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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. When light passes through the solid gain medium, it amplifies and produces a sharp beam of light. The solid gain or active medium used are generally made of glass or crystals. A doped glass or crystal has been found to function better and also has higher application period. The most common solid gain medium is Neodymium doped Yttrium Aluminum Garnet (Nd:YAG). Other materials include Ytterbium doped glass, Neodymium doped glass and Erbium doped Yttrium Aluminum Garnet (Er:YAG) among other crystals. Nd:YAG crystals are mostly favored since they have a higher damage threshold and can withstand high temperatures, produced during the operation of the solid state laser. Laser diodes, arc lamps or flash lamps are generally utilized in a solid state laser, as an optical pump.

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.  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. Owing to the advantages of such solid state laser based system, the growing application in aerospace and defense sector has also been positively impacting the growth of solid state lasers market. 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.

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Solid State Lasers Market

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