Semiconductor Lasers Market, By Product Type (Fiber Optic Lasers (FOL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), High Power Diode Lasers (HPDL), Blue Laser, Infrared Laser and others), By Application (Optical Storage Devices Lithography, Display, Printing, Defense, Telecom & Communication, Industrial application, Healthcare, Sensors and others), By Material (Gallium Arsenide (GaAs), Aluminum Gallium Arsenide (AlGaAs), Gallium Phosphide (GaP), Indium Gall

Semiconductor Laser (also called Laser Diode) described as a device due to which laser oscillation occurs when electric charge flows through a semiconductor. It has similarities with LED Mechanism. The industrial & commercial use of laser diodes has brought new opportunities due to its compact & small size, higher efficiency as compared to the conventional lasers, power-saving characteristics, optical characteristics, and ruggedness. The Semiconductor Laser Market is anticipated to grow from USD 7.6 billion in 2020 to 14.5 billion by 2030 at a CAGR of approx. 6.7%. A concentrated monochromatic light beam emitted by a compact-size semiconductor laser which is a natural digital data transmitter and interfaced with optical fibres communication. Semiconductor lasers have an application such as.

Market Segmentation:

On the basis of product type, the global semiconductor laser market is segmented into fiber-optic lasers (FOL), vertical-cavity surface-emitting lasers (VCSEL), compact disc lasers (CDL), high power diode lasers (HPDL), blue laser, infrared laser, and others. Based on application, this market is categorized into optical storage devices lithography, display, printing, defense, telecom & communication, industrial application, healthcare, sensors, and others. On the basis of material used, this market is divided into gallium arsenide (GaAs), aluminium gallium arsenide (AlGaAs), gallium phosphide (GaP), indium gallium phosphide (InGaP), gallium nitride (GaN), indium gallium arsenide (InGaAs) and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

Highly efficient semiconductor lasers, Laser Fibre market expansion, Dedicated assembly, lower packaging error tolerance, rise in healthcare sector usage and growing demand in the defence sector are the factors to drive the growth in the global laser diode market. Furthermore, the favourable regulations regarding the usage of semiconductors in 3D printing for the healthcare sector are anticipated to throttle the market growth. However, less reliability & testing, delicate design, low packaging tolerance error hamper market growth. Furthermore, the regulations favourable to the usage of semiconductor lasers also restrain the usage of it in prosthetic organs’ building and other life science-based solicitations. Moreover, high demand for semiconductor laser for data storage applications across industries. However, functional shortfalls & efficiency of semiconductor lasers are expected to pose challenges for market growth.

Geographic Analysis:

North America is anticipated to be a symbol of the matured market which holds major market share during the forecast period. Factors such as increment in advanced infrastructural development, high demand for technological advanced medical devices in the healthcare sector will drive the market growth in the markets. North America and Europe are predicted to lose a share of the semiconductor laser market to APAC. Asia-Pacific has the largest share of the market and is expected to experience the highest CAGR due to the higher manufacturing sector boom and industrialization. APAC is anticipated to experience demand growth in the market owing to technological solicitations and associated technologies. Factors such as the growth of numerous sectors due to government policies and investments, semiconductor industrial growth, low cost of manufacturing, cheap labor which will stimulate the material processing and lithography demand to cater to the demand of the SL market.

Competitive Scenario:

The key players in the semiconductor laser market are IPG Photonics Corporation, Coherent Inc., ASML Holdings N.V., Newport Corporation, Sharp Corporation, Trumpf GmbH + Co. KG, Sumitomo Electric Industries Ltd., Rofin-Sinar Technologies Inc., Hans Laser Technology Industry Group Co. Ltd., and Axcel Photonics Inc.

Semiconductor Lasers Market Report Scope