LONDON--(BUSINESS WIRE)--The global xenon flash lamp market size is expected to grow by USD 46.40 million during 2020-2024, progressing at a CAGR of 9% during the forecast period. Download Free Sample Report
The growing demand from various industries, and the demand from precision farming applications are among the major factors propelling the market growth. However, factors such as the emergence of substitutes may hamper the market growth.
The advantages of xenon flash lamp pumped laser such as stable simmer, dependable trigger, and consistent lamp-to-lamp quality make them suitable for use in medical and cosmetic applications while performing surgeries. For example, in the medical sector, xenon flash lamp pumped lasers are used while performing eye surgeries and kidney stone surgeries. Similarly, xenon flash lamp pumped lasers are used for various cosmetic surgeries, such as hair removal, tattoo removal, and skin rejuvenation procedures. Additionally, due to the high precision that they provide, xenon flash lamp pumped lasers are used in various manufacturing processes such as cutting, welding, drilling, and marking. Hence, the growing demand from various industries is one of the key factors driving the xenon flash lamp market growth during the forecast period.
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Global Xenon Flash Lamp Market: Application Landscape
Based on the application segmentation analysis, the laser segment is expected to witness lucrative growth during the forecast period due to the increasing demand from the medical sector. In addition, the increasing use of lasers in several manufacturing processes such as welding, drilling, and cutting will be another prominent factor driving the demand from the laser segment.
Global Xenon Flash Lamp Market: Geographic Landscape
As per Technavio's geographical segmentation, APAC is expected to experience significant growth during the forecast period. The growth of the market in APAC can be attributed to several factors such as the increasing demand for xenon flash lamps from the semiconductor manufacturing, medical, and cosmetic sectors.
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Companies Covered
- Amglo Kemlite Laboratories Inc.
- Excelitas Technologies Corp.
- Hamamatsu Photonics KK
- Heraeus Holding GmbH
- HOLOGENIX
- Nam Kwong Electric Co. Ltd.
- PerkinElmer Inc.
- SARSPEC LDA
- Sugawara Laboratories Inc.
- Ushio America Inc.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Xenon Flash Lamp Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist xenon flash lamp market growth during the next five years
- Estimation of the xenon flash lamp market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the xenon flash lamp market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of xenon flash lamp market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Industrial - Market size and forecast 2019-2024
- Laser - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Driver-Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amglo Kemlite Laboratories Inc.
- Excelitas Technologies Corp.
- Hamamatsu Photonics KK
- Heraeus Holding GmbH
- HOLOGENIX
- Nam Kwong Electric Co. Ltd.
- PerkinElmer Inc.
- SARSPEC LDA
- Sugawara Laboratories Inc.
- Ushio America Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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