Report : North America 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)
Femtosecond Segment to Dominate North America Ultrafast Lasers Market during 2020–2028
According to a new market research study on “North America Ultrafast Lasers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Pulse Duration, and Application” is expected to reach US$ 731.72 million by 2028 from 367.75 US$ million in 2021. The market is estimated to grow at a CAGR of 10.3% from 2021 to 2028. The report provides trends prevailing in the North America ultrafast lasers market along with the drivers and restraints pertaining to the market growth. Technological advancement and usage of ultrafast lasers in diverse industry applications is the major factor driving the growth of the North America ultrafast lasers market. However, issues associated with high cost of ultrafast lasers hinders the growth of North America ultrafast lasers market
The North America ultrafast lasers market is segmented based on type, pulse duration, application, and country. Based on type, the North America 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 North America 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 North America ultrafast lasers market in 2020.
North America is well-known for the adoption of new technologies owing to favorable government policies to boost innovation, presence of various technological companies, and high adoption of advanced technologies in various industry verticals especially in developed countries such as Canada and the US. Thus, any negative impact on the growth of industries is expected to hamper the economic growth of the region. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This has forced the governments to impose lockdowns to limit human movement, thereby leading the manufacturing, facilities to experience lower than usual production volumes, which is negatively impacting the demand for ultrafast laser. Further, disruption in the logistic framework at the time of first wave of the COVID pandemic created challenges for ultrafast laser provider. However, ultrafast laser manufacturer also supplies their system in defense and medical sector that are deemed to be crucial sector and were operating even at the time of pandemic. Therefore, ultrafast laser manufacturer was receiving orders from these crucial industries and were operational during the lockdown, creating enough cashflows for the OEMs.
Amplitude Laser; Clark-MXR, Inc.; Coherent, Inc.; 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 North America 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, Amplitude Systemes and Amplitude Technologies merge.
The report segments the North America Ultrafast Lasers Market follows:
North America Ultrafast Lasers Market – By Type
- Diode-Pumped Lasers
- Mode-Locked Diode Lasers
- Titanium-Sapphire Lasers
- Fiber Lasers
North America Ultrafast Lasers Market – By Pulse Duration
North America Ultrafast Lasers Market – By Application
- Consumer Electronics
- Medical & Scientific
North America Ultrafast Lasers Market – By Country
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