Global YAG and Nd:YAG Crystals Market is Expected to Grow At 3.1% Compound Annual Growth Rate (CAGR), by Revenue, and 2.6% CAGR, by Volume, from 2017 - 2025: Factor & Equilibrium

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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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
  • U.S.
  • Canada
• 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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