The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Laser Diode Global Market Report 2023, The global laser diode market is expected to grow from $7.16 billion in 2022 to $8.04 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The global laser diode market size is expected to reach $12.56 billion in 2027 at a CAGR of 11.8%.

Asia-Pacific held the largest laser diode market share and was the fastest-growing region in 2022.

Laser Diode Market Driver
The growing demand in the EV car industry is likely to boost the laser diode market ahead. Electric vehicles contain a motor that is powered by electricity stored in batteries. Furthermore, in order to combat COVID-19 and achieve net-zero emissions, EV and hybrid vehicles are rapidly becoming popular. It is an optoelectronic device that converts electricity into light energy in order to produce high-intensity coherent light, which is then used in EV vehicles, hence increasing demand. For example, according to the Global EV Outlook 2022 report, EV sales doubled from the previous year in 2021, reaching a new high of 6.6 million. Furthermore, global electric vehicle sales in 2021 are expected to reach 6600000 units, up from 2980000 units in 2018. As a result, the growing need for autonomous vehicles is propelling the laser diode market forward.

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Key Laser Diode Market Segments

The global laser diode market is segmented –

1) By Property: Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue Violet Laser Diode, Green Laser Diode, Ultraviolet Laser Diode

2) By Doping Material: InGaN, GaN, AIGaInP, GaAs, Other Doping Materials

3) By Technology: Double Hetero Structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, VECSEL Diodes

4) By End-User Industry: Aerospace And Defense, Automotive, Consumer Electronics, Electronics And Semiconductors, IT And Telecommunication, Other End-Users

Laser Diode Market Prominent Players
Major players in the laser diode market are Coherent Inc., Hamamatsu Photonics K.K, IPG Photonics Corp., Jenoptik AG, Newport Corporation, Rofin-Sinar Technologies Inc., ROHM Co. Ltd., Sharp Corporation, Sumitomo Electric Industries Ltd., Trumpf Gmbh + Co. KG, AMS-OSRAM AG, ASML Holding NV, Axcel Photonics Inc., Bluglass Limited, Frankfurt Laser Company, Infineon Technologies AG, Kyocera Corporation, Lumentum Holding Inc., MKS Instruments Inc., OSRAM Licht AG, Power Technology Inc., Thorlabs Inc., and Ushio Inc.

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Prominent Laser Diode Market Trend
Product innovation is a key trend that is gaining traction in the laser diode market. Major organisations in the laser diode industry are moving towards the usage of novel laser diode market solutions. For example, in April 2022, Lumentum Holdings Inc., a US-based laser diode firm, added a femtosecond laser system, FemtoBladeTM, to its portfolio of high-precision ultrafast industrial lasers. The modular architecture, which provides high power at high repetition rates, results in better flexibility, faster processing speed, and higher throughput for micromachining applications such as OLED, PCB, ceramic and glass cutting, engraving, and solar cell processing. The modular design of the FemtoBlade laser allows its non-linear optics unit to be readily field-replaced, considerably minimising downtime.

The Laser Diode Global Market Report 2023  provides comprehensive insights on the laser diode market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the laser diode market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Visible And UV Laser Diode Global Market Report 2023

Optoelectronics Global Market Report 2023

Opto Semiconductors Global Market Report 2023

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