Global Solid-State Laser Market 2016-2020

Market outlook of the global solid-state lasers market

A solid-state laser consists of an active laser medium, which is a solid that comprises of glasses or crystals doped with rare earth elements. The global market for solid-state lasers is positively affected by the augmented demand for lasers in low-power applications, which results in its moderate market value of approximately USD 850 million by 2020.

The augmented usage of solid-state lasers in the healthcare industry is the key driver for the growth of this market. The augmented usage of such lasers in the field of dentistry by large and small-scale dentists across the globe is envisaged to result in market growth during the forecast period. Additionally, the ability of such lasers to facilitate general surgical procedures and skin rejuvenation therapies is predicted to incite market growth during the forecast period.

Application-based segmentation of the solid-state lasers market

• Communication
• Medical
• Materials processing
• Data storage
• Defense
• Automotive

Technavio’s market research analyst estimates the communication segment to account for more than 40% of the total market share by 2020. This segment is closely followed by the medical segment and the materials processing segment, which includes applications like marking, engraving, welding, and cutting. 

Geographical segmentation of the solid-state laser market

• APAC
• Europe
• North America
• ROW

In this market research report, analysts estimate the APAC region to account for more than 43% of the total market share by 2020. The presence of several large manufacturing plants in this region is expected to account for this region’s high market share during the forecast period.

Competitive landscape and key vendors

The competitive environment in this market is expected to intensify owing to factors like the increase in R&D innovations, growing competition from alternate laser technologies, and the increasing M&A activities in the next four years.  The market is also likely to witness a growing trend of acquisitions by the leading players, which will result in intense competition between the leading vendors.

The leading vendors in this market are -

• Coherent
• Rofin-Sinar Technologies
• Trumpf

Other prominent vendors analyzed in this market study are EKSPLA, JDS Uniphase, Jenoptik, Laserglow Technologies, Photonics Industries, Photonic Solutions, and Quanta System.

Key questions answered in the report

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global solid-state lasers market?
• What are the key market trends impacting the growth of the global solid-state lasers market?
• What are the challenges to market growth?
• Who are the key vendors in the global solid-state lasers market?
• What are the market opportunities and threats faced by the vendors in the global solid-state lasers market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global solid-state lasers market?

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