Diode Pump Solid State Lasers Market Size, Share, Growth, and Industry Analysis, By Type (Pulse Type and Continuous Type), By Application (Industrial, Medical, Aerospace & Defence, Instrument and Sensor, and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Report Overview

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The global diode pump solid state lasers market size was USD 487.4 million in 2022. As per our research, the market is expected to reach USD 867.2 million in 2029, exhibiting a CAGR of 8.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the commercial door operator market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A Diode-Pumped Solid-State Laser (DPSSL) is a type of laser system that uses high-power semiconductor diode lasers to pump or excite a solid-state gain medium, typically a crystal or glass doped with certain ions. This gain medium absorbs the energy from the diode lasers and emits coherent light in the form of a laser beam. Additionally, DPSSLs are known for their efficiency, compactness, and beam quality. They're used across industries for tasks such as cutting, welding, medical procedures, scientific research, and defence applications. The technology's versatility and advantages make it a popular choice in various fields.

COVID-19 Impact: Pandemic-Induced Restrictions on Commercial Activities Impacted Market Expansion

The COVID-19 pandemic hit the market with disruption in global supply chains, affecting the production and distribution of components and materials needed for DPSSL manufacturing. Also, delays in obtaining necessary parts slowed down the production and delivery of laser systems. Furthermore, the economic uncertainty caused by the pandemic led some industries to reduce spending on non-essential equipment, including laser systems. This resulted in decreased demand for DPSSLs, especially in industries that were significantly impacted by the pandemic, such as aerospace, automotive, and certain manufacturing sectors. However, after the end of the year of 2022, the market recorded a substantial growth in the demand for this laser system by various applications sectors which will likely to continue to rise in the future as well.

Latest Trends

"Advanced Cooling and Thermal Management Develop New Opportunities for the Market"

The market for diode pump solid state lasers is expected to grow at an exponential growth rate with the advanced benefits of these laser systems. Along with this, recent developments and ongoing trends are anticipated to accelerate the demand for this laser system among key application industries. Furthermore, in terms of trends, the latest development in this market includes advancements in laser technology such as improved thermal management systems and increased power output capabilities. Additionally, there is a growing focus on developing environmentally-friendly diode pump solid state lasers by reducing power consumption and utilizing more sustainable materials. Besides, demand for lasers at specific wavelengths for various applications, including medical and scientific research, continues to drive the development of DPSSLs that can operate at a wider range of wavelengths, which is likely to boost the market’s growth during the forecast 2022-2028.

Segmentation

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• By Type Analysis

According to type, the market can be bifurcated into Pulse Type and Continuous Type.

• By Application Analysis

Based on application, the market can be divided into Industrial, Medical, Aerospace & Defense, Instrument and Sensor, and Others.

Driving Factors

"Rising Need for Advanced Laser Systems to Elevate the Growth of the Market "

One of the key driving factors in the market is the increasing need for advanced laser systems in industrial manufacturing processes. These lasers are widely used for cutting, welding, engraving, and marking applications due to their high precision and reliability. The growing automation trend in industries further fuels the demand for these lasers as they can be easily integrated into robotic systems.

"Growing Adoption in Medical Treatments to Drive the Market Growth"

Additionally, the rising adoption of this laser system in medical treatments is another driving factor for diode pump solid state lasers market growth. These lasers are used in various medical procedures such as dermatology, ophthalmology, dentistry, and cosmetic surgeries. Their ability to deliver precise energy with minimal tissue damage makes them highly effective in medical applications.

Restraining Factors

"High Initial Costs Can Constraint the Market Expansion"

However, certain restraining factors may hinder the growth of the market. One such factor is the high initial cost associated with these laser systems. The advanced technology and components used in these lasers make them relatively expensive compared to other laser types. This cost factor may limit their adoption among small-scale industries with budget constraints.

Regional Insights

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"North America Expected to lead the Market with its Strong Presence in Application Industries"

According to a market review, North America, the U.S., in particular, has been a leading region in the DPSSL market due to its strong presence in industries such as defense, aerospace, research, and medical technology. In addition, research institutions, defense contractors, and industrial manufacturers in North America have contributed to the demand for DPSSL systems for various applications. In terms of revenue, North America is predicted to hold the majority of the diode pump solid state lasers market shares in the global marketplace.

Key Industry Players

"Key Players Strive to Penetrate New Geographic Markets to Expand Customer Base"

With regard to key players, the dominance of key players can be attributed to several factors including extensive research and development activities, strategic partnerships, and a robust distribution network. Moreover, prominent companies have consistently delivered innovative solutions that cater to various industries such as healthcare, automotive, aerospace, and electronics.

List of Market Players Profiled

• Coherent
• MKS Instruments
• Trumpf
• Lumentum
• Lumibird (Quantel)
• HÜBNER Photonics
• Laser Quantum
• EO Technics
• Huaray Precision Laser
• INNO LASER TECHNOLOGY
• JPT
• Oxxius
• Elforlight
• EKSPLA
• Litron Lasers
• Sheaumann Laser

Report Coverage

This report defines the diode pump solid state lasers market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.