Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A laser diode or also referred to as a diode laser or injection laser diode is a semiconductor device, in which a diode-injected directly with electrical current can create lasing conditions. It can directly convert electrical energy into light. Laser diodes are most commonly used in fiber-optic communications, laser pointers, barcode readers, laser printing, laser scanning, light beam illumination, disc recording, and more.

The global laser diode market is estimated to be valued at US$ 11.9 million in 2021 and is expected to exhibit a CAGR of 18.8% over the forecast period (2021-2028).

Recent Developments:

In April 2019, high-tech company TRUMPF acquired the photonics business from Philips, which it had announced in December 2018. The acquisition will establish a new business division called TRUMPF Photonic Components, which will be headed up by Lutz Aschke and Joseph Pankert.

In Feb 2021, II-VI Incorporated, one of the leader in engineered materials and optoelectronic components, acquired Coherent, Inc. The purpose of acquisition is to expand the business of photonic solutions, compound semiconductors, and laser technology and systems

Figure 1. Global Laser Diode Market Value (US$ Mn), by Region, 2020

Laser Diode  | Coherent Market Insights

Asia Pacific region held dominant position in the global laser diode market in 2020, accounting for 45.62% share in terms of value, followed by North America and Europe respectively.

Global Laser Diode Market- Drivers

Increasing use of laser diodes in various end-use sectors is expected to drive growth of the global laser diode market during the forecast period. Laser diodes are used in various applications such as communication, factory automation, material processing, data storage, medical sector, display, and sensing. Fiber optical communication industry uses high-speed laser diodes to transmit data over the Internet and telephone networks. The majority of optical fiber networks are powered by distributed feedback laser diodes. Rising demand for high-speed Internet services such as 3G and long Term Evaluation (LTE), and cloud services along with the increasing number of Internet subscribers is leading to the higher deployment of optical fiber networks globally. According to Coherent Market Insights’ analysis, the global Internet population will cross 5 billion by 2020 from 1.7 billion in 2010. Laser diodes have several advantages such as temperature sensitivity, high conversion efficiency, and cost compared to other light sources. As a result of this, the demand and applications of the laser diode have increased massively.

Regulatory compliances making mandatory use of laser technology is expected to propel the global laser diode market growth over the forecast period. Laser is typically used in marking and engraving applications in the industrial sector. Marking is used for marking brand names, price, manufacturing dates, serial numbers, product codes, and other information on various products and materials. The common techniques used for marking are inkjet printing, ink stamping, punching, and laser marking. Laser marking systems offer numerous advantages such as an environment-friendly process and high-quality marks over the other conventional marking techniques.  Furthermore, laser marking does not need any solvent for marking and thus, it helps to reduce the finishing process in manufacturing and is easier to recycle. This makes laser marking preferable over conventional marking techniques. Moreover, several countries such as the U.S. are implementing strict regulatory norms regarding clear labeling, in order to reduce incidents of food poisoning due to the consumption of stale food products.

Global Laser Diode Market: Opportunities

The laser industry has witnessed increased demand for high power and high brightness lasers from 790 nm to 980 nm. This trend is expected to continue in the next six years with increasing application of high power lasers in material processing, fiber laser pumping, defense, medical, and consumer electronics manufacturing. Given the continuous development of the vertical external-cavity surface-emitting lasers (VECSEL) over the last five years, this technology has proven to be a reliable high power laser source due to its capability to produce tunable output and high brightness along with coherent light generation.

Conventional lasers such as Nd: YAG rod lasers have limited capabilities because of thermal lensing. Thermal lensing is an effect caused due to overheating of the laser crystal, especially in high power lasers. A disk laser is a type of solid-state laser that uses a heat sink, thereby increasing the power and efficiency of the laser. Currently, the disk lasers have not reached any limits in terms of the output power per disk and beam quality. Furthermore, disk lasers offer various advantages such as the efficient conversion of intra-cavity frequency over conventional high power resonator concepts. This is expected to increase the adoption of disk lasers at a substantial rate over the forecast period.

request-sample

Laser Diode Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 11.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 18.8% 2028 Value Projection: US$ 41.6 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe
  • Eastern Europe: Poland, Russia, and Rest of Eastern Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Doping Material: InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, Others
  • By Application: Industrial, Consumer Electronics, Healthcare, Automotive, Defense, Others
  • By Technology: Double Hetero structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, VECSEL Diodes
  • By Property (wavelength): Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue Violet Laser Diode, Green Laser Diode, Ultraviolet Laser Diode
Companies covered:

ASML Holding NV, Trumpf GmbH + Co. KG, Axcel Photonics, Inc., Sumitomo Electric Industries, Ltd., Coherent Inc., Sharp Corporation, Rofin-Sinar Technologies Inc., IPG Photonics Corp., and Newport Corp.

Growth Drivers:
  • Increasing use of laser diodes in various end-use sectors
  • Regulatory compliances making mandatory use of laser technology
Restraints & Challenges:
  • Limitations of laser diodes combined with high initial cost 
  • Growing environment concerns related to the mining of rare earth elements

Market Trend

Apart from industrial material processing, medical and marking applications, laser technology is also expected to be used in numerous other applications such as optical disc data storage, laser microchemistry, and dental treatment. Lasers are expected to be widely used in the near future to fulfill data storage requirements. Laser technology can be used for volumetric data storage with higher efficiency than Blu-ray or high-definition digital versatile discs (HD DVDs) and high-definition three dimensional (HD3D) displays. The use of laser technology in disc storage application improves the audio and video quality as compared to the conventional discs. Furthermore, laser technology is also used for such dental treatments as removing dental decay and filling cavities.

Green laser devices or simply laser pointers are one of the most commonly used devices in corporate offices. It is a pen-sized, handheld device with a power source. The green laser can be used for various applications such as pointing devices. It is also sued in laser light shows for entertainment purposes.

Figure 2. Global Laser Diode Market Share, By Doping Material, 2020

Laser Diode  | Coherent Market Insights

Key Takeaways of the Graph:

  • The AIGaInP segment held dominant position in the market and accounted for 29.68% share in the global laser diode market in 2020. The segment is expected to reach US$ 12.34 million in 2028. This is owing to increasing use for doping in laser diode industry.
  • In 2020, the Automotive segment accounted for the largest share of 24.87% in the global laser diode market and is expected to be valued at US$ 10.34 million by 2028, owing to increasing use of laser diode in automotive industry

Global Laser Diode Market- Restraint

Limitations of laser diodes combined with high initial cost are expected to restrain growth of the global laser diode market during the forecast period. Low output power is a major drawback of laser diodes. Single laser diodes cannot supply sufficient power output required for far deep space communication. Multiple lasers need to be operated simultaneously which increases the cost of the laser system, in order to match the power requirements for such applications. Laser diode output is greatly dependent on temperature and hence, any increase in the temperature translates into higher power losses. Furthermore, laser technology can be used for various processes including cutting, drilling, marking, and other industrial processes. However, high initial costs associated with these machines may pose a challenge for the growth of the laser diode market.

Growing environment concerns related to the mining of rare earth elements is expected hinder the global laser diode market growth over the forecast period. Rare earth elements consist of two transition elements and 15 lanthanides terbium, scandium, cerium, yttrium, neodymium, praseodymium, lanthanum, thulium, samarium, and others. These elements are known for their magnetic, luminescent, and electrochemical properties. These elements are used in the optical industry for plasma televisions and lighting, microscopes, and perception eyeglasses. However, the extraction of the rare earth elements is accompanied by various environmental concerns. Furthermore, refining of rare earth elements results in the release of harmful by-products into environmental bodies such as water, ground, and air.

Competitive Section

Key players operating in the global laser diode market are ASML Holding NV, Trumpf GmbH + Co. KG, Axcel Photonics, Inc., Sumitomo Electric Industries, Ltd., Coherent Inc., Sharp Corporation, Rofin-Sinar Technologies Inc., IPG Photonics Corp., and Newport Corp.

Key Developments

  1. Major companies are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in December 2018, Trumpf GmbH + Co. KG acquired Photonics GmBh, a laser diode division from Phillips.
  2. Key players are focused on product launches, in order to gain a competitive edge in the market. For instance, in April 2020, Coherent Inc. launched DL HPSi, a multi-kilowatt industrial diode laser.

A laser diode is a diaphragm-like semiconductor device like a fluorescent lamp in which an electrode is directly injected with light energy directly to the junction of a diode. Laser diodes will directly emit light into the phosphors of the semiconductor where the current is formed. It is used mainly in the medical field to perform many different applications such as curing an eye infection, sterilizing medical equipment, and eliminating skin growths and scars. It also has many cosmetic uses including removing tattoos. Although there are other methods of removing a tattoo from the skin, these tend to be painful and require several sessions.

Market Dynamics

Increasing use of high-power laser diodes in autonomous vehicle technologies is expected to boost growth of the global laser diode market during the forecast period. Autonomous vehicles use a novel technology known as LIDAR or light detection and ranging for various purposes to detect objects around a vehicle. The primary advantage of LIDAR is that it can generate accurate 3D images of everything including surrounding vehicles to traffic lights. Light sources such as laser and photosensors such as photodiodes are typically used in LIDAR. Hence, these factors are expected to drive market growth.

Furthermore, rapid growth of the fiber laser market is expected to accelerate growth of the global laser diode market in the near future.

Key features of the study:

  • This report provides in-depth analysis of the laser diode market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global laser diode market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ASML Holding NV, Trumpf GmbH + Co. KG, Axcel Photonics, Inc., Sumitomo Electric Industries, Ltd., Coherent Inc., Sharp Corporation, Rofin-Sinar Technologies Inc., IPG Photonics Corp., and Newport Corp.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global laser diode market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global laser diode market

Detailed Segmentation:

  • Global Laser Diode Market, By Doping Material
    • InGaN
    • GaN
    • AIGaInP
    • GaAIAs
    • GaInAsSb
    • GaAs
    • Others
  • Global Laser Diode Market, By Application
    • Industrial
    • Consumer Electronics
    • Healthcare
    • Automotive
    • Defense
    • Others
  • Global Laser Diode Market, By Technology
    • Double Hetero structure Lasers Diodes
    • Quantum Well Lasers Diodes
    • Quantum Cascade Lasers Diodes
    • Distributed Feedback Lasers Diodes
    • SCH Lasers Diodes
    • VCSEL Diodes
    • VECSEL Diodes
  • Global Laser Diode Market, By Property (Wavelength)
    • Infrared Laser Diode
    • Red Laser Diode
    • Blue Laser Diode
    • Blue Violet Laser Diode
    • Green Laser Diode
    • Ultraviolet Laser Diode
  • Global Laser Diode Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • MEA
  • Company Profiles
    • ASML Holding NV*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Trumpf GmbH + Co. KG
    • Axcel Photonics, Inc.
    • Sumitomo Electric Industries, Ltd.
    • Coherent Inc.
    • Sharp Corporation
    • Rofin-Sinar Technologies Inc.
    • IPG Photonics Corp.
    • Newport Corp.

*Browse all the market data tables and figures on “Global Laser Diode Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Doping Material
      • Market Snippet, By Application
      • Market Snippet, By Technology
      • Market Snippet, By Property (Wavelength)
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Laser Diode Market, By Doping Material, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • InGaN
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • GaN
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • AIGaInP
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • GaAIAs
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • GaInAsSb
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • GaAs
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Others
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
  5. Global Laser Diode Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Industrial
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Consumer Electronics
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Healthcare
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Automotive
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Defense
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Others
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
  6. Global Laser Diode Market, By Technology, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Double Hetero structure Lasers Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Quantum Well Lasers Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Quantum Cascade Lasers Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Distributed Feedback Lasers Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • SCH Lasers Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • VCSEL Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • VECSEL Diodes
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
  7. Global Laser Diode Market, By Property (wavelength), 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Infrared Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Red Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Blue Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Blue Violet Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Green Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Ultraviolet Laser Diode
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
  8. Global Laser Diode Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Property (wavelength), 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada        
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Property (wavelength), 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Property (wavelength), 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Property (wavelength), 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Property (wavelength), 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Doping Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • ASML Holding NV
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Trumpf GmbH + Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Axcel Photonics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sumitomo Electric Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Coherent Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sharp Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rofin-Sinar Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IPG Photonics Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Newport Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References   
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Laser Diode Market-forecast to 2028”.

Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.