The global Solid State Lasers Market size is expected to expand from USD 1.7 billion in 2023 to USD 2.3 billion by 2033. Over the forecast period, global solid state lasers sales are predicted to rise at a CAGR of 3.2%.
Demand for solid state lasers is expected to remain high in communication applications. The latest solid state lasers market analysis predicts the communication segment to exhibit 3.0% CAGR between 2023 and 2033.
Key Market Highlights:
Market to Expand Nearly 1.4X despite Drop in Projected CAGR
The worldwide solid state lasers market is projected to expand nearly 1.4X between 2023 and 2033 despite a slight drop in the projected CAGR compared to the historical one. This is due to the widening application of solid state lasers in several industries and growing awareness about the benefits of these lasers over others.
Solid-state lasers are gaining popularity in industrial applications like material processing, micromachining, and 3D printing. This is because they offer precision, high efficiency, and reliability.
United States to Remain Undisputed Leader
The United States is expected to remain the most dominant solid state lasers market during the forecast period. This is attributable to the rising usage of solid state lasers in thriving healthcare and aerospace & defense industries, advancements in laser technology, and the strong presence of leading solid state laser manufacturers.
Communication and Medical Segments to Hold Prominent Market Shares
As per the latest report, adoption of solid state lasers is expected to remain high in communication and medical applications. Together, these two segments are set to hold a prominent share of the solid state lasers industry through 2033.
The rising adoption of solid state lasers for signal amplification, optical switching, and other applications in the telecommunication sector is anticipated to boost the market. These lasers are widely used in optical fiber communication systems.
Solid state lasers are becoming essential tools in the healthcare industry. They find usage in laser surgery, dentistry, ophthalmology, and other procedures. Growing usage of medical solid-state lasers in these procedures is expected to fuel solid state laser demand.
Advances in Solid-state Laser Technology Proving Fruitful for Manufacturers
Continuous advancements in laser technology allow manufacturing to develop more compact, powerful, efficient, and cost-effective solid state lasers suitable for portable and handheld devices. This miniaturization of solid state lasers is gradually expanding their application area, which is expected to boost revenue in the market.
Solid-state laser technology is gathering huge momentum thanks to improvements in power and efficiency. Advancements in solid-state lasers are revolutionizing industries and paving the way for novel applications and opportunities.
Recent advancements have been achieved through novel solid-state laser materials and innovative design techniques. Developing tunable and ultrafast lasers is another key advancement in solid-state laser technology.
| Attributes | Key Insights |
|---|---|
| Global Solid State Lasers Market Size in 2022 | USD 1.6 billion |
| Estimated Solid State Lasers Market Value (2023) | USD 1.7 billion |
| Projected Market Size (2033) | USD 2.3 billion |
| Predicted Solid State Lasers Market CAGR (2023 to 2033) | 3.2% |
Laser technology is undoubtedly the future of several industries owing to its ability to revolutionize procedures and techniques. Industries use different types of lasers for several purposes. These include gas lasers, liquid lasers, and solid-state lasers.
Lasers that use a solid-state gain medium to generate laser light are called solid-state lasers. They are the most common type of lasers in the contemporary world. These lasers find applications in diverse fields, including manufacturing, research, telecommunication, etc.
Solid state lasers offer several advantages over other types of lasers. For instance, they are generally compact and provide high efficiency, good beam quality, and high power.
Nd:YAG lasers, ruby lasers, fiber lasers, and titanium-sapphire lasers are among the versatile and commonly used solid-state lasers globally. High usage of these lasers in diverse applications is expected to drive the global solid-state lasers market forward.
Solid-state lasers are powerful and versatile lasers used in a wide range of applications, including laser material processing, scientific research, and medical applications.
Growing adoption of solid-state lasers in materials processing across several industries is forecast to boost the global solid state lasers market. Solid-state lasers are used in various materials processing applications, from cutting, welding, and drilling to marking.
Widening usage of solid state lasers in medical applications is a catalyst for global sales of solid state lasers. These lasers are widely used in medical applications like laser surgery, dermatology, and dentistry.
Rising popularity of laser-based treatments and inclination towards minimally invasive medical procedures are other factors fueling demand for solid state lasers in the healthcare sector. Subsequently, expanding healthcare industry and advancements in medical devices will likely create lucrative opportunities for solid state laser manufacturers.
Solid-state lasers are also used in a variety of scientific research applications, including laser microscopy, laser spectroscopy, and laser holography. High adoption in these applications will likely bolster solid state laser sales through 2033.
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The global solid-state lasers market exhibited a 4.5% CAGR from 2018 to 2022. Total market value in 2022 reached about USD 1.6 billion. However, it is estimated that there will be a slight drop in the predicted solid state lasers market growth rate during the assessment period. As per the latest report, the target market is expected to thrive at 3.2% CAGR through 2033.
| Historical CAGR (2018 to 2022) | 4.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 3.2% |
Global sales of solid state lasers grew steadily between 2018 and 2022. This was mostly due to the COVID-19 impact and high adoption of advanced medical equipment
Solid state lasers played a key role in addressing certain challenges presented by the COVID-19 crisis. For instance, there was a sharp rise in demand for medical devices and technologies during the pandemic. This increased sales of solid state lasers as they are widely used in medical equipment and procedures.
Scientific research in epidemiology, virology, and drug development witnessed a significant boost during the pandemic. This also increased demand for solid state lasers as researchers often rely on laser-based equipment for analysis and experiments.
The increased demand for high-speed data transmission also created the need for solid-state lasers in optical communication networks. With these dynamics, the worldwide solid state lasers industry witnessed steady growth between 2018 and 2022.
The global solid-state lasers market is set to attain a valuation of USD 2.3 billion by 2033, despite a slight decrease in predicted CAGR. This is due to the rising adoption of solid state lasers in diverse industries and applications and the growing demand for medical & military, and defense lasers.
Thanks to their high precision and versatility, solid state lasers are widely used in cutting, marking, and welding metals, plastics, and other materials across several industries. Growing demand for precision and high-quality material processing is expected to fuel the adoption of solid state lasers.
Rising usage of solid state lasers in a variety of medical applications is likely to boost the global market through 2033. Solid-state lasers are increasingly used for procedures like laser surgery, dental treatments, tattoo removal, etc.
Laser-based treatments, such as laser cancer treatments, laser eye surgery, and laser skin treatments, are gaining immense traction due to their minimally invasive nature, quick results, and effectiveness. High adoption of these laser-based treatments is predicted to uplift solid state laser demand.
Another key factor expected to fuel solid state laser sales is the increasing usage of these lasers in optical communication systems and military equipment like directed energy weapons. Solid state lasers, such as fiber lasers, are set to witness high demand from the telecommunication sector.
Emergence of novel technologies like lidar for environmental monitoring and autonomous vehicles is anticipated to drive demand for solid state lasers. As these emerging technologies continue to gain momentum, so will the adoption of solid state lasers.
Top solid state laser manufacturers are focusing on developing high-power solid-state lasers, particularly for industrial applications. This will further boost the target market during the assessment period.
The table below highlights key countries’ solid state lasers market revenue. The United States, China, and Japan are the three key markets for solid state lasers, with expected valuations of USD 437.8 million, USD 297.1 million, and USD 261.5 million, respectively, in 2033.
India, South Korea, and the United Kingdom are also anticipated to present lucrative opportunities for solid state laser manufacturers. This is attributable to the rising usage of solid state lasers in thriving automotive and other industries.
| Countries | Market Value (2033) |
|---|---|
| United States | USD 437.8 million |
| United Kingdom | USD 90.7 million |
| China | USD 297.1 million |
| Japan | USD 261.5 million |
| South Korea | USD 120.0 million |
Below table shows the estimated solid state lasers market growth rates of top countries. South Korea, the United States, and Japan are expected to witness higher CAGRs of 5.7%, 4.1%, and 5.6% respectively through 2033.
| Countries | Projected Solid State Lasers Market CAGR (2023 to 2033) |
|---|---|
| United States | 4.1% |
| United Kingdom | 3.8% |
| China | 2.6% |
| Japan | 5.6% |
| South Korea | 5.7% |
The table below shows the historical solid state lasers market growth rates of the top five countries. With CAGRs of 7.4%, 5.5%, and 5.6%, respectively, South Korea, Japan, and the United Kingdom were the key markets for solid state lasers during the historical period.
| Countries | Historical Solid State Lasers Market CAGR (2018 to 2022) |
|---|---|
| United States | 4.9% |
| United Kingdom | 5.6% |
| China | 5.3% |
| Japan | 5.5% |
| South Korea | 7.4% |
The United States solid state lasers market size is predicted to reach USD 437.8 million in 2033. Over the assessment period, solid state laser demand in the country is set to rise at 4.1% CAGR.
As per the latest analysis, the United States will continue to lead the global solid state lasers industry. This is attributable to increasing usage of solid state lasers in medical and defense industries and the strong presence of leading laser manufacturers.
Over the years, there has been a spike in eye disorders and dental diseases across the United States. For instance, about 25 million people were diagnosed with cataracts in 2018, expected to increase to around 38.5 million by 2030. This is anticipated to uplift demand for medical solid-state lasers.
Solid state lasers have become vital tools in treating several eye and dental disorders in the United States. They are widely used for laser surgery, dentistry, and ophthalmology.
Rising preference for minimally invasive procedures and advancements in medical technology are expected to boost the United States market further. With these dynamics, the United States is set to hold a prominent market share.
As per the latest report, China is projected to register a growth rate of 2.6% CAGR during the assessment period. Total solid state laser sales revenue in the country is set to reach around USD 297.1 million by 2033.
Several factors are expected to drive sales of solid state lasers in China. These include rising usage of solid state lasers in booming automotive and manufacturing industries and growing demand for precision & high-quality material processing.
Industries across China, like automotive, manufacturing, aerospace, and electronics, use high-power solid-state lasers in several material processing applications. For instance, they are widely used for cutting, engraving, welding, and marking.
Rising demand for industrial solid-state lasers from sectors like automotive, manufacturing, and electronics is set to foster market growth. As a result, China will remain a highly lucrative market for solid-state laser manufacturers.
The United Kingdom solid state lasers market value is forecast to total USD 90.7 million by 2033. Between 2023 and 2033, solid state laser demand in the country is expected to rise at 3.8% CAGR, owing to their high usage in the telecommunication industry.
Medical and telecommunication industries are emerging as key consumers of solid state lasers in the United Kingdom. They are mostly used in non-invasive treatments and communication systems.
Growth of high-speed data transmission and optical communication networks in the United Kingdom is expected to fuel solid-state laser demand. This is because they are widely used in telecommunications for optical switching, signal amplification, and other applications.
During the forecast period, Japan will likely remain a lucrative solid-state laser manufacturer market. This is attributable to increasing demand for high-precision laser systems, rapid industrial growth, favorable government support, and rising popularity of fiber lasers.
Japan solid state lasers market size is forecast to reach USD 261.5 million by 2033. Overall sales of solid state lasers in Japan are predicted to increase at 5.6% CAGR during the forecast period.
Solid state lasers offer high precision and accuracy, so they have become ideal for usage in automotive, aerospace, medical devices, and electronics industries. Increasing demand for high precision from these industries is anticipated to bolster solid state laser sales through 2033.
Japan government is actively supporting laser technology research and development. This is anticipated to boost the development of new innovative solid state lasers, positively impacting market growth.
South Korea solid state lasers market is expected to thrive at 5.7% CAGR through 2033 compared to 7.4% CAGR recorded from 2018 to 2022. Total market value in Korea is projected to reach USD 120.0 million.
Several factors are expected to spur growth in South Korea market. These include rising applications of solid state lasers in healthcare and electronics and advancements in laser technology.
In South Korea, solid state lasers are increasingly used in the healthcare industry for several applications, including dermatology, dentistry, and surgery. Rising demand for minimally non-invasive and minimally invasive medical procedures is expected to fuel solid state laser sales in Korea.
Robust growth of the electronics industry is another key factor expected to improve Korea solid state lasers market share through 2033. Solid state lasers are often used for laser cutting, engraving, and drilling.
The below section predicts the communication segment to hold a dominant market share in terms of applications. It is forecast to exhibit a 3.0% CAGR through 2033.
| Top Segment (Application) | Communication |
|---|---|
| Projected CAGR (2023 to 2033) | 3.0% |
The solid state lasers market by application is segmented into communication, medical, materials processing, automotive, and other applications. Among these, communication is expected to remain a remunerative application of solid state lasers through 2033.
As per the latest analysis, communication segment is anticipated to progress at 3.0% CAGR between 2023 and 2033. Historically, the same segment registered a CAGR of 4.3%. This is attributable to rising usage of solid state lasers in communication applications.
Solid-state lasers are gaining wider popularity in several communication applications, including optical fiber and satellite communication. This is due to their high efficiency, reliability, long reach, narrow beam, and other benefits.
Rising adoption of solid state lasers in optical fiber communication is expected to boost the target segment during the forecast period. Solid state lasers are used to amplify signals in optical fiber communication systems. They allow for the transmission of data over long distances.
Solid state lasers also establish high-speed communication links between ground stations and satellites. Increasing importance of solid state lasers like semiconductor lasers and Nd:YAG lasers in satellite communication is anticipated to fuel sales.
Growing usage in laser-based communication networks and quantum communication is expected to boost market revenues. Subsequently, increasing adoption of solid state lasers in military communication systems, military targeting & guidance systems, and LANs will bode well for the market.
Leading manufacturers of solid state lasers listed in the report include EKSPLA, JDS Uniphase Corp, Coherent Inc, Laserglow Technologies, JK Lasers, JENOPTIK Laser GmbH, Photonic Solutions, Lee Laser Inc, Photonics Industries International Inc, Quanta System SP.
Top solid state laser companies continuously introduce new solutions for specific applications to boost their revenues. They also implement strategies such as partnerships, agreements, acquisitions, partnerships, mergers, and collaborations to strengthen their global footprint.
Recent Solid State Lasers Market Developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 1.7 billion |
| Projected Market Value (2033) | USD 2.3 billion |
| Anticipated Growth Rate (2023 to 2033) | 3.2% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million/Billion, Volume (Units), and CAGR from 2023 to 2033 |
| Segments Covered | Application and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profiled | Coherent Inc; EKSPLA; JDS Uniphase Corp; JK Lasers; JENOPTIK Laser GmbH; Laserglow Technologies; Lee Laser Inc; Photonic Solutions; Photonics Industries International Inc; Quanta System SP |
The global market was valued at USD 1.6 billion in 2022.
The global market size is expected to reach USD 1.7 billion in 2023.
By 2033, the worldwide market is projected to reach USD 2.3 billion.
The target market exhibited a CAGR of 4.5% from 2018 to 2022.
The global market is set to thrive at 3.2% CAGR through 2033.
Nd:YAG laser is the most frequently used solid state laser.
Communication and medical are key solid state laser applications.
The United States market is projected to reach USD 437.8 million by 2033.
Solid state lasers are mostly used in telecommunication systems and medical devices.
Coherent Inc, EKSPLA, and JK Lasers are a few of the key companies.
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Solid State Lasers Market
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