March 15, 2017
Wellesley, Mass., Mar 15, 2017 – New proprietary research by BCC Research reveals that governmental mandates promoting laser marking in the industrial sector and the increasing demand for minimally invasive surgeries in the health care sector are boosting huge growth in the global market for ultrafast lasers. From 2016-2021, this ultrafast-growing market should more than triple, leaping from $2.7 billion in 2016 to almost $7.1 billion in the end year.
BCC Research's Ultrafast Lasers: Technologies and Global Markets reports that fiber lasers dominated the overall market with a share of 54.2%, Due to its features, such as high optical quality, high output power and high vibration reliability; these have replaced other traditional ultrafast lasers in recent years.
"Factors supporting the growth of ultrafast lasers include their unmatchable high range intensity due to their low divergence angles, minimal energy loss in the overall path covered, and their high level of energy," says Kevin Fitzgerald, BCC Research editorial director. "There's nothing that matches up with ultrafast lasers, and that's not expected to change for the near future."
Strong Growth Related to Increased Applications
After many years in research and development, ultrafast laser technology is now finding extended applications, including the medical and photovoltaic sectors.
"Also, declining prices are enabling users to find more new applications of ultrafast lasers," notes Fitzgerald. "For example, fiber lasers are enabling lower-priced products, which are necessary for micromachining. Also, Q-switched lasers are being substituted with ultrafast lasers, as well."
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
Ultrafast Lasers: Technologies and Global Markets( PHO017B )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.