In a recent published report, Kenneth Research has updated the market report for Laser Crystal Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Laser Crystal Market products.
Laser technology has changed drastically over past few years owing to intensive research and evolving applications. Increasing number of applications are expected to drive the market over the forecast period. The market is majorly driven by the increasing in application scope of lasers along with technological development. An increase in adaptation of lasers via crystals in various applications such as healthcare, military, optical components, and high-intensity laser platforms is expected to augment market growth over the projected period. However, usage of laser is subject to several regulations on account of their harmful effect on human health, restraining the industry growth to some extent.
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This report presents the global market size (revenue) of key companies in Laser Crystal business. This report presents a comprehensive industry overview, market shares, and growth opportunities of Laser Crystal market by type, key regions and countries and key manufacturers. Additionally, this report discusses risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future industry development.
Of the different laser crystal types, Nd: YAG crystal are widely used on account of their flexible wavelength making it useful across an array of application. The demand of these products is high in end-use industries including healthcare and electronics. The usage of each of these crystals makes it suitable across various applications. The market is continuously evolving in terms of the application scope by implementation of larger diameter boules.
Over the recent few years, the increasing use of laser crystals in electronics has resulted in fueling market growth. Moreover, continuous growth of the electronic industries on account of rising demand for consumer electronics and other gadgets is expected to provide an avenue for the market to grow over the projected period.
Market Segment by Regions, regional analysis covers
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
Asia Pacific is anticipated to witness the fastest growth on account of increasing number of buyers operating in the healthcare, electronics, and military fields. The evolution of these segments is anticipated to augment the growth of the market over the projected period.
Key Vendor Takeaway
The research report presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. Market Segment by Manufacturers, this report covers
Laser Materials Corporation
Northrop Grumman Corporation
Chengdu Dongjun Laser Co., Ltd
Scientific Material Corporation
Beijing Opto-Electronics Technology, Co.
II-VI Optical Systems, Inc.
The market for laser crystal is consolidated in nature with the presence of very few players. Of the various key players, FEE GmbH, Northrop Grumman, II-VI Optical Systems and Scientific Materials Corp. are considered to be the top four major players in this industry, accounted for significant revenue share.
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The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
Ti: Sapphire Laser Crystal
Nd: YVO4 Laser Crystal
Yb: KYW Laser Crystal
Nd: YAG Laser Crystal
Yb: KGW Laser Crystal
MARKET, BY APPLICATION
High-Intensity Laser Platforms
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
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