USD 9.51 Billion
Global Laser Diode Market Size, Share, Growth Analysis, By Doping Material(AlGaInP, GaN), By Wavelength(Blue Laser Diode, Blue-violet Laser Diode), By Application(Automotive, Consumer Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2215 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
96 |
Figures:
73
Global Laser Diode Market Insights
Global Laser Diode Market was valued at USD 9.51 Billion in 2022, and is poised to grow from USD 10.24 Billion in 2023 to reach USD 18.54 Billion by 2031, by rising at a CAGR of 7.7% during the forecast period (2024-2031)
Growing adoption of high-power laser diodes in autonomous vehicle technology is driving the market. Visual monitoring technologies are required for autonomous vehicles, such as high-resolution laser beams, which convert to white light, and the laser beams are directed towards the road by reflective particles that help drivers see 600 meters (about 1968.5 ft) in front of them (almost double the usable distance previously LED high beams). Lidar systems are a key component of autonomous vehicles. Research institutes, photonics companies and conventional auto parts suppliers are now positioning the new lidar technology to participate in this market in the future.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial
Growth Rate
7.7% CAGR
Global Laser Diode Market ($ Bn)
Country Share for North America Region (%)
Global Laser Diode Market By Application (%)
To get more reports on the above market click here to Buy The Report
Global Laser Diode Market Segmental Analysis
The laser diode market is segmented on the basis of doping material, wavelength, application, and geography. Based on doping material, the laser diode market is segmented into AlGaInP, GaN, GaAlAs, GaInAsSb, InGaN, and others. Based on wavelength, the laser diode market is segmented into blue laser diode, blue-violet laser diode, infrared laser diode, red laser diode, and others. By application, the laser diode market is segmented into automotive, consumer electronics, healthcare, military & defense, industrial and others. Based on geography, the laser diode market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Analysis by Doping Material
Gallium aluminum arsenide (GaAlAs) laser diodes dominated the global laser diode market by 2023 and is expected to maintain its dominance over the forecast period They are widely used in telecommunications and optical fiber networks due to its efficiency and reliability. Gallium arsenide (GaAs) laser diodes are commonly used in optical disk drives and barcode scanners.
Gallium indium arsenic antimony (GaInAsSb) laser diodes are gaining popularity in military and medical fields due to their exceptional wavelength capabilities. Aluminum gallium indium phosphide (AlGaInP) laser diodes are preferred for casting in the red to yellow spectral range, suitable for use here as laser signals and displays. Indium gallium nitride (InGaN) and gallium nitride (GaN) laser diodes find applications in solid-state lighting, Blu-ray players, and high-power laser systems. The global laser diode market also includes other doping products that serve specific niches. This comparative study highlights the various situations in the global laser diode market, showing different adoption patterns across different applications accordingly.
Analysis by Application
The automotive industry is expected to dominate the market during the forecast period owing to increasing adoption of hybrid and plug-in hybrid electric vehicles in both developed and developing countries Now also, the increasing trend of autonomous vehicles affecting the growth of the market requires laser diodes for LIDAR and radar systems. The growing demand for laser diodes in the automotive industry is due to their low cost. Additionally, the growing demand for autonomous vehicles is expected to track distance between vehicles and between vehicles using sensors and cameras to create 3D maps and environmentally relevant GPS systems.
The global laser diode market in the industrial application segment is growing exponentially due to several driving factors. Increasing adoption of laser diodes in industrial processes such as laser cutting, welding, material processing, etc. is driving the market growth in this segment. Laser diodes provide precise and efficient power delivery. and allows for precise and efficient monitoring of industrial operations. This improves efficiency, reduces waste and improves product quality.
Global Laser Diode Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Laser Diode Market Regional Insights
The North America region in the global laser diode market is experiencing high growth driven by rising technological innovations in the laser technology segment, catering to various applications including medical, telecommunications, military security, and automotive industries especially military in this sector. There has been a remarkable increase in research and development (R&D) activity in the defense industry and contributed significantly to the rise in demand for laser diodes in 2023, the United States allocated about 3.6% of its global gross domestic product (GDP) for annual military expenditure. This capital investment is poised to provide laser diodes with profitable growth opportunities, especially in military applications, where accuracy and advanced technology play a key role.
Asia-Pacific leads the global laser diode market, mainly due to the constant demand for product processing across industries. The automotive industry, heavy industry, and regional applications continue to require laser diodes for applications such as laser cutting, welding, surface treatment etc. These industries rely on laser diodes for their accuracy, efficiency and versatility in a variety of applications. The automotive industry in Asia Pacific is booming, with laser diodes playing an important role in automotive manufacturing, including precision cutting of auto parts and welding of body parts.
Global Laser Diode Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Laser Diode Market Dynamics
Drivers
- Use of Lasers in Medical and Healthcare to Drive Market Growth
In the past few years, the demand for laser diodes has increased in the healthcare industry due to their assistance in helping physicians focus the beam on guided areas with greater precision, without compromising intersections surrounded by reluctance.
However, these lasers are used to produce plastics for medical devices (polymer processing). Requirements for cosmetic surgical procedures, including surgical and non-surgical cosmetic procedures through reconstruction and augmentation of body structure for example, according to the American Society of Plastic Surgeons (ASPS) shows in 2018, about 18 million people in the U.S , wrinkles -Energy treatment cosmetic programs that improved, including surgical pigmentation and tattoo removal and non-invasive cosmetics including the size.
- Growing Automotive and Industrial Applications
Laser diodes are widely used in the automotive industry for applications such as LiDAR (Light Detection and Ranging) systems, adaptive headlights, gesture recognition systems in addition to cutting, welding and marking due to their accuracy and efficiency therefore Applications can be found in industrial manufacturing. Continuous advances in laser diode technology, including improvements in power output, efficiency and miniaturization, are expanding their applications in various industries and driving the growth of the market.
Restraints
- Growing Environmental Concerns Market Growth
Growing environmental concerns associated with rare earth mining are expected to hamper the growth of the global laser diode market during the forecast period. The rare earth elements include two transition elements and 15 lanthanides terbium, scandium, cerium, yttrium, neodymium, praseodymium, lanthanum, thulium, samarium and among others. These elements are known for their magnetic, photoelectroelectrochemical properties. These materials are used in the optical industry for plasma telescope lamps, microscopes and perceptive lenses. However, the extraction of rare earths poses environmental problems. Also reducing scarcity releases harmful by-products from the environment such as water, soil and air.
- Significant Initial Investment
Setting up a laser diode plant and developing a laser-based system requires a significant initial investment, which may act as a barrier to entry for new market players and force their adoption limits, especially in small and medium enterprises.
Request Free Customization of this report to help us to meet your business objectives.
Global Laser Diode Market Competitive Landscape
The competitive environment of the Global Laser Diode Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading provider of laser-based solutions for scientific research, commercial and industrial applications. Offers a diverse portfolio of engineering products and optoelectronic components including laser diodes for various industries such as aerospace, automotive and telecommunications. In development, manufacturing of laser diodes and optophotonic products for telecommunications, data center and industrial applications is an expert
Top Player’s Company Profiles
- Sony
- Nichia
- Sharp
- Ushio
- Osram
- TOPTICA Photonics
- Egismos Technology
- Arima Lasers
- Ondax
- Panasonic
- ROHM
- Hamamatsu
- Newport Corp
- Finisar
- Mitsubishi Electric
- Huaguang Photoelectric
- QSI
Recent Developments
- In June 2023, Coherent introduced its new PH20 SmartWeld+ laser processing head, which is optimized for welding depths accurate for electric vehicle (EV) manufacturing applications.
- In February 2023, IPG Photonics Corporation announced six high-performance diode laser solutions that offer many advantages over thermal ovens in industrial heating and drying applications.
- In April 2022, Lumentum introduced the Femtoblade laser system, the second generation of the company's high-precision ultra-fast industrial laser segment. The new system has a modular design, delivering high efficiency at high repetition rates in, thus ensuring better flexibility and speed of operation.
- In April 2022, MKS Instruments announced it had entered into an agreement with Atotech Limited to extend the previously announced and pending acquisition date of Atotech until September 30, 2022.
Global Laser Diode Key Market Trends
- Technological Advances Driving Laser Diode Market Growth:The advent of 5G technology stands out as a key driver for the growth of the global laser diode market, which is driving demand for laser diodes used in high-speed data communications. Telecom giants like Verizon and AT&T are deploying fiber optic networks that rely on laser diodes for efficient communication in 5G networks. This trend emphasizes the important role of laser diodes in improving telecommunication systems. In addition to telecommunications, the adoption of field vehicles for autonomous vehicles is another powerful development. The vibration of Velody Lidar and Luminar etc. takes advantage of Lesson-Doude Technology to increase the ability to raise their lidars, which contributes to Vardhaman Magadha in the automotive industry and health service development, especially in medical technology in, lezorode. Companies such as these are integrating laser diodes into medical devices and emphasizing their important role in healthcare applications.
Global Laser Diode Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global laser diode market is driven by increasing demand in various industries including optical communication, healthcare, automotive, and industrial applications. Technological advancements continue to improve laser diode productivity and performance, expand their utility and market is developed. However, challenges such as high initial investment costs, intense competition and regulatory requirements hinder market expansion Despite these challenges, the market is driven by many key players develop new products and capture market share through product differentiation and strategic partnerships.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.51 Billion |
| Market size value in 2031 | USD 18.54 Billion |
| Growth Rate | 7.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Laser Diode Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Laser Diode Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Laser Diode Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Laser Diode Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Laser Diode Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Laser Diode Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Laser Diode Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
