Press release
The Intersection Of IoT Expansion And Edge-Emitting Laser Market: A Key Factor Shaping the Future of the Edge Emitting Laser Market in 2025
Edge Emitting Laser Market Growth
The increased adoption of the Internet of Things (IoT) is anticipated to propel the edge-emitting laser market. IoT involves connecting devices that share data over the internet, creating efficiencies and cost savings. Edge-emitting lasers play a key role in IoT by enabling high-speed, efficient data transmission, and contributing to energy efficiency. The number of IoT connections globally is expected to rise from 15.1 billion in 2021 to 23.3 billion by 2025. Therefore, the rise of IoT adoption is driving growth in the edge-emitting laser market.
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What is the projected compound annual growth rate (CAGR) of the edge emitting laser market from 2025 to 2034, and what factors influence it?
The edge emitting laser market is expected to grow from $1.8 billion in 2024 to $2.05 billion in 2025, at a CAGR of 13.8%. The growth can be attributed to expanding applications in healthcare and medical sectors, higher demand for laser diodes in automotive headlights, use in automotive lidar applications, growing interest in 3D scanning and printing, and market expansion in the automotive industry.
The edge emitting laser market is expected to experience rapid growth, reaching $3.4 billion by 2029 at a CAGR of 13.5%. This growth is attributed to increasing optical fiber communication, rising data traffic, the lasers' efficiency in producing single wavelength beams, their use in fiber optics, and growing adoption in medical applications. Major trends include the demand for high-speed communication, use in instrumentation, adoption in smart displays, and applications in AR and VR devices.
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How are the latest trends influencing the growth of the edge emitting laser market?
Companies in the edge-emitting lasers market are developing GaN (gallium nitride) laser technology to enhance performance and expand applications. For example, in September 2022, Kyocera Corporation, a Japanese electronics firm, launched the smallest mass-produced GaN laser chip, designed for use in next-gen automotive displays and AR/VR applications. These lasers are known for their high performance and small size, making them essential for advanced technologies like augmented reality.
What are the major segments of the edge emitting laser market and their role in driving growth?
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
Subsegments:
1) By Distributed Feedback Laser: Single-Mode DFB Laser, Multi-Mode DFB Laser
2) By Distributed Bragg Reflector Laser: Single-Mode DBR Laser, Multi-Mode DBR Laser
3) By Fabry-Pérot Laser: Single-Mode Fabry-Pérot Laser, Multi-Mode Fabry-Pérot Laser
4) By Broad Area Laser Diode: High-Power Broad Area Laser Diodes, Low-Power Broad Area Laser Diodes
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Which regions are key players in the growth of the edge emitting laser market?
North America was the largest region in the edge emitting laser market in 2023. The regions covered in the edge emitting laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the edge emitting laser market?
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
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What Is Covered In The Edge Emitting Laser Global Market Report?
•Market Size Forecast: Examine the edge emitting laser market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the edge emitting laser market for a structured understanding.
•Key Players Overview: Analyze major players in the edge emitting laser market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the edge emitting laser market.
•Segment Contributions: Evaluate how different segments drive overall growth in the edge emitting laser market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the edge emitting laser market.
•Industry Challenges: Identify potential risks and obstacles affecting the edge emitting laser market.
•Competitive Landscape: Review strategic developments in the edge emitting laser market, including expansions, agreements, and new product launches.
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