DUBLIN, October 21, 2022 /PRNewswire/ — The “Global Laser Diode Market by Wavelength (Infrared, Green, Blue, Ultraviolet), Dopant Material, Technology (Distributed Feedback, Quantum Cascade, VCSEL), Application (Industrial, Medical, Consumer Electronics, Telecom) and Region – Forecast to 2027 ” was added ResearchAndMarkets.com Offer.
The global laser diode market is expected to continue growing $5.9 billion in 2022 to $10.9 billion in 2027, at a CAGR of 13.1% between 2022 and 2027. One of the factors driving the growth of the laser diode market is the increase in demand for high-power laser diodes for industrial applications and rising investments in military and defense leading to high demand for laser technology.
Developments in laser diode technology are revolutionizing the biomedical field. Recently, laser manufacturers have been developing red laser diodes in the 640 nm band, which is close to the He-Ne lasing wavelength. These are used, for example, for fluorescence bio-imaging, confocal microscopy and scattering measurements such as flow cytometry and particle size measurement.
Red laser diodes are the second fastest growing segment of the laser diode market during the forecast period
New red laser diodes are based on doping materials such as GaInP or AlGaInP and are available with different output powers from 625 nm to 680 nm. Red laser diode features include high stability, high efficiency, ease of use, high reliability, low noise and excellent laser beam quality. Optically pumped semiconductor lasers either emit red light directly or generate red light by generating the second harmonic. Red laser diodes are used in various applications such as laser pointers for optical data recording or retrieval, laser projection displays, interferometers, military, industrial, pumping of certain solid state lasers, and in medical therapies among others.
The Gallium Nitride (GaN) segment is the fastest growing segment of the laser diode market until 2027
The Gallium Nitride (GaN) segment is expected to grow at the highest CAGR during the forecast period. The use of GaN-based laser diodes in LiDAR applications should create long-term growth opportunities for the players active in the ecosystem. Technological innovations in consumer electronics alongside smartphones, such as augmented reality and virtual reality (AR/VR) devices, are expected to further increase the demand for GaN-based laser diodes in 3D sensing applications.
The VCSEL diode segment is the fastest growing segment of the laser diode market until 2027
The VCSEL laser diodes are the fastest growing segment in the laser diode market. The driving factors responsible for the growth of the VCSEL market include the increasing adoption of VCSEL technology in LiDAR applications and the increasing use of VCSEL in data communications. VCSELs are highly efficient and economical for use in various applications such as data communication and 3D sensing. Increasing application of 3D sensing in smartphones is expected to be the main factor driving VCSEL market growth.
North America is the second fastest growing laser diode market during the forecast period
Advanced medical facilities in the US use various medical devices made with laser diodes. The use of laser diodes in surgical procedures is steadily increasing. In addition, the presence of leading telecom, aerospace and defense, and automotive companies such as AT&T, Verizon Wireless, Boeing, and General Motors is expected to fuel the growth of the laser diode market in China North America.
- Growing areas of application for laser diodes in various industries
- Expanding fiber laser market
- Strong demand for high power laser diodes for industrial applications
- Increasing investment in military and defense leads to high demand for laser technology
- High initial investment required for industrial applications
- Increasing applications of laser diodes in the biomedical field
- Development of VCSEL technology (Vertical Cavity Surface Emitting Laser).
- Environmental concerns with the use of rare earth elements
Main topics covered:
2 research methodology
4 premium insights
5 Market Overview
6 laser diode, by mode of operation
7 Laser Diodes Market by Wavelength
8 Laser Diodes Market by Doping Material
9 Laser Diodes Market by Technology
10 Laser Diodes Market by Application
11 Laser Diodes Market by Regions
12 competitive landscape
13 company profiles
14 Neighboring and Related Markets
- Alpes Laser SA
- ams OSRAM AG
- Arima Laser Corp.
- Bluglass Limited
- Frankfurt Laser Co.
- Hamamatsu photonics
- II-VI included
- IPG photonics
- Kyocera SLD Lasers, Inc.
- Lumics GmbH
- MKS instruments
- Nichia Corporation
- Panasonic Industry Co.Ltd.
- Energy Technologies Inc.
- ROHM Co.Ltd.
- RPMC laser
- Sharp Corporation
- Sheaumann Lasers, Inc.
- Thorlabs Inc.
- Toptica Photonics
- trump card
- Ushio Inc.
For more information about this report, visit https://www.researchandmarkets.com/r/1e33ji
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SOURCE Research and Markets