Laser Diode Market Future Scope, Top Vendors, CAGR Status and Forecast by 2025

Posted by Avi on October 19th, 2022

As per a new market research study titled ‘Laser Diode Market to 2025 – Global Analysis and Forecasts by Doping Materials, Wavelength Application, Diode Types and Pricing Analysis’, the global Laser Diode market was valued at US$ 6.13 Bn in 2015 and is estimated to reach US$ 17.70 Bn by 2025. The report focuses on the developments in the global Laser Diode market, the pricing of various Infrared Laser Diodes varying as per the different output powers in different regions across the globe and also the driving and restraining factors for the market.

The deployment of laser technology is a step forward in the consumer electronics industry as it is useful in the manufacturing of high power Pico-projectors embedded in television, portable projectors, and mobile phones. Laser diodes find application in lighting, backlight display, optical storage devices (such as CDs, DVDs, etc.), and tattoo removing/erasing machines. Thus, the consumer electronics laser diode segment is expected to flourish globally, especially in the populous countries of APAC and the developed countries of North America and Europe.

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The growth of the U.S. laser diode market sector is improving moderately within the construction equipment, automotive, rail car production, commercial aerospace, and energy verticals; however, the agricultural equipment vertical market is expected to witness a decline next year. The U.S. laser diode market is expected to growth with a CAGR of 9.6% during the forecast period. Sharp Corporation, Coherent, Inc., Trumpf GmbH + Co. KG, ASML Holding NV, Rofin-Sinar Technologies Inc., Panasonic Semiconductor Solutions Co., Ltd., IPG Photonic Corp, Axcel Photonics, Inc., and Newport Corp among others are few leading players in the Laser Diode Market.

The report is segmented by doping material, wavelength applications and diode types. Doping materials is further segmented into AlGaInP, GaAlAs, GaN, InGaN and others such GaAs and GaInAsSb. Wavelength segmentation front, the market has been divided into blue laser diode, blue-violet laser diode, IR, red and others (green and UV). Weight and size, voltages, power supplies, intensity and diode types such as bar, stack and single emitter laser diodes are the parameters considered in understanding the demands of laser diode in various industry verticals namely the healthcare, military and defense, instrumentation, manufacturing and automotive.. For geographical segmentation, the market is segmented into Europe, Middle East & Africa (MEA) North America, Asia Pacific (APAC), and South America (SAM).

Pricing analysis have been done by considering various factors of laser diode such as wavelength, output power, and average pricing. It has been observed that pricing of these laser diodes vary with respect all the above mentioned parameters. The prices of laser diodes also vary with respect to regions due to changing economic conditions such as import duty, taxation, etc. The laser industry have been following dollar per watt trends which is making more sense with the growing applications of lasers in various applications such as automotive, medical, consumer electronics, etc., the prices are expected to fall almost to half tentatively in next 5 years.

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