- The key vendors in the Global Solid-state Lasers for Data Storage Applications Market 2015-2019 are Coherent Inc., Rofin-Sinar Technologies Inc. and Trumpf Group.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Solid-state Lasers for Data Storage Applications Market 2015-2019. One key trend upcoming in this market is an increase in the number of M&A. Existing vendors and new entrants are considering the acquisitive route to either enter the market or broaden their portfolio of offerings. The overall market is expected to witness a CAGR of 4.78 percent during the forecast period of 2015-2019.
Lasers are extensively used in applications such as communications, materials processing, excimer lithography, data storage, medical and aesthetic, scientific and military, and instrumentation and sensors. They are used for drilling, cutting, alignment, bloodless surgery, cosmetic dentistry, and reading bar codes.
“Vendors in this market are increasingly investing in their R&D divisions to provide better functionalities and to satisfy the requirements and unmet needs of consumers,” says Faisal Ghaus, Vice President of TechNavio Research.
“These R&D investments have enabled vendors to capture significant market share and gain a competitive edge.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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