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Laser Crystal Market Size and Forecast, By Type, Application and Trend Analysis, 2014-2024

  • ID: 4659557
  • Report
  • 55 pages
  • Hexa Research
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FEATURED COMPANIES

  • CASTECH Inc.
  • Cryslaser, Inc.
  • FEE GmbH
  • MORE
“Laser Crystal Market Size and Forecast, By Type (Ti: Sapphire, Nd: YAG, Nd: YVO4, Yb: KGW, Yb: KYW), Application (High-intensity Laser Platforms, Optical Components, Military) and Trend Analysis, 2014-2024

The global laser crystal market is expected to reach USD 163.1 million by 2024, driven by rising adoption of several applications such as consumer electronics, manufacturing, healthcare, and defense. Augmenting utilization of crystals in cinematography, metrology, data storage, communications, displays, spectroscopy, microscopy, and for generation of electricity using high-power laser technologies are expected to drive the market growth.

The laser crystal market is projected to grow at a CAGR of 3% from 2017 to 2024. North America was the largest market in 2016 owing to the increasing use of laser systems primarily across defense and healthcare sectors.

Rising investment in security sector by the U.S.is anticipated fostering the growth of the market in North America. As per National Defense Authorization Act (NDAA), around USD 328 million will be spent on developing and procuring laser weapon in 2017, which increased to 51% compared to the previous year.

In medical, increasing adaptation of non-invasive surgical procedures such as kidney stone removal, spine surgery, and diabetic retinopathy is expected to augment the growth of the market. According to Laser Spine Institute, 400,000 people in the U.S. undergo spine surgery each year. Crystals are used in cosmetic laser surgical devices. In the area of cosmetics, lasers are used to remove pigmented birthmarks without a scar or change in texture.

Rising number of laser cataract surgeries is expected to drive the market growth during the forecast period. In the U.S., approximately 9,000 ophthalmologists perform cataract surgery regularly. In these surgeries, a laser is employed to access the cataract site and create a cut on the lens capsule.

Nd: YAG laser capsulotomy method is used to treat posterior capsule opacification (PCO). PCO is a complication occurring in about 20% of patients undergoing cataract surgery. Government regulations regarding laser beam exposure are expected to hinder market growth during the forecast period. The ANSI Z 136.1 provides maximum permissible exposure (MPE) limits in the wavelength range of 0.400 to 0.550 mm.

Majority of the market players are focusing on investing in research and development to increase the efficiency of lasers. For Instance, in July 2015, Northrop Grumman's SYNOPTICS introduced new material titanium-doped sapphire (Ti: Sapphire) for short-pulsed laser devices. In addition, companies are adopting the strategy of merger & acquisition to expand product portfolio or to serve new markets. In June 2016, Scientific Materials Corp. acquired Armasight, Inc. to serve military markets and outdoor sporting.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CASTECH Inc.
  • Cryslaser, Inc.
  • FEE GmbH
  • MORE
Chapter 1. Market Summary
1.1. Market trends & movement

Chapter 2. Laser Crystal Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT

Chapter 3. Laser Crystal Market Trends, By Type
3.1. Global laser crystal market movement, by type, 2016 & 2024
3.1.1. Ti: Sapphire Laser Crystals
3.1.1.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.2. Nd: YAG Laser Crystals
3.1.2.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.3. Nd: YVO4 Laser Crystals
3.1.3.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.4. Yb: KGW Laser Crystals
3.1.4.1. Market estimates and forecast, 2014-2024 (USD Million)
3.1.5. Yb: KYW Laser Crystals
3.1.5.1. Market estimates and forecast, 2014-2024 (USD Million)

Chapter 4. Laser Crystal Market Trends, By Application
4.1. Global laser crystal market movement, by application, 2016& 2024
4.1.1. High-intensity laser platforms
4.1.1.1. Market estimates and forecast, 2014-2024 (USD Million)
4.1.2. Optical components
4.1.2.1. Market estimates and forecast, 2014-2024 (USD Million)
4.1.3. Healthcare
4.1.3.1. Market estimates and forecast, 2014-2024 (USD Million)
4.1.4. Military
4.1.4.1. Market estimates and forecast, 2014-2024 (USD Million)
4.1.5. Others
4.1.5.1. Market estimates and forecast, 2014-2024 (USD Million)

Chapter 5. Laser Crystal Market Trends, By Region
5.1. Global laser crystal market movement, by region, 2016 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014-2024 (USD Million)
5.1.1.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
5.1.1.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014-2024 (USD Million)
5.1.2.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
5.1.2.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
5.1.3. Asia Pacific
5.1.3.1. Market estimates and forecast, 2014-2024 (USD Million)
5.1.3.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
5.1.3.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
5.1.4. Central & South America
5.1.4.1. Market estimates and forecast, 2014-2024 (USD Million)
5.1.4.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
5.1.4.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
5.1.5. Middle East & Africa
5.1.5.1. Market estimates and forecast, 2014-2024 (USD Million)
5.1.5.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
5.1.5.3. Market estimates and forecast, by application, 2014-2024 (USD Million)

Chapter 6. Key Country Markets
6.1. U.S.
6.1.1. Market estimates and forecast, 2014-2024 (USD Million)
6.1.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
6.1.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
6.2. Germany
6.2.1. Market estimates and forecast, 2014-2024 (USD Million)
6.2.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
6.2.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
6.3. China
6.3.1. Market estimates and forecast, 2014-2024 (USD Million)
6.3.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
6.3.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
6.4. India
6.4.1. Market estimates and forecast, 2014-2024 (USD Million)
6.4.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
6.4.3. Market estimates and forecast, by application, 2014-2024 (USD Million)
6.5. Japan
6.5.1. Market estimates and forecast, 2014-2024 (USD Million)
6.5.2. Market estimates and forecast, by type, 2014-2024 (USD Million)
6.5.3. Market estimates and forecast, by application, 2014-2024 (USD Million)

Chapter 7. Competitive Landscape
7.1. Competitive landscape analysis, 2016
7.2. Strategic framework
7.3. Potential customer base concentration
7.4. Company market positioning
7.5. Company profiles
7.5.1. Northrop Grumman Corporation.
7.5.1.1. Company Overview
7.5.1.2. Product Benchmarking
7.5.1.3. Financial Performance
7.5.1.4. Recent Initiatives
7.5.2. Scientific Materials Corp.
7.5.2.1. Company Overview
7.5.2.2. Product Benchmarking
7.5.2.3. Financial Performance
7.5.2.4. Recent Initiatives
7.5.3. FEE GmbH
7.5.3.1. Company Overview
7.5.3.2. Product Benchmarking
7.5.3.3. Financial Performance
7.5.3.4. Recent Initiatives
7.5.4. Laser Materials Corporation
7.5.4.1. Company Overview
7.5.4.2. Product Benchmarking
7.5.4.3. Financial Performance
7.5.4.4. Recent Initiatives
7.5.5. Beijing Opto-Electronics Technology, Co. Ltd
7.5.5.1. Company Overview
7.5.5.2. Product Benchmarking
7.5.5.3. Financial Performance
7.5.5.4. Recent Initiatives
7.5.6. II-VI Optical Systems, Inc.
7.5.6.1. Company Overview
7.5.6.2. Product Benchmarking
7.5.6.3. Financial Performance
7.5.6.4. Recent Initiatives
7.5.7. Chengdu Dongjun Laser Co., Ltd.
7.5.7.1. Company Overview
7.5.7.2. Product Benchmarking
7.5.7.3. Financial Performance
7.5.7.4. Recent Initiatives
7.5.8. Cryslaser, Inc.
7.5.8.1. Company Overview
7.5.8.2. Product Benchmarking
7.5.8.3. Financial Performance
7.5.8.4. Recent Initiatives
7.5.9. Pujiang Shining Crystal Crafts Co., Ltd
7.5.9.1. Company Overview
7.5.9.2. Product Benchmarking
7.5.9.3. Financial Performance
7.5.9.4. Recent Initiatives
7.5.10. CASTECH Inc.
7.5.10.1. Company Overview
7.5.10.2. Product Benchmarking
7.5.10.3. Financial Performance
7.5.10.4. Recent Initiatives
7.5.11. List of other vendors

Chapter 8. Methodology and Scope
8.1. Research methodology
8.2. Research Scope & Assumptions
8.3. List of data sources

*List of Tables and Figures Available on Enquiry.
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  • Northrop Grumman Corporation.
  • Scientific Materials Corp.
  • FEE GmbH
  • Laser Materials Corporation
  • Beijing Opto-Electronics Technology, Co. Ltd
  • II-VI Optical Systems, Inc.
  • Chengdu Dongjun Laser Co., Ltd.
  • Cryslaser, Inc.
  • Pujiang Shining Crystal Crafts Co., Ltd
  • CASTECH Inc.
Note: Product cover images may vary from those shown
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