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Evolving Market Trends In The Edge Emitting Laser Industry: Leading Companies In Edge-Emitting Lasers Pioneering Gallium Nitride (GaN) Technology
Edge Emitting Laser
What Is the Expected Edge Emitting Laser Market Size During the Forecast Period?
The edge emitting laser market size has grown rapidly in recent years. It will rise from $1.8 billion in 2024 to $2.05 billion in 2025, with a compound annual growth rate (CAGR) of 13.8%. This growth is attributed to expanding applications in healthcare, increased demand for laser diodes in automotive headlights, use in lidar applications, a preference for 3D scanning and printing, and market expansion in the automotive industry.
The edge emitting laser market is expected to grow rapidly, reaching $3.4 billion by 2029 at a CAGR of 13.5%. Growth factors include increased use in optical fiber communication, rising information traffic, the efficiency of edge emitting lasers in producing single wavelength laser beams, their use in medical applications, and the expansion of optical fiber communication. Key trends include demand for high-speed communication, the use of lasers in instrumentation and sensors, adoption in smart displays, and applications in augmented reality and virtual reality devices.
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What Are the High-Growth Segments in the Edge Emitting Laser Market?
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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What Key Drivers Are Expected to Influence Future Edge Emitting Laser Market Growth?
Increasing IoT adoption is expected to promote the edge-emitting laser market. As IoT devices require efficient data transfer, edge-emitting lasers enable faster, secure communication. In January 2022, GSM Association projected global IoT connections to jump from 15.1 billion in 2021 to 23.3 billion by 2025. Hence, the growing IoT ecosystem is powering the edge-emitting laser market.
Which Companies Hold the Largest Share Across Different Edge Emitting Laser Market Segments?
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
What Trends Are Driving Growth in The Edge Emitting Laser Market?
Companies in the edge-emitting lasers market are advancing laser technology with gallium nitride (GaN) to improve performance and efficiency. In September 2022, Kyocera Corporation, a Japan-based electronics company, launched a GaN laser chip designed for micro-light sources used in automotive displays and augmented reality applications. These lasers offer high definition, small size, and light weight, making them ideal for next-generation technologies in various industries.
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What Are the Emerging Geographies for The Edge Emitting Laser Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Edge Emitting Laser Market?
2. What is the CAGR expected in the Edge Emitting Laser Market?
3. What Are the Key Innovations Transforming the Edge Emitting Laser Industry?
4. Which Region Is Leading the Edge Emitting Laser Market?
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