Solid State LASERs Market: Detailed Production Analysis, Major Key Players, Growth Opportunities with forecast 2025

Laser or light amplification by stimulated emission of radiation is a device which emits electromagnetic radiation, in the form of light, by optically amplifying the same. A laser is generally composed of a gain medium, a pumping mechanism for energizing the gain medium and optical mirrors or similar instruments for providing an optical feedback. Lasers can vary, based on the gain medium used to generate light. Solid state lasers utilize a solid as the medium, rather than liquids or gases.

Solid state lasers market has quite low growth rate, owing to their high market penetration. The market for solid state lasers is primarily being driven by the growing demand for pulsed lasers for various healthcare applications. Various cosmetic procedures, such as skin resurfacing, melasma treatment and scar removal among others utilize Nd:YAG based solid state pulsed lasers. Heightening demand for such procedures, across the globe, has been driving the growth of solid state lasers market globally.

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Additionally, the application of solid state lasers has been growing at a steady pace in the aerospace and defense sector. Solid state lasers have several applications in this sector, such as laser weapon systems. Such systems can be utilized for destruction of a target or for disabling the security systems of immobilizing the target. Furthermore, higher usage of solid state lasers for laser marking systems has also been driving the market forward. However, the saturated nature of the market and relatively higher price, compared to other type of lasers, has been restraining the growth of the market. With the widening of application areas and higher usage in healthcare industry, the growth opportunities for solid state lasers is also expected to widen, during the forecast period.

On the basis of type, the market for solid state lasers has been segmented into continuous wave lasers and pulsed solid state lasers. By light source, the market for solid state lasers has been segmented into laser diode, arc lamp and others. Laser diode was the largest segment by revenue, in 2016, owing to their higher efficiency and relatively lesser ownership cost. By end-use industry, the market has been segmented into aerospace & defense, healthcare and others. On the basis of region, the global solid state lasers market has been segmented into North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). Revenue wise, North America was the largest region in 2016, followed by Europe and Asia Pacific.

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The major companies of the solid state lasers market globally are Coherent Inc. (The U.S.), Northrop Grumman Corporation (The U.S.) The Trumpf Group (Germany), ALLTEC (Subsidiary of Danaher Corporation) (Germany), Jenoptik AG (Germany), Photonics Industries International, Inc. (The U.S.), and Han’s Laser Technology (China) among various other companies.

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