Semiconductor Lasers Market Forecasts to 2028 – Global Analysis By Type (Fiber Optic Lasers (FOL), High Power Diode Lasers (HPDL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), Red Lasers, Green Lasers, Violet Lasers and Blue

Semiconductor Lasers Market Forecasts to 2028 – Global Analysis By Type (Fiber Optic Lasers (FOL), High Power Diode Lasers (HPDL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), Red Lasers, Green Lasers, Violet Lasers and Blue Lasers), End User (Optical Storage Devices Lithography, Healthcare, Defense & R&D, Printing, Display, Industrial, Sensors and Communication), and By Geography

According to Stratistics MRC, the Global Semiconductor Lasers Market is accounted for $8.8 billion in 2022 and is expected to reach $14.6 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Semiconductor lasers are solid-state lasers based on semiconductor gain media, where optical amplification is usually achieved by stimulated emission at an inter band transition under conditions of a high carrier density in the conduction band. Due to their ability to produce affordable, small lasers, semiconductor lasers and laser diodes are essential in our daily lives. They are composed of intricately designed complex multi-layer structures that require precision on the Nano-scale. Semiconductor lasers are more advanced and efficient over the conventional lasers. It is replacing conventional lasers in range of applications, semiconductor lasers are small in size, requires less power, and is more efficient in terms of performance than conventional lasers, which makes them optimum choice in manufacturing of laser based systems

According to the laser-focus world, the market for laser materials-processing systems grew by an incredible 50% from 2016 to 2018. In 2019, one of the key trends is the rise of VCSEL technology for applications like facial recognition in smart phones. VCSELs are a type of laser diode that offers superior beam properties, thermal stability, and device scalability compared to products like Fabry Perot laser diodes.

Market Dynamics:

Driver:

Increasing Demand in consumer devices

Considering semiconductor lasers are utilized in various manufacturing operations, the demand for consumer electronics is growing faster than average. The global semiconductor laser market will expand as a result of an expansion in the production of these cars, which will also raise demand for semiconductor lasers. Surgical operations in specialties like dermatology, ophthalmology, dentistry, gynaecology, cardiovascular research, and urology are increasingly using semiconductor diode lasers. Diode-based laser technology is used to provide painless, minimally invasive surgeries with little to no swelling, scarring, or recovery time. The demand for semiconductor laser market will develop over the forecast period as a result of the expansion of equipment for these operations in the healthcare sector which are providing enhanced growth in the market.

Restraint:

Uncertain lifespan of semiconductor laser

Apart from sudden failure, it has been discovered that laser diodes deteriorate with time t he characteristics of the light being emitted are varied by forward current, which does not involve light creation and makes laser diodes consume more current to create the same amount of light. Over time, the operating temperature of laser diodes rises, which greatly accelerates their deterioration. As a result, the limited lifespan of semiconductor lasers restricts their use and presents a significant hurdle for their producers. The growth of the worldwide semiconductor laser market is being restricted by a surge in the popularity of laser diodes in material processing applications, particularly due to their small design and their capacity to provide high power hampering the market growth.

Opportunity:

Increasing usage of semiconductor lasers in defense

This market is anticipated to be driven by an increase in the use of semiconductor lasers in defence due to their compact size, light weight, extended lifespan, and high efficiency. Additionally, semiconductor lasers are affordable, straightforward in design, and extremely efficient. Additionally, the market demand is being fuelled by the growing need for semiconductor lasers in the medical industry. The market's growth is, however, hampered by delicate design, and limited packing tolerance mistake, and low reliability & testing.

Threat:

Temperature affects the laser output

The laser's output is affected by temperature. A semiconductor laser's efficiency can be restricted by an increase in junction temperature, which can also have negative impacts on the laser's operational characteristics. A semiconductor laser's threshold current, diode dependability, power level, and light output are all variables that can be influenced by temperature. Moreover, low power output is another drawback of semiconductor lasers, despite their durability and brilliance. The semiconductor laser has less control over its divergence than other lasers, which is also seen as an operational weakness because other lasers can better regulate their light beams thereby hindering the market growth.

Covid-19 Impact

The COVID-19 pandemic has changed the growth projections of the semiconductor lasers market to a considerable extent. The growth rate has decreased as a result of the shutdown of production units and manufacturing plants. The market players in semiconductor lasers will have a great opportunity as a result of the easing of lockdown regulations. The growth of the semiconductor laser market is mostly being driven by the increase in consumer device demand, yet there are some factors that could restrain market expansion.

The fiber optic lasers (FOL) segment is expected to be the largest during the forecast period

The fiber optic lasers (FOL) segment is estimated to have a lucrative growth, due to their rising popularity among manufacturers owing to their high productivity and return of investment especially in fine and micro material processing applications. The economy has evolved in material processing applications is expected to be fuelled by increasing demand for mobile and smart electronic devices as well as increasing demand for the miniaturisation of electronic components and wafers. Since they provide extremely fine marking and are adaptable to a wide range of material surfaces and end user industries, they are employed in marking applications. Fiber laser marking is challenging to copy, non-contracting, and provides band protection. These elements will have a favourable impact on market expansion thus propelling the market growth.

The optical storage devices lithography segment is expected to have the highest CAGR during the forecast period

The optical storage devices lithography segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the use of extremely high-performance lenses, highly intricate circuit patterns created on a photo mask formed of a sizable glass plate are reduced and transmitted onto a silicon substrate known as a wafer in a semiconductor lithography system. The optical storage devices has the benefit of being a cheap storage medium to produce, though prices might vary depending on the type of discs used and how they are used. Aluminum foil and plastic make up the majority of the components of discs that hold pre recorded content, like audio CDs and Blu-ray movies. These kinds of discs are simple to mass produce thanks to a die and stamp method that inserts the tiny pits into the reflective foil medium during an assembly line operation thereby driving the market growth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the area's extensive industrialisation and commercialization. The semiconductor laser market in the Asia-Pacific region is predicted to grow rapidly due to the exponential growth of the communication sector in nations like Japan, China, South Korea, and India. Additionally, nations like China, Taiwan, Korea, and Japan are the home of smartphone producers like Apple, One plus, Vivo, and Samsung, which forces semiconductor makers in these areas to build semiconductor lasers to meet these producers’ needs. Moreover, government programmes and investments in the Asia-Pacific region are encouraging the expansion of several industries boosting the market growth in this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to index the peak growth, owing to the significant demand from industrial machinery, display manufacturing, sensors manufacturing, and the healthcare industry. The flourishing electronics industry in this region, coupled with the increased production of consumer devices, is accelerating the demand for semiconductor lasers as they are being used for several manufacturing processes which are accelerating the growth of the market in this region.

Key players in the market

Some of the key players profiled in the Semiconductor Lasers Market include Coherent Inc, Han's Laser Technology Ind Group Co. Ltd, Jenoptik AG, Rohm Company Limited, Newport Corporation, IPG Photonics Corporation, Nichia Corporation, Trumpf GmbH + Co. KG, Panasonic Semiconductor Solutions Co. Ltd, Finisar Corporation, Sumitomo Electric Industries Ltd, Hamamatsu Photonics KK, ASML Holdings N.V, Sharp Corporation, Axcel Photonics Inc and Rofin-Sinar Technologies Inc.

Key Developments:

In Jan 2023, Coherent Introduces 905 Nm Pulsed Triple-Junction Edge-Emitting Lasers For Industrial Lidar. Coherent Corp. a leader in semiconductor lasers, announced the introduction of its 905 nm triple-junction edge-emitting semiconductor lasers for light detection and ranging (LiDAR) in industrial applications.

In Jan 2023, coherent introduces diffractive optical elements for high-power industrial lasers. The DOEs are available with precision optical coatings that ensure high reliability in kilowatt-class industrial lasers for a wide range of applications, including for welding, cutting, and additive manufacturing.

In Oct 2022, Han's Laser launched 30W ultraviolet picosecond laser that verified and approved for mass production and listing on the market, the quality of the picosecond lasers has been verified in batches and has been fully recognized by major customers in the industry.

Types Covered:
• Fiber Optic Lasers (FOL)
• High Power Diode Lasers (HPDL)
• Vertical Cavity Surface Emitting Lasers (VCSEL)
• Compact Disc Lasers (CDL)
• Red Lasers
• Green Lasers
• Violet Lasers
• Blue Lasers

End Users Covered:
• Optical Storage Devices Lithography
• Healthcare
• Defense
• Printing
• Display
• Industrial
• Sensors
• Communication

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements