Press release
Visible And UV Laser Diode Market Growth Accelerates: Strategic Forecast Predicts $4.68 Billion by 2029
Visible And UV Laser Diode
What Will the Visible And UV Laser Diode Industry Market Size Be by 2025?
The visible and uv laser diode market size has grown strongly in recent years. It will grow from $3.47 billion in 2024 to $3.65 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to rise in demand for consumer electronics, advancements in medical devices, expanding applications in material processing, growth in industrial and manufacturing sectors, growth in automotive lidar applications.
What's the Long-Term Growth Forecast for the Visible And UV Laser Diode Market Size Through 2029?
The visible and uv laser diode market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increased adoption in communication networks, growing demand for high-precision sensing, advancements in military and defense applications, increasing role in environmental sensing, global events and security concerns. Major trends in the forecast period include advancements in laser display technologies, rise in lidar applications, 3d sensing technology, technological miniaturization, strategic partnerships and collaborations, advancements in healthcare technologies.
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What Are the Key Growth Drivers Fueling the Visible And UV Laser Diode Market Expansion?
The rising adoption across the automotive sector is driving the demand for the visible and UV laser diode market. The automotive sector refers to the sector that encompasses businesses involved in the creation, distribution, sale, and upkeep of automobiles. Visible and UV laser diodes are used for distance measurement in automotive driver assistance systems. For instance, in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry in 2023 experienced notable growth, with total vehicle production reaching 93546599 units, a significant increase from the 85016728 units produced in 2022. Therefore, the rising adoption across the automotive sector is driving the growth of the visible and UV laser diode market.
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What Are the Key Trends Driving Visible And UV Laser Diode Market Growth?
Product innovation is a key trend in the visible and UV laser diode market. Major companies operating in the visible and UV laser diode market are developing innovative products by improving the laser design using multi-quantum wells of electro-absorption modulators for high-speed operations and lowering the inductance of the wires by joining small wires for high bandwidth. For instance, in September 2022, ProPhotonix, a US-based company engaged in manufacturing light laser modules, launched UV Industrial Laser Modules at 375nm based on laser diode technology. The robust and dependable high-performance UV Industrial Lasers have unique power outputs of up to 30mW and provide outstanding bore-sighting (0.25° off-axis) with only a 19mm diameter.
How Is the Visible And UV Laser Diode Market Segmented?
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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Which Companies Are Leading the Charge in Visible And UV Laser Diode Market Innovation?
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
Which Regions Are Leading the Global Visible And UV Laser Diode Market in Revenue?
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
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