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2021
Ultrafast Lasers Market

Ultrafast Lasers Market

By Type (Titanium Sapphire Lasers, Fiber Lasers, Mode-locked Lasers, and Others), Pulse Duration (Picosecond and Femtosecond), Application (Micromachining, Bio-Imaging, Scientific Research, Medical Device Fabrication, Cardiovascular Stent Manufacturing, and Others), and End User (Consumer Electronics, Medical, Automotive, Aerospace & Defense, Industrial, and Others): Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A12544
Jul 2021 | Pages: 300
Tables: 148
Charts: 79
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Ultrafast Lasers Market Outlook – 2030 

The global ultrafast lasers market size was valued at $1.47 billion in 2020, and is projected to reach $5.18 billion by 2030, registering a CAGR of 15.0% from 2021 to 2030. Ultrafast lasers are lasers that generate short pulses of light, typically less than one picosecond. Its unique characteristics has paved way for material processing that employ ultrashort pulse widths and extremely high peak intensities. These lasers offer the benefit of removing material without substantial transfer of energy to the surrounding areas, which can have profound benefits in materials ranging from biological tissue to dielectrics to metals. 

The COVID-19 pandemic has positively influenced the medical segment.

Currently, it finds its applications for both fundamental research and practical uses. Some of the major uses of ultrafast lasers are in 3D photonic devices, data storage applications, 3D microfludics & optofluidics, and glass bonding. Several niche applications such as resistor trimming, memory repair, hard-disk texturing, and rapid prototyping are feasible using ultrafast lasers. In addition, ultrafast lasers are versatile, as it can operate in the infrared, visible, and shorter ultraviolet range.

Global-Ultrafast-Lasers-Market

Ultrafast lasers enable high dimensional accuracy, micromachining is the prime reason that drives the growth of the ultrafast lasers market during the forecast period. Further, surge in demand for compact-sized consumer electronics accelerates the growth of the market. Moreover, compatibility with broad range of materials is opportunistic for the market growth. Considering these factors, the ultrafast lasers market trends are estimated to witness substantial growth in the future. However, the market is estimated to recover by the mid of 2022 with technological advancements. Market players are deploying strategies to boost the market growth during the forecast period. 

Rise in demand for precision engineering in defense sector is expected to offer lucrative growth opportunities for the market during the forecast period. However, high cost of technology hampers the market growth during the forecast period. Besides, some of the other factors attributing to the market growth are high beam quality, eco-friendly technology, simple to automate, and increased adoption of laser surgeries. 

The global ultrafast lasers market growth has been significantly impacted by the COVID-19 outbreak. Various countries across the globe deployed partial or complete lockdown, which resulted in unavailability of workforces. Subsequently, production facilities were temporarily halted. Furthermore, government-imposed travel bans hamper the supply chain significantly. These factors attributed to the slowed growth of ultrafast lasers industry during the pandemic.

Ultrafast Lasers Market
By Type

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Mode-Locked Lasers segment is projected to be the most lucrative segment

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Segment Overview

The ultrafast lasers market is segmented on the basis of type, pulse duration, application, end user, and region. On the basis of type, the market is fragmented into titanium sapphire lasers, fiber lasers, mode locked lasers, and others. The mode-locked lasers are further classified into diode-pumped bulk lasers, dye lasers, and diode lasers. The fiber lasers segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. On the basis of pulse duration, the market is segregated into picosecond and femtosecond. The femtosecond segment dominated the market, in terms of revenue in 2020, and is anticipated to witness significant market share during the forecast period. 

Ultrafast Lasers Market
By Pulse Duration

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Femtosecond segment will dominate the market throughout the forecast period

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By application, the market is divided into micromachining, bio-imaging, scientific research, medical device fabrication, cardiovascular stent manufacturing, and others. The market share for the bio-imaging segment was highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030. By end user, the market is divided into consumer electronics, medical, automotive, aerospace & defense, industrial, and others. The market share for the medical segment was highest in 2020, and the consumer electronics segment is expected to grow at a high CAGR from 2021 to 2030.

Ultrafast Lasers Market
By Application

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Micromachining segment will lead the market with a highest growth rate of 17.5%

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Top Impacting Factors

Significant factors that impact the growth of the ultrafast lasers market include compatibility with broad range of materials, surge in demand for compact-sized consumer electronics, and ultrafast lasers enables high dimensional accuracy micromachining. However, high cost of technology hampers the market growth. On the contrary, rise in demand for precision engineering in defense sector is expected to offer lucrative opportunities for the ultrafast lasers market during the forecast period.

Ultrafast Lasers Market
By End User

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Medical segment will maintain the leading position during the forecast period

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Competitive Analysis

Competitive analysis and profiles of the major ultrafast lasers market players such as Amplitude Systemes, Attodyne Inc., Coherent Inc., Dpss Laser Inc., Fianium Ltd., IMRA America Inc., Jds Uniphase Corporation, Lumentum Operations LLC, TRUMPF, and Wuhan Huaray Precision Laser Co. Ltd. are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.  

Ultrafast Lasers Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

North America region would exhibit the highest CAGR of 17.0% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the ultrafast lasers market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall ultrafast lasers market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current ultrafast lasers market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the ultrafast lasers market share of key vendors and market trends.

Ultrafast Lasers Market Key Segments

By Type

  • Titanium-Sapphire Lasers
  • Fiber Lasers
  • Mode-Locked Lasers
  • Diode-Pumped Bulk Lasers
  • Dye Lasers
  • Diode Lasers
  • Others

By Pulse Duration

  • Picosecond
  • Femtosecond

By Application

  • Micromachining
  • Bio-Imagin
  • Scientific Research
  • Medical Device Fabrication
  • Cardiovascular Stent Manufacturing
  • Others

By End User

  • Consumer Electronics
  • Medical
  • Automotive
  • Aerospace & Defense
  • Industrial
  • Others

Key Market Players

  • Amplitude Systemes
  • Attodyne Inc.
  • Coherent Inc.
  • Dpss Laser Inc.
  • Fianium Ltd.
  • IMRA America Inc.
  • Jds Uniphase Corporation
  • Lumentum Operations LLC
  • TRUMPF
  • Wuhan Huaray Precision Laser Co. Ltd.

Ultrafast Lasers Market Report Highlights

Aspects Details
By Type
  • Titanium-Sapphire Lasers
  • Fiber Lasers
  • Mode-Locked Lasers
  • Diode-Pumped Bulk Lasers
  • Dye Lasers
  • Diode Lasers
  • Others
By Pulse Duration
  • Picosecond
  • Femtosecond
By Application
  • Micromachining
  • Bio-Imagin
  • Scientific Research
  • Medical Device Fabrication
  • Cardiovascular Stent Manufacturing
  • Others
By End User
  • Consumer Electronics
  • Medical
  • Automotive
  • Aerospace & Defense
  • Industrial
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players DPSS Lasers Inc., Wuhan Huaray Precision Laser Co., Ltd., Fluence sp. z o.o., IMRA America, Inc., Amplitude Laser Group, Hamamatsu Photonics K.K., Lumentum Holdings Inc., Coherent, Inc., NKT Photonics A/S, TRUMPF Group
 

Chapter 1:Introduction

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

Chapter 2:Executive summary

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

Chapter 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping ultrafast lasers market
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Ultrafast lasers enables high dimensional accuracy micromachining
3.3.1.2.Compatibility with broad range of materials
3.3.1.3.Surge in demand for compact-sized consumer electronics

3.3.2.Restraint

3.3.2.1.High cost of technology

3.3.3.Opportunities

3.3.3.1.Rise in demand for precision engineering in defense sector

3.4.COVID-19 impact analysis on the ultrafast lasers market

3.4.1.Impact on market size
3.4.2.End user trends, preferences, and budget impact
3.4.3.Key player strategy

3.4.3.1.Limited investments for R&D
3.4.3.2.Focus on next-generation products
3.4.3.3.Shift toward agile supply chain model

3.4.4.Opportunity window due to COVID-19 outbreak
3.4.5.Economic impact

Chapter 4:ULTRAFAST LASERS MARKET, BY type

4.1.Overview
4.2.Titanium-sapphire lasers

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Fiber lasers

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Mode-locked lasers

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Diode-pumped bulk lasers
4.4.3.Dye lasers
4.4.4.Diode lasers
4.4.5.Market size and forecast, by region
4.4.6.Market analysis, by country

4.5.Other lasers

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

Chapter 5:ULTRAFAST LASERS MARKET, BY pulse duration

5.1.Overview
5.2.Picosecond

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Femtosecond

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

Chapter 6:ULTRAFAST LASERS MARKET, BY application

6.1.Overview
6.2.Micromachining

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Bio-imaging

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Scientific research

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Medical device fabrication

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.Cardiovascular stent manufacturing

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

6.7.Others

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country

Chapter 7:ULTRAFAST LASERS MARKET, BY end user

7.1.Overview
7.2.Consumer electronics

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Medical

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Automotive

7.4.1.Key market trends, growth factors, and opportunities.
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

7.5.Aerospace & defense

7.5.1.Key market trends, growth factors, and opportunities.
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country

7.6.Industrial

7.6.1.Key market trends, growth factors, and opportunities.
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country

7.7.Others

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market analysis, by country

Chapter 8:ULTRAFAST LASERS MARKET, BY Region

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by type
8.2.3.Market size and forecast, by pulse duration
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by end user
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by type
8.2.6.1.2.Market size and forecast, by pulse duration
8.2.6.1.3.Market size and forecast, by application
8.2.6.1.4.Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by type
8.2.6.2.2.Market size and forecast, by pulse duration
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by end user

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by type
8.2.6.3.2.Market size and forecast, by pulse duration
8.2.6.3.3.Market size and forecast, by application
8.2.6.3.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by type
8.3.3.Market size and forecast, by pulse duration
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by end user
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by type
8.3.6.1.2.Market size and forecast, by pulse duration
8.3.6.1.3.Market size and forecast, by application
8.3.6.1.4.Market size and forecast, by end user

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by type
8.3.6.2.2.Market size and forecast, by pulse duration
8.3.6.2.3.Market size and forecast, by application
8.3.6.2.4.Market size and forecast, by end user

8.3.6.3.Italy

8.3.6.3.1.Market size and forecast, by type
8.3.6.3.2.Market size and forecast, by pulse duration
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by end user

8.3.6.4.France

8.3.6.4.1.Market size and forecast, by type
8.3.6.4.2.Market size and forecast, by pulse duration
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by end user

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by type
8.3.6.5.2.Market size and forecast, by pulse duration
8.3.6.5.3.Market size and forecast, by application
8.3.6.5.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by type
8.4.3.Market size and forecast, by pulse duration
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by end user
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by type
8.4.6.1.2.Market size and forecast, by pulse duration
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by end user

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by type
8.4.6.2.2.Market size and forecast, by pulse duration
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by end user

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by type
8.4.6.3.2.Market size and forecast, by pulse duration
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by end user

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by type
8.4.6.4.2.Market size and forecast, by pulse duration
8.4.6.4.3.Market size and forecast, by application
8.4.6.4.4.Market size and forecast, by end user

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by type
8.4.6.5.2.Market size and forecast, by pulse duration
8.4.6.5.3.Market size and forecast, by application
8.4.6.5.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by type
8.5.3.Market size and forecast, by pulse duration
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by end user
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by type
8.5.6.1.2.Market size and forecast, by pulse duration
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by end user

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by type
8.5.6.2.2.Market size and forecast, by pulse duration
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by end user

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by type
8.5.6.3.2.Market size and forecast, by pulse duration
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by end user

Chapter 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Key player positioning, 2020

9.2.Competitive dashboard
9.3.Competitive heatmap
9.4.Product mapping
9.5.Top winning strategies

9.5.1.Top winning strategies, by year
9.5.2.Top winning strategies, by development
9.5.3.Top winning strategies, by company

Chapter 10:Company profiles

10.1.Amplitude Laser Group

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio

10.2.Coherent, Inc.

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.R&D expenditure
10.2.7.Business performance
10.2.8.Key strategic moves and developments

10.3.DPSS Lasers Inc.

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio

10.4.Fluence sp. z o.o.

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio

10.5.Hamamatsu Photonics K.K.

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance

10.6.IMRA America, Inc.

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio

10.7.Lumentum Holdings Inc.

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.R&D expenditure
10.7.7.Business performance

10.8.NKT Photonics A/S

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.Business performance
10.8.7.Key strategic moves and developments

10.9.TRUMPF Group

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.R&D expenditure
10.9.7.Business performance

10.10.Wuhan Huaray Precision Laser Co., Ltd.

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D expenditure
10.10.7.Business performance
10.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.ULTRAFAST LASERS MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 02.ULTRAFAST LASERS MARKET, BY MODE-LOCKED LASERS, 2020–2030 ($MILLION)
TABLE 03.ULTRAFAST LASERS MARKET FOR TITANIUM-SAPPHIRE LASERS, BY REGION 2020–2030 ($MILLION)
TABLE 04.ULTRAFAST LASERS MARKET FOR FIBER LASERS, BY REGION 2020–2030($MILLION)
TABLE 05.ULTRAFAST LASERS MARKET FOR MODE-LOCKED LASERS, BY REGION 2020–2030($MILLION)
TABLE 06.ULTRAFAST LASERS MARKET FOR OTHER LASERS, BY REGION 2020–2030($MILLION)
TABLE 07.ULTRAFAST LASERS MARKET, BY PULSE DURATION, 2020–2030 ($MILLION)
TABLE 08.PICOSECOND ULTRAFAST LASERS MARKET, BY REGION 2020–2030 ($MILLION)
TABLE 09.FEMTOSECOND ULTRAFAST LASERS MARKET, BY REGION 2020–2030($MILLION)
TABLE 10.ULTRAFAST LASERS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 11.ULTRAFAST LASERS MARKET FOR MICROMACHINING, BY REGION 2020–2030($MILLION)
TABLE 12.ULTRAFAST LASERS MARKET FOR BIO-IMAGING, BY REGION 2020–2030($MILLION)
TABLE 13.ULTRAFAST LASERS MARKET FOR SCIENTIFIC RESEARCH, BY REGION 2020–2030($MILLION)
TABLE 14.ULTRAFAST LASERS MARKET FOR MEDICAL DEVICE FABRICATION, BY REGION 2020–2030($MILLION)
TABLE 15.ULTRAFAST LASERS MARKET FOR CARDIOVASCULAR STENT MANUFACTURING, BY REGION 2020–2030($MILLION)
TABLE 16.ULTRAFAST LASERS MARKET FOR OTHERS, BY REGION 2020–2030($MILLION)
TABLE 17.ULTRAFAST LASERS MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 18.ULTRAFAST LASERS MARKET FOR CONSUMER ELECTRONICS, BY REGION 2020–2030($MILLION)
TABLE 19.ULTRAFAST LASERS MARKET FOR MEDICAL, BY REGION 2020–2030($MILLION)
TABLE 20.ULTRAFAST LASERS MARKET FOR AUTOMOTIVE, BY REGION 2020–2030($MILLION)
TABLE 21.ULTRAFAST LASERS MARKET FOR AEROSPACE & DEFENSE, BY REGION 2020–2030($MILLION)
TABLE 22.ULTRAFAST LASERS MARKET FOR INDUSTRIAL, BY REGION 2020–2030($MILLION)
TABLE 23.ULTRAFAST LASERS MARKET FOR OTHERS, BY REGION 2020–2030($MILLION)
TABLE 24.NORTH AMERICA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 25.NORTH AMERICA ULTRAFAST LASERS MARKET, BY MODE-LOCKED LASERS, 2020–2030 ($MILLION)
TABLE 26.NORTH AMERICA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 27.NORTH AMERICA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 28.NORTH AMERICA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 29.U.S. ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 30.U.S. ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 31.U.S. ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 32.U.S. ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 33.CANADA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 34.CANADA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 35.CANADA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 36.CANADA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 37.MEXICO ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 38.MEXICO ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 39.MEXICO ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 40.MEXICO ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 41.EUROPE ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 42.NORTH AMERICA ULTRAFAST LASERS MARKET, BY MODE-LOCKED LASERS, 2020–2030 ($MILLION)
TABLE 43.EUROPE ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 44.EUROPE ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 45.EUROPE ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 46.UK ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 47.UK ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 48.UK ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 49.UK ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 50.GERMANY ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 51.GERMANY ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 52.GERMANY ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 53.GERMANY ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 54.ITALY ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 55.ITALY ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 56.ITALY ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 57.ITALY ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 58.FRANCE ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 59.FRANCE ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 60.FRANCE ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 61.FRANCE ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 62.REST OF EUROPE ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 63.REST OF EUROPE ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 64.REST OF EUROPE ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 65.REST OF EUROPE ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 66.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 67.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY MODE-LOCKED LASERS, 2020–2030 ($MILLION)
TABLE 68.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 69.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 70.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 71.CHINA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 72.CHINA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 73.CHINA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 74.CHINA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 75.JAPAN ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 76.JAPAN ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 77.JAPAN ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 78.JAPAN ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 79.INDIA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 80.INDIA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 81.INDIA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 82.INDIA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 83.SOUTH KOREA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 84.SOUTH KOREA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 85.SOUTH KOREA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 86.SOUTH KOREA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 87.REST OF ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 88.REST OF ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 89.REST OF ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 90.REST OF ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 91.LAMEA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 92.LAMEA ULTRAFAST LASERS MARKET, BY MODE-LOCKED LASERS, 2020–2030 ($MILLION)
TABLE 93.LAMEA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 94.LAMEA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 95.LAMEA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 96.LATIN AMERICA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 97.LATIN AMERICA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 98.LATIN AMERICA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 99.LATIN AMERICA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 100.MIDDLE EAST ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 101.MIDDLE EAST ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 102.MIDDLE EAST ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 103.MIDDLE EAST ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 104.AFRICA ULTRAFAST LASERS MARKET, BY TYPE 2020–2030($MILLION)
TABLE 105.AFRICA ULTRAFAST LASERS MARKET, BY PULSE DURATION 2020–2030($MILLION)
TABLE 106.AFRICA ULTRAFAST LASERS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 107.AFRICA ULTRAFAST LASERS MARKET, BY END USER 2020–2030($MILLION)
TABLE 108.AMPLITUDE LASER GROUP: COMPANY SNAPSHOT
TABLE 109.AMPLITUDE LASER GROUP: OPERATING SEGMENTS
TABLE 110.AMPLITUDE LASER GROUP: PRODUCT PORTFOLIO
TABLE 111.COHERENT, INC.:KEY EXECUTIVES
TABLE 112.COHERENT, INC.: COMPANY SNAPSHOT
TABLE 113.COHERENT, INC.: OPERATING SEGMENTS
TABLE 114.COHERENT, INC.: PRODUCT PORTFOLIO
TABLE 115.COHERENT, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116.DPSS LASERS INC.:KEY EXECUTIVES
TABLE 117.DPSS LASERS INC.: COMPANY SNAPSHOT
TABLE 118.DPSS LASERS INC.: OPERATING SEGMENTS
TABLE 119.DPSS LASERS INC.: PRODUCT PORTFOLIO
TABLE 120.FLUENCE:KEY EXECUTIVES
TABLE 121.FLUENCE: COMPANY SNAPSHOT
TABLE 122.FLUENCE: OPERATING SEGMENTS
TABLE 123.FLUENCE: PRODUCT PORTFOLIO
TABLE 124.HAMAMATSU PHOTONICS K.K.:KEY EXECUTIVES
TABLE 125.HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT
TABLE 126.HAMAMATSU PHOTONICS K.K.: OPERATING SEGMENTS
TABLE 127.HAMAMATSU PHOTONICS K.K.: PRODUCT PORTFOLIO
TABLE 128.IMRA AMERICA, INC.: COMPANY SNAPSHOT
TABLE 129.IMRA AMERICA, INC.: OPERATING SEGMENTS
TABLE 130.IMRA AMERICA, INC.: PRODUCT PORTFOLIO
TABLE 131.LUMENTUM:KEY EXECUTIVES
TABLE 132.LUMENTUM: COMPANY SNAPSHOT
TABLE 133.LUMENTUM: OPERATING SEGMENTS
TABLE 134.LUMENTUM: PRODUCT PORTFOLIO
TABLE 135.NKT PHOTONICS:KEY EXECUTIVES
TABLE 136.NKT PHOTONICS: COMPANY SNAPSHOT
TABLE 137.NKT PHOTONICS: OPERATING SEGMENTS
TABLE 138.NKT PHOTONICS: PRODUCT PORTFOLIO
TABLE 139.NKT PHOTONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140.TRUMPF GROUP:KEY EXECUTIVES
TABLE 141.TRUMPF GROUP: COMPANY SNAPSHOT
TABLE 142.TRUMPF GROUP: OPERATING SEGMENTS
TABLE 143.TRUMPF GROUP: PRODUCT PORTFOLIO
TABLE 144.WUHAN HUARAY PRECISION LASER CO., LTD.:KEY EXECUTIVES
TABLE 145.WUHAN HUARAY PRECISION LASER CO., LTD.: COMPANY SNAPSHOT
TABLE 146.WUHAN HUARAY PRECISION LASER CO., LTD: OPERATING SEGMENTS
TABLE 147.WUHAN HUARAY PRECISION LASER CO., LTD: PRODUCT PORTFOLIO
TABLE 148.WUHAN HUARAY PRECISION LASER CO., LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW THREAT OF NEW ENTRANTS
FIGURE 08.LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.ULTRAFAST LASERS MARKET, BY TYPE, 2020–2030
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR TITANIUM-SAPPHIRE LASERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR FIBER LASERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR MODE-LOCKED LASERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR OTHER LASERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 16.ULTRAFAST LASERS MARKET, BY PULSE DURATION, 2020–2030
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF PICOSECOND ULTRAFAST LASERS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF FEMTOSECOND ULTRAFAST LASERS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 19.ULTRAFAST LASERS MARKET, BY APPLICATION, 2020–2030
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF MICROMACHINING ULTRAFAST LASERS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF BIO-IMAGING ULTRAFAST LASERS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SCIENTIFIC RESEARCH ULTRAFAST LASERS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR MEDICAL DEVICE FABRICATION, BY COUNTRY,  2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR CARDIOVASCULAR STENT MANUFACTURING, BY COUNTRY,  2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 26.ULTRAFAST LASERS MARKET, BY END USER, 2020–2030
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR MEDICAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR AUTOMOTIVE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR AEROSPACE & DEFENSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF ULTRAFAST LASERS MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 33.ULTRAFAST LASERS MARKET, BY REGION, 2020–2030
FIGURE 34.NORTH AMERICA ULTRAFAST LASERS MARKET, BY COUNTRY, 2020–2030
FIGURE 35.U.S. ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 36.CANADA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 37.MEXICO ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 38.EUROPE ULTRAFAST LASERS MARKET, BY COUNTRY, 2020–2030
FIGURE 39.UK ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 40.GERMANY ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 41.ITALY ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 42.FRANCE ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 43.REST OF EUROPE ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 44.ASIA-PACIFIC ULTRAFAST LASERS MARKET, BY COUNTRY, 2020–2030
FIGURE 45.CHINA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 46.JAPAN ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 47.INDIA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 48.SOUTH KOREA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 49.REST OF ASIA-PACIFIC ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 50.LAMEA ULTRAFAST LASERS MARKET, BY COUNTRY, 2020–2030
FIGURE 51.LATIN AMERICA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 52.MIDDLE EAST ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 53.AFRICA ULTRAFAST LASERS MARKET, 2020–2030($MILLION)
FIGURE 54.KEY PLAYER POSITIONING, 2020
FIGURE 55.COMPETITIVE DASHBOARD
FIGURE 56.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 57.PRODUCT MAPPING
FIGURE 58.TOP WINNING STRATEGIES, BY YEAR, 2018–2020
FIGURE 59.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2020 (%)
FIGURE 60.TOP WINNING STRATEGIES, BY COMPANY, 2018–2020
FIGURE 61.COHERENT, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 62.COHERENT, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.COHERENT, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 64.HAMAMATSU PHOTONICS K.K.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.HAMAMATSU PHOTONICS K.K.: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.HAMAMATSU PHOTONICS K.K.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.LUMENTUM: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 68.LUMENTUM: REVENUE, 2018–2020 ($MILLION)
FIGURE 69.LUMENTUM: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 70.LUMENTUM: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 71.NKT PHOTONICS: REVENUE, 2018–2020 ($MILLION)
FIGURE 72.NKT PHOTONICS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 73.NKT PHOTONICS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 74.TRUMPF GROUP: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 75.TRUMPF GROUP: REVENUE, 2018–2020 ($MILLION)
FIGURE 76.WUHAN HUARAY PRECISION LASER CO., LTD: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 77.WUHAN HUARAY PRECISION LASER CO., LTD: REVENUE, 2018–2020 ($MILLION)
FIGURE 78.WUHAN HUARAY PRECISION LASER CO., LTD: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 79.WUHAN HUARAY PRECISION LASER CO., LTD: REVENUE SHARE, BY REGION, 2019 (%)


 
 

Businesses have changed from laser sliced innovation to ultrafast laser innovation for machining exactness and hence empowering an ideal opportunity to advertise. The improvement in the process accuracy reduces the general time and working expense for the manufacturing line, which is essential for the adoption of material processing applications.

With the government forcing guidelines, including quality to expand the mileage and decrease the CO2 outflows, auto producers are moving in the direction of mechanical developments in lasers to meet the objectives and keep the severe principles forced by the government.

The ultrafast lasers market consists of large number of players, and hence is highly competitive. The market players are focusing on new products rollout with significant R&D investments and partnerships that significantly boost the market growth. In addition, market players are strategically planning acquisitions as their growth strategy.

According to industry experts, growing developments in the ultrafast laser market are projected to open new paths of utilizations outside core applications. In addition, developing function of lasers in the automotive industry in another significant factor for the market growth.

The key players profiled in the report include Amplitude Systemes, Attodyne Inc., Coherent Inc., Dpss Laser Inc., Fianium Ltd., IMRA America, Inc., Jds Uniphase Corporation, Lumentum Operations LLC, TRUMPF, and Wuhan Huaray Precision Laser Co., Ltd.

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FREQUENTLY ASKED QUESTIONS?

A. The Ultrafast Lasers Market is estimated to grow at a CAGR of 15.0% from 2021 to 2030.

A. The Ultrafast Lasers Market is projected to reach $5.18 billion by 2030.

A. To get the latest version of sample report

A. Compatibility with broad range of materials, and surge in demand for compact-sized consumer electronics etc. boost the Ultrafast Lasers market growth.

A. The key players profiled in the report include Amplitude Systemes, Attodyne Inc., Coherent Inc., Dpss Laser Inc., Fianium Ltd., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Ultrafast Lasers Market is segmented on the basis of type, pulse duration, application, end user, and region.

A. The key growth strategies of Ultrafast Lasers market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Micromachining segment would grow at a highest CAGR of 17.5% during the forecast period.

A. Asia-Pacific region will dominate the market by the end of 2030.

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