London, 05 December 2014 – According to a new report from research firm TechNavio, the Global Lasers for Data Storage Market is expected to grow at a CAGR of 9.64 percent from 2015-2019.
Lasers play a critical role in expanding data storage memory capacity. As such, the popularity of Blu-ray discs and other media is increasing the demand for lasers from the data storage segment.
According to the new report from TechNavio, existing vendors and new entrants are expected to look to acquisitions to broaden their portfolios over the projected period.
About the Report
“OEMs in the Global Lasers for Data Storage market are continually adding new features to their products, resulting in regular launches of innovative products,” says Faisal Ghaus, Vice President of TechNavio.
Prominent vendors in the market such as Rofin-Sinar Technologies, Coherent, and Trumpf have invested significantly in their R&D divisions with a view to expanding their products.
“R&D investments have enabled vendors to capture significant market share and gain a competitive edge,” says Ghaus.
These advancements are seeking to create strong, more powerful and more energy-efficient lasers for better performance and data storage applications.
In addition to highlighting drivers and trends, the latest report from TechNavio showcases entry barriers in an extremely competitive market, and discussed existing growth.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Demand for Blu-ray Discs
- For a full detailed list, view our report.
Market Challenges:
- Declining Sales of CDs and DVDs
- For a full detailed list, view our report.
Market Trends:
- Increase in Number of M&A
- For a full detailed list, view our report.
Key Vendors:
- Coherent Inc.
- IPG Photonics Corp.
- Rofin-Sinar Technologies Inc.
- Trumpf Group
Other Prominent Vendors:
- Ceva
- Active Fiber Systems
- AdValue Photonics
- Amonics
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
