Europe Ultrafast Lasers Market
Germany, France, the UK, and Italy are among the key countries contributing to the growth of the European ultrafast lasers market. The European market is witnessing significant opportunity owing to extensive investment plan in R&D and growing adoption of laser technology across industry verticals. There are various funded projects that were initiated by European Union that aimed at developing high-power, low-noise, ultrafast tunable laser sources using supercontinuum generation. In the last decade, research-funding agencies in Europe began to invest heavily in new collaborations and facilities that will employ these lasers for broad areas of science making Europe, one of the strongest countries in the field of ultrafast laser technology. In 2020, the European researchers developed laser-engraved metal, produced to reduce environmental impact anti-fouling, hydrophobic metal, or plastic surfaces, engraved by a new kilowatt laser technology. The European photonics industry is witnessing health growth, which, in turn, is helping in the growth of the ultrafast lasers market. As per the European Photonics Industry Consortium (EPIC), there are ~100 acquisitions in the global photonics industry annually, of which many are European companies. Several start-ups are formed annually, and many are joining EPIC. The organization of Laser World of Photonics in Munich in June 2019 was a clear illustration of the potency of the European photonics industry, with nearly 1,300 exhibitors mostly from Europe. Companies including Fluence Sp. z o.o, Nyfors Teknologi AB in Sweden, and GLOphotonics are developing new generation of femtosecond lasers that are now making a huge impact globally.
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.
Strategic insights for the Europe Ultrafast Lasers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 398.82 Million |
| Market Size by 2028 | US$ 823.73 Million |
| Global CAGR (2021 - 2028) | 10.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Ultrafast Lasers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The ultrafast lasers market in Europe is expected to grow from US$ 398.82 million in 2021 to US$ 823.73 million by 2028; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028. Several research and development (R&D) centres are being developed to fasten the advancement in the field of laser technology. Government institutions in countries located in Europe have made significant investment in R&D directed toward high intensity lasers. Such initiatives by government and autonomous institutes are driving the ultrafast lasers market growth.
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.
A few major primary and secondary sources referred to for preparing this report on the ultrafast lasers market in Europe 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.;
The Europe Ultrafast Lasers Market is valued at US$ 398.82 Million in 2021, it is projected to reach US$ 823.73 Million by 2028.
As per our report Europe Ultrafast Lasers Market, the market size is valued at US$ 398.82 Million in 2021, projecting it to reach US$ 823.73 Million by 2028. This translates to a CAGR of approximately 10.9% during the forecast period.
The Europe Ultrafast Lasers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Ultrafast Lasers Market report:
The Europe Ultrafast Lasers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Ultrafast Lasers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Ultrafast Lasers Market value chain can benefit from the information contained in a comprehensive market report.
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