According to the research report titled ‘Global Solid State Laser Market Size study, By Type (Continuous Wave Lasers, Pulsed Solid State Lasers, By Application (Industrial Use, Medical Use) and Regional Forecasts 2021-2027’, available with Market Study Report, global solid state laser market size was worth USD 0.82 billion in 2020 and is expected to record a CAGR of 3.5% over 2021-2027, subsequently amassing a valuation of USD 1 billion by the end of the forecast period.
 

Growing adoption of cloud-based solutions and increasing penetration of smart devices are the key factors stimulating global solid state laser market growth, cites the study.
 

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For the unversed, a solid state laser uses a solid addition medium rather than a fluid like color lasers or a gas like gas lasers do. Although semiconductor-based lasers are solid state, they are often classified as a separate class from solid state lasers.
 

A solid state laser's dynamic mechanism consists of a glass or translucent material to which a dopant such as neodymium, erbium, thulium, chromium, or ytterbium is added. As the energized conditions of such particles are not definitively combined with the warm vibrations of their prized stone cross sections (phonons), and their operational edges can be attained at generally at lower levels of laser siphoning.
 

Expert analysts state that surging adoption of laser-based applications to enhance customer service is anticipated to add considerable traction to the global solid state laser industry progression. On the contrary, rising use of code-mixed language that leads to high complexity for laser tasks are hindering the industry expansion.
 

Coming to the geographical ambit, Asia Pacific solid state laser industry is poised to garner substantial returns by the year 2027, owing to growing usage of lasers in dentistry by major players and limited scope dental specialist. Apart from this, North America, Latin America, and Europe are the other key growth avenues for the industry.
 

Prominent players in global solid state laser market sphere are Huaray Ultrafast Fiber Laser Technology Co. Ltd., InnoLas Solutions GmbH, Northrop Grumman Corporation, Coherent Inc., Guoke Laser, Shandong Meiman Laser Technology Co. Ltd., Zolix Instruments Co. Ltd., Rofin-Sinar Inc., Jenoptik Group, Vescent Photonics, and CrystaLaser.