Visible and UV Laser Diode Market Size Worth $4,497.40 Million By 2028 | CAGR 5.3%: The Insight Partners

According to the new research report published by The Insight Partners, titled "Visible and UV Laser Diode Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application," the market is expected to grow from US$ 3,565.80 million in 2021 to US$ 5,119.80 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

The increasing uptake of multi-mode diode lasers and visible and UV laser diodes across the automotive industry has been driving the market over the years. However, the high uptake of LEDs over laser diodes is restricting the global market's growth. The rise in strategic initiatives among leading players and the surging uptake of visible and UV laser diodes for medical applications are expected to contribute substantially to the global market over the forecast period.

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In August 2020, Sheaumann Laser, Inc.-a semiconductor laser manufacturer based in the US-relocated to its new 57,800 square-foot headquarters at 5 Federal Street in Billerica, Massachusetts. Sheaumann will be able to dramatically increase its personnel and manufacturing capacities as a result of this move, which will allow the company to fulfill the growing demand for laser-based solutions across a variety of industries. Sheaumann is one of the few laser manufacturers in the US that is vertically integrated.

The COVID-19 pandemic had a marginal impact on the global visible and UV laser diode market due to the lack of unavailability of labor globally, which led to a slowdown in the market. Many electronic and semiconductor manufacturing facilities were shut down during the initial phase of the COVID-19 pandemic. Furthermore, during the initial phase of the COVID-19 pandemic, the travels ban resulted in significant and long-term drop-in manufacturing utilization, and facility closers kept workers out of their factories. However, during the post-outbreak of COVID-19, the visible and UV laser diode market is expected to recover rapidly thanks to the government favorable policy support economic recovery. Thus, the fluctuation in demand for the visible and UV laser is expected for a short period due to rising defense budgets and rising geographical tension between the neighboring countries.

UV lasers have extraordinarily high photon energy, allowing them to address a wide range of applications that infrared lasers cannot. The third and fourth harmonics of Nd: YAG, which have wavelengths of 355 nm and 266 nm, respectively, are the most popular UV laser sources. While 355 nm and 266 nm are the most frequent UV laser wavelengths, several other Nd: YAG lines can be frequency-doubled and tripled to produce a wide range of UV wavelengths. The electric field density of the laser must be extraordinarily high to create these higher-order harmonics. As a result, the q-switching capability is the most common feature of these lasers. Continuous-wave (CW) UV laser diodes with single-mode and multi-mode beam profiles and free-space or fiber-coupled outputs are also available at 375 nm. Micromachining, laser-induced breakdown spectroscopy (libs), fluorescence lifetime, and Raman spectroscopy are some of the common applications of UV laser diodes.

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UV lasers have extraordinarily high photon energy, allowing them to address a wide range of applications that infrared lasers cannot. The third and fourth harmonics of Nd: YAG, which have wavelengths of 355 nm and 266 nm, respectively, are the most popular UV laser sources. While 355 nm and 266 nm are the most frequent UV laser wavelengths, several other Nd: YAG lines can be frequency-doubled and tripled to produce a wide range of UV wavelengths. The electric field density of the laser must be extraordinarily high to create these higher-order harmonics. As a result, the q-switching capability is the most common feature of these lasers. Continuous-wave (CW) UV laser diodes with single-mode and multi-mode beam profiles and free-space or fiber-coupled outputs are also available at 375 nm. Micromachining, laser-induced breakdown spectroscopy (libs), fluorescence lifetime, and Raman spectroscopy are some of the common applications of UV laser diodes.

Visible and UV laser diode Market: Competitive Landscape and Key Developments

ASML Holding NV; Coherent, Inc.; IPG Photonics; Newport Corporation; Nuvoton Technology Corporation; ProPhotonix; Jenoptik AG; Sheaumann Laser, Inc.; Osram Licht AG; and TRUMPF Group are among the key players operating in the visible and UV laser diode market are profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the market and its ecosystem.

OSI LaserDiode; TRUMPF; NICHIA CORPORATION; Newport Corporation; OSRAM International GmbH. are some of the key market players operating in the global visible and UV laser diode market. The listing of key players is derived by considering multiple factors such as overall revenue, visible and UV laser diode product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the visible and UV laser diode ecosystems which were studies analyzed during the course of this market research study, such as ASML; Coherent, Inc.; IPG Photonics Corporation; Nuvoton Technology Corporation; Jenoptik AG; Sheaumann Laser, Inc.; and BLUGLASS LIMITED. Most of the market initiatives were observed in North America region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:

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2022: MKS Instruments, Inc. stated that it has entered into a formal agreement to purchase Photon Control Inc. for CAD$ 3.60 per share in an all-cash deal valued at approximately CAD$ 387 million, with a CAD$ 343 million enterprise value.

2021: MKS Instruments, Inc. announced confirmation of an order for the ESI Geode HDI via drilling system from TTM Technologies, Inc., a major technology leader in the HDI PCB manufacturing market, for their facility in Guangzhou, China. The financial terms of the order were not disclosed.

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