Boston, MA -- (SBWIRE) -- 02/04/2016 -- 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.

Technavio's 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.

Covered in this report

Get More Details on this Report and a Full Table of Contents at Global Solid-State Laser Market 2016-2020

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

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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Coherent, Rofin-Sinar Technologies, Trumpf, EKSPLA, JDS Uniphase, Jenoptik, Laserglow Technologies, Photonics Industries, Photonic Solutions, Quanta System

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