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Deep UV Laser Market Report overview
The global deep UV lasers market size expanded rapidly in 2022. As per our research, the market is expected to generate a substantial revenue by 2031, a robust CAGR during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the deep UV lasers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributed to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
The global deep UV laser market is also known as exciplex laser, is a form of ultraviolet laser. It is designed to meet the needs of scientific fields, semiconductor industries. It also provides the size, weight, and the power consumption of a HeNe laser and the wavelengths and average power levels of table top excimer lasers, frequency doubled water cooled argon lasers. It is rugged and reliable with coaxial gain medium and internal mirrors. But these new lasers provide output at wavelengths from 224 nm to 270 nm in the deep ultraviolet. This deep UV laser provide their UV output with input power levels less than 100 W. Therefore, there are no thermal management issues, no water cooling, no heat exchanges.
The global deep UV laser market can be credited to upsurge in the demand due to rapid growth of industrialization, and automation. Increasing demand from the electronics industry, healthcare industry, 3D printing and aerospace and defence industry has increased sales of UV lasers and generates more profits. UV lasers are used in medical applications such as ophthalmology, dermatology, and surgery. Growing demand for consumer machinery equipment and sales through online e-commerce channels is anticipated to drive market growth during the forecast period.
COVID-19 Impact: Decrease in demand for automotive vehicles led to decelerated the market growth
The effects of COVID-19 pandemic are already being felt on global level, the global deep UV laser was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the machinery and equipment as well. UV laser market is closely tied to the automotive industry, which is significant consumer of deep UV lasers for various applications such as laser marking, welding, cutting, and drilling so when demand for automotive vehicles decreases, there is a subsequent reduction in the need for UV lasers in manufacturing processes within the automotive sector.
LATEST TRENDS
"Increasing demand in hospital industry as more numbers of medical applications work with the help of UV lasers"
UV lasers are now becoming immensely useful in the healthcare industry because a vast number of medical applications work with the help of UV lasers such as microdissection, forensic, photo-ablation, nanotechnology. These are some new trends that are brought into the UV laser industry and play an important role in increasing the demand for production of lasers. The features of laser diodes such as low power requirement and portable size and weight with high efficiency are increasing their adoption in various applications of industries, which significantly contributes to the growth of the global UV lasers market.
Deep UV Laser Market Segmentation
- By Type
Based on type, the global deep UV laser market is divided into low and medium power and high power.
- By Application
Based on application, the market is divided into scientific, semiconductor and others.
DRIVING FACORS
"Demand from automotive industries to boost market growth"
The UV laser diode market growth is driven by the increasing uptake of multi-mode diode lasers and visible and UV laser diodes across the automotive industry, the rise in strategic initiates among leading players and the surging uptake of visible and UV laser diodes for medical applications.
"Increased adoption of green diodes proved to be profitable"
Another driving factor is the increased adoption of green laser applications, aerospace, biotechnology and others are primarily driving the global laser diode market. Solid state is the largest segment, with a share and in terms of application, industrial manufacturing is the largest application. Ascribed to, high efficiency, magnificent beam quality and superior reliability, these green laser diodes are used in numerous industrial applications.
RESTRAINING FACTORS
"Blue LEDs are giving tough competition to the market which is hindering the market growth"
The market faced soaring competition and frequently changing dynamics. In order to reach the efficiency as high as those of blue LEDs in terms of performance the present state of UV LEDs nonetheless needs to be improved. The high uptake of LEDs over laser diodes is restricting the UV laser market’s growth.
External quantum efficiency (EQE) is one of the most effective parameters to improve the performance of LEDs. There are operating challenges, such as the laser diodes may get damaged due to high temperatures. This technical issue is expected to have a major negative impact on the laser diode market during the forecast on improving laser diodes, and are expected to overcome this restraint during the forecast period.
Deep UV Laser Market Regional Insights
"Presence of Prominent Automotive Industries to Propel Market Progress in North America"
North America is expected to dominate the UV lasers market share. North America in terms of demand generation is ahead of other countries due to its vast population and large number of automotive industries. The laser market in North America witnessed a significant surge in demand due to its usage in disinfecting surfaces and germ-killing properties. This region also having broad range of industries that use UV lasers, including industrial manufacturing, healthcare and research. This diverse range of industries has created a large market for UV lasers, driving demand and contributing to North America’s dominant market share.
Asia Pacific is having large market share in this market as it is home to several rapidly growing economies, including China, Japan, South Korea and India. These countries witnessed substantial industrialization and manufacturing activities in various sectors such as electronics, automotive, healthcare and semiconductors. It is extensively used in these industries for applications like precision cutting, drilling, lithography and microfabrication, which has boosted the demand in this region.
KEY INDUSTRY PLAYERS
"Market Players to focus on advanced equipment to gain growth"
The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue and making a difference with their products.
List of Market Players Profiled
- Photon Systems (U.K.)
- Coherent (California)
- Oxxius (France)
- UnikLasers (United Kingdom)
- Lexel Lasers (U.S)
- UVC Photonics (New York, U.S.)
- Inno Laser (China)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
Frequently Asked Questions
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Which is the leading region in the deep UV laser market?
North America region is the prime area for the deep UV laser market, demonstrating its leadership in the field.
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Which are the driving factors of the Deep UV Laser market?
Drivers of this Deep UV Laser market are heaving demand for automotive industries and adoption of green lasers diodes.
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Which are the key players or most dominating companies functioning in the Deep UV Laser market?
The dominating companies in the Deep UV Laser market are Photon Systems, Coherent, Oxxius, UnikLasers, Lexel Lasers, UVC Photonics, and Inno Laser.