Ultrafast Laser Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Type:

Based on the type, the market is segmented into titanium–sapphire lasers, fiber lasers, dye lasers, mode-locked lasers, and others.

Trends in the technology:

• The trend towards compact, powerful, and cost-effective solutions is propelling the mode-locked lasers.
• The revolutionizing medical imaging and advancing optical communications is propelling the growth of titanium–sapphire lasers.

The fiber laser accounted for the largest revenue share of 29.83% in the year 2023.

• The fiber lasers are majorly used in applications such as scientific research, medical technology, and materials microprocessing driving the growth of fiber lasers.
• They offer a range of benefits including ultra-short pulse, high peak power, high repetition rate, and ease of use, among others.
• Moreover, they are utilized in supercontinuum generation, ultrafast spectroscopy, multiphoton imaging, and other industrial applications that require ultrafast fiber laser systems.
• For instance, in November 2023, RPMC Lasers Inc. partnered with fluence technology for the distribution of RPMC ultrafast fiber laser portfolio and other devices.
• Thus, as per the analysis, the rising adoption in scientific research and medical technology is driving the fiber-based ultrafast laser market trends.

The mode-lock laser is anticipated to register the fastest CAGR during the forecast period.

• Mode-locking is a process of generating ultra-short pulses in picoseconds or femtoseconds. Additionally, the mode-lock laser is majorly used in corneal eye surgery and femtosecond laser micromachining due to its elevated level of accuracy.
• Moreover, the benefits of mode lock laser include high speed, high pulse-peak intensity, and broad-spectrum coverage for applications such as making or breaking molecular bonds during chemical reactions boosting the ultrafast laser market growth.
• For instance, in November 2023, the Photonics team developed ultrafast mode-lock lasers. The system features high performance and accuracy with a compact design that fits on a fingertip.
• Therefore, the aforementioned benefits and rising adoption in various applications are anticipated to boost the growth of the market during the forecast period.

By Pulse:

Based on the pulse, the market is bifurcated into picosecond and femtosecond.

Trends in the Pulse:

• The rising adoption of picosecond laser in dermatology for facial photoaging and enlarged facial pores among others due to reduced thermal diffusion.
• The rising adoption of femtosecond laser in the LASIK or cataract surgery.

The femtosecond accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR during the forecast period.

• The lasers emit optical pulses in femtoseconds which is 10⁻¹⁵ seconds and the technique used is mode-locking.
• Moreover, the rising adoption of material processing due to reduced thermal damage of materials is driving the market.
• Additionally, they offer a range of benefits including high peak power, high accuracy, and precision, among others.
• Further, they are utilized in biology or chemistry, material processing, and other industrial applications requiring laser systems.
• For instance, in October 2024, TeraXion launched VINCI-1064, which is a femtosecond fiber laser. The laser system is ideal for applications such as multiphoton microscopy and two-photon polymerization. Additionally, the features include high peak power, short pulse duration, low cost, and others.
• Thus, as per the analysis, the rising adoption in material processing is driving the femtosecond ultrafast laser market trends.

By End-User:

Based on the end-user, the market is segmented into research, consumer electronics, healthcare, automotive, aerospace and defense, and others.

Trends in the End-users:

• The trend towards the development of exhaust gas sensors, which are mostly used in the automotive sector with the help of laser systems, is driving the market trend.
• The laser system is increasingly adopted in the manufacturing of aerospace components due to the integration of sensors for improving the lifespan of metal.

The research accounted for the largest revenue share in the year 2023.

• The laser systems help researchers with the investigation of a wide range of medical, chemical, and biological phenomena. Also, in research and development high intensity and short duration laser is required which in turn drives the ultrafast laser market demand.
• Further, the rising need for understanding electronic structure and quantum mechanics is propelling researchers to adopt and advance the market.
• For instance, in August 2020, according to the Ministry of Science & Technology India, scientists developed an eco-friendly that protects biomedical and other applications. The self-cleaning surface utilizes an ultrafast laser for the fabrication of the surface which eliminates the need for coating or surface treatment.
• Thus, as per the analysis, the rising adoption in research and investigation is driving the ultrafast laser market share.

Healthcare is anticipated to register the fastest CAGR during the forecast period.

• The laser system plays a key role in various healthcare industry applications which includes treatment of wet macular degeneration, cataract surgery as well as correction of corneal astigmatism, among others.
• Further, the rising adoption in the surgical application of laser due to its non-linear interaction with the cell tissues and low heat output is boosting the ultrafast laser market demand in the healthcare sector.
• For instance, in January 2024, The INRS team partnered with McGill University Health Centre for the demonstration to show radiation treatment of cancer with the help of ultrafast laser technology.
• Thus, according to the ultrafast laser market analysis, the rising adoption in surgical applications is anticipated to boost the evolution of the market during the forecast period.