According to the latest research report released by Technavio, the global solid state laser market is predicted to reach over USD 851 million by 2020.

This report titled ‘Global Solid State Laser Market 2016-2020‘, provides an in-depth analysis of the market in terms of revenue and emerging trends. This market study also presents up to date analysis and forecasts for various market segments and all geographical regions.

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“The performance of solid-state lasers is constantly improving with advances in technology. For example, Raytheon's high-energy laser systems use a proprietary solid-state planar waveguide structure to generate high output power in a compact design. This makes these systems suitable for use in military applications. Many OEMs are expected to innovate and launch similar products into the solid state laser market,” said Sunil Kumar Singh, one of Technavio’s lead industry analysts for embedded systems research.

Some of the other driving forces behind the growth of the global solid state laser market are:

  • Popular application in the healthcare industry
  • Demand from automotive industry
  • Demand in military applications

Popular application in the healthcare industry

The use of solid-state laser technology in dentistry is increasing rapidly as even small-scale dentists are adopting solid-state laser technology for treatment. Solid-state lasers are used in many surgical procedures and can also be used for skin rejuvenation. Nd:YAG solid-state lasers are being used for general surgery and in ophthalmology (for cutting tissues), while ruby solid-state lasers are used in plastic surgery and in dermatology. The overall laser market for medical applications is likely to grow from around USD 350 million in 2014 to more than USD 600 million by 2020.

Demand from automotive industry

The automotive industry uses solid-state laser technology not only for metal cutting and marking but also for roof seams, door welding, three-dimensional cutting for hydro formed parts, and the annealing of components. Laser annealing, in particular, has become a mainstream activity in many industries, especially in the automotive industry. Solid-state lasers are also used for ablation, surface activation, or brazing tasks in the automotive industry. For instance, q-switched high-performance lasers remove metallic coatings quickly and efficiently for optimal welding preparation.

Expansion of the North American automobile industry is also expected to immensely benefit the market. Volvo has chosen South Carolina for its new plant in the US and Fiat Chrysler is looking at expanding its Ohio facility, while General Motors is looking to expand and improve on its assembly units across US and Mexico. Volvo uses the Nd:YAG solid-state laser for welding applications for its C70 and Volvo XC60 models. Therefore, with an increase in the number of automobile manufacturing units, the demand for solid-state lasers is predicted to increase over the next four years.

Demand in military applications

As solid-state lasers can meet high power requirements, these are increasingly being used in military applications. Solid-state lasers are particularly popular in military range finding, using LIDAR techniques. With the emergence of laser weapons, solid-state lasers are being introduced in military arms because of advanced features such as speed, flexibility, precision, and anti-electromagnetic interference. Therefore, the US, Russia, Israel, and other developed countries, have started investing heavily in laser technology, a trend that is anticipated to cause a huge surge in the demand for military-grade solid state lasers during the forecast period.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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