According to the analysis offered by Market Research Future (MRFR), the global ultrafast laser market is expected to expand at 20% CAGR during the forecast period 2017 to 2023. The report also suggests that the global market’s valuation is poised to touch USD 11 Bn market by the end of the projection period. The technology is best suited for carrying out various biomedical and biological applications. The towering Ultrafast Laser demand for science &research is also likely to drive the growth of the market over the next few years.
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The ultrafast laser has proved to be a cost-efficient solution for micromachining which has opened avenues of growth opportunities for the market participants. Furthermore, it has derived applications in the automotive sector for satisfying customer needs of fuel economy and enhanced performance while meeting emission standards. Automobile industry leaders are focusing on leveraging advancements in the technology for product development. This, in turn, has been prognosticated to augment the ultrafast laser market over the next couple of years.
Some of the prominent players in the Covid-19 Impact on Ultrafast Laser Market are Amplitude Systemes (France), Attodyne Inc. (Canada), Clark-MXR, Inc. (U.S.), Coherent Inc. (U.S.) , DPSS Lasers Inc. (U.S.), EKSPLA (Lithuania), Epilog Laser (U.S.), IMRA America (U.S.), IPG Photonics (U.S.), JENOPTIK Laser GmbH (Germany), Laser Quantum (U.K), Lumentum Operations LLC (U.S.), Newport Corporation (U.S.), NKT Photonics (U.S.), Resonetics (U.S.), Rofin-Sinar Laser GmbH (Germany), Sheaumann Laser Inc. (U.S.), and Spectra-Physics (U.S.) among others.
- By type, the global ultrafast laser market has been segmented into titanium-sapphire, diode-pumped, fiber lasers, and mode-locked diode.
- By pulse duration, the ultrafast laser market has been segmented into femtosecond and picosecond.
- By application, the global ultrafast laser market has been segmented into biomedical, spectroscopy & imaging, materials processing, science & research, and others.
The global ultrafast laser market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to retain the pole position across the review period trailed by Europe and Asia Pacific. Key players in the region are emphasizing on the development of advanced technologies for gaining a competitive edge. It is poised to facilitate the expansion of the laser materials processing equipment in the region.
Europe is expected to gain importance as the manufacturer of laser materials processing equipment. The growth of the laser materials processing equipment in Europe is projected to define the growth trajectory of the global market in the upcoming years. Meanwhile, Asia Pacific is also anticipated to register considerable growth owing to the lack of an alternative to ultrafast laser.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Ultrafast Laser Market
5 Industry Overview Of Global Ultrafast Laser Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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