DUBLIN--(BUSINESS WIRE)--The "Global Ultrafast Lasers Market - Segmented by Type, Application, Pulse Duration, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Ultrafast Lasers Market was valued at USD 2.69 billion in 2017, and is expected to reach a value of USD 10.27 billion by 2023, at a CAGR of 24.96%, during the forecast period (2018-2023).
Automotive Industry is an Important Innovation Initiator in Ultrafast Lasers Market
The automotive industry has been a driving force behind the innovations in high-powered laser applications for past two decades. Ultrafast lasers are increasingly used to perform micro-structuring in the automotive industry. One such technique is making an array of small pits on the surface of a part. These small pits hold oil because of the surface tension and prevent direct metal-to-metal contact, thus significantly reducing the friction between the moving parts.
These ultrafast lasers are most useful for micro-structuring on parts that have an intricate shape, as it can be used to rapidly process even the most complex surface geometries. One example of this kind of micro-structuring is turbocharger turbine wheel shafts. These parts are subjected to large forces and rotate at high speeds. In order to reduce the friction, increase operating efficiency, and improve product life, ultrafast lasers can be used to produce small pits of size around 40-100 m in length and 10-20 m in width on the shafts.
Key Developments in the Market
- January 2018 - Femtosecond Lasers Extend Glass cleaving to Mixed Materials. Engineers in Coherent's applications laboratory performed tests of this laser for glass filamentation. Monaco can cut glass up to several millimeters in thickness by utilizing the burst mode, where the laser output is allowed to be grouped into a series of fast bursts. The minute spacing of 20 nanoseconds between individual pulses that creates a material interaction proportional to the entire burst energy, as opposed to the power of a single pulse. To achieve a continuous cut, these lasers generated filaments are produced very close to each other by a relative movement of the workpiece concerning the laser beam. The typical filament diameter is in the range of 0.5 m to 1 m, enabling very high precision cutting
- August 2017 - In a collaborative effort involving Coherent scientists & engineers that developed & optimized a custom Tm3+ laser, and the research team of professor Thomas Milner in the Biomedical Engineering Department at the University of Texas, Austin, surgical application of thulium based lasers approached viability
- Amplitude Systemes
- Coherent Inc.
- Fianium Ltd
- JDS Uniphase Corp.
- Laser Quantum Ltd.
- Newport Corp.
- Attodyne Inc.
- DPSS Laser Inc.
- Femtolasers Productions GmbH
- Imra America
- Jenoptik Laser GmbH
- Mound Laser & Photonics Center Inc.
- Trumpf Group
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Global Ultrafast Lasers Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Outlook of Ultrafast Lasers Market
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