The
global laser diode market was valued at USD 4.60 billion in 2013,
growing at a CAGR of 12.6% from 2014 to 2020 and is estimated to
reach USD 10.26 billion in 2020.
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the full Laser Diode Market Report at
Significant
growth in the usage of laser diodes across various end-use markets
owing to a number of beneficial features offered by this technology
over conventional technologies is a key factor driving the laser
diode market globally. In addition, rising number of government
regulations for mandatory use of laser technology in the marking and
engraving of products, coupled with rapidly growing applications of
laser products in medical surgeries and devices are propelling the
laser diode market globally. However, high initial costs involved in
laser processing machines along with rising environmental concerns
regarding the mining of rare earth elements are expected to pose a
minor hindrance to the growth of this market. On the other hand,
growth in fiber lasers and rising use of disk lasers in industrial
applications ensure the global laser diode market growth at a CAGR of
12.6% over the forecast period.
The
laser diode market is segmented by doping materials into InGaN, GaN,
AlGaInP, GaAlAs, GaInAsSb and other types of doping materials.
AlGaInP based laser diodes dominated the market in 2013 owing to
rapid usage in optical discs, laser pointers, DVD players and data
communications among others. The segment is expected to continue its
dominance during the forecast period. In 2013, AlGaInP based laser
diodes segment accounted for 29.33% of the global market revenue
share and is expected to lead the market in 2020.
The
global laser diode market has also been segmented on the basis of
applications into industrial, consumer electronics, medical,
automotive, healthcare, defense and other applications. The
automotive application segment led the market in 2013 owing to usage
of laser diodes for the purpose of lighting, and in engraving,
marking and molding of automotive plastic in automotive manufacturing
units. This is due to the fact that laser diodes offer numerous
advantageous features such as increased flexibility, increased
production speed, reduced part costs, and higher reliability. In
2013, the automotive segment accounted for 25.35% of the global laser
diode market revenue share and is expected to continue to lead the
market until 2020.
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The
laser diode market has been further segmented on the basis of
technology into double hetero structure laser diodes, quantum well
laser diodes, quantum cascade laser diodes, distributed feedback
laser diodes, separate confinement hetero structure (SCH) laser
diodes, VCSEL diodes and VECSEL diodes. Laser diodes are used
extensively across various application segments such as automotive,
industrial, consumer electronics, healthcare, and defense. In 2013,
distributed feedback laser diode technology led the global market,
accounting for 23.20% of the global revenue share and is expected to
continue its dominance during the forecast period.
Additionally,
the report segments the market based on property (wavelength) into
infrared laser diode, red laser diode, blue laser diode, blue violet
laser diode, ultraviolet laser diode and green laser diode. The
infrared laser diode segment led the market, accounting for 26.20% of
the global laser diode market revenue in 2013, and is expected to
continue to hold its position in the market, by accounting for 24.65%
of the global market revenue in 2020. The blue laser diode segment
and the red laser diode segment trailed the infrared laser diode
segment in the same year.
The
advancement in technologies across the globe particularly in the
developing economies of Asia Pacific and Rest of the World region
coupled with rapid growth in automotive and electronic manufacturing
across both the regions is propelling the laser diode market. In
addition, growing applications of laser diodes across end-use
verticals such as military and defense, healthcare and medical, fiber
optic communication and telecommunication are further bolstering the
laser diode market, globally. Asia Pacific dominated the laser diode
market in the year 2013 by accounting for 46.67% of the global market
and is expected to continue its dominance over the forecast period.
North America and Europe trailed Asia Pacific in the year 2013.
The
report provides company market share analysis of the various industry
participants. Major players have also been profiled on key points
such as company overview, financial overview, product portfolio,
business strategies, and recent developments in the field of laser
diode market. Major market participants profiled in this report
include Coherent, IPG, SPI, Sharp Corporation, and Sumitomo among
others.
Laser
Diode Market: By geography
- North America
- Europe
- Asia Pacific
- RoW
Laser
Diode Market: By doping materials
- InGaN
- GaN
- AIGaInP
- GaAIAs
- GaInAsSb
- GaAs
- Others
Laser
Diode Market: By applications
- Industrial
- Consumer Electronics
- Healthcare
- Automotive
- Defense
- Others
Laser
Diode Market: By technology
- Double Hetero structure Laser Diodes
- Quantum Well Laser Diodes
- Quantum Cascade Laser Diodes
- Distributed Feedback Laser Diodes
- Separate Confinement Hetero structure (SCH) Laser Diodes
- VCSEL Diodes
- VECSEL Diodes
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
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