Semiconductor Lasers Market Growing Trends and Demands Analysis Forecast 2021 - 2030

The Global Semiconductor Lasers Market size was valued at USD 7.12 billion in 2019 and is predicted to reach USD 14.53 billion by 2030 with a CAGR of 6.7% from 2020-2030.

Semiconductor laser is a device that emits a concentrated monochromatic light, which causes laser oscillation by passing an electric current to semiconductor. Its applications are extremely widespread and include optical telecommunications, optical data storage, metrology, spectroscopy, material processing, and medical treatments. Semiconductor lasers are more efficient compared to the conventional lasers as they use active semiconductor materials for light amplification. These lasers are small in size, require less power and are much more efficient than conventional lasers, which make them a smarter choice in the manufacturing of laser-based system. In telecommunication industry, semiconductor lasers are mostly used in fiber optic cables to enable fast and efficient communication. Semiconductor lasers also cost less than conventional lasers.

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Top Companies: ASML Holdings N.V., Coherent Inc., Newport Corporation, Sharp Corporation, Sumitomo Electric Industries, Ltd., Trumpf GmbH + Co. KG, Axcel Photonics Inc., IPG Photonics Corporation, Han’s Laser Technology Industry Group Co. Ltd., and Rofin-Sinar Technologies Inc.

Market Dynamics and Trends:

The increasing adoption of fiber optic lasers in telecommunication industry and the rising preference of semiconductor lasers over other light sources are driving the semiconductor lasers market globally. Also, increasing use of semiconductor lasers in defense and industrial sectors due to its small size, high efficiency, light weight and long-life span has led the global semiconductor lasers market to flourish. In addition, features like less distance attenuation resulting in extended reach and accurate pointing has boosted the overall semiconductor lasers market globally. Moreover, increasing use of 3D printing in the architectural and healthcare sector is likely to augment the demand and popularity of semiconductor lasers. However, low packing tolerance, delicate design and low reliability are expected to inhibit the growth of semiconductor lasers market in the near future. On the contrary, the increasing requirement of semiconductor laser in medical sector and the growing demand of data storage capabilities is opening new opportunities for the market players.

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Market Segmentations and Scope of the Study:

The global semiconductor lasers market share is analyzed on the basis of type, end user and geography. On the basis of type, the market is segmented into Fiber Optic Lasers (FOL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), High Power Diode Lasers (HPDL), Red Lasers, Violet Lasers, Green Lasers, and Blue Lasers. On the basis of end user, the market is divided into Optical Storage Devices, Lithography, Healthcare, Defense and R&D, Sensors, Display, Printing, Communication, and Industrial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia Pacific is expected to experience increased demand and popularity of semiconductor lasers due expanding manufacturing and rising industrialization in the region. Also, considerable demand from the end-user industries such as display manufacturing, industrial machinery, healthcare industry, and sensors manufacturing is expected to propel the semiconductor lasers market growth in this region.

However, the market is growing at a moderate rate in Europe and North America. This is owing to the imminent favorable initiatives taken by the U.S. Federal Government, in association with the International Electro-technical Commission, endorses and supports the usage of 3D printers particularly in the healthcare division with specific authoritarian directives.

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