Visible and UV Laser Diode Market Size and Analysis by 2028

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Visible and UV Laser Diode Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Doping Material (AIGaInP, GaN, and InGaN), Mode (Single Mode and Multi-Mode), and Application (Industrial, Defense, Scientific and Medical, and Others)

Publication Month: May 2022 | Report Code: TIPRE00028936 | No. of Pages: 155 | Category: Electronics and Semiconductor | Status: Published

The visible and UV laser diode market is projected to reach US$ 4,497.40 million by 2028 from US$ 3,127.50 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.

Over the years, multi-mode diode lasers have experienced a rise in uptake compared to traditional single-mode lasers. Their higher power outputs and broad beam diffraction allow light emission across a wider space for medical, industrial, and illumination applications. The multi-mode laser diodes are used for applications that require higher power. Depending on the wavelength, output powers range from 100 mW to 10 W per emitter, and they are available in both free-space and fiber-coupled packages.

Some companies offering multi-mode laser diode are Sheaumann Laser, Inc.; RPMC Lasers; and TOPTICA eagleyard, among others. These companies have increased their investment and developed various multi-mode diode lasers according to client requirements. For instance, Sheaumann Laser, Inc. offers a multi-mode laser diode with external locking options in a range of packaging configurations for wavelengths ranging from 780 to 1070 nm. Depending on the wavelength and package type, the company offers an output power of up to 30 W, as per their client requirements. Similarly, RPMC Lasers offers a wide range of wavelengths, including wavelength stabilized bars and single emitters, quantum cascade lasers (QCLs), CW DPSS (Diode-pumped solid-state) lasers, gas Lasers, laser combiners, and more, ranging from UV as low as 375 nm to LWIR up to 9.4 m with multi-mode outputs. Fiber laser pumping, laser cladding, surface-enhanced Raman spectroscopy (SERS), and machine vision are some of the applications of the product. Thus, the rise in multi-mode laser diodes offered by the companies for varied applications is propelling their uptake, fueling the global visible and UV laser diode market size.

Strategic Insights

Report Coverage - Visible and UV Laser Diode Market
Report CoverageDetails
Market Size Value inUS$ 3,127.50 million in 2021
Market Size Value byUS$ 4,497.40 million by 2028
Growth rateCAGR of 5.3% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
No. of Pages155
No. of Tables77
No. of Charts & Figures77
Historical data availableYes
Segments coveredDoping Material, Mode, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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– Visible and UV Laser Diode Market

Impact of COVID-19 Pandemic on North America Visible and UV Laser Diode Market Growth

The COVID-19 outbreak negatively impacted several developed economies in North America, including the US, Canada, and Mexico. In North America, the high-tech industry companies operating in the visible and UV laser diode market adopted digital tools. Many companies shifted their business model to e-commerce platforms. The companies focused on supply chain and distribution sales channels partners to manufacture and ship systems due to restrictions imposed by the government. Further, increased government’s investments in the defense & automation industry is supporting the growth of the visible and laser diode market. However, in the post pandemic of COVID-19 crisis it is been observed that there is decline in sales of the automotive vehicles which has slow down the visible and UV laser market growth. During the pre-COVID-19 crisis the increasing volume of sales of automotive vehicles, consumer electronics for home automation and the rising adoption of Industry 4.0 in manufacturing industries are further accelerating the growth of North America visible and UV laser diode market.

Lucrative Regions for Visible and UV Laser Diode Market

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Market Insights – Visible and UV Laser Diode Market

Based on region, the global visible and UV laser diode market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The North American market held the largest market share in 2020 and is also expected to dominate the market during the forecast period. North America visible and UV laser diode market, based on geography, is segmented into the US, Canada, and Mexico. In North America, countries such as the US and Canada increased their military expenses. For instance, according to data published by Stockholm International Peace Research Institute (SIPRI) in 2021, the US military budget was valued at US$ 801 billion. Between 2012 and 2021, US investment in military research and development (R&D) increased by 24%, while funding for arms purchases declined by 6.4%. The increase in R&D spending from 2012 to 2021 implies that the US is emphasizing more on next-generation technology. Thus, such a rise in military expenditure across the North American countries for research & development and adoption of technologically advanced weapons such as various directed energy weapons are influencing the North America visible and UV laser diode market players’ businesses.

The Europe visible and UV laser diode market held the second-largest market size in 2020. The huge presence of visible and UV laser diode manufacturers across the region is one of the major factors contributing to the growth of the market in Europe. On the other hand, the APAC visible and UV laser diode market is expected to grow at the highest CAGR over the forecast period. The surge in demand for passenger and commercial cars across the region, owing to the presence of a huge population and the rise in their spending capacity, is fueling the need for visible and UV laser diodes in this region. Additionally, the rapidly rising need for visible laser diode in medical applications and their high adoption for treating various ailments are further contributing to the growth of the APAC visible and US laser diode market.

Application-Based Insights

Based on application, the visible and UV laser diode market is segmented into industrial, defense, scientific and medical, and others. The visible and UV laser diodes have numerous applications in modern industrial processes. They are used in material processing in the processing of thin films and machining to surface processing. Further, they are also becoming popular in laser remote sensing for environmental monitoring and in the processing field in applications such as machine vision solutions and gas leak detection. With constant innovations in visible and UV laser diode, thus over the coming years the visible and UV laser diodes market are growing at an incline rate. Additionally, the companies operating in Visible and UV laser diode market are more focusing on enhancing the visible and UV laser diodes characteristics such as higher efficiency, lower overall cost, mature technology, flexibility, ease of setup, scalability, long lifetime, environmental friendliness, and low maintenance which in turn is positively impacting the growth of the visible and UV laser diode market.

The visible and UV laser diode market is segmented based on doping material, mode, application, and geography. Based on doping material, the market is segmented into AlGaInP, GaN, and InGaN. Based on mode, the visible and UV laser diode market is bifurcated into single mode and multi-mode. By application, the market is segmented into industrial, defense, scientific and medical, others. By geography, the visible and UV laser diode market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

OSRAM International GmbH, OSI LaserDiode, TRUMPF, Nichia Corporation, and Newport Corporation are among the prominent players in the visible and UV laser diode market. The market is highly fragmented with several players localized in a specific region to cater to the domestic demand.

Players operating in the visible and UV laser diode market are mainly focused on the development of advanced and efficient products.

  • In May 2022, MKS Instruments, Inc. stated that it had entered into a formal agreement to purchase Photon Control Inc. for CAD$ 3.60 per share in an all-cash deal valued at approximately CAD$ 387 million, with a CAD$ 343 million enterprise value.
  • In March 2022, BluGlass Limited, an Australian semiconductor company, agreed to pay US$ 2.5 million for a commercial Silicon Valley laser diode production facility lease and manufacturing equipment (the Fab). BluGlass' growth plan will be accelerated by the acquisition. This acquisition will greatly increase the company’s laser diode manufacturing capacity, and it will move forward with higher-value product development deadlines.

Frequently Asked Questions

The increasing uptake of multi-mode diode lasers and visible and UV laser diodes across the automotive industry has been driving the market over the years. However, the high uptake of LEDs over laser diodes is restricting the global market's growth. The rise in strategic initiatives among leading players and the surging uptake of visible and UV laser diodes for medical applications are expected to contribute substantially to the global market over the forecast period.
The rising uptake of visible and UV laser diodes worldwide for various applications, such as industrial, defense, medical, and automotive, is also influencing the rise in investment in research & development and innovation in laser diode products over the years. , the rise in investment in product development by private market players, coupled with the surge in investment in research & development activities by various institutions, are expected to fuel the demand for advanced and efficient visible and UV laser diode products over the forecast period.
The AlGaInP segment led the visible and UV laser diode market with a significant share in 2020. It is further expected to account for a substantial market share by 2028.
The visible and UV laser diode market was dominated by North America in 2020 and will continue to dominate the market by 2028 accounting for substantial share market. Europe is the second-largest contributor to the visible and UV laser diode market, followed by APAC.
The major companies in visible and UV laser diode market includes ASML Holding NV; Coherent, Inc.; IPG Photonics; Newport Corporation; Nuvoton Technology Corporation; ProPhotonix; Jenoptik AG; Sheaumann Laser, Inc.; Osram Licht AG; and TRUMPF Group.
The industrial segment led the visible and UV laser diode market with a noteworthy market share in 2020. The segment is expected to continue to grow throughout the forecast period.

The List of Companies - Visible and UV Laser Diode Market

  1. ASML Holding N.V
  2. Coherent, Inc.
  3. IPG Photonics
  4. Newport Corporation
  5. Nuvoton Technology Corporation
  6. Jenoptik AG
  7. Sheaumann Laser Inc.
  8. Osram Litch AG
  9. Trumpf Group
  10. BLUGLASS LIMITED
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global visible and UV laser diode market
  • Highlights key business priorities to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global visible and UV laser diode market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TIPRE00028936
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