Dublin, May 31, 2024 (GLOBE NEWSWIRE) -- The "Ultrafast Lasers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Ultrafast Lasers Market to Reach $2.9 Billion by 2030
The global market for Ultrafast Lasers estimated at US$1.5 Billion in the year 2023, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030.Fiber Lasers, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Diode-Pumped Lasers segment is estimated at 7.6% CAGR for the next 8-year period.
The world market trajectories for ultrafast lasers indicate a dynamic and rapidly evolving landscape. In 2023, key competitors hold significant market shares, reflecting the intense competition and innovation within the industry. Lasers have revolutionized manufacturing in the 21st century, raising the bar for various applications, particularly in precision manufacturing, which has become essential for tackling new production challenges and ensuring quality conformance.
Lasers ensure precision in manufacturing by providing unparalleled accuracy and consistency, which is crucial for producing precision parts across virtually every sphere of manufacturing. This robust demand drives numerous opportunities for laser processing technologies. What began as a blend of art and science has transformed into a multi-billion dollar industrial opportunity, with ultrafast lasers at the forefront.
Ultrafast lasers, defined by their extremely short pulse durations, offer unique advantages in precision and minimal thermal damage, making them ideal for smart manufacturing applications. Innovations in this field are continually expanding the capabilities and applications of laser technologies.
Several world-renowned brands dominate the market, leveraging these advancements to enhance their offerings. Market trends and drivers indicate that lasers have become fundamental to digital manufacturing and Industry 4.0. The convergence of photonics and Industry 4.0 is a significant development, with ultrafast lasers serving as perfect partners for smart manufacturing. This digital transformation in manufacturing is expected to be led by laser technologies, underscoring their critical role in the future of industrial production.
The U.S. Market is Estimated at $429.2 Million, While China is Forecast to Grow at 10.5% CAGR
The Ultrafast Lasers market in the U.S. is estimated at US$429.2 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$512.9 Million by the year 2030 trailing a CAGR of 10.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 281 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $2.9 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Ultrafast Lasers - Global Key Competitors Percentage Market Share in 2023 (E)
- How Lasers Revolutionized Manufacturing in the 21st Century?
- Laser Raises Bar for Manufacturing Applications
- Precision Manufacturing Emerges As a Vital Tool for Manufacturers to Tackle New Production Challenges & Ensure Quality Conformance
- How Lasers Ensure Precision in Manufacturing?
- Robust Demand for Precision Parts in Virtually Every Sphere of Manufacturing Drives Opportunities for Laser Processing Technologies
- Laser Processing: From Art & Science to a Multi-Billion Dollar Industrial Opportunity
- Ultrafast Lasers: Definition & Scope
- Innovations
- World Brands
MARKET TRENDS & DRIVERS
- Lasers Become Fundamental to Digital Manufacturing & Industry 4.0. Here's Why Convergence of Photonics and Industry 4.0 is the Big Story
- Ultrafast Lasers Are Perfect Partners for Smart Manufacturing
- Digital Transformation in Manufacturing Will Be Led by Laser Technologies
- A Review of the Hostile Business Climate in Key End-User Industries Responsible for the Slumping Demand for Ultrafast Lasers
- Falling Demand for Electronics Ravages the Electronics End-Use Industry
- Shrinking Disposable Incomes Impact Consumer Demand for Electronics & Prospects for Ultrafast Lasers in this Sector
- Plummeting Automobile Sales & Production Plant Closures Overshadows Demand for Ultrafast Lasers in Auto Plants
- Unemployment in the U.S. (In Million)
- A Slumping Manufacturing Industry Darkens the Outlook for Ultrafast Lasers
- Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
- Additive Manufacturing: An Excellent Opportunity for Ultrafast Lasers
- How Laser Technology Helps in 3D Printing?
- Multiplier Benefits of Ultrafast Lasers in 3D Printing
- The Future of Manufacturing, Heavy Investments in Additive Manufacturing Brightens the Outlook for Spending on Ultrafast Laser Processing
- Ultrafast Lasers in Electronics & Semiconductors: The Emerging Next Big Revenue Opportunity
- How Lasers Became Ubiquitous in Electronics & Semiconductor Manufacturing
- How Electronics Manufacturers are Leveraging the Benefits of Ultrafast Lasers?
- Ultrafast Lasers for Electronic Ceramics Processing
- Production Efficiency: A Business Case for Adoption of Ultrafast Lasers in Automotive Manufacturing
- Value of Laser Technology for Auto OEMs
- How Ultrafast Lasers Ups the Performance & Productivity Game?
- Here's Why Ultrafast Fiber Lasers Are Growing in Popularity in Auto Production Plants
- New Ultrafast Laser Marking Technology to Play a Key Role in Enabling Auto Part & Component Traceability as Frequency of Vehicle Calls Rises on an Annual Scale
- Ultrafast Lasers Find Promising Applications in Micromachining Medical Devices & Surgery/Therapy
- Growing Importance of Micromachining Technologies In the Current Golden Age of Miniaturization Brings Ultrafast Lasers Into the Spotlight
FOCUS ON SELECT PLAYERS(Total 60 Featured)
- Newport Corporation
- Jenoptik AG
- Coherent, Inc.
- MKS Instruments, Inc.
- IPG Photonics Corporation
- DPSS Lasers, Inc.
- Lumentum Operations LLC
- Epilog Laser, Inc.
- Menlo Systems GmbH
- NKT Photonics A/S
- Npi Lasers Co., Ltd.
- Sintec Optronics Technology Pte Ltd.
- KMLabs, Inc.
- Chromacity Ltd.
- Fyla Laser
For more information about this report visit https://www.researchandmarkets.com/r/8advxi
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