Europe Ultrafast Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Pulse Duration, and Application

Europe Ultrafast Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Pulse Duration, and Application

  • July 2021 •
  • 124 pages •
  • Report ID: 6134664 •
  • Format: PDF
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. 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. Laser manufacturers have developed a new generation of femtosecond (fs) lasers for industrial users based on new material—ytterbium doped fiber. This material has the capability of much higher powers than previous femtosecond lasers and is usually wrapped in a master oscillator/power amplifier (MOPA) internal configuration. Further, there has also been recent development in picosecond (Ps) lasers for industrial application. Industries are showing interest in using picosecond laser for lower power applications such as drilling small holes, marking in automotive, and manufacturing medical and semiconductor devices. This has created a significant demand for Ps lasers. The lower cost of ownership and pulse-to-pulse stability are among the few benefits of Ps lasers. One of these newly developed Ps laser is Rapid NX series from Coherent Inc., and it offers many watts of near infrared output in an efficient form. Further, developments have been observed in high power Ps lasers such as HyperRapid NX series (Coherent Inc.) that has the capacity to deliver ~100 watts in the near infrared spectrum. Additionally, rising usage of laser technology is among the other factors expected to fuel the demand for ultrafast lasers in Europe.
Based on type, the fiber lasers segment led the Europe ultrafast lasers market in 2020.The fiber laser is a variation on the standard solid-state laser.

A key element for fiber lasers is that the fiber has a large surface-to-volume ratio so that heat can be dissipated relatively easily.The fiber-based laser design is extremely adaptable.

It can be adapted to do wide range of activities, i.e., from welding heavy sheets of metal to producing femtosecond pulses. The dopant that is at core of fiber laser includes ytterbium and erbium. Ytterbium has center wavelengths ranging from about 1,030 nm to 1,080 nm, and erbium fiber lasers emit at 1,530 nm to 1620 nm. The industrial market is the largest market for fiber lasers. The automotive industry is turning to advance and strong steel to produce cars that meet durability requirements although are comparatively light. To cut such strong steel, fiber laser is being used. Fiber laser are also used for extreme power requirement in navy or defense. Some of the key players offering fiber laser are Coherent Inc. and Amplitude Laser.
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.
The overall Europe ultrafast lasers market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Europe ultrafast lasers market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe ultrafast lasers market. 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 key players operating in the Europe ultrafast lasers market.
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