The performance of ultrafast semiconductor disk lasers has rapidly advanced in recent decades. The strong interest from industry for inexpensive, compact, and reliable ultrafast laser sources in the picosecond and femtosecond domains has driven this technology toward commercial products. Frequency metrology and biomedical applications would benefit from sub-200-femtosecond pulse durations with peak powers in the kilowatt range. The aim of this review is to briefly describe the market potential and give an overview of the current status of mode-locked semiconductor disk lasers. Particular focus is placed on the ongoing efforts to achieve shorter pulses with higher peak powers.