The China ultrafast laser market is estimated to grow at a CAGR of 23.02% to reach a market size of US$1,575.214 million in 2027 from US$369.332 million in 2020.
Evolving industry standards and the growing requirement for enhanced and accurate components
Stringent amendments and regulations such as ISO and ANSI, among others, being formulated across different industries are encouraging different market players to make use of enhanced and advanced machines such as ultrafast laser machines, for cutting, welding, and machining purposes to meet the accuracy, dimensioning material, and other requirements. Thus, these factors are leading to increasing demand for ultrafast lasers.
Furthermore, product offerings are one of the initiatives being taken by the market players to maximize profit and gain a competitive edge, while fulfilling the ever-rising demand for enhanced ultrafast laser equipment. For instance, Wuhan Huaray Ultrafast Fiber Laser Technology Co., Ltd. offers a variety of products under its portfolio. It offers the “HR-Femto-50 Industrial Femtosecond Fiber Laser”, developed for use in high precision industrial and scientific manufacturing. The product line includes two products, which are ideal for applications such as medical devices, manufacturing, and processing of thin-film materials. Some of the product features are ruggedness and robust mechanical design, the ability to support Burst Mode combinations, and tunable pulse duration among others. NKT Photonics, another company dealing with the manufacturing and sale of industrial ultrafast lasers to different industries for a wide range of applications offers “ONEFIVE ORIGAMI XP HIGH ENERGY FEMTOSEOND LASER”. It is a type of industrial ultrafast laser that has been powered with an air-cooled technology and supports dual-wavelength modes, it is available at an affordable cost, has an industrial and rugged design, and is available with a water-cooling option. It also consists of some other enhanced features.
Over the forecast period, medical processing and manufacturing will have a significant share.
By application, the market has been segmented into research, spectroscopy, imaging, and medical processing, among others. Medical processing is expected to hold a significant market share during the forecast period due to the increasing number of health problems among individuals and the need for efficient and precise medical devices capable of facilitating complete and effective diagnosis and treatment for various conditions. In addition, the manufacturing of various components for use in different industries, such as automotive, which is among the most developed industries in the country, is contributing to the further growth of this segment and increasing its market share. Moreover, it is also used in the electronics industry to carry out precise laser welding operations for smaller components to achieve a clean and accurate joint.
Recent Developments and expansions
The COVID-19 epidemic slowed down the growth of the ultrafast laser market in China. Due to the outbreak, all production operations had been temporarily shut down to contain the coronavirus's spread and adhere to the social distance standards enforced by regional and national governmental organizations. Furthermore, supply chain problems were being caused by the shutdown of manufacturing facilities. However, total revenue and cash flow are expected to increase in the third quarter of 2020 as production re-started and the market for ultrafast lasers began to rebound.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. China Ultrafast Lasers Market, By Type
5.2. Diode- Pumped Lasers
5.3. Mode-Locked Diode Lasers
5.4. Titanium- Sapphire Lasers
5.5. Fiber Lasers
6. China Ultrafast Lasers Market, By Pulse
7. China Ultrafast Lasers Market, By Application
7.3. Spectroscopy and Imaging
7.4. Medical Processing
8. Competitive Intelligence
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Wuhan Huaray Ultrafast Fiber Laser Technology Co., Ltd.
9.2. Han’s Laser Technology Industry Group Co., Ltd.
9.3. NKT Photonics A/S
9.4. Thorlabs, Inc.
9.5. KM Labs
9.6. Amplitude Laser
9.7. Wuhan Raycus Fiber Laser Technologies Co., Ltd.
9.8. Shenzhen JPT Opto-electronics Co., Ltd.
9.9. Shandong Raytu Laser Technology Co., Ltd.
9.10. Maxphotonics Co,.Ltd
Wuhan Huaray Ultrafast Fiber Laser Technology Co., Ltd.
Han’s Laser Technology Industry Group Co., Ltd.
NKT Photonics A/S
Wuhan Raycus Fiber Laser Technologies Co., Ltd.
Shenzhen JPT Opto-electronics Co., Ltd.
Shandong Raytu Laser Technology Co., Ltd.
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