Laser Diode Market is predicted to reach USD 17.8 billion at a CAGR of ~13.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Laser Diode Market” that contains information from 2018 to 2032. The Laser Diode market is estimated to register a CAGR of 13.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Laser Diode  market— AMS-OSRAM AG, ASML Holding NV, Axcel Photonics, Inc., Bluglass Limited, Coherent Inc., Frankfurt Laser Company, Hamamatsu Photonics K.K, II-VI Incorporated, Infineon Technologies AG, IPG Photonics Corp., Jenoptik AG, Kyocera Corp, Lumentum Holding Inc., MKS Instruments, Inc., Newport Corporation, OSRAM Licht AG, PG Photonics Corporation, Power Technology, Inc., Rofin-Sinar Technologies Inc., ROHM Co. Ltd, Sharp Corporation, Sumitomo Electric Industries, Ltd, Thorlabs, Inc., Trumpf Gmbh + Co. KG, and Ushio, Inc.

Laser Diode Market Highlights

The global laser diode market is accounted to register a CAGR of 13.50% during the forecast period and is estimated to reach USD 17.8 Billion by 2032.

High-power laser diodes are multimode laser diodes, which have a bigger emitter and can generate more power than single-mode laser diodes. With respect to the intended wavelength, the output power varies. Laser diodes are available with wavelengths ranging from the mid-IR (>2 um) to the UV (370 nm). High-power laser diodes have output powers that range from several watts to hundreds of milliwatts at various wavelengths. Due to the availability of high-power diode laser systems in the kilowatt range, industrial high-brightness systems are used for welding applications, whereas low-brightness laser diodes are used in high-power applications like cladding, additive manufacturing, brazing, and hardening.

Segment Analysis

The global laser diode market has been segmented based wavelength, doping material, technology and application.

On the basis of wavelength, the market is segmented into infrared laser diodes, red laser diodes, blue laser diodes, blue violet laser diodes, green laser diodes, and ultraviolet laser diodes. In 2022, the red laser diodes segment dominated the world market. Red laser diodes are used in many different fields, such as laser pointers for optical data recording or retrieval (for instance, on DVDs), laser projection screens, interferometers, the military, business, pumping some solid-state lasers, and medical therapies (for instance, photodynamic therapy).

Based on doping material, the global laser diode market has been segmented into gallium aluminum arsenide (GaAIAs), gallium arsenide (GAAS), gallium indium arsenic antimony (GAINASSB), aluminum gallium indium, phosphide (AIGAINP), indium gallium nitride (INGAN), gallium nitride (GAN), and others. In 2022, the gallium aluminium arsenide (GaAIAs) category was the market leader. Gallium aluminium arsenide (GaAlAs) based laser diodes may be easily combined with other optical components to produce gallium arsenide (GaAs) heterostructure lasers.

Based on technology, the global laser diode market has been segmented into includes double hetero structure laser diodes, quantum well laser diodes, quantum cascade laser diodes, distributed feedback laser diodes, SCH laser diodes, vertical cavity surface emitting laser (VCSEL) diodes, and vertical external cavity surface emitting laser (VECSEL) diodes. In 2022, the quantum cascade laser diodes segment was the largest in the world. The difference in well energy levels is used by a form of heterojunction laser diode called a quantum cascade laser diode to produce laser light.

Based on application, the global laser diode market has been segmented into includes telecommunication, industrial, medical & healthcare, consumer electronics, automotive, and others. In 2022, the worldwide laser diode market was dominated by the medical & healthcare segment. Surgery, dermatology, gynaecology, cardiology, otology, ophthalmology, angioplasty, photodynamic treatment (PDT), diagnostic image processing, and other medical procedures all make use of laser diodes.

Regional Analysis

The global Laser Diode market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Laser Diode market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Laser Diode market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Laser Diode market comprises of Middle East, Africa, and Latin America.

The largest market share for Laser Diode was maintained by the North American regional sector. This is due to the fact that laser technology is advancing more and more on a technological level for numerous applications, including those in the medical, telecommunication, military & defence, and automotive industries.

Moreover, the Europe market has been persistently growing over the forecast period. The growing use of laser diodes in the healthcare sector is one of the major market drivers influencing the geographical expansion.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. driven by elements like rising laser diode adoption in consumer electronics (such smartphones and tablets), rising high-speed data transfer demand, rising auto manufacturing, and expanding medical and healthcare applications.

Furthermore, the rest of the world's Laser Diode market is divided into the Middle East, Africa, and Latin America. This expansion is brought on by a number of variables, including increased industrialization, rising consumer electronics demand, expanding healthcare applications, and developing automotive and manufacturing industries.

Key Findings of the Study

• The global Laser Diode market is expected to reach USD 17.8 Billion by 2032, at a CAGR of 13.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market driven by elements like rising laser diode adoption in consumer electronics (such smartphones and tablets), rising high-speed data transfer demand, rising auto manufacturing, and expanding medical and healthcare applications.


• Based on application, the telecommunication, industrial, medical & healthcare, consumer electronics, automotive, and others segment was attributed to holding the largest market in 2022.


• AMS-OSRAM AG, ASML Holding NV, Axcel Photonics, Inc., Bluglass Limited, Coherent Inc., Frankfurt Laser Company, Hamamatsu Photonics K.K, II-VI Incorporated, Infineon Technologies AG, IPG Photonics Corp., Jenoptik AG, Kyocera Corp, Lumentum Holding Inc., MKS Instruments, Inc., Newport Corporation, OSRAM Licht AG, PG Photonics Corporation, Power Technology, Inc., Rofin-Sinar Technologies Inc., ROHM Co. Ltd, Sharp Corporation, Sumitomo Electric Industries, Ltd, Thorlabs, Inc., Trumpf Gmbh + Co. KG, and Ushio, Inc.