Global Laser Diode Market Size, Trends & Growth Opportunity and By Doping Material (InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, and Others), By Technology (Double Hetero structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes,

Global Laser Diode Market Size, Trends & Growth Opportunity and By Doping Material (InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, and Others), By Technology (Double Hetero structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, and VECSEL Diodes), By Application (Industrial, Consumer Electronics, Healthcare, Automotive, Defense, and Others), By Region and Forecast till 2027.

Global Laser Diode Market

The Global Laser Diode Market is expected to grow from US$ 11.9 Billion in 2021 to US$ 18.6 Billion by 2027; it is estimated to grow at a CAGR of 7.73% from 2021 to 2027.

A semiconductor device that produces coherent radiation in the visible or infrared (IR) spectrum when current flows through it is referred to as a laser diode, also known as a diode laser. It is comparable to a light-emitting diode in that a laser beam is produced at the junction of the diode. Since the light has only one frequency, it may be narrowly focused with the aid of a straightforward lens system. Laser diodes are very efficient and perfect for portable electronic devices because of their compact size, light weight, and low power requirements. As a result, they are found in many different technologies, including security systems, laser printers, driverless vehicles, and barcode readers.

Drivers: In many different industry sectors, particularly in the manufacturing and automotive sectors, laser diodes are used. The manufacturing of car headlamps in the automotive sector uses laser diodes, which improve driver visibility and boost safety on the road. The shrinking of car lighting is another development that is boosting demand for laser diodes. Sales of laser diodes are anticipated to soar in this industry over the next few years as a result of the rising demand for luxury vehicles, which is being driven by rising income levels and bettering living conditions.

Restraints: The entire laser diode market is significantly constrained by the higher initial investment needed for laser diodes compared to other light emitting diodes. The amount of laser power needed for various systems, processes, and applications ranges from a few hundred to thousands of watts. Although using laser products in the automotive and manufacturing sectors would lower labour costs, installing laser items is quite expensive. Installing large-enabled goods typically costs 30–40% more than doing so the old-fashioned way. The assembly line needs to be completely redesigned in order to adopt the newest technologies in sectors like the automotive. This requires a substantial financial investment.

Impact of Covid-19

Following the COVID-19 outbreak, laser diode producers and suppliers are concentrating on quickly expanding end-use industries like IT & communications and automobiles. Market expansion is anticipated to be fueled by the need for use in a number of industrial applications, including heat treatment, welding, precision metal cutting, and cladding. Manufacturers can take advantage of additional potential in laser items to diversify their sources of income.

Segmentation By Doping Material: Laser Diode Market is classified on the basis of Doping Material into InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, and Others.

Segmentation By Technology: Laser Diode Market is classified on the basis of Technology into Double Hetero structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, and VECSEL Diodes.

Segmentation By Application: Laser Diode Market is classified on the basis of Application into Industrial, Consumer Electronics, Healthcare, Automotive, Defense, and Others.

Segmentation By Region: Laser Diode Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape: The key players of Laser Diode Market are ASML Holding NV, Trumpf GmbH + Co. KG, Axcel Photonics, Inc., Sumitomo Electric Industries, Ltd., Coherent Inc., Sharp Corporation, Rofin-Sinar Technologies Inc., IPG Photonics Corp., and Newport Corp.

Industrial Development

A deal between SLD Laser, a provider of visible laser light sources for automotive, li-fi communication, sensing, mobility, medical, specialty lighting, and consumer applications, and Kyocera, a Japanese electronic manufacturer, was announced in November 2020. After receiving regulatory approval, SLD Laser intends to start doing business as a Kyocera Group Company.

Market Taxonomy

By Doping Material

InGaN

GaN

AIGaInP

GaAIAs

GaInAsSb

GaAs

Others

By Technology

Double Hetero structure Lasers Diodes

Quantum Well Lasers Diodes

Quantum Cascade Lasers Diodes

Distributed Feedback Lasers Diodes

SCH Lasers Diodes

VCSEL Diodes

VECSEL Diodes

By Application

Industrial

Consumer Electronics

Healthcare

Automotive

Defense

Others

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Laser Diode Market?

What will be the growth rate from 2020 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?