Laser Diode Market To Surpass USD 29.4 Billion By 2034, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Laser Diode Industry size is expected to register 14.4% CAGR between 2025 and 2034 propelled by rise in development of vertical cavity surface-emitting laser (VCSEL) technology.

Selbyville, Delaware , Feb. 03, 2025 (GLOBE NEWSWIRE) -- Laser Diode Market was valued at USD 7.7 billion in 2024 and is projected to be worth USD 29.4 billion by the end of 2034, as per a recent study by Global Market Insights Inc.

A laser diode is a semiconductor device that generates coherent light through stimulated emission, utilizing materials such as gallium arsenide (GaAs). These devices offer compact size, energy efficiency, and precise modulation capabilities, making them integral to a wide array of industries including telecommunications, healthcare, and consumer electronics.

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This market growth is primarily driven by the increasing demand for advanced data transmission technologies, innovations in medical lasers, and the expanding use of laser diodes in industrial automation. The shift towards miniaturized, energy-efficient electronics further propels advancements in laser diode technology. Substantial investments in research and development, coupled with rising demand across various sectors, ensure a steady expansion of the market in the coming years.

Based on mode of operation, the laser diode market is segmented into single-mode and multi-mode laser diodes. The multi-mode segment is expected to dominate, reaching USD 14.6 billion by 2034. These diodes are recognized for their ability to support multiple light propagation modes, enabling high-power output. Their growing adoption in industrial applications and medical equipment underscores their increasing relevance in both commercial and industrial sectors.

In terms of doping material, the market includes infrared gallium aluminum arsenide, gallium arsenide, aluminum gallium indium phosphide, indium gallium nitride, gallium nitride, and others. Gallium arsenide emerges as the leading segment, anticipated to grow at a CAGR of 16.2% during the forecast period. Its unique properties, such as efficient photon generation and high quantum efficiency, make it a preferred material for laser diodes. Gallium arsenide's ability to perform well at elevated temperatures enhances its application across various industries.

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In North America laser diode market, the United States dominates the regional market, accounting for over 80% of the share in 2024. The country's strong technological ecosystem, investments in innovation, and advancements in semiconductor technologies drive demand for laser diodes across multiple sectors. The focus on high-speed communication, advanced manufacturing processes, and cutting-edge applications ensures that the US remains a significant contributor to the global market.

Laser Diode Market Players

Major players in the industry include Alpes Lasers S.A., Ams-OSRAM AG, Arima Lasers Corp, BluGlass Limited, Coherent Corp., Frankfurt Laser Company, Hamamatsu Photonics K.K., and IPG Photonics Inc.

This laser diode market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Million Units) from 2021 to 2034, for the following segments:

Market, By Mode of Operation

• Single mode laser diode
• Multi mode laser diode

Market, By Wavelength

• Infrared laser diode
• Red laser diode
• Blue laser diode
• Green laser diode
• Uv laser diode
• Others

Market, By Doping Material

• Gallium aluminum arsende
• Gallium arsenide
• Aluminum gallium indium phosphide
• Indium gallium nitride
• Gallium nitride
• Others

Market, By Technology

• Distributed feedback laser diode
• Double heterostructure laser diode
• Quantum cascade laser diode
• Quantum well laser diode
• Vertical cavity surface emitting laser diode
• Others

Market, By Application

• Automotive
• Consumer electronics
• Healthcare
• Industrial
• Military & defense
• Telecommunication
• Others

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: ...

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