TRUMPF Laser- und Systemtechnik GmbH

Dublin, Sept. 10, 2021 (GLOBE NEWSWIRE) -- The "Ultrafast Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, Pulse Duration, and Application" report has been added to ResearchAndMarkets.com's offering. According to this report the market is expected to reach US$ 3,048.68 million by 2028, registering a CAGR of 11.0% from 2021 to 2028. The COVID-19 outbreak has affected the overall growth rate of global ultrafast lasers market in the year 2020 in a negative manner to some extent, due to decline in revenue and growth of companies operating in the market owing to supply and demand disruptions across the value chain. Thus, there was a decline in y-o-y growth rate during the year 2020. However, the positive future growth outlook due to expected rise in demand from industrial sectors in developing regions such as APAC, MEA, and SAM, the market growth is expected to normalize from second half of 2021 and continue to grow at steady rate over the forecast period of 2021 to 2028. With government support, a number of start-ups are entering the market, and many more start-ups are expected to enter the market in the near future. For instance, in recent years, EU support has led to a steady stream of start-up laser companies in the area of high-intensity laser technology. The start-up fund in the region is driven by several supportive factors including research funding and equipment purchase funding. For instance, joint university-industry research centers such as the Fraunhofer Institutes provided substantial government support for industry-directed projects. Due to these initiatives, there has been a proliferation of companies, such as OneFive (acquired by NKT Photonics), Class Photonics GmbH, Amplitude Systemes, Menlo Systems, and TRUMPF Scientific Lasers, in the area of laser technology. In US, with the growing need for high-intensity lasers, the US government is expected to support small manufacturers of high-power lasers, ultrafast CPA lasers, and components. This will create conducive environment for various start-ups to enter the market. In the US, already houses significant number of start-ups that are active in the field of high-intensity laser technology. For instance, the small specialty research laser company-KMLabs 39-is focused on the development of terawatt-scale, kHz Ti:sapphire lasers. Similarly, NewportoSpectra Physics is focused on engineering improvements to existing Ti:sapphire products. 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. The ultrafast lasers market is segmented on the bases of type, pulse duration, application, and geography. Based on type, the market is segmented into diode-pumped lasers, mode-locked diode lasers, titanium-sapphire lasers, and fiber lasers. In 2020 the fiber lasers segment accounted for the largest market share. In terms of pulse duration, the market is bifurcated into picosecond and femtosecond. In 2020, the femtosecond segment accounted for a larger share in the market. Based on application, the market is segmented into consumer electronics, industrial, automotive, and medical & scientific. In 2020, the industrial segment accounted for the largest market share. Geographically, the global ultrafast lasers market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, APAC accounted for the significant share in the market. Reasons to Buy Key Topics Covered: 1. Introduction2. Key Takeaways3. Research Methodology4. Ultrafast Lasers Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 Asia-Pacific4.2.4 Middle East and Africa4.2.5 South America4.3 Ecosystem Analysis4.4 Expert Opinions5. Ultrafast Lasers Market - Key Market Dynamics5.1 Key Market Drivers5.1.1 Technological Innovation and Implementation of Ultrafast Lasers in Diverse Industry Applications5.1.2 Government Initiatives to Promote Adoption of Ultrafast Lasers5.2 Key Market Restraints5.2.1 Cost Associated with Ultrafast Laser Systems5.3 Key Market Opportunities5.3.1 Expanding Applications of Laser Technology5.4 Future Trends5.4.1 Growing Emergence of Start-ups5.5 Impact Analysis of Drivers and Restraints6. Ultrafast Lasers Market - Global Analysis6.1 Ultrafast Lasers Market Global Overview6.2 Ultrafast Lasers Market - Global Revenue and Forecast to 2028 (US$ Million)6.3 Market Positioning - Five Key Players7. Ultrafast Lasers Market Analysis - By Type7.1 Overview7.2 Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 and 20287.3 Diode-Pumped Lasers7.3.1 Overview7.3.2 Diode Pumped Lasers: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)7.4 Mode- Locked Diode Lasers7.4.1 Overview7.4.2 Mode-Locked Diode Lasers: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)7.5 Titanium-Sapphire Lasers7.5.1 Overview7.5.2 Titanium-Sapphire Lasers: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)7.6 Fiber Lasers7.6.1 Overview7.6.2 Fiber Lasers: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)8. Ultrafast Lasers Market Analysis - By Pulse Duration8.1 Overview8.2 Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 20288.3 Picosecond8.3.1 Overview8.3.2 Picosecond: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)8.4 Femtosecond8.4.1 Overview8.4.2 Femtosecond: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)9. Ultrafast Lasers Market Analysis - By Application9.1 Overview9.2 Ultrafast Lasers Market Breakdown, By Application, 2020 & 20289.3 Consumer Electronics9.3.1 Overview9.3.2 Consumer Electronics: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)9.4 Industrial9.4.1 Overview9.4.2 Industrial: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)9.5 Automotive9.5.1 Overview9.5.2 Automotive: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)9.6 Medical and Scientific9.6.1 Overview9.6.2 Medical and Scientific: Ultrafast Lasers Market - Revenue and Forecast to 2028 (US$ Million)10. Ultrafast Lasers Market - Geographic Analysis11. Ultrafast Lasers Market- COVID-19 Impact Analysis11.1 Overview11.2 North America11.3 Europe11.4 Asia-Pacific11.5 Middle East and Africa11.6 South America12. Industry Landscape12.1 Overview12.2 Market Initiative12.3 New Product Development13. Company Profiles13.1 Amplitude Laser13.1.1 Key Facts13.1.2 Business Description13.1.3 Products and Services13.1.4 Financial Overview13.1.5 SWOT Analysis13.1.6 Key Developments13.2 Coherent, Inc.13.2.1 Key Facts13.2.2 Business Description13.2.3 Products and Services13.2.4 Financial Overview13.2.5 SWOT Analysis13.2.6 Key Developments13.3 Wuhan Huaray Precision Laser Co.,Ltd.13.3.1 Key Facts13.3.2 Business Description13.3.3 Products and Services13.3.4 Financial Overview13.3.5 SWOT Analysis13.3.6 Key Developments13.4 Jenoptik AG13.4.1 Key Facts13.4.2 Business Description13.4.3 Products and Services13.4.4 Financial Overview13.4.5 SWOT Analysis13.4.6 Key Developments13.5 KMLabs13.5.1 Key Facts13.5.2 Business Description13.5.3 Products and Services13.5.4 Financial Overview13.5.5 SWOT Analysis13.5.6 Key Developments13.6 Laser Quantum13.6.1 Key Facts13.6.2 Business Description13.6.3 Products and Services13.6.4 Financial Overview13.6.5 SWOT Analysis13.6.6 Key Developments13.7 NKT Photonics A/S13.7.1 Key Facts13.7.2 Business Description13.7.3 Products and Services13.7.4 Financial Overview13.7.5 SWOT Analysis13.7.6 Key Developments13.8 Spark Lasers13.8.1 Key Facts13.8.2 Business Description13.8.3 Products and Services13.8.4 Financial Overview13.8.5 SWOT Analysis13.8.6 Key Developments13.9 Fluence Sp. z o.o13.9.1 Key Facts13.9.2 Business Description13.9.3 Products and Services13.9.4 Financial Overview13.9.5 SWOT Analysis13.9.6 Key Developments13.10 Clark-MXR, Inc.13.10.1 Key Facts13.10.2 Business Description13.10.3 Products and Services13.10.4 Financial Overview13.10.5 SWOT Analysis13.10.6 Key Developments14. 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Pune, India., July 28, 2021 (GLOBE NEWSWIRE) -- Ultrafast Lasers Market: Key InsightsAccording to our new research study on “Ultrafast Lasers Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Pulse Duration, Application, and Geography,” the Ultrafast Lasers Market Size is projected to reach US$ 3,048.68 million by 2028 from US$ 1,467.50 million in 2021; it is expected to grow at a CAGR of 11.0% during 2021–2028. Ultrafast Lasers Market: Competitive Landscape and Key DevelopmentsAmplitude 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. are among the key players in the global ultrafast lasers market. The leading companies are focusing on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities. Amplitude Systemes and Amplitude Technologies merged their operations in 2021, and the merger now operate under a unique name—Amplitude. Get Exclusive Sample Pages of Ultrafast Lasers Market - COVID-19 Impact and Global Analysis with Strategic Insights at 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. Ultrafast lasers are finding application in medical devices, metal processing plants, and defense products and operations. The laser technology is used in communications, directed energy, and remote sensing, among other applications. It is also used in the analysis of materials in challenging environments. This technology has become a key component of the manufacturing process. In the metal processing industry, laser technology is helpful in tasks such as heating for hardening, melting for welding, and cladding as well as in removing materials for drilling and cutting. In the medical industry, it is used for fabricating high-quality surgical stents. Additionally, many surgical procedures are based on high-intensity, ultrafast laser processing of tissue. For example, the Laser-Assisted In-Situ Keratomileusis (LASIK) uses ultrafast laser scalpels to make notches in the eyeball, as part of a laser sculpting protocol, to improve the eyesight. High power (PetaWatt) lasers are being used in the Stockpile Stewardship Program (SSP) missions of the US Department of Energy. SSP is developed for testing and maintenance of nuclear weapon. The high-intensity laser in SSP is used to deliver sharp penetrating high-energy X-rays for radiography of high energy density matter.  Further, high-intensity short-pulse lasers can be used to create radiation (both photon and particle) that can be used to cross-examine systems and identify the presence of nuclear or chemical materials of concerns for proliferation or homeland security. The COVID-19 pandemic adversely affected the global ultrafast lasers market, especially in the first three quarters of 2020. The pandemic has resulted in the temporary shutdown of all manufacturing processes across the world. The restrictions were imposed on human and goods movement to combat the spread of the virus and comply with the social distancing norms enacted by local and federal government bodies. Moreover, the shuttering of manufacturing units is resulting into logistic issues. However, as the manufacturing processes resumed from the Q3 of 2020, the ultrafast laser providers began witnessing the rise in demand for these lasers. Download Sample PDF Brochure of Ultrafast Lasers Market Growth Research Report at Emergence of Start-Ups to Propel Ultrafast Lasers Market Growth in Coming Years:With government support, a number of start-ups are entering the ultrafast lasers market. Supportive initiatives by the European Union (EU) have welcomed multiple start-up laser companies offering products enabled with the high-intensity laser technology. The availability of research funding and equipment purchase funding is a key factor supporting the start-up financials. For instance, joint university–industry research centers such as the Fraunhofer Institutes provided substantial government support for industry-directed projects. Such initiatives have contributed to the proliferation of companies such as OneFive (acquired by NKT Photonics), Class Photonics GmbH, Amplitude Systemes, Menlo Systems, and TRUMPF Scientific Lasers in the area of laser technology. Further, with the growing need for high-intensity lasers, the US government is expected to support small-scale manufacturers of high-power lasers, ultrafast CPA lasers, and related components. This would create conducive environment for various start-ups to enter the market.  The country already houses significant number of start-ups that are active in the field of high-intensity laser technology. For instance, KMLabs 39, a small specialty research laser company, is focused on the development of terawatt-scale Ti:sapphire lasers. Similarly, Newport-Spectra Physics is focused on engineering improvements to existing Ti:sapphire products. Ultrafast Lasers market: Pulse DurationThe global ultrafast lasers market, based on pulse duration, is segmented into picosecond and femtosecond. The femtosecond segment held the largest market share in 2020. A femtosecond ultrafast laser produces optical pulses below 1 ps. A femtosecond ultrafast laser acts as a prominent tool for various industrial and scientific applications that require very high peak intensity. Such pulses are generated by mode-locking and the output. A few of the key suppliers of femtosecond ultrafast lasers are Amplitude Laser, Coherent Inc., NKT Photonics A/S, IPG Photonics Corporation, and Spark Lasers. Direct Purchase Copy of Ultrafast Lasers Market Research Study at Browse Related Reports:Metal Processing Ultrafast lasers Market to 2028 - Global Analysis and Forecasts by Type (Diode-Pumped Lasers, Mode-Locked Diode Lasers, Titanium-Sapphire Lasers, Fiber Lasers, Others); Pulse Duration (Picosecond, Femtosecond) and Geography - Femtosecond Fiber Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (780±10 nm, 1560±20 nm); Application (Consumer Electronics, Medical, Automotive, Other) and Geography - Picosecond Laser Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Below 50W, 50-100W, Above 100W); Application (Medical and Aesthetic, Scientific Research, Micromachining/Material Processing, Other) and Geography - High Power Infrared Fiber Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (1-2KW, 2-6KW, Above 6KW); Application (Material Handling, Medical, Other) and Geography - About Us:The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer JoshiE-mail: sales@theinsightpartners.comPhone: +1-646-491-9876 Press Release -