Ultrafast Laser Market to Witness a Healthy Y-o-Y Growth during 2020 to 2030
Verfasser: ashwani_kailiya on Monday, 11 January 2021The ultrafast laser market is projected to record an impressive CAGR of 14 % over the forecast period, 2020-2030. High-dimensional precision accomplished with ultrafast lasers boosts their implementation in the production sector, thus fuelling the growth of the market.
"Surging demand in the automotive and medical sector is expected to offer new prospects, post COVID-19 crisis for the expansion of the ultrafast laser market.," says the Fact.MR report.
Ultrafast Laser Market- Key Takeaways
The global ultrafast laser market is estimated to attain a market estimation of US$ 5.4 Bn towards 2030 end.
North America will be foreseeing a lucrative growth in the global market, wherein East Asia will emerge as the fastest growing region over the forecast period.
Consumer electronics will be witnessed as the most remunerative end use category during 2020-2030.
The ultrafast fiber laser category will account for market share of 42% in the global market.
Micromachining is anticipated to be most preferred application over the projected period.
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Ultrafast Laser Market - Driving Factors