Semiconductor Lasers Market By Type (FOL, VCSEL, CDL, HPDL, Red Lasers, Violet Lasers, Green Lasers, and Blue Lasers) and By End Users Applications (Optical Storage Devices, Lithography, Healthcare, Defense and R&D, Sensors, Display, Printing, Communication, and Industrial) - Opportunity Analysis and Industry Forecast, 2020-2030
Industry: Semiconductor & Electronics | Publish Date: 17-Oct-2024 | No of Pages: 323 | No. of Tables: 165 | No. of Figures: 135 | Format: PDF | Report Code : SE84
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Market Definition
The global Semiconductor Lasers Market size was valued at USD 7.12 billion in 2019 and is predicted to reach USD 14.53 billion by 2030 with a CAGR of 6.7% from 2020-2030.
Semiconductor laser is a device that emits a concentrated monochromatic light, which causes laser oscillation by passing an electric current to semiconductor. Its applications are extremely widespread and include optical telecommunications, optical data storage, metrology, spectroscopy, material processing, and medical treatments. Semiconductor lasers are more efficient compared to the conventional lasers as they use active semiconductor materials for light amplification.
These lasers are small in size, require less power and are much more efficient than conventional lasers, which make them a smarter choice in the manufacturing of laser-based system. In telecommunication industry, semiconductor lasers are mostly used in fiber optic cables to enable fast and efficient communication. Semiconductor lasers also cost less than conventional lasers.
Market Dynamics and Trends
The increasing adoption of fiber optic lasers in telecommunication industry and the rising preference of semiconductor lasers over other light sources are driving the semiconductor lasers market globally. Also, increasing use of semiconductor lasers in defense and industrial sectors due to its small size, high efficiency, light weight and long-life span has led the global market to flourish. In addition, features like less distance attenuation resulting in extended reach and accurate pointing has boosted the overall market globally.
Moreover, increasing use of 3D printing in the architectural and healthcare sector is likely to augment the demand and popularity of semiconductor lasers. However, low packing tolerance, delicate design and low reliability are expected to inhibit the growth of semiconductor lasers market in the near future. On the contrary, the increasing requirement of semiconductor laser in medical sector and the growing demand of data storage capabilities is opening new opportunities for the market players.
Market Segmentations and Scope of the Study
The global semiconductor lasers market report is analyzed on the basis of type, end user and geography. On the basis of type, the market is segmented into Fiber Optic Lasers (FOL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), High Power Diode Lasers (HPDL), Red Lasers, Violet Lasers, Green Lasers, and Blue Lasers. On the basis of end user, the market is divided into Optical Storage Devices, Lithography, Healthcare, Defense and R&D, Sensors, Display, Printing, Communication, and Industrial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
Asia Pacific is expected to experience increased demand and popularity of semiconductor lasers due expanding manufacturing and rising industrialization in the region. Also, considerable demand from the end-user industries such as display manufacturing, industrial machinery, healthcare industry, and sensors manufacturing is expected to propel the semiconductor lasers market growth in this region.
However, the market is growing at a moderate rate in Europe and North America. This is owing to the imminent favorable initiatives taken by the U.S. Federal Government, in association with the International Electro-technical Commission, endorses and supports the usage of 3D printers particularly in the healthcare division with specific authoritarian directives.
Competitive Landscape
The semiconductor lasers industry is highly competitive in nature and consists of various market players. Some of the major market players include OSRAM Licht AG, ASML Holding NV, Coherent Inc., Mitsubishi Electric, Huaguang Photoelectric, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation Overview, Panasonic Corporation, ROHM Co. Ltd., Sharp Corp. Strategic alliances, acquisitions and innovations along with R&D are key strategies used by the market players to maintain market dominance.
For instance, in August 2019, the IPG Photonics and Brose Group declared a project to in order to collaborate on the advancement of the first direct weld measurement technology for automotive seat rails.
Key Benefits
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The semiconductor lasers report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on
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The study comprises a deep dive analysis of the semiconductor lasers market including the current and future trends for depicting the prevalent investment pockets in the market
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The information related to key drivers, restraints and opportunities and their impact on the semiconductor lasers market is provided in the report.
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The market share of the players in the global market along with their competitive analysis.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Semiconductor Lasers Market Key Segments
By Type
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Fiber Optic Lasers (FOL)
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Vertical Cavity Surface Emitting Lasers (VCSEL)
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Compact Disc Lasers (CDL)
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High Power Diode Lasers (HPDL)
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Red Lasers
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Violet Lasers
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Green Lasers
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Blue Lasers
By End-user
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Optical Storage Devices
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Lithography
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Healthcare
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Defense and R&D
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Sensors
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Display
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Printing
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Communication
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Industrial
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Italy
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Germany
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Spain
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Netherlands
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Taiwan
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Vietnam
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Rest of Asia Pacific
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RoW
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Latin America
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Middle East
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Africa
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Key Players
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OSRAM Licht AG
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ASML Holding NV
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Coherent Inc.
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Mitsubishi Electric
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Huaguang Photoelectric
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Hans Laser Technology Industry Group Co. Ltd.
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IPG Photonics Corporation Overview
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Panasonic Corporation
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ROHM Co. Ltd.
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Sharp Corp.
Report Scope and Segmentation
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Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Type (FOL, VCSEL, CDL, HPDL, Red Lasers, Violet Lasers, Green Lasers, and Blue Lasers) and By End Users Applications (Optical Storage Devices Lithography, Healthcare, Defense and R&D, Sensors, Display, Printing, Communication, and Industrial) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Italy, Germany, Spain, Netherlands, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Vietnam, Rest of Asia Pacific) RoW (Latin America, Middle East, Africa) |
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Companies Profiled |
OSRAM Licht AG, ASML Holding NV, Coherent Inc., Mitsubishi Electric, Huaguang Photoelectric, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation Overview, Panasonic Corporation, ROHM Co. Ltd., Sharp Corp. |
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