Views: 0 Author: hu Publish Time: 2021-09-04 Origin: dapeng
Recently, Allied Market Research, a foreign market research organization, released a report on the global ultrafast laser market. According to the report, the global ultrafast laser market will be approximately US$1.47 billion in 2020 and is expected to reach US$5.18 billion in 2030. Between 2021 and 2030, the market’s compound annual growth rate will be 15.0%. Ultrafast lasers can produce short pulse lasers, usually less than 1 picosecond. The characteristics of ultrafast lasers paved the way for material processing requiring extremely high peak intensity. At present, ultrafast lasers are used in basic research and actual production. The main application scenarios are 3D photonic devices, data storage applications, 3D microfluidics and photofluids, and glass bonding. The use of ultrafast lasers can also achieve resistance fine-tuning, memory repair, hard disk texture and rapid prototyping. In addition, ultrafast lasers can work in the infrared, visible and shorter ultraviolet wavelength ranges.
■The ultrafast laser market segment forecast in 2020 and 2030, among which mode-locked lasers are expected to become the most potential segmentation field
■In the forecast period 2021-2030, femtosecond lasers will dominate the global ultrafast laser market
■Micro-processing is expected to achieve the highest compound annual growth rate (17.5%) in the sub-industry
■During the forecast period, the medical industry will continue to maintain its position as the largest application market for ultrafast lasers
Main factors affecting market growth
Important factors affecting the growth of the ultrafast laser market include compatibility with a wide range of materials, the surge in demand for compact consumer electronics, and ultrafast lasers to achieve high dimensional precision micromachining. However, high technology costs hinder the growth of the market. But in the defense field, the growth in demand for precision engineering will provide lucrative opportunities for the ultrafast laser market.
In the future, the main growth strategies of ultrafast laser market participants include product portfolio expansion, mergers and acquisitions, agreements, geographic expansion and cooperation. It is estimated that during the forecast period (2021-2030) the micro-processing segment will achieve growth at the highest compound annual growth rate of 17.5%. By the end of 2030, the Asia-Pacific region will dominate the global ultrafast laser market.