NEW YORK, April 24, 2017 /PRNewswire/ --
As per a new market research report published by Factor &
Equilibrium (http://www.factorandequilibrium.com ), "YAG
& Nd:YAG Crystals Market - Global Industry
Insights Market Size, Estimation and Growth Forecast By
Product Type (YAG Crystals and Nd:YAG crystals), By Technology
(Czochralski technique and others), By Application
(high-intensity laser platforms, optical components, healthcare,
military and others) & By Regions,2017-2025" is
expected to reach USD 181.3 Million
by 2025 in terms of revenue. In 2016, the market was valued
USD 138.5 Million in terms of
revenue. In terms of volume, YAG & Nd:YAG crystals market size
was 328.7 Thousand Units in 2016 and expected to reach 416.0
Thousand Units by 2025.
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at:https://www.factorandequilibrium.com/market-report/yag-and-nd-yag-crystals-market
Browse 129 Figures and 07 market data Tables spread
through 218 Pages and in-depth TOC on "YAG & Nd:YAG Crystals
Market".
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Market Overview
The YAG (Yttrium Aluminum Garnet) and Nd:YAG (Neodymium doped
Yttrium Aluminum Garnet) crystals market is expected to grow at
stable rate during 2017 to 2025. Doped YAG crystals, specially
neodymium doped YAG or Nd:YAG, finds huge applications in solid
state lasers. Nd:YAG crystal has been the primary choice of laser
crystal in most laser applications. High homogeneity of these
crystals and ability to withstand decay, due to higher damage
threshold, are some properties which have led it to become the
crystal of choice in high energy pulsed lasers. The high energy
pulsed lasers generally generates energy levels above 1
joule/pulse. Thus, the higher damage threshold ensures longer
application time of these crystals. Additionally, Nd:YAG crystal
based lasers are increasingly being utilized for such high
precision procedures. This is because it can aid in increasing
geometrical stability of the product, reduce heat affected zones
and reduce miniature heat cracks among others. Such growth in
demand has been fuelling the growth of the overall market for YAG
and Nd:YAG crystals. Furthermore, the demand for high power pulsed
laser welding equipments has been growing at a good pace in several
emerging economies, such as China
and India. The growing demand for
high power pulsed laser welding technology has been noticeable in
several industry verticals, including automotive and metal
processing. This, in turn, has been further boosting the growth of
the market for Nd:YAG crystals.
Rising demand for high power pulsed laser
welding technology has been further boosting the growth of the
market for Nd:YAG
crystals.
Segmentation Overview
Based on technology, the global market has been segmented into
two segments, namely Czochralski technique and other techniques.
Czochralski technique was the largest segment in 2016, as it is a
widely accepted method for producing Nd:YAG crystals. The crystals
produced by this method offer sufficient optical clarity and
homogeneity for use in a laser system. Additionally, crystals
produced through Czochralski method is acceptable with respect to
standards maintained by solid state laser manufacturers. Such
factors have cumulatively increased the popularity of this method
in the emerging markets and have also been boosting the market
growth of this segment.
Czochralski technique was the largest segment in 2016 and
during the forecast period, this trend is expected to
continue.
By product type, the global YAG and Nd:YAG crystals market has
been segmented into YAG and Nd:YAG. Nd:YAG crystals dominated the
market as it has huge applications in solid state lasers. Nd:YAG
crystal based laser is being researched upon for high precision
welding of automotive parts and also for ignition of automotive
engine. YAG crystals has relatively less application as most
industry verticals prefer doped YAG crystals, such as Nd:YAG and
Erbium doped YAG (Er:YAG) among others.
Nd:YAG crystals dominated the market due to its wide scale
applications and acceptance as lasing medium among
end users.
The market for YAG and Nd:YAG crystals, on the basis of
application, has been divided into five segments. They are
high-intensity laser platforms, optical components, healthcare,
military, and others. Others segment includes manufacturing &
metal/material processing, scientific research, semiconductor &
consumer electronics etc. By both revenue and volume, others
(primarily manufacturing & metal/material processing) segment
was the market leader in 2016. Military and healthcare sectors are
the other major areas where high applications of these crystals are
expected, during the forecast period.
In terms of both revenue and volume, manufacturing &
metal/material processing was the largest application segment
for YAG & Nd:YAG crystals in
2016.
The market has again been cross segmented by applications of
each product type. YAG crystals have been segmented into optical
components, healthcare and others. Nd:YAG crystals have been cross
segmented by applications in high-intensity laser platforms,
optical components, healthcare, military and others.
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Regional Overview
By region, the globalYAG and Nd:YAG crystals market has been
segmented into five regions; North
America, Europe,
Asia Pacific (APAC), Middle-East & Africa (MEA),and Latin America. In 2016, North America occupied the largest revenue and
volume share of the market, accounting for more than 40%. The large
market share can be attributed to growing application in solid
state lasers across the region.
North America occupied
the largest revenue and volume share of the
market.
Leading Player Mapping
Some major players in the market are: Northrop Grumman
Corporation (The U.S.), Scientific Materials Corporation (The
U.S.), Laser Materials Corporation (The U.S.), FEE GmbH
(Germany), II-VI Optical Systems,
Inc. (The U.S.), Beijing Opto-Electronics Technology, Co. Ltd.
(China), Cryslaser, Inc.
(China), and Chengdu Dongjun Laser
Co., Ltd. (China) among
others.
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The market has been segmented as follows:
YAG and Nd:YAG Crystals Market, by
Technology
- Czochralski Technique
- Other Techniques
YAG and Nd:YAG Crystals Market, by Product
Type
- YAG Crystals
- Nd:YAG Crystals
YAG and Nd:YAG Crystals Market, by
Applications
- High-intensity Laser Platforms
- Optical Components
- Healthcare
- Military
- Others (includes manufacturing & metal/material processing,
scientific research, semiconductor & consumer electronics
etc.)
YAG and Nd:YAG Crystals Market, Product Type by
Applications
- YAG Crystals
- Optical Components
- Healthcare
- Others
- Nd:YAG Crystals
- High-intensity Laser Platforms
- Optical Components
- Healthcare
- Military
- Others
YAG and Nd:YAG Crystals Market, by
Region:
- North America
- Europe
- The United Kingdom
- Germany
- France
- CIS + Scandinavia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Korea
- Rest of Asia Pacific
- Middle-East & Africa (MEA)
- Israel
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Mexico
- Rest of Latin America
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