Semiconductor Lasers Market to Exhibit 7.10% CAGR, Driven by Diverse Applications Across Industrial Sectors

As semiconductor laser technology rapidly emerges as an integral part of modern laser-based systems, the demand for the same will correspondingly rise, surpassing the market for conventional lasers. Laser diodes exhibit diverse applications in communications, CD players, industrial processing machineries, laser printers, and research and development. A new report by Transparency Market Research (TMR), titled “Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” presents a holistic overview of the present dynamics and growth potential of the global semiconductor lasers market. As per the findings of the report, the global semiconductor lasers market, which stood at US$4.8 bn in 2013, is anticipated to reach US$7.7 bn by the end of 2020. If the figures hold true, the market will exhibit a CAGR of 7.10% between 2014 and 2020.

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A semiconductor laser diode offers multiple advantages over conventional laser systems such as gas lasers or solid state lasers due to their small size, light weight, low current and power requirements, low voltage, low maintenance, wide-angle beam, and high electrical efficiency. Hence, the application of semiconductor lasers has expanded to consumer electronics, medical, and other growing sectors. While the low output of semiconductor lasers limits their adoption in high-power industrial applications and deep space communication, the development of novel designs and materials intended to improve the output power of semiconductor lasers will help manufacturers mitigate the challenge in the forthcoming years.

The various types of semiconductor lasers available in the market include compact disc lasers, fiber optic lasers, red lasers, vertical cavity surface emitting lasers, green lasers, violet lasers, and blue lasers. Among these, fiber optic lasers accounted for the largest share of the semiconductor lasers market owing to their use in communication applications. Fiber optic lasers will witness a steady rise in demand for marine and space communications and high broadband services. However, during the report’s forecast period, high-power diode lasers are expected to witness the fastest growth due to their increasing application in solid-state laser pumping, material processing, space communication, fiber laser pumping, optoelectronics manufacturing, and defense. In the meantime, red lasers will be rapidly replaced by blue, green, and violet lasers for application in defense, printing, and optical storage devices.

Among the key application segments, semiconductor lasers are demanded the most for communication applications, which also held the largest share of the global semiconductor lasers market. However, in the near future printing application segment is likely to exhibit the fastest growth in demand. Furthermore, the market will also witness increasing demand from display manufacturing, sensors manufacturing, healthcare industry, and industrial machinery.

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Regionally, Asia Pacific held a dominant 37.5% of the global semiconductor lasers market in 2013. The region is also likely to exhibit the fastest growth during the forecast period due to rapid industrialization witnessed by the region and increasing demand for computers.

The report provides a comprehensive blueprint of the global semiconductor lasers market, covering a top-down analysis of the competitive landscape. Some of the companies profiled for the purpose of the study include Coherent Inc., Rofin-Sinar Technologies Inc, Trumpf GmbH + Co KG, ASML Holding NV, Newport Corp., Axcel Photonics Inc., and IPG Photonics Corp. Of these companies, Coherent Inc., has emerged as the leading supplier of semiconductor lasers worldwide.

The semiconductor lasers market is segmented as below:

By Type

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
Blue lasers
By Application

Optical storage devices
Lithography
Healthcare
Defense and R&D
Sensors
Display
Printing
Communication
Industrial

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.