Technological Advancements : Global Solid-State Laser Market will witness an initial increase and is likely to decline at a CAGR of 1.3% By 2020

Albany, New York, July 21, 2017 : Recent research and the current scenario as well as future market potential of "Global Solid-State Laser Market 2016-2020" globally.

Solid-state lasers contain the active laser medium, which is a solid that contains glasses or crystals pumped with rare earth elements. Solid-state lasers are preferred over other 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.

Technavios analysts forecast the global solid-state laser market will witness an initial increase and then fall in revenue, and is likely to decline at a CAGR of (1.3)% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global solid-state laser market for the period 2016-2020. To calculate the market size, the report covers the sales of solid-state lasers across various application segments

The market is divided into the following segments based on application:
Communication
Medical
Materials processing
Data storage
Defense
Automotive

Technavio's report, Global Solid-State Laser Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Coherent
Rofin-Sinar Technologies
Trumpf

Other prominent vendors
EKSPLA
JDS Uniphase
Jenoptik
Laserglow Technologies
Photonics Industries
Photonic Solutions
Quanta System.

Market driver
Usage in healthcare industry
For a full, detailed list, view our report

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Market challenge
Increasing adoption of fiber lasers
For a full, detailed list, view our report

Market trend
Increase in number of mergers and acquisitions
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.