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.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Visible and UV Laser Diode Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Visible and UV Laser Diode Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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 Regional Insights
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.
- Get the Regional Specific Data for Visible and UV Laser Diode Market
Visible and UV Laser Diode Market Report Scope
| 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 |
Visible and UV Laser Diode Market Players Density: Understanding Its Impact on Business Dynamics
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:
- ASML Holding NV
- Coherent, Inc.
- IPG Photonics
- Newport Corporation
- Nuvoton Technology Corporation
- ProPhotonix
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Visible and UV Laser Diode Market top key players overview
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
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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.
Get Free Sample For