The global laser diode market has been bifurcated on the basis of wavelength into red laser diode, blue-violet laser diode, blue laser diode, infrared laser diode, and others (ultraviolet and green) laser diodes. The visible range for human eye is 400 nm – 700 nm, while the highest possible wavelength seen by the human eye is 555 nm. Green laser diode being the nearest to the peak of the eye’s sensitivity is a standout when compared to the other laser diodes such as blue, violet, and red.
The global laser diode market is segmented based on doping material into AlGaInP, GaN, GaAlAs, InGaN, and other doping materials (such as GaInAsSb and GaAs). The global laser diode market is further segmented on the basis of wavelength into blue-violet laser diode, blue laser diode, infrared laser diode, red laser diode, and others (such as ultraviolet (UV) laser diode and green laser diode). Lastly, the global laser diode market is classified on the basis of applications into automotive, consumer electronics, healthcare, military & defense, and other applications (such as instrumentation & sensors, industrial, etc.).
The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications. It is anticipated that the fiber laser technology would evolve during the forecast period and 100 Gb/s would become the norm with the focus shifting to the metro/regional landscapes. Furthermore, North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.
Brazil led the South America (SAM) laser diode market in 2015 and is likely to continue its dominance by expanding at a CAGR of 12.2% during the forecast period from 2015 to 2025. Brazil boasts of the largest manufacturing sector in SAM, which accounts for nearly one-third of SAM’s GDP. Brazil has an array of industries ranging from automobile, steel, and petrochemicals to computers, aircrafts, and consumer durables that deploy laser diodes in their applications.
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The factors driving the global laser diode market comprise of the growing awareness about laser and its uses, remarkable research in the vertical-cavity surface-emitting laser (VCSEL) market, and growing fiber laser market. Significant increase in the use of laser diodes in several end-use markets due to a number of valuable features provided by this technology compared to traditional technology is a chief factor driving the global laser diode market.
Moreover, the quick growth in electronic manufacturing and automotive industries around the world is boosting the global laser diode market. However, the major restraints for the growth of the market are lack of research & development funding for the military segment and the high initial investment required in the manufacturing of laser diodes. Projection applications for green laser diode devices are expected to create several opportunities for growth in the market during the forecast period.
The report profiles key players such as: Coherent, Inc., Newport Corporation, Panasonic Semiconductor Solutions Co. Ltd., IPG Photonics Corp., Sharp Corporation, ASML Holding NV, Trumpf GmbH + Co. KG, Sumitomo Electric Industries, Ltd., Rofin-Sinar Technologies Inc. and Axcel Photonics, Inc.
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Table of Contents:
1 Table of Contents
3 Key Takeaways
4 Laser Diode Market Landscape
5 Laser Diode Market – Key Industry Dynamics
6 Laser Diode Market – Five Forces Analysis
7 Global Laser Diode Market Analysis
8 Global Laser Diode Market Revenue and Forecasts to 2025 – Doping Material
9 Global Laser Diode Market Revenue and Forecasts to 2025 – Wavelength
10 Global Laser Diode Market Revenue and Forecasts to 2025 – Application
11 Global Laser Diode Market Revenue and Forecasts to 2025 – Geographical Analysis
12 Global Laser Diode Market, Key Company Profiles
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