Semiconductor Lasers Market Summary
Global Semiconductor Lasers Market size is estimated to reach $8.8 billion by 2022 from $5.5 billion in 2015, growing at a CAGR of 6.9% from 2016 to 2022. This is driven by rising adoption across defense, healthcare, and various other industries. This expanding application base is expected to create significant growth opportunities in the coming years, positioning the market for continued advancement and innovation.
Market Dynamics & Insights
- The semiconductor lasers industry in Asia-Pacific held a significant share of over 37.5% in 2014.
- The semiconductor lasers industry in the U.S. is expected to grow significantly at a CAGR of 5.9% from 2016 to 2022.
- By type, the Fiber Optic Laser segment is one of the dominating segments in the market and accounted for the revenue share of over 44.8% in 2014.
- By application, the display segment is the fastest-growing segment in the market.
Market Size & Future Outlook
- 2015 Market Size: $5.5 Billion
- 2022 Projected Market Size: $8.8 Billion
- CAGR (2016-2022): 6.9%
- Asia-Pacific: Largest market in 2014
- Asia-Pacific: Fastest growing market
In semiconductor lasers, light amplification is done by using active semiconductor materials. Semiconductor lasers are more advanced and efficient the conventional lasers. It is are replacing conventional lasers in a range of applications. Semiconductor lasers are small in size, require less power, and are more efficient in terms of performance than conventional lasers, which makes them the optimum choice in the manufacturing of laser-based systems. In addition, semiconductor lasers have several inherent advantages such as compact size and low cost over conventional laser technologies, which makes them preferable in laser applications. In communication systems, the semiconductor laser is mostly used in fiber optic cables to enable fast and efficient communication.
Factors Impacting the Semiconductor Laser Market
An increase in the usage of semiconductor lasers in defense due to their small body, lightweight, long life span, and high efficiency is expected to drive this market. Moreover, semiconductor lasers are economical, simple in design, and have a very high efficiency. Moreover, the increase in the requirement for semiconductor lasers in the medical sector is fueling the market demand. However, delicate design, low packaging tolerance error, and less reliability & testing restrain the market growth. The global increase in demand for data storage capabilities is opening new opportunities for the market players.
The semiconductor laser market is segmented based on the type of 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. Based on end-user, it is segmented into optical storage device,s lithography, healthcare, defense and R&D, sensors, display, printing, communication, and industrial. By geography, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The key players profiled in the report include 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.
Potential Benefits for Stakeholders
- This report provides an in-depth analysis of the global semiconductor lasers market, along with the current trends and future estimations to identify lucrative marketing and investment opportunities.
- It elucidates the key drivers, opportunities, and restraints that shape the market along with their impact analysis.
- Porter’s five forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better decision-making for stakeholders and strengthen their supplier and buyer networks.
Semiconductor Lasers Market Report Highlights
| Aspects | Details |
 By Type |
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 By End User |
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 By Geography |
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 Key Market Players | IPG PHOTONICS CORPORATION, HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO. LTD., COHERENT INC., NEWPORT CORPORATION, ASML HOLDINGS N.V., TRUMPF GMBH + CO. KG, ROFIN-SINAR TECHNOLOGIES INC., SHARP CORPORATION, SUMITOMO ELECTRIC INDUSTRIES, LTD., AXCEL PHOTONICS INC. |
Analyst Review
Semiconductor laser is different from a conventional laser due to the techniques used for optical amplification. In semiconductor laser, the optical amplification is achieved through the use of active semiconductor elements. The semiconductor lasers are compact in size, provide better power efficiency, and high quality of laser beam over conventional lasers. These lasers are mostly used in interface with fiber optic communication.
Semiconductor lasers market holds a substantial scope for growth. The market is currently growing with a decent growth rate although, the growth in the market is anticipated to escalate rapidly in next 4–5 years. Packaging and reliability are major limitations for purchasing the semiconductor lasers. However, increasing application in defense, healthcare, printing, and display enable the technology to reach a wider segment of consumers. Numerous players are entering the semiconductor lasers market with innovative products. This is expected to increase the competition in the semiconductor lasers market.
Key players have focused on product innovation, collaboration, and acquisition to expand their services across various geographies.
The global semiconductor lasers market was valued at US$5.5?billion in 2015 and is estimated to reach US$8.8?billion by 2022.
The market is projected to grow at a CAGR of 6.9% during the period 2016–2022.
Major companies profiled in the report include: Sumitomo Electric Industries, Ltd. | Axcel Photonics Inc. | Newport Corporation | Trumpf GmbH + Co. KG | Rofin?Sinar Technologies Inc. | IPG Photonics Corporation | Coherent Inc. | Han’s Laser Technology Industry Group Co., Ltd. | ASML Holdings N.V. | Sharp Corporation
The Asia?Pacific region held the largest market share in 2014 (over 37.5%) and was also the fastest?growing region.
Key growth drivers of the semiconductor lasers market include rising adoption in defense and healthcare, compact size, low power use, high efficiency, and cost-effectiveness. Demand is also fueled by medical applications and growing needs for advanced data storage.
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