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)
Market Introduction
North America consists of Canada, the US, and Mexico, among which, the US and Canada are the developed countries in terms of modern technologies, standard of living, and infrastructure, among others. The technological advancements in North America have led to highly competitive markets. Moreover, the region is a home to world’s largest manufacturing industry, which is harnessing the latest designing and tools for producing the most advanced products and solutions including ultrafast lasers. The region has a diversified manufacturing sector consisting of industrial and consumer products and is the home of most of the fortune 500 companies in the world. The region houses some of the key ultrafast laser manufacturers, namely Amplitude Group, Coherent Inc., MKS Instruments Inc., and Novanta (Laser Quantum Ltd.). These manufacturers have been developing ultrafast lasers for application areas such as consumer electronics and automotive. All these application demands for an advance laser beam that is provided in highly repeatable pulses at a rapid repetition rate for maximum productivity and precision. The rise in disposable income drives the growth of automobile and mobile electronics industries in the region, which results in the growth of ultrafast lasers, particularly in the fiber laser market.
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.
Market Overview and Dynamics
The ultrafast lasers market in North America is expected to grow from US$ 367.75 million in 2021 to US$ 731.72 million by 2028; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028. Ultrafast laser is finding its application in major areas such as medical devices, and metal processing and defense. For instance, the US invests a significantly larger share of its tax revenue in defense than any other nation across the world. It is expected that laser technology will become an important factor of this effort owing to its applications in communications, directed energy, and remote sensing, as well as in the and analysis of materials in challenging environments. Laser technology has become a key component of the manufacturing process. The laser technology is helpful in tasks such as heating for hardening, melting for welding, and cladding, and removing materials for drilling and cutting. The laser technology is also used in the medical industry for fabricating high-quality surgical stents.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ultrafast lasers market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the North America 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 North America ultrafast lasers market.
- Efficiently plan M&A and partnership deals in North America 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 North America ultrafast lasers market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Ultrafast Lasers Market Segmentation
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
- Picosecond
- Femtosecond
North America Ultrafast Lasers Market - By Application
- Consumer Electronics
- Industrial
- Automotive
- Medical & Scientific
North America Ultrafast Lasers Market - By Country
- US
- Canada
- Mexico
North America Ultrafast Lasers Market - Company Profiles
- Amplitude Laser
- Clark-MXR, Inc.
- Coherent, Inc.
- 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 North America Ultrafast Lasers Market – By Type
1.3.2 North America Ultrafast Lasers Market – By Pulse Duration
1.3.3 North America Ultrafast Lasers Market – By Application
1.3.4 North America Ultrafast Lasers Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Ultrafast Lasers Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Ultrafast Lasers Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Technological Advancement and Usage of Ultrafast Lasers in Diverse Industry Applications
5.1.2 Various Initiative by Government to Promote Usage of Ultrafast Lasers
5.2 Key Market Restraints
5.2.1 High Cost of Ultrafast Laser Systems
5.3 Key Market Opportunities
5.3.1 Growing Applications of Laser Technology
5.4 Future Trends
5.4.1 Sudden Emergence of Start-ups
5.5 Impact Analysis of Drivers and Restraints
6. Ultrafast Lasers Market – North America Analysis
6.1 North America Ultrafast Lasers Market North America Overview
6.2 North America Ultrafast Lasers Market – North America Revenue and Forecast to 2028 (US$ Million)
7. North America Ultrafast Lasers Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Ultrafast Lasers Market Analysis – By Pulse Duration
8.1 Overview
8.2 North America 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. North America Ultrafast Lasers Market Analysis – By Application
9.1 Overview
9.2 North America 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. North America Ultrafast Lasers Market – Country Analysis
10.1 Overview
10.1.1 North America: Ultrafast Lasers Market- by Key Country
10.1.1.1 US: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Ultrafast Lasers Market- by Type
10.1.1.1.2 US: Ultrafast Lasers Market- by Pulse Duration
10.1.1.1.3 US: Ultrafast Lasers Market- by Application
10.1.1.2 Canada: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Ultrafast Lasers Market- by Type
10.1.1.2.2 Canada: Ultrafast Lasers Market- by Pulse Duration
10.1.1.2.3 Canada: Ultrafast Lasers Market- by Application
10.1.1.3 Mexico: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Ultrafast Lasers Market- by Type
10.1.1.3.2 Mexico: Ultrafast Lasers Market- by Pulse Duration
10.1.1.3.3 Mexico: Ultrafast Lasers Market- by Application
11. North America Ultrafast Lasers Market- COVID-19 Impact Analysis
11.1 North America
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 Clark-MXR, Inc.
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. North America Ultrafast Lasers Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Ultrafast Lasers Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Ultrafast Lasers Market- by Pulse Duration – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Ultrafast Lasers Market- by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Ultrafast Lasers Market Segmentation
Figure 2. North America Ultrafast Lasers Market Segmentation – By Country
Figure 3. North America 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. US was the Largest Revenue Contributor in 2020
Figure 8. North America– PEST Analysis
Figure 9. North America Ultrafast Lasers Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. North America Ultrafast Lasers Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Ultrafast Lasers Market Revenue Breakdown, By Type, 2020 & 2028 (%)
Figure 14. North America Diode Pumped Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Mode Locked Diode Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Titanium Sapphire Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Fiber Lasers: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Ultrafast Lasers Market Breakdown, By Pulse Duration, 2020 & 2028 (%)
Figure 19. North America Picosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Femtosecond: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Ultrafast Lasers Market Breakdown, By Application, 2020 & 2028 (%)
Figure 22. North America Consumer Electronics: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Industrial: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Automotive: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Medical and Scientific: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Ultrafast Lasers Market, by Key Country – Revenue 2020 (US$ Million)
Figure 27. North America: Ultrafast Lasers Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Ultrafast Lasers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in North American Countries
- Amplitude Laser
- Clark-MXR, Inc.
- Coherent, Inc.
- Jenoptik AG
- KMLabs
- Laser Quantum
- NKT Photonics A/S
- Spark Lasers
- Wuhan Huaray Precision Laser Co., Ltd.
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