Publication Month: May 2022 | Report Code: TIPRE00028936 | No. of Pages: 155 | Category: Electronics and Semiconductor | Status: Published
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.
|Market Size Value in||US$ 3,127.50 million in 2021|
|Market Size Value by||US$ 4,497.40 million by 2028|
|Growth rate||CAGR of 5.3% from 2021 to 2028.|
|Forecast Period||2021- 2028|
|No. of Pages||155|
|No. of Tables||77|
|No. of Charts & Figures||77|
|Historical data available||Yes|
|Segments covered||Doping Material, Mode, and Application|
|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|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
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.
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.