Solid State Laser Market Growth Factors, Top Manufacturer and Forecast to 2021

Global Solid State Laser Market is segmented on the basis of type, light source, end-use industry, application and geography. Solid-state lasers encompass active laser medium (which is solid in state) that contains crystals or glasses pumped with rare earth elements. Solid-state lasers are preferred over other lasers such as excimer lasers such as excimer lasers because they are more reliable, efficient, robust and easier to operate. They are used for cutting and welding in industries such as manufacturing, automotive, electronics, healthcare and telecommunication. Their superior performance, compact size, high output power and durability have led to increased demand for solid-state lasers across several industries. The increasing use of solid state lasers in the healthcare vertical is the prime driver for the growth of the solid-state laser market. The in dentistry by large and small scale dentists around the world is foreseen to result in market growth in the upcoming years.
Browse Solid State Laser Market Report with TOC @ https://www.millioninsights.com/industry-reports/solid-state-laser-market
Additionally, these lasers are able to simplify general surgical procedures as well as skin rejuvenation therapies; which is predicted to inflame the market growth in future. The market is going through increased consolidation, a trend expected to continue during the forecast period. Existing vendors and new entrants are entering into acquisitions to either enter the market or broaden their portfolio. Over the past few years, the increasing adoption of information technology across various sectors is resulting in the growing use of a large amount of data. This is prompting consumers to implement highly efficient data storage solutions. The data stored in one system can be transferred to another through either portable data storage solution or Wi-Fi based local area network (LAN). However, the former is preferred to latter owing to the fact that it is more secure.
Portable data storage solutions are classified into optical storage and solid state drive. Optical data storage solutions take help of solid-state laser technology to write data on the disc. The demand for solid state lasers for data storage is strong as the loss of data due to the aging of drive is lesser in optical data storage. Based on type, the solid state laser market is classified as continuous wave lasers, pulsed solid state lasers and so on. Based on light source, the solid-state laser market is classified as laser diode, arc lamp and so on. “Laser diode” was the largest segment by revenue in 2016, owing to their higher efficiency and relatively lesser ownership cost. Based on application, the solid-state laser market is classified as healthcare, aerospace & defense, communication, medical, materials processing, data storage, automotive and so on.
The key players of solid-state laser market are Rofin-Sinar Technologies, Trumpf, Coherent, JDS Uniphase, EKSPLA, Jenoptik, Laserglow Technologies, Photonics Industries, Quanta System and Photonic Solutions.
Request a Sample Copy of Solid State Laser Market Report @ https://www.millioninsights.com/industry-reports/solid-state-laser-market/request-sample
The “communication” segment to account for more than 40% of the total market share in the coming years. This segment is closely followed by the medical segment and the “materials processing” segment which includes applications like marking, engraving, welding and cutting. Based on geography, the solid-state laser market is classified as North America, Asia Pacific, Europe, Latin America and Middle East & Africa. The Asia Pacific region is expected to account for the largest market share in the upcoming years; the reason being the existence of numerous manufacturing plants in the region.

Comments

Post a Comment

Popular posts from this blog

Spinal Implants & Devices Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2023 – 2030

  Spinal Implants & Devices Industry Overview The global  Spinal Implants & Devices Market  size is expected to reach USD 19.0 billion by 2030 and is expected to expand at a CAGR of 5.2% in the forecast period, from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of vehicular accidents is leading to increasing new cases of spinal cord injuries (SCIs). Other causes of SCIs include falls, violence, acts of violence, sports and recreation injuries, and diseases. Vehicular or road accidents and falls account for the majority of SCI cases. Fall-induced SCI is common among people aged 65 years and above. Acts of violence such as gunshot wounds or knife wounds account for around 12% of SCI cases. Sports activities such as diving in shallow water and impact sports lead to nearly 10% of SCIs. Cancer, osteoporosis, arthritis, and inflammation of the spinal cord also cause SCI. Based on National Spinal Cord Injury Statistical Center da...
Read more

Latin America Pharmaceutical Contract Manufacturing & Research Services Market Overview, Cost Structure Analysis and Forecast to 2030

  Latin America Pharmaceutical Contract Manufacturing & Research Services Industry Overview The  Latin America Pharmaceutical Contract Manufacturing & Research Services Market  size is expected to reach USD 40.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.5% from 2022 to 2030. The low cost of drug registration in Latin American countries and the economic growth are the key factors contributing to progress in this region. Moreover, factors such as the growing demand for generics, rising investments in R&D, the growing geriatric population, and the increasing burden of chronic diseases are responsible for market growth. The outbreak of COVID-19 has boosted the market growth as companies have increased investments in R&D and manufacturing to develop vaccines and drugs against the COVID-19. During the coronavirus outburst, the supply chains of biopharmaceutical companies remained robust...
Read more

Europe Orthopedic Navigation Systems Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2030

  Europe Orthopedic Navigation Systems Industry Overview The  Europe Orthopedic Navigation Systems Market  size is expected to reach USD 2,504.4 million by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.8% from 2023 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis. Minimal invasion and low post-operative complications associated with computer-assisted surgery are anticipated to drive regional market growth over the forecast period. Moreover, the introduction of technologically advanced products is expected to induce demand for  orthopedic navigation systems . For instance, Orthokey Italia developed a new version of KiRA system integrating it with the iPad to ...
Read more