Laser Diode Market Share, Size, Trends, Industry Analysis Report, By Wavelength; By Doping Material; By Technology; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 - 2030

Laser Diode Market Share, Size, Trends, Industry Analysis Report, By Wavelength; By Doping Material; By Technology; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 - 2030

The global laser diode market size is expected to reach USD 15.6 billion by 2030, according to a new study by Polaris Market Research. The report “Laser Diode Market Share, Size, Trends, Industry Analysis Report, By Wavelength; By Doping Material; By Technology; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The growing demand for the laser diode across various applications is due to its ease of handling, high-efficiency light, reliability, and long durability. Furthermore, these laser diodes focus on small areas currently utilized in security systems, barcodes, and radar systems, increasing the sale of the product.

In addition, the increasing demand for the product across the aerospace & defense sector is due to its operation with minimal power usage, and deployment in naval ships, aircraft, and vehicle requires minimal cost. Furthermore, when integrated with the aerospace industry, laser diode improves power level, brightness, and reliability, which are helpful for target selection, and range findings during combat, which is expected to bolster the market growth.

The COVID-19 pandemic had a negative impact on the demand for the laser diode. Negligible operation across various manufacturing units resulted in delays in the production of components. Moreover, many industries were standstill, resulting in less consumer expenditure towards the electronics market, ultimately hampering the market growth.

Laser Diode Market Report Highlights

The growing demand for blue laser diode in various end-use industries is due to its power, wavelength, lifetime, and operating temperatures. The growing demand in industrial application for precision measurement by various detectors and printers are also driving the segment growth.

The quantum cascade is expected to grow rapidly over the forecast period. It allows laser diodes to generate larger wavelengths and change layer thickness during fabrication which has a huge application in spectroscopy, communication, and the defense sector.

The automotive industry is expected to spearhead revenue growth as growing consumer expenditure on electric vehicles, declination in laser diode prices, and technological advancement to detect and measure the advanced vehicle’s acceleration, speed, and GPS data.

Asia Pacific is expected to grow over the forecast period because of rapid digitization, increasing adoption of smartphones, wearables, and rising expenditure on electric vehicles.

Major players operating in the industry include AMS-OSRAM AG, ASML Holding NV, Axcel Photonics, Inc., Bluglass Limited, Coherent Inc., Frankfurt Laser Company, Hamamatsu Photonics K.K, II-VI Incorporated, Infineon Technologies AG, IPG Photonics Corp., Jenoptik AG, Kyocera Corp, Lumentum Holding Inc., MKS Instruments, Inc.

Polaris Market Research has segmented the laser diode market report based on wavelength, doping material, technology, application, and region:

Laser Diode, Wavelength Outlook (Revenue – USD Billion, 2018 – 2030)

Infrared Laser Diodes

Red Laser Diodes

Blue Laser Diodes

Blue Violet Laser Diodes

Green Laser Diodes

Ultraviolet Laser Diodes

Laser Diode, Doping Material Outlook (Revenue – USD Billion, 2018 – 2030)

Gallium Aluminum Arsenide (GaAIAs)

Gallium Arsenide (GaAs)

Gallium Indium Arsenic Antimony (GaInAsSb)

Aluminum Gallium Indium Phosphide (AIGaInP)

Indium Gallium Nitride (InGaN)

Gallium Nitride (GaN)

Others

Laser Diode, Technology Outlook (Revenue – USD Billion, 2018 – 2030)

Double Hetero Structure Laser Diodes

Quantum Well Laser Diodes

Quantum Cascade Laser Diodes

Distributed Feedback Laser Diodes

Sch Laser Diodes

Vertical Cavity Surface Emitting Laser (VCSEL) Diodes

Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes

Laser Diode, Application Outlook (Revenue – USD Billion, 2018 – 2030)

Telecommunication

Industrial

Medical & Healthcare

Consumer Electronics

Automotive

Others

Laser Diode, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa