The Visible and UV Laser Diode Market size is projected to reach US$ 5.2 billion by 2031 from US$ 3.5 billion in 2023. The market is expected to register a CAGR of 5.3% during 2023–2031. The increasing integration of laser diodes in medical procedures is likely to remain a key trend in the market.
The visible and UV laser diode market encompasses a range of laser diodes capable of emitting light in the visible and ultraviolet spectrum, with applications in various industries such as telecommunications, manufacturing, healthcare, media and entertainment. This will be driven mainly by the growing adoption of high–power laser diodes within autonomous vehicle technologies and growing VCSEL technology for applications such as facial identification through smartphones. These trends indicate that prospects for visible and UV laser diode markets are extremely positive, showing growth opportunities in the coming years.
Visible and UV laser diodes are semiconductor devices that emit light in visible and ultraviolet parts of the spectrum. These semiconductors find broad applications in visible laser diodes: optical storage, laser printing, medical equipment, and industrial processes. Normally, visible laser diodes emit light at either red, green, or blue wavelengths, and they are used according to specific devices like laser pointers, barcode scanners, and optical disc drives. On the other hand, UV laser diodes work with light at ultraviolet frequencies for applications like fluorescence excitation, biomedical instrumentation, semiconductor inspection, and others. Visible and UV laser diodes form a small unit to display devices that are power-efficient and coherent light emitters; hence, they are core constituents of several consumer, industrial, and scientific devices.
The visible and UV laser diode market is gaining huge adoption across the automotive industry due to increased demand for advanced technologies such as LiDAR systems and driverless cars. The need for high-power laser diodes for the use of the latest applications was a principal driver of the adoption of these laser diodes. This will expectedly drive the market in line with the growth trend in the automobile industry. This means that with increased demand for advanced technologies, especially LiDAR systems and autonomous driving, has contributed to increasing reliance on visible and UV laser diodes, hence proving their indispensable role in shaping the future of automotive technology's applications. This fact is even further reinforced by the notation that continuous research into laser diode technologies and their integration into specific applications for the automotive sector solidify the basis of such components as being indispensable in the technological development of the industry.
The current visible and UV laser diode market reveals that the multi-mode diode lasers are gaining increased adoption, which seems to have relative advantages at higher power output and efficiency. This increased adoption rate indicates a rising preference for more versatile and high-performance laser diodes across various applications, hence further expanding the market. With high power output and increased efficiency, multi-mode diode lasers are finding large-scale applications in the industrial and scientific fields. Its ability to deliver increased power levels with improved efficiency in relation to some other types of lasers has positioned it as an important component of different systems/applications, driving its growth due to increasing adoption and thereby contributing to the overall growth of the visible and UV laser diode market.
Key segments that contributed to the derivation of the visible and UV laser diode market analysis are doping material, mode, and application.
The geographic scope of the visible and UV laser diode market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The dynamics, trends, and influences of consideration vary with the different geographical areas under study in the visible and UV laser diode market. Much focus is put on future trends and opportunities in the European market and deep analysis of the probable worth of investment within the region. This is supported by an outlook of the competitive landscape that recognizes key manufacturers and their strategies in front of a proactive disposition given to tackling market competition in the region. In North America, the market is driven by versatile elements, such as growing demand from military applications for state-of-the-art laser technology and visibly proposed usage of UV laser diodes for treating different skin diseases, reflecting a multi-set market landscape with applications across various sectors in both defense and health.
The regional trends and factors influencing the Visible and UV Laser Diode Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Visible and UV Laser Diode Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3.5 Billion |
| Market Size by 2031 | US$ 5.2 Billion |
| Global CAGR (2023 - 2031) | 5.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Doping Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Visible and UV Laser Diode Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Visible and UV Laser Diode Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The visible and UV laser diode market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the visible and UV laser diode market are listed below:
(Source: ROHM CO., LTD., Company Website, November 2023)
(Source: IPG Photonics Corporation, Company Website, January 2023)
The “Visible and UV Laser Diode Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The market is projected to record a CAGR of 5.3% during 2023–2031.
The market is expected to reach a value of US$ 5.2 billion by 2031.
ASML Holding NV, Coherent, Inc., IPG Photonics, Newport Corporation, Nuvoton Technology Corporation, ProPhotonix, Jenoptik AG, Sheaumann Laser, Inc., Osram Licht AG, and TRUMPF Group are key players in the market.
The increasing integration of laser diodes in medical procedures is a key trend in the market.
Rising adoption across the automotive sector is driving the market.