Global Blue Laser Diode Market 2024-2028
The blue laser diode market is forecasted to grow by USD 334.9 mn during 2023-2028, accelerating at a CAGR of 15.2% during the forecast period. The report on the blue laser diode market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in laser projectors, growing demand for blue laser diodes in material processing, and use of blue laser diodes in automotive industry.
Technavio's blue laser diode market is segmented as below:
By Type
By Application
- Bio/medical
- Laser projectors and scanner
- Blu-ray devices
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing popularity of high-power blue laser diodes as one of the prime reasons driving the blue laser diode market growth during the next few years. Also, introduction of blue laser diodes in additive manufacturing and use of blue laser diodes for free-space communication will lead to sizable demand in the market.
The report on the blue laser diode market covers the following areas:
- Blue laser diode market sizing
- Blue laser diode market forecast
- Blue laser diode market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blue laser diode market vendors that include ams OSRAM AG, Coherent Inc., Egismos Technology Corp., Exaktera LLC, Frankfurt Laser Co., IADIY Photonics, Laser Components GmbH, Laserex Technologies Pty Ltd., Laserline GmbH, Nichia Corp., NUBURU Inc., Omicron-Laserage Laserprodukte GmbH, Panasonic Holdings Corp., Renesas Electronics Corp., RPMC Lasers Inc., Sharp Corp., Tomorrows System Sp zoo, TOPTICA Photonics AG, Ushio Inc., and Vortran Laser Technology Inc.. Also, the blue laser diode market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.