Semiconductor Laser Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Semiconductor Laser Market
The semiconductor laser market size was valued at USD 7.22 billion in 2021, and the market is now projected to grow from USD 7.69 billion in 2022 to USD 13.25 billion by 2029, exhibiting a CAGR of 8.1% during the forecast period of 2022-2029.
The COVID-19 pandemic has controlled the trade happenings of several industries, embracing automotive, consumer electronics, and others. This fell the demand for the products vital during manufacturing. Laser solutions are broadly used in the business of consumer electronics, automotive, and other industries. Also, international automotive demand depreciated during the pandemic.
Rising investment by electronics device manufacturers in smart linked devices is projected to motivate the semiconductor laser market growth. Laser diodes are extensively used in manufacturing consumer electronics devices for greater products. Laser diodes have several uses such as therapeutic analysis, scientific investigation, broadcastings, military kit, barcode scanners, consumer electronics, optical storing devices, printers, entertaining, manufacturing, surveying, and others. They are broadly used in therapeutic, industrial, and communication uses.
Growing implementation of laser diodes by the prominent manufacturers of optical communication devices used in trade the data centers uses to motivate the market development. High-precision laser diodes are used to make satellite elements and numerous telecommunication devices.
Comprehensive Analysis of Semiconductor Laser Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by application. Based on type, the market is categorised into Fiber Optic Lasers (FOL), Vertical Cavity Surface Emitting Lasers (VCSEL), blue laser, red laser, green laser, infrared laser, and others (compact disc laser). Based on application, the market is considered into medical & aesthetic, instruments & sensors, aerospace, defense, and military, materials processing, communications & optical storage, entertainment, displays, & printing, and others.
Asia Pacific region is dominating the semiconductor laser market share due to strong manufacturing segment. Semiconductor laser is broadly used for metal cutting across the automotive segment and heavy machinery trade.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include OSRAM Licht AG (Germany), ASML Holding NV (Netherlands), Coherent Inc. (U.S.), Mitsubishi Electric (Japan), Huaguang Photoelectric (China), Hans Laser Technology Industry Group Co. Ltd. (China), IPG Photonics Corporation (U.S.), Panasonic Corporation (Japan), ROHM Co. Ltd. (Japan), Sharp Corp. (Japan) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In September 2022, Coherent Corporation in the communications and aerospace & defense industry firm propelled I-Temp micro pump semiconductor lasers. The laser propelled for the prolonged temperature operations for the optical interacting.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD billion)
Segmentation
By Type, Application, and Region
By Type
Fiber Optic Lasers (FOL)
Vertical Cavity Surface Emitting Lasers (VCSEL)
Blue Laser
Red Laser
Green Laser
Infrared Laser
Others (Compact Disc Lasers)
By Application
Medical & Aesthetic
Instruments & Sensors
Aerospace, Defense, and Military
Materials Processing
Communications & Optical Storage
Entertainment, Displays, & Printing
Others (Printing, Lithography)
By Region
North America (By Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe
China (By Application)
Japan (By Application)
India (By Application)
Southeast Asia (By Application)
ASEAN (By Application)
Oceania (By Application)
- Rest of Asia Pacific
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints, Opportunities and Trends
- 3.2. Impact of COVID-19
- 3.2.1. Short-term Impact
- 3.2.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Semiconductor Laser Key Players Market Share Insights and Analysis, 2021
- 5. Global Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Fiber Optic Lasers (FOL)
- 5.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 5.2.3. Blue Laser
- 5.2.4. Red Laser
- 5.2.5. Green Laser
- 5.2.6. Infrared Laser
- 5.2.7. Others (Compact Disc Lasers)
- 5.3. By Application (USD)
- 5.3.1. Medical & Aesthetic
- 5.3.2. Instruments & Sensors
- 5.3.3. Aerospace, Defense, and Military
- 5.3.4. Materials Processing
- 5.3.5. Communications & Optical Storage
- 5.3.6. Entertainment, Displays, & Printing
- 5.3.7. Others (Printing, Lithography)
- 5.4. Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Fiber Optic Lasers (FOL)
- 6.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 6.2.3. Blue Laser
- 6.2.4. Red Laser
- 6.2.5. Green Laser
- 6.2.6. Infrared Laser
- 6.2.7. Others (Compact Disc Lasers)
- 6.3. By Application (USD)
- 6.3.1. Medical & Aesthetic
- 6.3.2. Instruments & Sensors
- 6.3.3. Aerospace, Defense, and Military
- 6.3.4. Materials Processing
- 6.3.5. Communications & Optical Storage
- 6.3.6. Entertainment, Displays, & Printing
- 6.3.7. Others (Printing, Lithography)
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Application
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.3. Mexico
- 6.4.3.1. By Application
- 7. Europe Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Fiber Optic Lasers (FOL)
- 7.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 7.2.3. Blue Laser
- 7.2.4. Red Laser
- 7.2.5. Green Laser
- 7.2.6. Infrared Laser
- 7.2.7. Others (Compact Disc Lasers)
- 7.3. By Application (USD)
- 7.3.1. Medical & Aesthetic
- 7.3.2. Instruments & Sensors
- 7.3.3. Aerospace, Defense, and Military
- 7.3.4. Materials Processing
- 7.3.5. Communications & Optical Storage
- 7.3.6. Entertainment, Displays, & Printing
- 7.3.7. Others (Printing, Lithography)
- 7.4. By Country (USD)
- 7.4.1. Germany
- 7.4.1.1. By Application
- 7.4.2. United Kingdom
- 7.4.2.1. By Application
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.4. Italy
- 7.4.4.1. By Application
- 7.4.5. Spain
- 7.4.5.1. By Application
- 7.4.6. Rest of Europe
- 8. Asia Pacific Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Fiber Optic Lasers (FOL)
- 8.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 8.2.3. Blue Laser
- 8.2.4. Red Laser
- 8.2.5. Green Laser
- 8.2.6. Infrared Laser
- 8.2.7. Others (Compact Disc Lasers)
- 8.3. By Application (USD)
- 8.3.1. Medical & Aesthetic
- 8.3.2. Instruments & Sensors
- 8.3.3. Aerospace, Defense, and Military
- 8.3.4. Materials Processing
- 8.3.5. Communications & Optical Storage
- 8.3.6. Entertainment, Displays, & Printing
- 8.3.7. Others (Printing, Lithography)
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.2. India
- 8.4.2.1. By Application
- 8.4.3. Japan
- 8.4.3.1. By Application
- 8.4.4. Southeast Asia
- 8.4.4.1. By Application
- 8.4.5. Rest of Asia Pacific
- 9. Middle East & Africa Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Fiber Optic Lasers (FOL)
- 9.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 9.2.3. Blue Laser
- 9.2.4. Red Laser
- 9.2.5. Green Laser
- 9.2.6. Infrared Laser
- 9.2.7. Others (Compact Disc Lasers)
- 9.3. By Application (USD)
- 9.3.1. Medical & Aesthetic
- 9.3.2. Instruments & Sensors
- 9.3.3. Aerospace, Defense, and Military
- 9.3.4. Materials Processing
- 9.3.5. Communications & Optical Storage
- 9.3.6. Entertainment, Displays, & Printing
- 9.3.7. Others (Printing, Lithography)
- 9.4. By Country (USD)
- 9.4.1. GCC
- 9.4.1.1. By Application
- 9.4.2. South Africa
- 9.4.2.1. By Application
- 9.4.3. Rest of MEA
- 10. South America Semiconductor Laser Market Size Estimates and Forecasts, By Segments, 2018-2029
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Fiber Optic Lasers (FOL)
- 10.2.2. Vertical Cavity Surface Emitting Lasers (VCSEL)
- 10.2.3. Blue Laser
- 10.2.4. Red Laser
- 10.2.5. Green Laser
- 10.2.6. Infrared Laser
- 10.2.7. Others (Compact Disc Lasers)
- 10.3. By Application (USD)
- 10.3.1. Medical & Aesthetic
- 10.3.2. Instruments & Sensors
- 10.3.3. Aerospace, Defense, and Military
- 10.3.4. Materials Processing
- 10.3.5. Communications & Optical Storage
- 10.3.6. Entertainment, Displays, & Printing
- 10.3.7. Others (Printing, Lithography)
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Application
- 10.4.2. Argentina
- 10.4.2.1. By Application
- 10.4.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. OSRAM Licht AG
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. ASML Holding NV
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Coherent Inc.
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Mitsubishi Electric
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Huaguang Photoelectric
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Hans Laser Technology Industry Group Co. Ltd.
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. IPG Photonics Corporation Overview
- 11.7.1. Offerings/Business Segments
- 11.7.2. Employee Size
- 11.7.3. Key Financials
- 11.7.4. Recent Developments
- 11.8. Panasonic Corporation
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. ROHM Co. Ltd.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Sharp Corp.
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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