Global Solid State Laser Market Overview:
The global solid state laser market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Rising demand for automation in applications such as materials processing along with instrumentation & lidar and growing demand for crystal & glass based lasers are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Rising Demand for Applications in Materials Processing Along with Instrumentation & Lidar
- Rising Demand for Glass & Crystal Based Lasers
- Implementation of Higher Damage Threshold Lasers in Industrial Applications
- Opportunities in the Asia Pacific Region
- Industrial Revolution 4.0 is Expected to Create Huge Opportunities for Market Vendors During the Forecast Period
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are AMS Technologies AG (Germany), Beijing Ranley Technology CO.,Ltd. (China), Coherent, Inc. (United States), CNILaser (China), CrystaLaser (United States), InnoLas Solutions GmbH (Germany), Jenoptik AG (Germany), Lumenis (Israel), Meiman Laser (China), Northrop Grumman (United States), Photonic Solutions, Ltd. (United Kingdom), ROFIN-BAASEL Lasertech GmbH & Co KG (Germany), Vescent Photonics (United States), Wuhan Huaray Ultrafast Fiber Laser Technology Co.,Ltd. (China) and Zolix Instruments CO., LTD (China). Analyst at AdvanceMarketAnalytics see United States, Germany, China Manufacturers to retain maximum share of Global Solid State Laser market by 2025. Considering Market by End Use, the sub-segment i.e. Automotive will boost the Solid State Laser market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Solid State Laser market.
In June 2019, InnoLas Solutions, a leader in laser micromaterial processing announced that lanuch of EXPEGO Series at the Laser World of Photonics show in Munich, Germany. The EXPEGO series is a new concept in 2D applications, such as ablating, cutting or drilling operations for sub-straight sizes up to 750 mm x 750 mm or 29.5 x 29.5 Inches.
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Solid State Lasers
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solid State Laser market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solid State Laser market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.