Global Blue Laser Diodes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Blue Laser Diodes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Blue laser diode is a kind of semiconductor laser, which can produce concentrated photon beams with a wavelength of about 400 to 500 nanometers-the visible electromagnetic spectrum perceived by human eyes is blue or purple. Blue laser diodes are more difficult to manufacture than many other types of lasers, especially at higher power levels, but the short wavelength of blue light allows higher accuracy. Nowadays, blue laser diodes can be used in Bio/Medical, Laser Projectors and Scanner, Blu-Ray Devices and other applications.

Market Overview:

The latest research study on the global Blue Laser Diodes market finds that the global Blue Laser Diodes market reached a value of USD 258.0 million in 2022. It’s expected that the market will achieve USD 368.0 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.

Price fluctuation of raw materials

With the influence of COVID-19 epidemic in various industries and the strict blockade and restriction measures of governments around the world, the market of blue laser diodes has also been impacted to a certain extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain, including raw material suppliers of blue laser diodes. In 2020, the epidemic had a short-term impact on the market, and European giants such as ST Microelectronics and Infineon had Short-term reduced production. Affected by market supply and demand, raw material prices fluctuate. The cost of raw materials accounts for a large part of the production cost. Fluctuations in the prices of raw materials will directly affect the profits of enterprises.

Blue Laser Diodes industry technology continues to develop

The continuous progress of blue laser diode technology promotes the expansion of its downstream applications and the popularization of related technologies. Researchers at Kyushu University in Japan have recently realized blue laser diodes based on organic semiconductors, paving the way for further expansion of laser applications in biosensing, display, medical care and optical communication. An ultra-compact, high-power, high-brightness, fiber-coupled blue laser module introduced by SLD Laser can be used in material processing applications, such as copper welding process in battery production of electric vehicles and consumer electronic devices, and 3D printing. With the help of Panasonic Wavelength Beam Combining (WBC) and Direct Diode Laser (DDL), the company has successfully created a single high-intensity blue beam. TopGaN has created a blue laser diode with a wavelength of 461nm, thus achieving a new breakthrough in quantum sensing performance. With the continuous improvement of blue laser diode technology, the whole market will achieve further growth.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. In the blue laser market, Sony, NICHIA and other enterprises are engaged in fierce market share competition.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific(40.09% in 2022).

Company Overview:

Nichia is one of the major players operating in the Blue Laser Diodes market, holding a share of 36.2% in 2023.

Nichia

Nichia Corporation manufactures and distributes advanced materials. The Company produces optical semiconductor materials, fine chemicals, vacuum deposition materials, battery materials, magnetic materials, and other products. Nichia also produces diode lights, laser diodes, and other products.

Osram Opto Semiconductors

Osram Opto Semiconductors is one of the guiding lights both in technological development and in the manufacture of high-quality products. For nearly four decades, the high-tech company has been investing in research and developing new products on the technological cutting edge - enabling Osram Opto Semiconductors to set international standards in the fields of illumination, visualization and sensor technology.

Segmentation Overview:

Among different product types, Single-Mode Blue Laser Diode segment is anticipated to contribute the largest market share in 2028.

Single-mode Diode

Single mode laser diodes typically have an emitter that is typically 3µm - 7µm x ~1um, dependent on the wavelength. The emitter allows only a single mode to propagate along the active region. Single mode laser diodes offer lower power, but much higher brightness than multimode laser diodes.

Multi-mode Diode

Multimode Laser Diodes also known as Broad Area Diode Lasers, offer higher output power than single mode laser diodes. For applications where higher power is required, and beam quality is not as critical. Multimode laser diodes are spatially and longitudinally multimode.

Application Overview:

In the Blue Laser Diodes market, 46.92% of the total value was generated through the Laser Projectors and Scanner segment by application in 2022.

Key Companies in the global Blue Laser Diodes market covered in Chapter 3:

Osram Opto Semiconductors
Ondax
Egismos Technology Corporation
Sharp
Nichia
USHIO
TOPTICA Photonics
Renesas Electronics Corp
Sony

In Chapter 4 and Chapter 14.2, on the basis of types, the Blue Laser Diodes market from 2018 to 2029 is primarily split into:

Single-mode Diode
Multi-mode Diode

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Blue Laser Diodes market from 2018 to 2029 covers:

Bio/Medical
Laser Projectors and Scanner
Blu-Ray Devices
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)