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.
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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.
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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.

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