Press release
Visible And UV Laser Diode Market Size Forecasted To Achieve $4.68 Billion By 2029 With Steady Growth
Visible And UV Laser Diode
What Is the Expected Visible And UV Laser Diode Market Size During the Forecast Period?
The market size for visible and uv laser diodes has experienced substantial growth in the past few years. The market is expected to expand from $3.47 billion in 2024 to $3.65 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The increase during the historic period can be credited to the rising demand for consumer electronics, progress in medical device technology, widening applications in material processing, expansion in industrial and manufacturing sectors, and growth in automotive lidar applications.
The market size for visible and uv laser diodes is projected to register robust growth in the coming years, reaching a value of $4.68 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%. This growth over the forecast period is primarily driven by greater adoption in communication networks, escalating demand for high-accuracy sensing, advancements in defense and military applications, an enhanced role in environmental sensing, as well as worldwide incidents and security issues. Key trends anticipated within the forecast period include advancements in laser display technologies, rising in lidar applications, 3D sensing technology, technological downsizing, strategic alliances and collaborations, along with improvements in healthcare technologies.
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What Are the Major Segments in the Visible And UV Laser Diode Market?
The visible and UV laser diode market covered in this report is segmented -
1) By Product: Single Mode, Multi-Mode
2) By Doping Material: AlGaInP, GaN, InGaN
3) By Application: Industrial, Defense, Scientific And Medical, Other Applications
Subsegments:
1) By Single Mode: Low-Power Single Mode Diodes, High-Power Single Mode Diodes
2) By Multi-Mode: Low-Power Multi-Mode Diodes, High-Power Multi-Mode Diodes
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What Are The Driving Visible And UV Laser Diode Market Evolution?
The visible and UV laser diode market is witnessing an increased demand due to its growing use in the automotive industry. This industry spans ventures that involve the manufacture, distribution, sales, and maintenance of vehicles. Visible and UV laser diodes are utilized for distance gauging in vehicle driver assistance systems. As an example, the global automotive industry saw remarkable growth in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), an international automobile manufacturers association based in France. The total vehicle production in 2023 amounted to 93546599 units, marking a considerable jump from the 85016728 units in 2022. Hence, the upswing in adoption across the automotive industry is propelling the expansion of the visible and UV laser diode market.
Which Firms Dominate The Visible And UV Laser Diode Market Segments?
Major companies operating in the visible and UV laser diode market include OSRAM International GmbH, OSI Laser Diode Inc., TRUMPF GmbH, Nichia Corporation, MKS Instruments, Thorlabs Inc., Ushio Inc., ASML Holding NV, Coherent Inc., IPG Photonics Corporation, Nuvoton Technology Corporation, Jenoptik AG, BluGlass Limited, RPMC Lasers Inc., TOPTICA eagleyard GmbH, AMS Technologies AG, Apollo Instruments Inc., B&W Tek Inc., Crystal IS Inc., DILAS Diode Laser Inc., Edmund Optics Inc., Frankfurt Laser Company, Hamamatsu Photonics K, Holo/Or Ltd, Infineon Technologies AG, Viavi Solutions Inc., Kigre Inc., Kyocera Corporation, Laser Components GmbH
What Trends Are Expected to Dominate the Visible And UV Laser Diode Market in the Next 5 Years?
In the visible and UV laser diode market, one significant trend is product innovation. The large companies in this market are pioneering novel products via enhancements to the laser design with the application of multi-quantum wells of electro-absorption modulators for swift operations and by decreasing the wire's inductance through the integration of small wires for greater bandwidth. To put it in perspective, ProPhotonix, an American-based firm that manufactures light laser modules, introduced UV Industrial Laser Modules that operate at 375nm and employ laser diode technology in September 2022. These durable and reliable top-tier UV Industrial Lasers can deliver unique power outputs up to 30mW, and possess excellent bore-sighting (0.25° off-axis) with a mere 19mm diameter.
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Which Is The Largest Region In The Visible And UV Laser Diode Market?
North America was the largest region in the visible and UV laser diode market in 2024. The regions covered in the visible and uv laser diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Visible And UV Laser Diode Market?
2. What is the CAGR expected in the Visible And UV Laser Diode Market?
3. What Are the Key Innovations Transforming the Visible And UV Laser Diode Industry?
4. Which Region Is Leading the Visible And UV Laser Diode Market?
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