Report : Europe Ultrafast Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Diode-Pumped Lasers, Mode-Locked Diode Lasers, Titanium-Sapphire Lasers, and Fiber Lasers), Pulse Duration (Picosecond and Femtosecond), and Application (Consumer Electronics, Industrial, Automotive, and Medical & Scientific)
Fiber Lasers Segment to Dominate Europe Ultrafast Lasers Market during 2020–2028
According to a new market research study on “Europe Ultrafast Lasers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Pulse Duration, and Application” is expected to reach US$ 823.73 million by 2028 from 398.82 US$ million in 2021. The market is estimated to grow at a CAGR of 10.9% from 2021 to 2028. The report provides trends prevailing in the Europe ultrafast lasers market along with the drivers and restraints pertaining to the market growth. Rising usage of laser technology is the major factor driving the growth of the Europe ultrafast lasers market. However, issues such as costly ultrafast lasers hinder the growth of Europe ultrafast lasers market
The Europe ultrafast lasers market is segmented based on type, pulse duration, application, and country. Based on type, the Europe ultrafast lasers market is sub-segmented into diode-pumped lasers, mode-locked diode lasers, titanium-sapphire laser, fiber laser and others. The fiber lasers segment held the largest market share in 2020. Based on pulse duration, the Europe ultrafast lasers market is categorized into picosecond and femtosecond. The femtosecond segment held the largest market share in 2020. Based on application, the market is sub-segmented into consumer electronics, automotive and others. The industrial segment dominated the Europe ultrafast lasers market in 2020.
Italy, the UK, Russia, France, and Germany are among of the worst affected economies in Europe due to the outbreak of COVID-19. The region is facing severe financial crisis as businesses either had to reduce their activities in a substantial manner or suspend their operations. Due to travel bans, lockdowns, and supply chain disruptions, the region is anticipated to see an economic slowdown in 2021. Moreover, the pandemic has resulted into closure of various companies working in industrial manufacturing domain, which, in turn has impacted the demand/order of ultrafast laser system. Europe is a major industrial hub for various sectors, such as machinery equipment, manufacturing, and logistics. However, due to business lockdowns, travel bans, and supply chain disruptions, the region has witnessed a decline in activities in above-mentioned industries, which has impacted the growth of the Ultrafast laser s market in Europe. However, as the region can manage the spread of COVID-19, with the vaccination drive in various countries of Europe, the overall situation is improving and therefore the demand for ultrafast laser will also improve.
Amplitude Laser; Coherent, Inc.; Fluence Sp. z o.o; Jenoptik AG; KMLabs; Laser Quantum; NKT Photonics A/S; Spark Lasers; and Wuhan Huaray Precision Laser Co., Ltd. are among the leading companies in the Europe ultrafast lasers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Jenoptik and 4JET jointly launch innovative laser prototyping technology.
The report segments the Europe Ultrafast Lasers Market follows:
Europe Ultrafast Lasers Market – By Type
- Diode-Pumped Lasers
- Mode-Locked Diode Lasers
- Titanium-Sapphire Lasers
- Fiber Lasers
Europe Ultrafast Lasers Market – By Pulse Duration
- Picosecond
- Femtosecond
Europe Ultrafast Lasers Market – By Application
- Consumer Electronics
- Industrial
- Automotive
- Medical & Scientific
Europe Ultrafast Lasers Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
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