outcomes for patients and modern methods in medicine.

Micromachining: micromachining is an application of ultrafast lasers that is experiencing high demand. The highly detailed and precise work they perform works in favor of market growth and caters to the needs of many process-involved industries that require fine machining.

Key Companies Profiled

Amplitude Laser Group
Coherent Inc.
EKSPLA
JDS Uniphase Corporation (VIAVI Solutions)
Jenoptik AG
Laser Quantum (Novanta Technologies UK Limited)
MKS Instruments Inc.
NKT Photonics A/S
IPG Photonics
TRUMPF Laser GmbH + Co. KG

Competitive Landscape

The global ultrafast laser market is very competitive and includes regional and local companies. Leading companies in the market concentrate their efforts toward new product development and invest significantly in R&D activities and collaboration, which supports the growth of the market.

The prominent manufacturers of ultrafast lasers are now indulging in business expansions through various methods, such as collaborating with other manufacturers to develop new technologically advanced lasers targeting an end specifically, whereas other manufacturers are entering purchasing agreements.

In October 2021, Han`s Laser cooperated with China International Marine Containers (CIMC) in speeding up smart manufacturing.
From 2020 onwards, EKSPLA is the developer of laser systems, solid-state lasers, and optoelectronics and is customizing its product portfolio by the introduction of a new technology called Extreme Light Infrastructure Attosecond Light Pulse Source LI-ALPS.

Last May 2021, Coherent Inc. announced an all new website designed to not only improve existing customer relations and in the process develop new ones. This new website now has new tabs that provide records of customer success stories, a new resource center, a direct link to its product catalog, with enhanced features accessible to visitors with disabilities

How big is the global Ultrafast Lasers market?

The ultrafast laser is valued at over US$ 1,872.3 million in 2022 on a global scale and is projected to grow at 14.1% CAGR to reach US$ 7,029.32 million value by 2032.

What one used ultrafast lasers for?

Ultrafast Laser Applications: Materials Processing—more accurate and cost-effective; Medical Applications—used within the field for treating cancer, X-ray production, and surgery; Micromachining—producing accurate micron-scale features; Automotive Industry—conditioning of engine parts, micro-structuring; Consumer Electronics—establishing complex components, including microprocessors or displays.

How big is the femtosecond laser market?

The femtosecond laser market is a part of the ultrafast laser market. While the report does not outline the exact size of the market, this segment is a significant portion thereof, measured at US$ 1,872.3 million by the end of 2022, and it is expected to reach US$ 7,029.32 million by 2032. This automotive end-use femtosecond laser-tipped segment will grow at an estimated CAGR of 13.7%.