USD 9.51 Billion
Laser Diode Market Size, Share, Growth Analysis, By Mode of Operation(Single-Mode Laser Diodes, Multimode Laser Diodes), By Wavelength(Infrared Laser Diodes, Red Laser Diodes, Blue Laser Diodes, Green Laser Diodes), By Doping Material(Gallium Aluminum Arsenide (GAALAS), Gallium Arsenide (GAAS), Aluminum Gallium Indium Phosphide (ALGAINP), Indium Gallium Nitride (INGAN)), By Technology(Distributed Feedback Laser Diodes, Double Heterostructure Laser Diodes, Quantum Cascade Laser Diodes, Quantum Well Laser Diodes), By Application(Automotive [In-Cabin Applications, Automotive Headlights, Automotive Lidar, Head-Up Displays]), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2226 |
Region:
Global |
Published Date: October, 2024
Pages:
184
|Tables:
125
|Figures:
74
Laser Diode Market Insights
Global Laser Diode Market size was valued at USD 5.8 billion in 2022 and is poised to grow from USD 6.57 billion in 2023 to USD 17.7 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).
The laser diode market growth is rapid and promises to continue into the next years. A laser diode is a semiconductor device that produces intelligible radiation in either the visible or infrared (IR) spectrum when an electric current is passed through it. It is similar in nature to a light-emitting diode, and it features a laser beam that is generated at the junction of the diode. Since light is of one frequency, it often orbits around a small point using a simple focus point structure. As laser diodes are compact in size, low power consumption, and light in weight, they are very perfect and efficient for portable electronic devices. This would mean they are used in a scale of devices ranging from barcode scanners to laser printers, security systems, driverless cars, and fiber-optic connection, and so on, which all look bright for the laser diode market share.
The primary factors driving the growth of the global laser diode market are growing demand for laser diodes in the medical services industry, due to increased accuracy and minimum damage control; their wide acceptance in the contemporary sector for efficient metal preparation and increasing acceptance in the assembly of automobile headlights. A significant number of variables contribute to growth in the market share include constant creative advancements offering more notable productivity and accuracy and evolving military applications.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial
Fastest Growth
Infrared Laser Diodes
Growth Rate
7.7% CAGR
Global Laser Diode Market ($ Bn)
Country Share for North America Region (%)
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Laser Diode Market Segmental Analysis
Global Laser Diode Market is segmented by Mode of Operation, Wavelength, Doping Material, Technology, Application, and region. Based on Mode of Operation, the market is segmented into Single-Mode Laser Diodes, and Multimode Laser Diodes. Based on Wavelength, the market is segmented into Infrared Laser Diodes, Red Laser Diodes, Blue Laser Diodes, Green Laser Diodes, Blue Violet Laser Diodes, and UV Laser Diodes. Based on Doping Material, the market is segmented into Gallium Aluminum Arsenide (GAALAS), Gallium Arsenide (GAAS), Aluminum Gallium Indium Phosphide (ALGAINP), Indium Gallium Nitride (INGAN), Gallium Nitride (GAN), Gallium Indium Arsenic Antimony (GAINASSB), and Others. Based on Technology, the market is segmented into Distributed Feedback Laser Diodes, Double Heterostructure Laser Diodes, Quantum Cascade Laser Diodes, Quantum Well Laser Diodes, Separate Confinement Heterostructure (SCH) Laser Diodes, Vertical Cavity Surface-Emitting Laser (VCSEL) Diodes, and Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes. Based on Application, the market is segmented into Automotive, Consumer Electronics, Healthcare & Medical, Industrial, Military and Defense, Telecommunication, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Mode of Operation
As per the laser diode market analysis, the multimode laser diodes dominated the market due to several spatial modes of light propagation. The lasers are often used and relatively inexpensive in applications where high output power and efficiency outweigh exact beam quality. They are often applied in industrial sensors, barcode scanners, laser printers, fiber-optic communication systems, and telecommunications. As multimode laser diodes are less expensive and have the capability of sending through several modes of light, they are used in fiber optics for shorter-distance transmission. Multimode lasers have a global laser diodes market because, although their beam is wider, they still give excellent performance in many applications.
However, the single-mode laser diodes operate on a single spatial mode and send out a narrow, coherent beam of light. These lasers are very precious due to the excellent quality of their beam, precision and high capacity to send information over long distances without loss. These lasers are required in high-performance applications, such as defense, medical systems, at high speeds that involve transferring data, and long-distance optical communications. The principle of single-mode laser diodes relies on sophisticated telecommunications infrastructure where high bandwidth and signal integrity are critical, such as fiber-optic networks and data centers. The single-mode category of laser diodes is the fastest growing in the laser diode industry. Indeed, in today's medical arena, a greater requirement exists for faster data transfer and more advanced diagnostics in medicine.
Analysis By Type
According to the laser diode market forecast, the injection laser diode (ILD) dominated the laser diode market in 2023. They have earned a prominent place among themselves for applications that range from consumer electronics, fiber optic communications, optical storage media, and even in common or so-called laser pointers to optoelectronics, because of their maturity of technological status, price factor, and integration complexity. Direct injection of electrical current into the diode's active area in their relatively simple construction assures them to be small and highly efficient. This is the perfect device for handheld applications. Thus, demand for ILDs is ever-increasing, particularly within consumer electronics.
Contrarily, the optically pumped semiconductor lasers (OPSL) segment is expected to develop at the fastest rate. They have much more space for growth in the semiconductor laser market. Unlike laser diodes, OPSLs are optically pumped; in place of electrical injection, an external light source excites them. Due to this, OPSLs have distinct advantages in terms of output power, wavelength tunability, and efficiency. Such features make them perfect for special applications in spectroscopy, medical imaging, and pretty advanced defense technologies, which require high powers and ultrafine control over the wavelength of the laser. It was expected that OPSLs would be transmitted across more specialized but enlarging industries as the development of technology transpired.
Global Laser Diode Market By Application
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Laser Diode Market Regional Insights
Material processing continues to be the key driver of the Asia-Pacific market towards the top ranks of the laser diode market. The automotive industry, heavy industries, and regional manufacturing continually require laser diodes for continuous laser cutting, welding, and surface treatment processes. These industries require laser diodes because of the accuracy, efficiency, and versatility of these devices in interaction with almost all possible materials. The Asia Pacific automotive industry also continues to grow rapidly, and laser diodes occupy an essential place in car production, for instance, precise cutting of parts and welding parts of the body. Laser diodes are also used in Asia-Pacific general manufacturing sectors for applications like micromachining, engraving, and marking.
The laser diode market is also gaining in the North American region on account of rising technological advancements in the laser technology segment that finds applications in the markets related to the automotive sector, telecommunications, medicine, and military security sectors. In 2023, the military spending of the United States amounted to more than 3.6% of the gross domestic product globally. This accordingly led to an increase in the overall R&D activities in the defense sector as well as a huge demand for laser diodes. The investment in this type of capital is predicted to prove as lucrative development prospects for laser diodes, especially when it is applied in military applications where the prevalence is about precision and leading-edge technology.
Global Laser Diode Market By Region
- Largest
- Fastest
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Laser Diode Market Dynamics
Drivers
Increasing Usage of Consumer Electronics
- Consumer electronics have taken up laser diodes quite extensively and the scope of application for such lasers is observed in wearable technology, cell phones, household appliances, optical storage, sensors, and laser displays. It has been recognized that with downsizing and technical advancements, laser diodes are destined to find increased usage in consumer electronics and thereby speed growth in the market.
Advancements in Telecommunications
- The demand for fast-speed data transfer in fiber-optic communication systems would increase the demand for laser diodes. Increased expansion of 5G networks, cloud computing, and the Internet of Things would ensure increasing demand for efficient and high-performance laser diodes in optical transceivers and network infrastructure. This would stimulate growth and advancement in the market.
Restraints
High Cost of Manufacturing
- Although laser diodes offer numerous benefits, their manufacturing process is costly, especially complex-feature or high-power output laser diodes. Most especially in developing countries where cost considerations are paramount, the relatively high costs of materials and manufacturing, mainly for specialty diodes such as OPSLs, can preclude widespread adoption in cost-sensitive applications and hinder market penetration.
Thermal Management Challenges
- For laser diodes, efficient heat dissipation is still the issue. High power types are preferably used in industrial or medical applications. If there is no proper heat management, the performance degrades, and lifetime reduces. The use of laser diodes is less in high-performance applications, in some fields due to technological constraint.
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Laser Diode Market Competitive Landscape
The global laser diode industry is growing significantly because of the investment made by the top businesses in R&D to enhance laser diode technology by emphasizing increasing power output, efficiency, and beam quality. They are further expanding the type of applications and continuously pushing up the innovations' limits. As part of their efforts to expand their market share and customer base, high-profile companies also engage in strategic partnering and ventures. In collaboration with the leading organizations in health care, automotive, and telecommunications, they are being included in new applications for laser diodes.
Top Player’s Company Profiles
- Giesecke+Devrient (Germany)
- De La Rue PLC (UK)
- SPMCIL (India)
- Real Casa De La Moneda (FNMT-RCM) (Spain)
- Security Paper Limited (Pakistan)
- Goznak (Russia)
- China Banknote Printing and Minting Corporation (CBPM) (China)
- Drewsen Spezialpapiere GmbH & Co. KG (Germany)
- Document Security Systems (US)
- Simpson Security Papers (US)
- Ciotola SRL (Italy)
- Crane Co. (US)
- Pura Group (Indonesia)
- Shandong Hirun Paper Co., Ltd (China)
- EPL House (India)
- Security Paper Mill, Inc. (Bangladesh)
- Dipa ZRT. (Hungary)
- HG Technology SDN BHD (Malaysia)
- Gemini Graaphics Pvt. Ltd. (India)
- Sony Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Laser Components GmbH (Germany)
Recent Developments
- Coherent has released its new PH20 SmartWeld+ laser processing heads designed for EV manufacturing applications, among other things, in June 2023. In fact, they are specifically built to meet the requirements for precise welding depth control.
- IPG Photonics Corporation announced in January 2023 that six high-efficiency diode laser technologies would be released. These include advantages over thermal ovens in industrial drying and heating applications.
- OSRAM Licht AG introduced at the beginning of April 2023 an inexpensive plastic-housed edge-emitting laser diode at 905 nm from Ams OSRAM for consumer or commercial environments.
Laser Diode Key Market Trends
- Integration and Miniaturization: One of the growing laser diode market trends includes integration and miniaturization. As industries in consumer electronics, the automotive industry, and healthcare increasingly demand more miniature small, efficient devices, laser diodes continue to evolve with increased miniaturization. As advances in MEMS and photonic integration technologies have made it possible to directly integrate laser diodes into miniature systems, it has become possible to have more applications that call for wearable technology, sensors for the Internet of Things, and medical diagnostic instruments in miniature formats.
- Lasers with Adjustable Wavelengths: Increasing use of wavelength-tunable laser diodes is partly derived from adapting their broad application by various sectors. In any case, lasers are ideal for highly precise activities like spectroscopy, chemical analysis, medical diagnostics, and environmental sensing in that they can be set to emit at certain wavelengths. The growth in the need for specific applications in each sector has made tunable lasers quite popular, mainly with industries like military and biomedical research. This is because they can make more accurate measurements and a greater number of applications, further expanding the potential for cutting-edge technology.
Laser Diode Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the laser diode market is expected to grow substantially due to increased demand from various sectors and technological improvement. It mainly gets propelled by significant factors, including consumer electronics proliferation, high-speed communication networks, and the need for precision in industrial and medical applications. Though heat management and production costs are still a concern, new developments in integration, downsizing, and wavelength-tunable laser technologies offer new hope. New uses are also spreading into new industries, and increased applications will take further advantage of laser diode's improvements in efficiency, flexibility, and price. The laser diode industry in general can be said to have a bright future, not only in established but also in specialist markets which is expected to develop steadily.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.8 billion |
| Market size value in 2031 | USD 17.7 billion |
| Growth Rate | 13.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Laser Diode Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Laser Diode Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Laser Diode Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Laser Diode Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Laser Diode Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Laser Diode Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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