Laser Diode Market Research Report Information 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 Aluminum Arsenide, Gallium Arsenide, Gallium Indium Arsenic Antimony & Other), By Technology (Double Hetero Structure Laser Diodes, Quantum Well Laser Diodes, Quantum Cascade Laser Diodes, & Other), By Application (Telecommunication, Consumer Electronics, Automotive) and Region- Industry Forecast 2032

Global Laser Diode Market Overview

Laser Diode Market Size was valued at USD 5.7 Billion in 2022. The Laser Diode market Technology is projected to grow from USD 6.5 Billion in 2023 to USD 17.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.50% during the forecast period (2023 - 2032). High-power laser diodes are becoming more widely used in autonomous car technology, and demand for them in industrial applications is increasing, are the key market drivers enhancing the market growth.

Wavelength: Secondary Research, Primary Research, MRFR Database and Analyst Review

Laser Diode Market Trends

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  Surge in demand for high-power laser diodes for industrial applications is driving the market growth

  
  

Multimode laser diodes, which have a larger emitter and can produce more power than single-mode laser diodes, are high-power laser diodes. The output power changes according on the desired wavelength. There are laser diodes with wavelengths ranging from the UV (370 nm) to the mid-IR (>2 um). High-power laser diodes can provide output powers of hundreds of milliwatts at some wavelengths and several watts at others. Industrial high-brightness systems are utilised for welding applications thanks to the availability of high-power diode laser systems in the kilowatt range, whereas low-brightness laser diodes are employed in high-power applications like cladding, additive manufacturing, brazing, and hardening.

The worldwide laser diode market is anticipated to increase during the forecast period due to the expanding use of laser diodes in numerous end-use industries. There are several uses for laser diodes, including communication, automation of manufacturing processes, material processing, data storage, the medical field, displays, and sensing. High-speed laser diodes are used in the fibre optical communication business to transport data via telephone and Internet networks. Distributed feedback laser diodes power the bulk of optical fibre networks. Globally, there is a greater development of optical fibre networks due to the rising demand for high-speed Internet services like 3G and long Term Evaluation (LTE), as well as cloud services. Analysis by Coherent Market Insights predicts that from 1.7 billion users in 2010 to 5 billion users worldwide in 2020. When compared to other light sources, laser diodes have a number of benefits including high conversion efficiency, temperature sensitivity, and affordability. This has greatly boosted the demand for and applications for laser diodes.

Over the projected period, the expansion of the worldwide laser diode market is anticipated to be driven by regulatory compliances requiring the usage of laser technology. In the industrial sector, laser is primarily utilized for marking and engraving purposes. Brand names, prices, manufacturing dates, serial numbers, product codes, and other information are marked on a variety of goods and materials using marking. Inkjet printing, ink stamping, punching, and laser marking are common marking methods. Compared to other traditional marking processes, laser marking systems provide many benefits, such as an environmentally friendly procedure and high-quality marks. Additionally, laser marking doesn't require a solvent to mark, which reduces the finishing step in manufacturing and makes recycling it simpler. Due to this, laser marking is preferred to traditional marking methods. In addition, a number of nations, including the U.S., are putting strong regulatory standards for unambiguous labeling into place to lower the number of cases of food poisoning brought on by consuming expired food items. Thus, driving the Laser Diode market revenue.

Laser Diode Market Segment Insights

Laser Diode Wavelength Insights

The Laser Diode Market segmentation, based on wavelength, includes infrared laser diodes, red laser diodes, blue laser diodes, blue violet laser diodes, green laser diodes, and ultraviolet laser diodes. Red laser diodes segment dominated the global market in 2022. Red laser diodes are employed in a wide range of applications, including laser pointers for optical data recording or retrieval (for example, on DVDs), laser projection screens, interferometers, the military, business, pumping some solid-state lasers, and medical therapies (for example, photodynamic therapy).

Laser Diode Doping  Material Insights

The Laser Diode Market segmentation, based on doping material, includes 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. Gallium aluminum arsenide (GaAIAs) segment dominated the global market in 2022. Gallium arsenide (GaAs) heterostructure lasers can be easily created by combining gallium aluminium arsenide (GaAlAs) based laser diodes with other optical components.

Laser Diode Technology Insights

The Laser Diode Market segmentation, based on technology, 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. The quantum cascade laser diodes segment dominated the Laser Diode Market in 2022. A type of heterojunction laser diode called a quantum cascade laser diode generates laser light by utilising the difference in well energy levels.

Laser Diode Application Insights

The Laser Diode Market segmentation, based on Application, includes telecommunication, industrial, medical & healthcare, consumer electronics, automotive, and others. The medical & healthcare segment dominated the Laser Diode Market in 2022. Surgery, dermatology, gynaecology, cardiology, otology, ophthalmology, angioplasty, photodynamic treatment (PDT), diagnostic image processing, and other medical procedures all make use of laser diodes.

Figure 1: Laser Diode Market, by Application, 2022 & 2032 (USD Billion)

Wavelength: Secondary Research, Primary Research, MRFR Database and Analyst Review

Laser Diode Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Laser Diode market dominated this market in 2022 (45.80%). The region's demand for laser diodes has risen as a result of a growth in R&D activity, particularly in the military and defense sectors. Moreover, China’s Laser Diode market held the largest market share, and the Indian Laser Diode market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: LASER DIODE MARKET SHARE BY REGION 2022 (USD Billion)

Wavelength: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Laser Diode Market is expected to register significant growth from 2023 to 2032. This is because there are more and more technological advancements being made in the realm of laser technology for a variety of applications, including the medical, telecommunication, military & defence, and automotive industries. Further, the U.S. Laser Diode market held the largest market share, and the Canada Laser Diode market was the fastest growing market in the North America region.

Europe Laser Diode market accounted for the healthy market share in 2022. One of the key market factors for the regional expansion is the expanding use of laser diodes in the healthcare industry. Further, the German Laser Diode market held the largest market share, and the U.K Laser Diode market was the fastest growing market in the European region

Laser Diode Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Laser Diode market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Laser Diode Technology must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Laser Diode Technology to benefit clients and increase the market sector. In recent years, the Laser Diode Technology has offered some of the most significant advantages to medicine. Major players in the Laser Diode market, including 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., are attempting to increase market demand by investing in research and development operations.

Lighting product suppliers and manufacturers include Ushio Inc. Laser diodes, LED chips, UV lamps, visible lights, projector lamps, red, green, blue, and multicolor laser devices, halogen lamps, and warning lights are among the company's product offerings. A new red laser diode operating at 660 nm was introduced in January 2020 by USHIO. Its output power is 200 mW continuous and 400 mW pulsed.

OSRAM Licht AG (OSRAM), an affiliate of ams AG, sells lighting and opto semiconductors. The business provides lighting solutions, luminaires, light-emitting diodes, lamps, and light management systems. OSRAM Opto Semiconductor GmbH added a 65-Watt laser to its LiDAR photonics lineup in February 2020.

Key Companies in the Laser Diode market include

• 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


• Ushio, Inc.

Laser Diode Technology Developments

March 2020 IPG Photonics Corporation announced that it is adding support for single fibre and bi-directional transmission to their array of coherent modules.

Laser Diode Market Segmentation

Laser Diode Wavelength Outlook

• Infrared Laser Diodes


• Red Laser Diodes


• Blue Laser Diodes


• Blue Violet Laser Diodes


• Green Laser Diodes


• Ultraviolet Laser Diodes

Laser Diode Doping Material Outlook

• Gallium Aluminum Arsenide (GaAIAs)


• Gallium Arsenide (GaAs)


• Gallium Indium Arsenic Antimony (GaInAsSb)


• Aluminum Gallium Indium Phosphide (AIGaInP)


• Indium Gallium Nitride (InGaN)


• Gallium Nitride (GaN)


• Others

Laser Diode Technology Outlook

• 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


• Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes

Laser Diode Application Outlook

• Telecommunication


• Industrial


• Medical & Healthcare


• Consumer Electronics


• Automotive


• Others

Laser Diode Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America