Asia Pacific 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)
Market Introduction
Geographically, the APAC ultrafast lasers market is segmented into China, Japan, India, Australia, South Korea, and the rest of APAC. APAC has become one of the key markets for photonics across the world. The two biggest producers of the region are China and Japan. The China’s strong political focus in the photonic market reveals the strong shift toward a more advance laser technology. The country is a leader market for photovoltaics, displays, and information technology. APAC comprises the biggest number of emerging markets, and they grow around twice as fast as advanced economies on an average. This is the reason, that out of seven, six largest economies globally are projected to be emerging economies in 2050 led by China India and Indonesia. These countries are investing heavily in R&D to develop and advance photonics industry and improve the usability of ultrafast laser across industry verticals. The surging demand has resulted in strong decline in prices of lasers, especially those of fiber lasers and ultrafast lasers, there is fierce competition in the region. Due to this, lasers are rapidly finding widespread application areas, especially in the sheet metal cutting, laser marking, and computer, communication, consumer electronics (3C) manufacturing markets. As a part of the future trend, the emergence of 5G communication is expected to generate demand for laser processing and will trigger the development of new products from laser manufacturers. Demand for laser processing, especially for ultrafast lasers and its processing systems, will grow rapidly as OLED screens manufacturing.
Due to the outbreak of COVID-19, APAC is expecting to witness a huge economic challenge. APAC is characterized by the presence of various developing countries, high industrial growth, positive economic outlook, and large population. Moreover, manufacturing is one of the prominent industries in Asian economy due to rising need for industrial and consumer products, however due to government’s measures to reduce the spread of COVID-19 by announcing lockdowns, travel and trade bans have disrupted and delayed the operations in manufacturing, and other industries. Thus, slow down of major industries in APAC has subsequently affected the demand of ultrafast Laser, which, in turn has hampered the market growth. Further, the OEMs have also faced challenges in procuring raw material due to supply chain disruption thereby hampering their production process.
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Market Overview and Dynamics
The ultrafast lasers market in APAC is expected to grow from US$ 548.14 million in 2021 to US$ 1,224.83 million by 2028; it is estimated to grow at a CAGR of 12.2% from 2021 to 2028. Various industries are surely hit by the COVID-19 pandemic; however, there will be an expected rebounding of the economy once the situation normalizes. For instance, in automotive industry, there will be significant shift toward electric vehicles (EV) that will, in turn, create the need for ultrafast laser systems. Similar trend can be witnessed in consumer electronics and medical sectors. Ultrafast laser has various advantages that attract its adoption in various industries. Ultrashort pulse (USP) lasers for accurate micromachining can reduce or avoid unwanted thermal effects, which limit feature resolution, edge quality and, or the overall product functionality. As various industry verticals continue to develop small and more complex products and solutions, manufacturers are turning toward laser machining and processes. These low cost, highly effective lasers are suitable for marking and engraving a variety of materials. Ultrafast lasers have the capability to process parts at lower temperature without creating heat affected zone (HAZ). The laser allows engineers to work with more heat sensitive material, thereby expanding engineer’s horizon.
Key Market Segments
The APAC ultrafast lasers market is segmented based on type, pulse duration, application, and country. Based on type, the APAC 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 APAC 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 APAC ultrafast lasers market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ultrafast lasers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the APAC ultrafast lasers market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC ultrafast lasers market.
- Efficiently plan M&A and partnership deals in APAC ultrafast lasers market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC ultrafast lasers market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Ultrafast Lasers Market Segmentation
APAC Ultrafast Lasers Market - By Type
- Diode-Pumped Lasers
- Mode-Locked Diode Lasers
- Titanium-Sapphire Lasers
- Fiber Lasers
APAC Ultrafast Lasers Market - By Pulse Duration
- Picosecond
- Femtosecond
APAC Ultrafast Lasers Market - By Application
- Consumer Electronics
- Industrial
- Automotive
- Medical & Scientific
APAC Ultrafast Lasers Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Ultrafast Lasers Market - Company Profiles
- Amplitude Laser
- Coherent, Inc.
- Fluence Sp. z o.o
- Jenoptik AG
- KMLabs
- Laser Quantum
- NKT Photonics A/S
- Spark Lasers
- Wuhan Huaray Precision Laser Co., Ltd.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Ultrafast Lasers Market – By Type
1.3.2 APAC Ultrafast Lasers Market – By Pulse Duration
1.3.3 APAC Ultrafast Lasers Market – By Application
1.3.4 APAC Ultrafast Lasers Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Ultrafast Lasers Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Ultrafast Lasers Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Technological Advancement and Deployment of Ultrafast Lasers in Wide Range of Industry Applications
5.1.2 Boost in Adoption of Ultrafast Lasers Due to Rising Government Intervention
5.2 Key Market Restraints
5.2.1 Huge Expenditure Associated with Ultrafast Laser Systems
5.3 Key Market Opportunities
5.3.1 Laser Technology's Broad Applications
5.4 Future Trends
5.4.1 Start-ups Becoming More Prevalent
5.5 Impact Analysis of Drivers and Restraints
6. Ultrafast Lasers Market – APAC Analysis
6.1 APAC Ultrafast Lasers Market Overview
6.2 APAC Ultrafast Lasers Market – APAC Revenue and Forecast to 2028 (US$ Million)
7. APAC Ultrafast Lasers Market Analysis – By Type
7.1 Overview
7.2 APAC Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 and 2028
7.3 Diode-Pumped Lasers
7.3.1 Overview
7.3.2 Diode Pumped Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Mode- Locked Diode Lasers
7.4.1 Overview
7.4.2 Mode-Locked Diode Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Titanium-Sapphire Lasers
7.5.1 Overview
7.5.2 Titanium-Sapphire Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Fiber Lasers
7.6.1 Overview
7.6.2 Fiber Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Ultrafast Lasers Market Analysis – By Pulse Duration
8.1 Overview
8.2 APAC Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 2028
8.3 Picosecond
8.3.1 Overview
8.3.2 Picosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Femtosecond
8.4.1 Overview
8.4.2 Femtosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Ultrafast Lasers Market Analysis – By Application
9.1 Overview
9.2 APAC Ultrafast Lasers Market Breakdown, By Application, 2020 & 2028
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Medical and Scientific
9.6.1 Overview
9.6.2 Medical and Scientific: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Ultrafast Lasers Market – Country Analysis
10.1 Overview
10.1.2 APAC: Ultrafast Lasers Market- by Key Country
10.1.2.1 China: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 China: Ultrafast Lasers Market- by Type
10.1.2.1.2 China: Ultrafast Lasers Market- by Pulse Duration
10.1.2.1.3 China: Ultrafast Lasers Market- by Application
10.1.2.2 Japan: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Japan: Ultrafast Lasers Market- by Type
10.1.2.2.2 Japan: Ultrafast Lasers Market- by Pulse Duration
10.1.2.2.3 Japan: Ultrafast Lasers Market- by Application
10.1.2.3 India: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 India: Ultrafast Lasers Market- by Type
10.1.2.3.2 India: Ultrafast Lasers Market- by Pulse Duration
10.1.2.3.3 India: Ultrafast Lasers Market- by Application
10.1.2.4 Australia: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 Australia: Ultrafast Lasers Market- by Type
10.1.2.4.2 Australia: Ultrafast Lasers Market- by Pulse Duration
10.1.2.4.3 Australia: Ultrafast Lasers Market- by Application
10.1.2.5 South Korea: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 South Korea: Ultrafast Lasers Market- by Type
10.1.2.5.2 South Korea: Ultrafast Lasers Market- by Pulse Duration
10.1.2.5.3 South Korea: Ultrafast Lasers Market- by Application
10.1.2.6 Rest of APAC: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of APAC: Ultrafast Lasers Market- by Type
10.1.2.6.2 Rest of APAC: Ultrafast Lasers Market- by Pulse Duration
10.1.2.6.3 Rest of APAC: Ultrafast Lasers Market- by Application
11. APAC Ultrafast Lasers Market- COVID-19 Impact Analysis
11.1 APAC
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Amplitude Laser
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Coherent, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Wuhan Huaray Precision Laser Co., Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Jenoptik AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KMLabs
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Laser Quantum
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NKT Photonics A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Spark Lasers
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Fluence Sp. z o.o
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Ultrafast Lasers Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. China: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 3. China Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. India Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. Australia: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Australia Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 13. Australia: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Ultrafast Lasers Market Segmentation
Figure 2. APAC Ultrafast Lasers Market Segmentation – By Country
Figure 3. APAC Ultrafast Lasers Market Overview
Figure 4. Femtosecond Segment Held the Largest Market Share in 2020
Figure 5. Fiber Lasers Held the Largest Market Share in 2020
Figure 6. Industrial Held the Largest Market Share in 2020
Figure 7. China was the Largest Revenue Contributor in 2020
Figure 8. APAC– PEST Analysis
Figure 9. APAC Ultrafast Lasers Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. APAC Ultrafast Lasers Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 & 2028 (%)
Figure 14. APAC Diode Pumped Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Mode Locked Diode Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Titanium Sapphire Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Fiber Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 2028 (%)
Figure 19. APAC Picosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Femtosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Ultrafast Lasers Market Breakdown, By Application, 2020 & 2028 (%)
Figure 22. APAC Consumer Electronics: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Industrial: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Automotive: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Medical and Scientific: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC: Ultrafast Lasers Market, by Key Country – Revenue 2020 (US$ Million)
Figure 27. APAC: Ultrafast Lasers Market Revenue Share, By Key Country (2020 and 2028)
Figure 28. China: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Australia: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in APAC Country Markets
- Amplitude Laser
- Coherent, Inc.
- Fluence Sp. z o.o
- Jenoptik AG
- KMLabs
- Laser Quantum
- NKT Photonics A/S
- Spark Lasers
- Wuhan Huaray Precision Laser Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC ultrafast lasers market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC ultrafast lasers market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ultrafast lasers market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution