The report provides an overview of the “Ultrafast Lasers Market” industry including definitions, division, key vendors, key Development and market challenges. The Ultrafast Lasers Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Ultrafast Lasers Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The global ultrafast lasers market was valued at USD 3.37 billion in 2018 and is expected to reach a value of USD 12.82 billion by 2024, at a CAGR of 25.02%, during the forecast period (2019 – 2024).In medical applications, Q-switched lasers are being replaced with ultrafast lasers. Also, some non-laser techniques, such as surgical scalpels and mechanical saws are being substituted owing to their similar practicality traits and easy-to-handle options.
– Industries have moved from laser cut technology to ultrafast laser technology for the machining accuracy and thus enabling early time to market. The improvement in process precision reduces the overall time and operating cost for the production line, which is the primary reason for the adoption of material processing applications.
– With the government imposing regulations, including quality, to increase the mileage and reduce the CO2 emissions, automobile manufacturers are turning toward technological innovations in lasers to meet the targets and stringent rules imposed by the government.
– There is a learning curve associated with bringing laser technology in house. For instance, the majority of drawbacks are related to the learning curve involved in bringing femtosecond laser-assisted cataract surgery in the house. More than the initial coursework, the professional needs to set aside dedicated time to learning how to work with the laser in his/her office. This includes everything from where to set up the machine to how the support staff can best assist with the procedures.
Scope of the Report
The unique characteristics of ultrafast lasers have rapidly revolutionized materials processing after their first demonstration in 1987. The ultrashort pulse width of the laser suppresses heat diffusion to the surroundings of the processed region, which minimizes the formation of a heat-affected zone and thereby enables ultrahigh precision micro and nanofabrication of various materials. The output of an ultrafast laser has various remarkable properties which are of interest for a wide range of industries like Consumer Electronics, Medical, Automotive, Research, Aerospace and Defense.
The Ultrafast Lasers Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Ultrafast Lasers Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Femtosecond and Picosecond Variant Gaining Market Share
– Available in the femtosecond and picosecond variants, these lasers are gaining traction in the medical equipment and military equipment manufacturing. For instance, stents and catheters are being made with ultrafast lasers.
– In addition, mandates of laser marking for medical devices across the regions is another reason for the increasing demand for ultrafast lasers.
– While femtosecond lasers are known for marking in the glass, which allows the traceability of syringes and other glass devices, and other volatile materials used in military equipment, picosecond lasers are most used for laser marking on the steel metals surface. In addition, these lasers are used for processing plastics for medical devices (polymer processing).
Asia-Pacific to Shape the Future of Ultrafast Lasers Market
– Research-funding agencies have begun to invest mostly in new collaborations and facilities in Asia-Pacific that employ ultrafast lasers for broad areas of science.
– Companies are collaborating in this region, which is creating huge opportunity. For instance, in November 2018, STORMBEE made a strategic partnership with NEOLASER SOLUTIONS to grow their presence in the Asia Pacific market of Singapore, Malaysia, Thailand, Indonesia, Vietnam, China, Japan, Korea, Australia, New Zealand.
– Symposiums like APAC Laser Symposium help to create awareness regarding laser usage, thus attracting investors.
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- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed Table of Content of Global Ultrafast Lasers Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Ultrafast Lasers Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Ultrafast Lasers Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Ultrafast Lasers Market Segmentation, By Capacity
7. Global Ultrafast Lasers Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Ultrafast Lasers Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Ultrafast Lasers Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 144
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