Laser Diode Market Size Worth $15.6 Billion By 2030 | CAGR: 13.0%

The global laser diode market size is expected to reach USD 15.6 billion by 2030, according to a new study by Polaris Market Research. The report “Laser Diode Market Share, Size, Trends, Industry Analysis Report, By Wavelength; By Doping Material; By Technology; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The growing demand for the laser diode across various applications is due to its ease of handling, high-efficiency light, reliability, and long durability. Furthermore, these laser diodes focus on small areas currently utilized in security systems, barcodes, and radar systems, increasing the sale of the product.

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In addition, the increasing demand for the product across the aerospace & defense sector is due to its operation with minimal power usage, and deployment in naval ships, aircraft, and vehicle requires minimal cost. Furthermore, when integrated with the aerospace industry, laser diode improves power level, brightness, and reliability, which are helpful for target selection, and range findings during combat, which is expected to bolster the market growth.

The COVID-19 pandemic had a negative impact on the demand for the laser diode. Negligible operation across various manufacturing units resulted in delays in the production of components. Moreover, many industries were standstill, resulting in less consumer expenditure towards the electronics market, ultimately hampering the market growth.

Laser Diode Market Report Highlights

• The growing demand for blue laser diode in various end-use industries is due to its power, wavelength, lifetime, and operating temperatures. The growing demand in industrial application for precision measurement by various detectors and printers are also driving the segment growth.
• The quantum cascade is expected to grow rapidly over the forecast period. It allows laser diodes to generate larger wavelengths and change layer thickness during fabrication which has a huge application in spectroscopy, communication, and the defense sector.
• The automotive industry is expected to spearhead revenue growth as growing consumer expenditure on electric vehicles, declination in laser diode prices, and technological advancement to detect and measure the advanced vehicle's acceleration, speed, and GPS data.
• Asia Pacific is expected to grow over the forecast period because of rapid digitization, increasing adoption of smartphones, wearables, and rising expenditure on electric vehicles.

• Major players operating in the industry include AMS-OSRAM AG, ASML Holding NV, Axcel Photonics, Inc., Bluglass Limited, Coherent Inc., Frankfurt Laser Company, Hamamatsu Photonics K.K, II-VI Incorporated, Infineon Technologies AG, IPG Photonics Corp., Jenoptik AG, Kyocera Corp, Lumentum Holding Inc., MKS Instruments, Inc.

Polaris Market Research has segmented the laser diode market report based on wavelength, doping material, technology, application, and region:

Laser Diode, Wavelength Outlook (Revenue - USD Billion, 2018 - 2030)

• Infrared Laser Diodes
• Red Laser Diodes
• Blue Laser Diodes
• Blue Violet Laser Diodes
• Green Laser Diodes
• Ultraviolet Laser Diodes

Laser Diode, Doping Material Outlook (Revenue - USD Billion, 2018 - 2030)

• Gallium Aluminum Arsenide (GaAIAs)
• Gallium Arsenide (GaAs)
• Gallium Indium Arsenic Antimony (GaInAsSb)
• Aluminum Gallium Indium Phosphide (AIGaInP)
• Indium Gallium Nitride (InGaN)
• Gallium Nitride (GaN)
• Others

Laser Diode, Technology Outlook (Revenue - USD Billion, 2018 - 2030)

• Double Hetero Structure Laser Diodes
• Quantum Well Laser Diodes
• Quantum Cascade Laser Diodes
• Distributed Feedback Laser Diodes
• Sch Laser Diodes
• Vertical Cavity Surface Emitting Laser (VCSEL) Diodes
• Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes

Laser Diode, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Telecommunication
• Industrial
• Medical & Healthcare
• Consumer Electronics
• Automotive
• Others

Laser Diode, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa