Press release
Global YAG and Nd:YAG Crystal Market Size, Share & Forecast 2023
The YAG (Yttrium Aluminum Garnet) and Nd:YAG (Neodymium doped Yttrium Aluminum Garnet) crystals. Doped YAG crystals, specially neodymium doped YAG or Nd:YAG, finds huge applications in solid state lasers. Nd:YAG crystal has been the primary choice of laser crystal in most laser applications. High homogeneity of these crystals and ability to withstand decay, due to higher damage threshold, are some properties which have led it to become the crystal of choice in high energy pulsed lasers. The high energy pulsed lasers generally generates energy levels above 1 joule/pulse. Thus, the higher damage threshold ensures longer application time of these crystals. Additionally, Nd:YAG crystal based lasers are increasingly being utilized for such high precision procedures.The global YAG and Nd:YAG Crystal market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key global companies of YAG and Nd:YAG Crystal include Northrop Grumman, Scientific Materials Corporation, Laser Materials Corporation, FEE GmbH, II-VI Optical Systems, Beijing Opto-Electronics Technology, Cryslaser and Chengdu Dongjun Laser, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for YAG and Nd:YAG Crystal, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding YAG and Nd:YAG Crystal.
The YAG and Nd:YAG Crystal market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global YAG and Nd:YAG Crystal market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the YAG and Nd:YAG Crystal manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• Beijing Opto-Electronics Technology
• Chengdu Dongjun Laser
• Cryslaser
• FEE GmbH
• II-VI Optical Systems
• Laser Materials Corporation
• Northrop Grumman
• Scientific Materials Corporation
Segment by Type
• Nd:YAG Crystals
• YAG Crystals
Segment by Application
• Healthcare
• High-intensity Laser Platforms
• Military
• Optical Components
• Others
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