The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The edge emitting laser market has experienced significant growth in recent years, with its size expanding rapidly from $1.59 billion in 2023 to an estimated $1.80 billion in 2024, marking a compound annual growth rate (CAGR) of 13.4%.

 

Historic Growth Drivers

• Healthcare and Medical Sectors: Increased applications in these areas have driven market growth.
• Automotive Headlights: Rising demand for laser diodes in this segment.
• Automotive Lidar Applications: Enhanced utilization in lidar technologies.
• 3D Scanning and Printing: Growing preference for edge emitting lasers in these applications.
• Automotive Industry Expansion: Overall market growth fueled by developments in the automotive sector.

 

Future Market Projections

The market is expected to continue its rapid growth, reaching $3.00 billion by 2028, with a CAGR of 13.6%.

 

Forecast Period Growth Drivers

• Optical Fiber Communication: Increasing use of edge emitting lasers in this field.
• Rising Information Traffic: Greater demand for high-speed communication.
• Single Wavelength Laser Beams: Efficiency of edge emitting lasers in producing these beams.
• Medical Applications: Expanding adoption in healthcare settings.

 

Read The Full Edge Emitting Laser Market Report Here:

https://www.thebusinessresearchcompany.com/report/edge-emitting-laser-global-market-report

 

Major Trends

• High-Speed Communication: Growing need for faster data transfer.
• Instrumentation and Sensors: Increased use in various instruments and sensors.
• Smart Displays: Adoption in advanced display technologies.
• AR and VR Devices: Application in augmented reality and virtual reality devices.

 

IoT Expansion and Its Impact

The adoption of Internet of Things (IoT) is set to propel the edge emitting laser market forward.

• IoT Network: Interconnected devices with sensors, software, and technologies.
• Efficiency and Cost Savings: Enhanced by IoT integration.
• Remote Operations: Improved through IoT capabilities.
• Revenue Generation: IoT adoption driving growth.

 

IoT Statistics

• GSM Association Data (2022): Global IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion by 2025.

 

Leading Companies and Innovations

Several major companies are pioneering new technologies in the edge emitting laser market.

• Sony Corporation, EMCORE Corporation, TRUMPF Group: Among the key players.
• Gallium Nitride (GaN) Technology: Focus on developing high-performance lasers using GaN.

 

Example of Innovation

• Kyocera Corporation (September 2022): Launched a GaN laser chip designed for micro-light sources, crucial for next-gen automotive displays and AR/VR applications.

 

Strategic Acquisitions

Companies are expanding their presence and product portfolios through acquisitions.

• TOPTICA Photonics AG (February 2023): Acquired Azurlight Systems SAS to strengthen its European presence and enhance its product offerings.

 

Market Segmentation

The edge emitting laser market is segmented as follows:

1. By Product Type: Distributed Feedback Laser, Distributed Bragg Reflector Laser, Fabry-Perot Laser, Broad Area Laser Diode.
2. By Application: Optical Communication, Material Processing, Medical Surgery, Displays, Research and Development, Other Applications.
3. By Industry: Defense and Sensing, Medical and Life Sciences, Optics and Photonics, Electronics, Oil and Gas, Other Industries.

 

Regional Insights

• North America: The largest region in the edge emitting laser market as of 2023.

The edge emitting laser market is poised for substantial growth, driven by advancements in technology, expanding applications, and strategic industry moves.

 

Get A Free Sample On The Global Edge Emitting Laser Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=16043&type=smp

 

The Edge Emitting Laser Global Market Report 2024  provides an overview of the edge emitting laser market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The edge emitting laser market forecast analyzes edge emitting laser market size, edge emitting laser market share, leading competitor and their market positions.

 

Explore Similar Reports From The Business Research Company:  

Fiber lasers Global Market Report 2024

Medical Lasers Global Market Report 2024

Gynecology Medical Lasers Global Market Report 2024

 

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

 

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: