High Power CW DUV Lasers Market Report Overview
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The global high power CW DUV lasers market size was USD 50 million in 2022 & the market is expected to reach USD 127 million in 2031, exhibiting a CAGR of 11.0% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the high power CW DUV lasers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
High power CW DUV lasers refer to high-power continuous-wave lasers that operate in the deep ultraviolet (DUV) wavelength range. "Continuous-wave" means that the laser emits a constant output of light without any pulsation, as opposed to pulsed lasers that emit light in short bursts.
The market for high power CW DUV lasers is predicted to grow steadily over the forecast period due to technological advancements, industrial demands, and the need for more efficient and precise laser systems in various applications. Furthermore, the market is split by type, by application and by regional expansion of the market. Based on the type of product, below 50mW, 50mW-300mW, and above 300mW are common laser machines in the market. While, fiber bragg grating, semiconductor testing, raman spectra, and research laboratory are the key application segments to raise the demand for the machine.
COVID-19 Impact: Pandemic Decreased the Demand for Laser Machines in Various Application Industries
The initially stage of COVID-19 pandemic witnessed lockdowns, travel restrictions, and temporary closures of manufacturing facilities which disrupted supply chains and led to delay in the production and distribution of laser components & systems. Besides, economic uncertainties and remote work arrangements caused delays in research projects and capital investments, which affected purchasing decisions for high-cost equipment similar to DUV lasers. However, as industries adapted to the new normal, some segments alike medical diagnostics and online connectivity contributed to sustained demand for laser technology which is projected to continue to rise in the coming years and will likely boost market growth.
Latest Trends
"Trend of Advanced Lithography for Semiconductor Manufacturing Support the Market Outlook"
The market for high power CW DUV lasers is growing substantially driven by several key factors, emerging trends, and development in the market which are attributed to expanding market dynamics. The growing trend of advanced lithography for semiconductor manufacturing is gaining traction which is anticipated to expand the market. As. the semiconductor industry's demand for higher resolution and smaller feature sizes is driving the development of advanced lithography techniques and these high-power lasers played a crucial role in enabling these technologies for more intricate chip designs. Additionally, the trend toward miniaturization in electronics and the rise of nanotechnology applications led to an increased demand for these lasers for precise micro-machining, patterning, and nanomaterial processing. As a result, these ongoing trends and technology innovations are ascribed to contribute to the market’s growth during this projection period.
High Power CW DUV Lasers Market Segmentation
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- By Type Analysis
According to type, the market can be bifurcated into Below 50mW, 50mW-300mW, and Above 300mW.
- By Application Analysis
Based on application, the market can be divided into Fiber Bragg Grating, Semiconductor Testing, Raman Spectra, and Research Laboratory.
Driving Factors
"Rising Growth of Semiconductor Industry Surge the Demand for Laser Machine"
The semiconductor industry's continuous advancement and demand for smaller and more powerful microchips drive the need for high-resolution lithography, which relies on DUV lasers. As semiconductor technology evolves, the demand for DUV lasers with higher power and precision increases which is likely to enhance the high power CW DUV lasers market growth throughout the projection timeframe.
"Growing Research and Development Escalate the Market Growth "
Ongoing research efforts to improve laser technology, efficiency, power output, and safety play a crucial role in driving the market. Advancements in laser diode and solid-state laser technologies contribute to the development of high-power CW DUV lasers. Along with this, DUV lasers are required in various industries, including microelectronics, medical devices, materials processing, and scientific research. The need for precise material ablation, micro-machining, and other processes fuels the demand for high-power lasers which also contribute to the expansion of the market.
Restraining Factors
"High Initial Costs Can Curb the Market Expansion"
Although the market is progressive, however, the high cost of these lasers can impede market expansion. As, the development, manufacturing, and maintenance of high-power CW DUV lasers can involve significant costs. This can deter some potential buyers, especially smaller businesses and research institutions with limited budgets.
High Power CW DUV Lasers Market Regional Insights
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"Asia-Pacific Dominates the Market Due to Strong Presence in Semiconductor Manufacturing Industry"
According to a market review, the Asia Pacific region is anticipated to lead the market due to its strong presence in the semiconductor manufacturing industry. Countries such as Japan, South Korea, and China are known for their advanced semiconductor fabrication facilities, which extensively use DUV lasers in lithography processes. The region's focus on technological advancements, coupled with the presence of major semiconductor manufacturers, is expected to contribute to its leadership position in the market.
Key Industry Players
"Key Players Effort to Develop Lasers that Offer Better Beam Quality to Cater to Evolving Needs of Application Industries"
Major companies in the market stimulate growth through their innovative technologies, tailored products, and collaborations. They expand applications, educate industries through workshops, and ensure regulatory compliance. Also, customization, customer support, and eco-friendly solutions foster adoption, while investments in emerging markets and participation in industry events expand their reach. In addition to this, the global top three prominent companies account for the highest high power CW DUV lasers market shares. Moreover, these efforts collectively advance the market, offering safer and more efficient laser solutions to diverse industries.
List of Market Players Profiled
- Coherent
- CryLas
- OXIDE Corporation
Report Coverage
This report defines the high power CW DUV lasers market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 50 Million in 2022 |
Market Size Value By |
US$ 127 Million by 2031 |
Growth Rate |
CAGR of 11% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global high power CW DUV lasers market expected to touch by 2031?
The global high power CW DUV lasers market is expected to touch USD 127 million in 2031.
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What CAGR is the high power CW DUV lasers market expected to exhibit during 2022-2031?
The high power CW DUV lasers market is expected to exhibit a CAGR of 11.0% over 2022-2031.
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What are the key driving factors of the high power CW DUV lasers market?
The growing technological advancements, industrial demands, and the need for more efficient and precise laser systems in various applications are the key driving factors of the high power CW DUV lasers market.
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What are the key players in the high power CW DUV lasers market?
The key players in the high power CW DUV lasers market including Coherent, CryLas, and OXIDE Corporation are the top players in the market.
