$4550
$3000
The laser diode market was valued at US$ 6.1 billion in 2015 and is projected to reach US$ 17.7 billion by 2025; it is expected to grow at a CAGR of 11.2% during 2015–2025.
LASER stands for Light Amplification by Stimulated Emission of Radiation. Laser diode is a p-i-n junction electrically pumped semiconductor diode. Its active region is located in the intrinsic region and the carriers such as holes and electrons are pumped into the P and N regions respectively. Initially, laser diodes were made using p-n diodes; however, modern laser diodes utilize the double heterostructure implementation. The photons and carriers are confined to maximize the chances of recombination and generation of light. In order to produce light, all the carriers in the I region need to be recombined. Thus, these laser diodes are made using direct band gap semiconductors. Crystal growth technique is utilized in the growth of laser diode epitaxial structure that is usually initiated from an N-doped cladding and contact layer. The active layer comprises quantum wells that offers low threshold current and greater efficacy.
Laser diode market produces a bright output when it is small and compact in size. Currently, laser diodes operating in CW offer tremendous power in packages as compact as few cubic centimeters. This feature is beneficial in several devices such as cable TV (CATV) transmission, high definition (HD) TV development, and healthcare applications. In addition, it runs at low power as compared to other laser sources since a majority of the laser diodes operate with voltage requirements of less than 2V. Furthermore, the power efficiency of laser diodes is greater than 30% vis-à-vis laser sources. Since the laser diodes are made of semiconductor materials, they do not require mirror alignment or fragile glass that is typically used in gas lasers. The resultant small size and ruggedness of laser diodes enables them to be utilized in spaces and environments where other laser sources cannot operate. These factors aid to the growth of the market.
Lucrative Regions for Laser Diode Market
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Market Insights
Laser Diode Market Government Policies Favoring the Use of Laser Technology in the Engraving and Marking of Products
Laser Diode Market Government Policies Favoring the Use of Laser Technology in the Engraving and Marking of Products
Laser marking tool is a reliable technology offering easy assistance and better efficiency. There are several laser marking options available in the market with different specifications and uses. Before the laser technology was introduced, there were several other printing methods in vogue such as acid etching chemicals and ink. However, these technologies do not suit the ever-increasing array of designs and materials nowadays. These traditional marking and engraving methods are now considered to be useless or are prohibited by the government due to their harmful after effects. Thus, new government policies and regulations to dispose traditional markings and replacing them with environment friendly and cleaner laser technology are expected to boost the global laser diode market.
A laser machine used for cutting application consists of a laser beam, lens, and beam control. Laser cutting technology uses lasers for material cutting and is mainly used in manufacturing and industrial applications. Lasers are used to mark materials and objects with fine spot diameter. Due to the negligible heat input, the laser marks short pulses with pre-defined control. Thus, automation of laser marking makes it versatile, environment friendly, and lesser costly.
Doping Material Segment Insights
Based on doping material, the laser diode market is segmented into AlGaInP, GaN, GaAlAs, InGaN and others. Semiconductor lasers are analogous to laser diodes and have the output beam characteristics of laser light. They have an active medium which is a p-n junction forward biased diode, and do not require mirrors for reflectivity which is needed to obtain a feedback mechanism. Reflection from the cleaved end of the semiconductor diode chip is enough to produce the lasing effect. Pulsing the laser helps improve the lasing performance. The rising demand for laser diodes is due to the fact that they are compact, work at low power, and have a higher output efficiency.
Wavelength Segment Insights
Based on wavelength, the laser diode market is bifurcated into blue laser diode, blue-violet laser diode, infrared laser diode, red laser diode and others. The visible range for human eye is between 400 nm – 700 nm, while the highest possible wavelength seen by the human eye is 555 nm. Besides, human eyes are sensitive in a non-linear pattern. Thus, for equal power, a 100 mW red laser diode will appear dimmer than a 100 mW green laser diode. Green laser diode being the nearest to the peak of the eye’s sensitivity is a standout when compared to the other laser diodes such as blue, violet, and red. Furthermore, a 100 mW 532 nm green laser diode when compared with a 2,000 mW 1064 nm infrared laser diode would look much brighter due to the fact that infrared light cannot be perceived by human eyes.
Application Segment Insights
Based on application, the laser diode market is bifurcated into automotive, consumer electronics, healthcare, military & defense and others. In 2015, instrumentation & sensors, industrial held the largest market share. Besides, healthcare laser diode and consumer laser diode segments are expected to gain market share during the forecast period due to significant adoption of these laser diodes in various applications.
Diode Type Segment Insights
Based on diode type, the laser diode market is bifurcated into bar laser diodes, stack laser diode and single emitter laser diode. The applications of these laser diodes include medical, automotive, manufacturing, and material processing such as welding, hardening, alloying and others.
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Laser Diode Market: Strategic Insights
Market Size Value in US$ 6.1 Billion in 2015 Market Size Value by US$ 17.7 Billion by 2025 Growth rate CAGR of 11.2% from 2015-2025 Forecast Period 2015-2025 Base Year 2015
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Laser Diode Market: Strategic Insights
| Market Size Value in | US$ 6.1 Billion in 2015 |
| Market Size Value by | US$ 17.7 Billion by 2025 |
| Growth rate | CAGR of 11.2% from 2015-2025 |
| Forecast Period | 2015-2025 |
| Base Year | 2015 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
2015: ASML Holding NV signed an agreement to deliver a minimum of 15 Extreme Ultraviolet (EUV) lithography systems to its US clients. This agreement was aimed at enhanced development activity and the pilot production of next-generation manufacturing processes. EUV eases the manufacturing process for advanced chips with significant benefits in terms of yield and cycle time by reducing cost-per-function, packing more transistors on a chip, and improving energy efficiency.
2015: Axcel Photonics, Inc. was acquired by Sheaumann Laser, Inc. based out of Massachusetts, the U.S. Sheaumann is involved in the manufacturing of laser diodes for products such as DPSS, flash lamps, and other diode modules for defense, industrial, medical and scientific markets.
The Global Laser Diode Market has been Segmented as Follows:
Laser Diode Market – By Doping Material
- AlGaInP
- GaN
- GaAlAs
- InGaN
- Others
Laser Diode Market – By Wavelength
- Blue Laser Diode
- Blue-Violet Laser Diode
- Infrared Laser Diode
- Red Laser Diode
- Others
Laser Diode Market – By
Application
- Automotive
- Consumer Electronics
- Healthcare
- Military & Defense
- Others
Laser Diode Market – By Diode Type
- Bar Laser Diodes
- Stack Laser Diode
- Single Emitter Laser Diode
Laser Diode Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Laser Diode Market – Companies Profiles
- ASML Holding N.V.
- Axcel Photonics, Inc.
- Coherent, Inc.
- IPG Photonics Corporation
- Newport Corporation
- Panasonic Semiconductor Solutions Co., Ltd.
- Rofin-Sinar Technologies Inc.
- Sharp Corporation
- Sumitomo Electric Industries, Ltd.
- Trumpf GmbH + Co. KG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Doping Material, Wavelength and Applications
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies - Laser Diode Market
1. ASML Holding NV 2. Axcel Photonics, Inc. 3. Coherent Inc. 4. IPG Photonics Corp. 5. Newport Corp. 6. Rofin-Sinar Technologies Inc. 7. Sharp Corporation 8. Sumitomo Electric Industries, Ltd. 9. Trumpf GmbH + Co. KG 10. Panasonic Semiconductor Solutions Co., Ltd.The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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