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.
Visible and UV Laser Diode Market Analysis
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 Diode Market Overview
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.
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Visible and UV Laser Diode Market: Strategic Insights
Market Size Value in US$ 3,127.50 million in 2021 Market Size Value by US$ 4,497.40 million by 2028 Growth rate CAGR of 5.3% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Visible and UV Laser Diode Market: Strategic Insights
| Market Size Value in | US$ 3,127.50 million in 2021 |
| Market Size Value by | US$ 4,497.40 million by 2028 |
| Growth rate | CAGR of 5.3% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Visible and UV Laser Diode Market Drivers and Opportunities
Rising Adoption across the Automotive Sector
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.
Increase in Uptake of Multi-mode Diode Laser
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.
Visible and UV Laser Diode Market Report Segmentation Analysis
Key segments that contributed to the derivation of the visible and UV laser diode market analysis are doping material, mode, and application.
- Based on doping material, the market is segmented into AIGaInP, GaN, and InGaN. The AIGaInP segment held a significant market share in 2023.
- In terms of mode, the market is segmented into single-mode and multi-mode. The single-mode segment held a significant market share in 2023.
- Based on application, the market is segmented into industrial, defense, scientific medical, and others. The industrial segment held a significant market share in 2023.
Visible and UV Laser Diode Market Share Analysis by Geography
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.
Visible and UV Laser Diode Market Report Scope
Visible and UV Laser Diode Market News and Recent Developments
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:
- ROHM has developed a high-power laser diode - the RLD90QZW8. It is ideal for industrial equipment and consumer applications requiring distance measurement and spatial recognition.
(Source: ROHM CO., LTD., Company Website, November 2023)
- IPG Photonics Corporation (Nasdaq: IPGP), the world leader in fiber laser technology, today announced the launch of three deep ultraviolet (Deep UV) lasers with its proprietary non-linear crystals providing more robust and flexible solutions over lasers using conventional frequency conversion materials.
(Source: IPG Photonics Corporation, Company Website, January 2023)
Visible and UV Laser Diode Market Report Coverage and Deliverables
The “Visible and UV Laser Diode Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Visible and UV laser diode market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Visible and UV laser diode market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Visible and UV laser diode market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Visible and UV laser diode market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Doping Material, Mode, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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