Press release
Edge Emitting Laser Market Size, Share, Trends, Growth And Outlook By 2033
Edge Emitting Laser Market Size
As per the report, the edge emitting laser market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.80 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The edge emitting laser market size is expected to see rapid growth in the next few years. It will grow to $3.00 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
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The Intersection Of IoT Expansion And Edge-Emitting Laser Market
The rise in the adoption of internet-of-things (IoT) is expected to propel the growth of the edge-emitting laser market going forward. The internet of things (IoT) refers to the network of interconnected devices embedded with sensors, software, and other technologies that enable them to collect and exchange data over the internet. The adoption of the internet of things (IoT) is due to increased efficiency and cost savings, remote operations enhancement, and revenue generation. Edge-emitting lasers support the IoT ecosystem by providing high-speed, reliable, and efficient data transmission, enabling precise sensing capabilities, and contributing to IoT systems' overall energy efficiency and security. For instance, in January 2022, data from the GSM Association, a UK-based non-profit industry organization, global Internet of Things (IoT) connections are expected to surge to 23.3 billion by 2025, a notable increase from the 15.1 billion connections recorded in 2021. Therefore, the rise in the adoption of internet-of-things (IoT) is driving the growth of the edge-emitting laser market.
Leading Companies In Edge-Emitting Lasers Pioneering Gallium Nitride (GaN) Technology
Major companies operating in the edge-emitting lasers market are focused on developing innovative products, such as gallium nitride (GaN) laser technology, to enhance performance, improve efficiency, and expand the range of applications. Gallium nitride (GaN) laser technology uses GaN as the semiconductor material to produce high-performance lasers. These edge-emitting GaN lasers are known for their ability to emit light in the blue and ultraviolet (UV) spectrum, providing several advantages over traditional laser technologies. For instance, in September 2022, Kyocera Corporation, a Japan-based electronics company, launched a GaN laser chip, the smallest mass-produced from a silicon working substrate. This GaN laser chip is designed for micro-light sources, crucial for next-generation automotive transparent displays and micro-light sources for augmented reality (AR) and virtual reality (VR) applications. These micro-light sources offer key performance advantages such as higher definition, smaller size, and lighter weight, making them essential for various industries.
The edge emitting laser market covered in this report is segmented -
1) By Product Type: Distributed Feedback Laser, Distributed Bragg Reflector Laser, Febry Perot Laser, Broad Area Laser Diode
2) By Application: Optical Communication, Material Processing , Medical Surgery, Displays, Research And Development, Other Applications
3) By Industry: Defense And Sensing, Medical And Life Sciences, Optics And Photonic, Electronics, Oil And Gas, Other Industries
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Major companies operating in the edge emitting laser market are Sony Corporation, EMCORE Corporation, TRUMPF Group, ams OSRAM AG, Coherent Inc., MKS Instruments Inc, Hamamatsu Corp., Lumentum Operations LLC, Finisar Corporation, Anritsu Co., MACOM Technology Solutions Inc., Jenoptik AG, Evatec AG, RPMC Lasers Inc., RMI Laser LLC, Modulight Inc., AdTech Optics Inc., Innolume GmbH, Optilab LLC, LNA Laser, NTT Electronics Corp, Photodigm Inc., Eagleyard Photonics, Frankfurt Laser Company, Hi Tech Engineers
Contents of the report:
1. Executive Summary
2. Edge Emitting Laser Market Report Structure
3. Edge Emitting Laser Market Trends And Strategies
4. Edge Emitting Laser Market - Macro Economic Scenario
5. Edge Emitting Laser Market Size And Growth
…..
27. Edge Emitting Laser Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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