Laser Diode Market Trends to 2025 Leading by Newport Corp., ASML Holding NV, Axcel Photonics, IPG Photonic Corp., Coherent, Inc.

According to a new market research study titled 'Laser Diode Market to 2025 - Global Analysis and Forecasts by Doping Materials, Wavelength and Applications', the global laser diode market was valued at US$ 6.13 Bn in 2015 and is estimated to reach US$ 17.70 Bn by 2025. The report highlights the global market trend and the factors driving the market, as well as the deterrents to its growth, prevalent in the market.

Laser diodes owing to a number of advantageous features offered by them, are rapidly becoming a vital part of modern technology and are being utilized in various applications. Laser marking tool is a reliable technology offering easy assistance and better efficiency. There are several laser marking options available in the market with different specifications and uses.

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Leading Players:

- ASML Holding NV
- Axcel Photonics, Inc.
- Coherent Inc.
- IPG Photonics Corp.
- Newport Corp.
- Rofin-Sinar Technologies Inc.

Before the laser technology was introduced, there were several other printing methods in vogue such as acid etching chemicals and ink. However, these technologies do not suit the ever-increasing array of designs and materials nowadays. These traditional marking and engraving methods are now considered to be useless or are prohibited by the government due to their harmful after effects. Thus, new government policies and regulations to dispose traditional markings and replacing them with environment friendly and cleaner laser technology are expected to boost the global laser diode market.

China led the laser diode market in Asia Pacific (APAC) in 2015 and is expected to continue its dominance by rising at a CAGR of 11.8% during the forecast period from 2015 to 2025. Increasing demand for advanced technology in the healthcare and industrial markets is driving the growth in the laser industry. Moreover, there is a sharp rise in demand for laser diodes within the defense & security verticals for applications such as neutralization of the opponent's weapon systems, airborne laser mine detection system (ALMDS), range finding, anti-missile systems, and target designation.

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The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications. It is anticipated that the fiber laser technology would evolve during the forecast period and 100 Gb/s would become the norm with the focus shifting to the metro/regional landscapes. Furthermore, North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.

The global laser diode market has been bifurcated on the basis of wavelength into red laser diode, blue-violet laser diode, blue laser diode, infrared laser diode, and others (ultraviolet and green) laser diodes. The visible range for human eye is 400 nm - 700 nm, while the highest possible wavelength seen by the human eye is 555 nm. Green laser diode being the nearest to the peak of the eye's sensitivity is a standout when compared to the other laser diodes such as blue, violet, and red.

Brazil led the South America (SAM) laser diode market in 2015 and is likely to continue its dominance by expanding at a CAGR of 12.2% during the forecast period from 2015 to 2025. Brazil boasts of the largest manufacturing sector in SAM, which accounts for nearly one-third of SAM's GDP. Brazil has an array of industries ranging from automobile, steel, and petrochemicals to computers, aircrafts, and consumer durables that deploy laser diodes in their applications.

Laser diodes are also used in surgeries due to their features which include a diverse range of operating wavelengths. Furthermore, laser diodes can also be modulated directly by using frequencies up to GHz range in high-speed communications. Thus, there is no delay in the input of operating surgeon and output of laser radiation. In addition, laser diodes are easily adjustable in terms of power output from 0% to 100%, thereby providing flexibility in the dosage of laser output. On the other hand, solid state lasers have restrictive adjustable power output ranging from 60% to 100%. This feature makes laser diodes the perfect tool for medical and healthcare applications. Thus, the expansion of electronics and healthcare industries complements the growth of the laser diode market owing to the substantial utilization of laser diodes across various applications in these industries.

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This release was published on openPR.