Laser Diode Market have Increased Usage in Several Sectors, Forecast during 2021-2028

 

Laser Diode

Laser Diode Market, By Doping Material (InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, Others), By Application (Industrial, Consumer Electronics, Healthcare, Automotive, Defense, Others), By Technology (Double Heterostructure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, VECSEL Diodes), By Property (wavelength) (Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue Violet Laser Diode, Green Laser Diode, Ultraviolet Laser Diode)), By Regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028.

The Global Laser Diode Market Is Estimated To Be Valued At US$ 11.9 Million In 2021 And Is Expected To Exhibit A CAGR Of 18.8% Over The Forecast Period (2021-2028).

Market Overview:

Laser Diodes are semiconductor devices that emit coherent light through stimulated emission. They are compact, efficient, and versatile light sources that find widespread use in various applications. Laser diodes are constructed using a p-n junction, where an active layer of semiconductor material is sandwiched between two layers of different types of semiconductor materials. The active layer is usually made of gallium arsenide (GaAs) or indium gallium arsenide phosphide (InGaAsP). When a forward voltage is applied across the p-n junction, it stimulates the emission of photons, resulting in the generation of laser light.

Competitive Landscape:

Major players operating in the global laser diode market include Newport Corp., IPG Photonics Corp., Rofin-Sinar Technologies Inc., Sharp Corporation, Coherent Inc., Sumitomo Electric Industries, Ltd., Axcel Photonics, Inc., Trumpf GmbH + Co. KG, and ASML Holding NV.

Key Market Drivers:

Laser Diodes are integral components in various laser-based technologies, including optical communication systems, laser printing, barcode scanning, and laser pointers. The increasing adoption of these technologies across industries is expected to augment the growth of the global Laser Diode Market. For instance, in January 2020, USHIO launched an advanced 660nm red laser diode, which can produce an output power of 200mW CW/400mW pulsed. Laser diodes play a crucial role in medical applications such as laser surgery, dermatology, ophthalmology, and dental procedures. With the continuous advancements in medical technology, there is a rising demand for laser diodes in the healthcare sector.

Laser diodes are widely used in industrial manufacturing processes such as laser cutting, welding, marking, and engraving. The growth of industries like automotive, electronics, and aerospace is estimated to enhance the growth of the global laser diode market. The consumer electronics sector, including smartphones, tablets, and optical storage devices, extensively uses laser diodes for applications like optical data reading, display technology, and gesture recognition. The rapid growth of the consumer electronics market has led to a surge in the demand for laser diodes.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global Laser Diode Market. For instance, in February 2020, OSRAM Opto Semiconductor GmbH introduced a 65-Watt laser to the company's LiDAR photonics portfolio.

Key Takeaways:

·       North America is expected to dominate the growth of the global Laser Diode Market, owing to the presence of major technology companies, extensive research and development activities, and the adoption of laser-based technologies across multiple industries. For instance, in March 2020, IPG Photonics Corporation announced that the company will be extending its portfolio of coherent modules.

·       The Asia Pacific is estimated to witness significant growth in the global laser diode market. The region is witnessing rapid industrialization, strong growth in consumer electronics, and increasing government initiatives to promote advanced manufacturing technologies. Countries like China, Japan, South Korea, and Taiwan are key contributors to the market expansion. For instance, in October 2019, BluGlass Ltd announced the company's direct-to-market business unit for offering higher efficiency and brightness GaN laser diodes.

 

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