Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Laser Diode Market Size is Expected to Grow from USD 6.8 Billion in 2023 to USD 25.0 Billion by 2033, at a CAGR of 13.91% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Laser Diode Market Size, Share, and COVID-19 Impact Analysis, By Wavelength (Infrared Laser Diodes, Red Laser Diodes, Blue Laser Diodes, Blue Violet Laser Diodes, Green Laser Diodes, and Ultraviolet Laser Diodes), By Doping Material (Gallium Aluminium Arsenide, Gallium Arsenide, Gallium Indium Arsenic Antimony, Aluminium Gallium Indium Phosphide, Indium Gallium Nitride, and Others), By Application (Telecommunication, Industrial, Medical & Healthcare, Consumer Electronics, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The laser diode is a forward-biased semiconductor diode that emits coherent light when electrons and holes are stimulated by an electrical current into the p-n junction. This device is similar to a light-emitting diode in which a diode is pumped directly with electrical current, creating lasing conditions at the diode’s junction. Fiber-optic communications, medical equipment such as laser surgery equipment, and a variety of industrial uses such as material processing, welding, and cutting all depend on laser diodes. Advances in laser technology, such as increased power output and improved energy efficiency, as well as the expanding application of laser diodes in cutting-edge fields like autonomous cars, 3D sensing, and LiDAR systems, are major trends influencing the market. The growing need for high-speed data transfer, increasing demand for consumer electronics, and laser-based medical devices are driving the laser diode market growth. On the contrary, the increased initial investment for laser diodes as compared to other light-emitting diodes is challenging the market growth.
The red laser diodes segment dominated the market with the largest revenue share in 2023.
Based on the wavelength, the global laser diode market is divided into infrared laser diodes, red laser diodes, blue laser diodes, blue violet laser diodes, green laser diodes, and ultraviolet laser diodes. Among these, the red laser diodes segment dominated the market with the largest revenue share in 2023. The widespread use of red laser diodes in applications including laser pointers for optical data recording or retrieval, laser projection displays, interferometers, military, industry, pumping of certain solid-state lasers, and medical therapies are driving the market.
The gallium aluminium arsenide segment dominated the market with the largest share in 2023.
Based on the doping material, the global laser diode market is divided into gallium aluminium arsenide, gallium arsenide, gallium indium arsenic antimony, aluminium gallium indium phosphide, indium gallium nitride, and others. Among these, the gallium aluminium arsenide segment dominated the market with the largest share in 2023. The material produces light in the near-infrared portion of the electromagnetic spectrum. GaAlAs-based laser diodes are incredibly tiny and can successfully lower laser diode weight and size to accommodate a variety of applications in real life.
The medical & healthcare segment dominated the global laser diode market in 2023.
Based on the application, the global laser diode market is divided into telecommunication, industrial, medical & healthcare, consumer electronics, automotive, and others. Among these, the medical & healthcare segment dominated the global laser diode market in 2023. Laser diodes are used in a variety of medical operations, including surgery, dermatology, gynecology, cardiology, otology, ophthalmology, angioplasty, photodynamic therapy (PDT), and diagnostic image processing.
Asia Pacific is projected to hold the largest share of the global laser diode market over the forecast period.
Asia Pacific is projected to hold the largest share of the global laser diode market over the forecast period. The surging demand for material processing in various industries and the demand for laser diode in laser cutting, welding, and surface treatment are driving the market growth. Further, the significantly expanding automotive industry in the region driving the market demand for laser diode in the automotive manufacturing processes such as precision cutting of components and welding of body parts.
North America is predicted to grow at the fastest CAGR in the laser diode market over the forecast period. The region’s robust information technology and telecommunications sectors along with the growing technological advancements are significantly contributing to driving the laser diode market. Further, the region's laser diode market is expanding as a result of the growing need for reliable and efficient laser diodes in the high-speed internet and advanced communication technologies sectors.
Competitive Analysis
Major key players in the laser diode market include II-VI Incorporated, Lumentum Holding Inc., Ams-OSRAM AG, ROHM Co., Ltd., Hamamatsu Photonics K.K., MKS Instruments, IPG Photonics Inc., Jenoptik AG, Sharp Corp., Ushio, Inc., and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global laser diode market based on the below-mentioned segments:
Global Laser Diode Market, By Wavelength
Global Laser Diode Market, By Doping Material
Global Laser Diode Market, By Application
Global Laser Diode Market, Regional Analysis
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