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Global Ultrafast Lasers Industry

Global Ultrafast Lasers Industry

  • July 2020
  • 188 pages
  • ID: 5900451
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Global Ultrafast Lasers Market to Reach US$14.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Ultrafast Lasers estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$14.6 Billion by 2027, growing at a CAGR of 19.9% over the analysis period 2020-2027.Fiber Lasers, one of the segments analyzed in the report, is projected to grow at a 22.6% CAGR to reach US$6.9 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diode-Pumped Lasers segment is readjusted to a revised 19.9% CAGR for the next 7-year period. This segment currently accounts for a 27.9% share of the global Ultrafast Lasers market.

The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 25.4% CAGR for the Period of 2020-2027
The Ultrafast Lasers market in the U.S. is estimated at US$1.1 Billion in the year 2020. The country currently accounts for a 26.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.5 Billion in the year 2027 trailing a CAGR of 25.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 18.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.1% CAGR while Rest of European market (as defined in the study) will reach US$3.5 Billion by the year 2027.

Mode-Locked Diode Lasers Segment Corners a 17.5% Share in 2020
In the global Mode-Locked Diode Lasers segment, USA, Canada, Japan, China and Europe will drive the 15.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$540.4 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 17.9% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,
  • Amplitude Surgical
  • Coherent, Inc.
  • DPSS Lasers, Inc.
  • EKSPLA
  • Epilog Laser, Inc.
  • IMRA America, Inc.
  • IPG Photonics Corporation
  • Jenoptik AG
  • Laser Quantum Ltd.
  • Lumentum Operations LLC
  • Newport Corporation
  • NKT Photonics A/S
  • Trumpf Laser GmbH + Co. KG
  • Wuhan Huaray Precision Laser Co., Ltd.

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