Market Overview:
The global picosecond lasers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to factors such as technological advancements in picosecond lasers, rising demand for minimally invasive surgeries, and increasing applications of picosecond lasers in various industries. Based on type, the global picosecond lasers market is segmented into below 50W, 50-100W, and above 100W segments. The above 100W segment is expected to account for the largest share of the global picosecond lasers market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Based on application, the global Picosecond Lasers Market is divided into scientific research and military; medical and aesthetic; micromachining/material processing; other applications segments. The medical and aesthetic application segment accounted for majority share of total revenue generated by Picoseond Lasers Market in 2017and this trend is anticipated continue throughout forecast period .
Product Definition:
A picosecond laser is a type of laser that emits short pulses of light with a duration on the order of trillionths of a second (10-12 seconds). Picosecond lasers are used in various applications, including spectroscopy, microscopy, and materials processing.
Below 50W:
The below 50W market is expected to grow at a significant rate over the forecast period. The key drivers for this market are increasing demand from end-use industries such as medical, dental and aesthetic, and aerospace & defense. Furthermore, growing adoption of picosecond lasers in these application areas is also expected to fuel the growth of this market during the forecast period.
Below 50W segment has been further categorized into 5 - 40W, 40 - 30W.
50-100W:
The 50-100W is a range of power supply devices used in picosecond lasers. It is also known as femtosecond laser or picosecond laser generator (LLG). The LLG works on the principle of optical frequency comb, which generates high-frequency ultraviolet light. These lasers are mainly used for cutting and welding operations in various industrial applications such as automotive, aerospace & defense, electronics manufacturing industries.
Application Insights:
The other application segment includes semiconductor processing, cutting and welding, chemical processing, biological/chemical detection and spectroscopy. The use of picosecond lasers for various applications is expected to witness a CAGR of XX% from 2018 to 2030 owing to their high energy density which makes them suitable for industrial purposes.
The medical & aesthetic segment is estimated to register the highest growth rate in terms of revenue during the forecast period. Picosecond lasers are used in various medical procedures such as hair removal, skin rejuvenation and treatment of melasma (a darkening effect on the skin caused by exposure to sunlight). These lasers also find applications in cosmetic surgeries such as tattoo Removal (cosmetic tattooing), face & body contouring (body shaping) and hair removal treatments on chests, backs or any other part of the body that requires precision treatment.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and increased funding for research activities. The region is expected to continue its dominance over the forecast period due to increasing R&D spending by major companies. For instance, in May 2018, Lumenis announced that it received U.S.
Asia Pacific regional market captured a revenue share of more than 25% in 2017.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The demand for minimally invasive surgeries is increasing due to the benefits associated with them such as shorter hospital stays, reduced pain, and faster recovery times. Picosecond lasers are increasingly being used in these procedures as they offer superior precision and accuracy compared to other laser technologies.
- Growing use of picosecond lasers in cosmetic surgery: Picosecond lasers are finding increasing application in cosmetic surgery procedures such as hair removal, tattoo removal, and skin resurfacing. They offer superior results compared to other laser technologies due to their ability to produce high-intensity pulses that can penetrate deep into the skin tissue without causing damage or excessive heating.
- Rising prevalence of eye diseases: The prevalence of eye diseases is rising globally due to factors such as aging population, increased exposure to UV radiation, and unhealthy lifestyle habits. This is driving the demand for picosecond lasers for ophthalmic applications such as treatment of cataracts, glaucoma, macular degeneration, and diabetic retinopathy.
- Growing adoption of picosecond lasers in research laboratories: Picosecond lasers are increasingly being adopted by research laboratories for a variety of applications including spectroscopy measurements,, ultrafast optical data transmission,,and photochemistry studies.. Their small size and low cost make them ideal tools for researchers who need a portable source of pulsed light energy with high spectral purity .
Scope Of The Report
Report Attributes
Report Details
Report Title
Picosecond Lasers Market Research Report
By Type
Below 50W, 50-100W, Above 100W
By Application
Scientific Research and Military, Medical and Aesthetic, Micromachining/Material Processing, Other
By Companies
Trumpf, Coherent, MKS Instruments (Spectra-Physics), IPG Photonics, NKT Photonics, Lumentum, EKSPLA, Grace Laser, YSL PHOTONICS, Wuhan Huaray Precision Laser
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Picosecond Lasers Market Report Segments:
The global Picosecond Lasers market is segmented on the basis of:
Types
Below 50W, 50-100W, Above 100W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Scientific Research and Military, Medical and Aesthetic, Micromachining/Material Processing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trumpf
- Coherent
- MKS Instruments (Spectra-Physics)
- IPG Photonics
- NKT Photonics
- Lumentum
- EKSPLA
- Grace Laser
- YSL PHOTONICS
- Wuhan Huaray Precision Laser
Highlights of The Picosecond Lasers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 50W
- 50-100W
- Above 100W
- By Application:
- Scientific Research and Military
- Medical and Aesthetic
- Micromachining/Material Processing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Picosecond Lasers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Picosecond lasers are the shortest-wavelength lasers that can be produced using current technology. They have a wavelength of 1 femtosecond (10−15 seconds).
Some of the key players operating in the picosecond lasers market are Trumpf, Coherent, MKS Instruments (Spectra-Physics), IPG Photonics, NKT Photonics, Lumentum, EKSPLA, Grace Laser, YSL PHOTONICS, Wuhan Huaray Precision Laser.
The picosecond lasers market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Picosecond Lasers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Picosecond Lasers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Picosecond Lasers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Picosecond Lasers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Picosecond Lasers Market Size & Forecast, 2020-2028
4.5.1 Picosecond Lasers Market Size and Y-o-Y Growth
4.5.2 Picosecond Lasers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 50W
5.2.2 50-100W
5.2.3 Above 100W
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Scientific Research and Military
6.2.2 Medical and Aesthetic
6.2.3 Micromachining/Material Processing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Picosecond Lasers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Picosecond Lasers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 50W
9.6.2 50-100W
9.6.3 Above 100W
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Scientific Research and Military
9.10.2 Medical and Aesthetic
9.10.3 Micromachining/Material Processing
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 50W
10.6.2 50-100W
10.6.3 Above 100W
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Scientific Research and Military
10.10.2 Medical and Aesthetic
10.10.3 Micromachining/Material Processing
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 50W
11.6.2 50-100W
11.6.3 Above 100W
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Scientific Research and Military
11.10.2 Medical and Aesthetic
11.10.3 Micromachining/Material Processing
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 50W
12.6.2 50-100W
12.6.3 Above 100W
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Scientific Research and Military
12.10.2 Medical and Aesthetic
12.10.3 Micromachining/Material Processing
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 50W
13.6.2 50-100W
13.6.3 Above 100W
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Scientific Research and Military
13.10.2 Medical and Aesthetic
13.10.3 Micromachining/Material Processing
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Picosecond Lasers Market: Competitive Dashboard
14.2 Global Picosecond Lasers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trumpf
14.3.2 Coherent
14.3.3 MKS Instruments (Spectra-Physics)
14.3.4 IPG Photonics
14.3.5 NKT Photonics
14.3.6 Lumentum
14.3.7 EKSPLA
14.3.8 Grace Laser
14.3.9 YSL PHOTONICS
14.3.10 Wuhan Huaray Precision Laser
