Laser Diode Market Outlook to 2025 ASML Holding NV, Axcel Photonics, Coherent, IPG Photonics, Newport, Rofin, Sinar Technologies, Sharp Corporation, Sumitomo Electric Industries

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The laser diode market is classified by doping materials into GaN, AlGaInP, InGaN, GaAlAs and other doping materials (GaAs and GaInAsSb). This report is further classified on the basis of wavelength into red laser diode, blue laser diode, IR laser diode, blue-violet laser diode and others (green laser diode and UV laser diode). Lastly, the global market is segmented on the basis of applications into consumer electronics, automotive, military & defense, healthcare and other applications (industrial, instrumentation & sensors, etc.).

Some of the key factors driving the global laser diode market include growing awareness about laser diode and its uses, growing fiber laser market, and remarkable research in the VCSEL market. Significant rise in the use of laser diodes in various end-use markets due to a number of advantageous features provided by laser technology in-comparison to traditional methods is a major factor driving this market. Moreover, the rapid growth in automotive industries and electronic manufacturing across the world is bolstering the global laser diode market. However, the major hindrance to this market include lack of R & D funding for the military segment coupled-with high initial costs required to manufacture laser diodes. However, projection applications provided by green laser diode devices are analyzed to create several opportunities for growth in laser diode market during the near future.

Laser diodes are also used in surgeries due to their features which include a diverse range of operating wavelengths. Furthermore, laser diodes can also be modulated directly by using frequencies up to GHz range in high-speed communications. Thus, there is no delay in the input of operating surgeon and output of laser radiation. In addition, laser diodes are easily adjustable in terms of power output from 0% to 100%, thereby providing flexibility in the dosage of laser output. On the other hand, solid state lasers have restrictive adjustable power output ranging from 60% to 100%.

This feature makes laser diodes the perfect tool for medical and healthcare applications. Thus, the expansion of electronics and healthcare industries complements the growth of the laser diode market owing to the substantial utilization of laser diodes across various applications in these industries.

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Geographically, the global laser diode market is segmented into Europe, North America, Asia Pacific, South America and Middle East & Africa. Some of the key players operating in this global market include IPG Photonic Corp., Coherent, Inc., Newport Corp., ASML Holding NV, Axcel Photonics, Inc., Rofin-Sinar Technologies Inc., Sumitomo Electric Industries, Ltd., Sharp Corporation, Panasonic Semiconductor Solutions Co., Ltd. And Trumpf GmbH + Co. KG among others.

Companies Mentioned

- ASML Holding NV
- Axcel Photonics, Inc.
- Coherent Inc.
- IPG Photonics Corp.
- Newport Corp.
- Rofin-Sinar Technologies Inc.

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Laser Diode Market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Laser Diode Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals

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