Diode Laser Market is anticipated to hit .98 billion by 2023 at a CAGR of 5.44
Posted by Lohitha on August 7th, 2019
According to the new market research report by IndustryARC titled “Diode Laser Market: By Category (Injection, Optically pumped semi-conductor); By Type (Double hetero structure, Quantum well, Quantum cascade, Distributed feedback, VCSEL, VECSEL, SCHS, External cavity, Distributed Bragg reflector, Quantum dot, Interband cascade); By wavelength (Ultra-violet, red, green, blue, violet); By Industry (Automotive, Healthcare, Consumer Electronics, Military, industrial, medical equipment and Others); By Geography - Forecast (2018-2023)”, the market is driven by the emergence of new market opportunities, reduction in product ASPs, and innovative and power efficient product launches from companies.
Americas held the largest market share in the Diode Laser Market
The American region holds the largest market share and growth in the Diode Laser Market and is anticipated to reach 5.60 billion by 2023 at a CAGR of 2.49%. However, APAC witnesses highest growth during the forecast period and is expected to reach 7.30 million by 2023 at a CAGR of 4.63%. Diode Laser Market is mainly driven by the demand for infrared diode lasers, which is on the rise due their low cost, and low power requirement, and this is driving different types of vendors to move into the market. The key industry verticals include Consumer Electronics, Medical, Automotive, Healthcare, and Defense.
Selected Value Chain Analysis done in the full report
The value chain of a laser diode module consists of the following primary activities:
Excerpts on Market Growth Factors
It has been stated by Kiyomi Monro, CEO, Bio photonic Solutions, that photons are the new ‘fuel’ of the 21st century. This is because of proven effectiveness of photonics in improving efficiency in the field of material processing, increased use in medical science and lighting a communications infrastructure that’s already leading to a transformative virtualization of our society.
Doping material is one prime segmentation in which InGaN is anticipated to reach .2 billion by 2019 at a CAGR of 4.76%.
HPDDLs are physically compact and lightweight, compared to most other industrial lasers, therefore making their integration cost very low.
The global diode laser market has been highly volatile since the past decade with flat growth, revenue dips and growths seen by the industry players.
The growth prospects of new and emerging product segments like high-powered direct diode lasers, green diode lasers and others will be the significant growth drivers for this market.
Other factors such as emergence of new market opportunities, reduction in product ASPs, innovative and power efficient product launches from companies gave the needed impetus to the diode laser market.
The high growth rate of smartphones will also contribute to the thermoplastic welding industry and hence, indirectly to the diode lasers market.
The industry is highly resilient as the products manufactured by more than 50 players across the world are used in industry verticals like telecommunications and medical.
Applications for these diodes are in biotechnology, outdoor laser shows, line and dot lasers, embedded pico projectors and spectrometers. High beam quality, efficiency, product lifetime and temperature range are the advantages of these laser types.
Traditional diode lasers had limited to no role in these application areas, but the current line of green diode lasers are estimated to grow at a phenomenal rate and contribute significantly to the global diode laser market in the next five years.
Field of application of the diode lasers is extensive and still growing. The customers, who are essentially the manufacturers of the end user products in these various fields, are large in number.
Key players of Diode Laser Market:
OSRAM is the top company followed by Coherent and Newport. Osram is all set to develop Laser light source for the BMW i8 series. BMW i8 series is the first vehicle in the world with laser light.
Mr. Venkat Reddy
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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About the AuthorLohitha
Joined: August 6th, 2019
Articles Posted: 121
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