The global COVID-19 pandemic has turned several industries upside down causing disruptions to their daily operations and limiting the supply of raw materials, hindering production and growth.
The report offers useful and valuable information about the Titanium-Sapphire Laser market. The latest report from Fact.MR provides details on the current market scenario in various regions along with historical data and market forecast. The report also includes information on sales and demand of the Titanium-Sapphire Laser market across various industries and regions.
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The market study carried out by Fact.MR provides exclusive information on how the market will grow. The study identifies crucial trends that are driving the growth of the Titanium-Sapphire Laser market. This newly released report sheds light on vital dynamics, such as the drivers, constraints and opportunities for major market players, as well as emerging players associated with manufacturing and supply. The latest report from Fact.MR provides a detailed analysis of the Titanium-Sapphire laser market
This in-depth and recently released report sheds light on the titanium-sapphire laser market information, key dynamics, their impact on the overall value chain from suppliers to end users, and the growth of the titanium-sapphire laser market.
The outbreak of COVID-19 disrupted the rapid growth of end-use segments such as automotive, consumer electronics and other industrial businesses. The closure of manufacturing facilities is expected to impact the demand for ultrafast lasers. The ultrafast laser market is expected to gain medical traction for X-rays, cancer treatment and many other surgical processes. Additionally, there is growing application in military equipment manufacturing as industries have shifted from laser cutting to ultra-fast laser processing precision technology which improves process accuracy and reduces total production line time and running costs.
The high dimensional accuracy achieved with ultrafast lasers drives their adoption in the manufacturing sector, thus driving the growth of the ultrafast laser market. In addition, the discovery of comprehensive ultrafast laser applications in the medical field and many surgical processes will provide operators in the ultrafast laser industry with strong growth opportunities. Therefore, the global ultrafast laser market is expected to expand at an impressive 14% CAGR through 2030.
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Key Findings from the Ultra-Fast Laser Market Study
Under the impact of Covid-19, the global ultrafast laser market is expected to reach a market valuation of $ 5.4 billion by the end of 2030.
The laser segment is expected to ultrafast fiber lasers will grow 3.5 times by 2030. On the other hand, titanium-sapphire lasers will account for a 26% market share of all ultrafast lasers during the forecast period.
The micromachining applications segment is expected to create an absolute $ 1.2 billion US dollar opportunity during the forecast period.
For end use, consumer electronics are expected to account for 29% of total sales in 2020, which is expected to create an absolute $ 1 billion dollar opportunity during the forecast period.
By region, East Asia is expected to emerge as the fastest growing ultrafast laser market and is expected to surpass a market valuation of $ 1.6 billion by the end of 2030.
“The COVID-19 pandemic has hit negatively the market for ultrafast lasers on the demand side, causing a drop in sales. After COVID-19, increased demand in the medical and automotive industries is expected to open up new applications for the growth of the ultrafast laser market, ”says a Fact.MR analyst.
Industry Players Focus on Product Launches to Drive Growth
Major players in the ultrafast laser market are Coherent Inc., NKT Photonics A / S, Viavi Solutions, Jenoptik AG, Laser Quantum Ltd. (Novanta Inc.), MKS Instruments Inc. and IPG Photonics Corporation, among others. Prominent manufacturers are focusing on introducing new products to broaden their customer base and gain a competitive edge over other players. For example,
In February 2019, MKS introduced the Spectra-Physics IceFyre 355-30, a high-power picosecond UV industrial hybrid fiber laser designed for micromachining applications in high-productivity manufacturing.
March 2019 – Trumpf’s new TruDisk Pulse 421 disc laser generates laser light in the 515 nanometer green spectrum. It operates in pulsed mode at an average power of 400 watts and solves problems encountered when using infrared lasers to solder copper.
In June 2019, Tangor 300 – a brand new high-performance laser with a pulse width of less than 500 femtoseconds and power reaching 300W was launched by Amplitude Laser.
Key segments of the ultrafast laser market
Fact.MR study on ultrafast lasers Market r offers information broken down into five key segments: type, end use of the pulse duration, application, and region. This report offers comprehensive data and information on important market dynamics and growth metrics associated with these categories.
Type
Titanium-Sapphire
Laser Diode-pumped bulk lasers with mode lock
Fiber
laser Dye laser with locked mode
Diode laser with mode lock
Others
Pulse duration
picosecond
femtosecond
End use
Consumer Electronics
Healthcare and Life Sciences
Automotive
Aerospace and
Industrial Defense
Research and Academics
Application
Micromachining
Flat Panel Display
Manufacturing Thin Film Micromachining
Two Photon
Polymerization Precision Micromachining
Others
Medical Medical
Device
Manufacturing Cardiovascular Stent Manufacturing
Laser Eye Surgery
Others
Bio-Imaging
Multiphoton Microscopy
Multimodal Imaging
Others
Scientific Research
Multidimensional
Spectroscopy THz Spectroscopy
Control consistent
High harmonic generation, EUV
Other
Region
North America
Latin America
Europe
East
Asia South Asia and Oceania
MEA
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Key Question Answered in Survey of Titanium-Sapphire Laser Market Report:
Sales and Demand for Titanium-Sapphire
Lasers Market Growth of Titanium-Sapphire
Lasers Market Analysis of Titanium-Sapphire
Lasers Market Insights into Titanium-Sapphire Lasers Market
Key Factors Affecting the Titanium-Sapphire Laser Market
What are the Key Drivers Affected by the Titanium-Sapphire Laser Market?
Restrictions Shaping Market Growth
Titanium-Sapphire Lasers Market Investigation
Learn more valuable information about the Titanium-Sapphire laser market
Fact.MR, in its new report, offers an unbiased analysis of the Titanium-Sapphire Laser market, Titanium-Sapphire Laser sales and demand, analyzing forecast statistics up to 2019 and beyond. The study reveals growth projections based on various criteria.
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