Strategies Unlimited (Mountain View, CA) has released its latest market research report on the ultrafast laser market. While this market is relatively small when compared with the total laser market, the rate of growth is more than double that of lasers as a whole.
Related: Ultrafast laser market—the battle of value vs. cost
“With many promising technology and application trends, and falling prices, these last several years have been an exciting time for ultrafast laser manufacturers," says Strategies Unlimited senior analyst Allen Nogee.
The ultrafast laser report offers insightful analysis and a forecast through 2019 of the ultrafast laser market by laser type and application, and separated for picosecond and femtosecond lasers. Ultrafast laser types are further separated by fiber, Ti:sapphire, Nd:YAG, disk, and other lasers.
Over the last few years, and for the next few years, the ultrafast market has been undergoing dramatic changes. The once-eccentric laser type has slimmed down, become much more reliable, and transformed into an important tool for medicine, research, telecom, semiconductor inspection, and material processing, especially mobile electronics. As prices have dropped, competition between manufacturers has increased, as has the number of applications for these lasers.
In the forecast period to 2019, Strategies Unlimited anticipates that ultrafast fiber laser revenue will grow at the fastest rate, and at an even faster rate than fiber laser revenue is growing for all lasers as a whole. The report also finds that femtosecond lasers are growing faster than picosecond lasers. The price differences between the two are shrinking, which is leading to greater use of femtosecond lasers in areas where picosecond lasers were formally used.
The report, titled Ultrafast Lasers: Market Analysis and Forecast 2015, is available for purchase at www.strategies-u.com.