China ultrafast lasers market is projected to grow at a CAGR of 24.06% between 2019 and 2025.
Evolving industry standards and the growing requirement of 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 in order to meet the accuracy, dimensioning material and other requirements. Thus, these factors are leading to an increasing demand for ultrafast lasers .
Furthermore, product offerings is one of the initiatives being taken by the market players for maximizing the profit, and gain a competitive edge, while fulfilling the ever-rising demand of enhanced ultrafast lasers equiopment. For instance, Wuhan Huaray Ultrafast Fiber Laser Technology Co., Ltd. offers a variety of products under its portfolio. It offers “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, ability to support Burst Mode combinations, and tunable pulse duration among some others. NKT Photonics, another company dealing with the manufacturing and sale of industrial ultrafast lasers to different industries for a wide range of applications offer “ONEFIVE ORIGAMI XP HIGH ENERGY FEMTOSEOND LASER”. It is a type of an industrial ultrafast laser that has been powered with an air-cooled technology, supports dual-wavelength modes, it is available at affordable cost, has an industrial and rugged design and is available in water cooling option and also consists of some other enhanced features.
Medical Processing and Manufacturing to hold a significant share over the forecast period
By application, the market has been segmented into research, spectroscopy, and imaging, and medical processing among others. Medical processing is expected to hold a significant market share over the forecast period owing to the increasing number of health problems individuals and the requirement of efficient and precise medical devices, able to facilitate complete and effective diagnosis and provide treatment for different 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.