Market Overview:

Global Laser Diode Market Size was valued at USD 6.72 Billion in 2023. The market Technology is projected to grow from USD 7.66 Billion in 2024 to USD 21.74 Billion by 2032, exhibiting a CAGR of 13.93% during the forecast period (2024 - 2032).

The market for laser diodes is expanding significantly due to a multitude of factors affecting different sectors. Due to their efficient and dependable performance, laser diodes are becoming more and more in demand in the telecommunications industry as high-speed data transmission becomes necessary. Analogously, the consumer electronics sector has saw an increasing use of laser diodes in applications such as laser pointers and displays, which have improved user experiences and made sophisticated functionality possible. Furthermore, the growth of the automotive sector has increased the need for laser diodes, especially in autonomous vehicles and advanced driver-assistance systems (ADAS), where they are essential for sensing and steering. Additionally, laser diodes have been widely used in the medical profession, particularly in laser surgery, ophthalmology, & dermatological equipment and treatments. The need for better medical procedures has increased as a result of their accuracy and efficacy. The market's expansion has also been significantly aided by technological innovations. For example, laser diode technology has seen improvements in power output and efficiency, which have increased its dependability and versatility. The industrial sector has boosted the market for laser diodes by using them for laser cutting, welding, & material processing applications because of their accuracy and speed.

Furthermore, laser diodes are used in the aerospace and defense industries for guiding systems, rangefinding, and target acquisition, which improves accuracy and expands their capabilities. Barcode scanning, optical storage, printing applications, and the semiconductor and electronics manufacturing sectors—where laser diodes are employed in lithography and inspection systems—are among the other industries propelling the market's expansion. Because laser diodes operate with accuracy and dependability, their use in spectroscopy, scientific research, and bioimaging applications has increased significantly.

Market Dynamics:

Market Drivers:

Using Lasers in Healthcare and Medical to Foster Market Growth

• In recent times, laser diodes have gained increasing demand in the healthcare sector because of their capacity to assist doctors in sustaining intersections surrounding by reluctance while helping them focus the beam on specified locations with more precision. However, polymer processing—the process of creating plastics for medical devices—uses these lasers. Requirements for cosmetic surgical procedures, such as non-surgical and surgical cosmetic surgeries through reconstruction as well as augmentation of body structure, for example, show that in 2018, approximately 18 million Americans had wrinkles. Improved energy treatment cosmetic programs include non-invasive cosmetics like size correction and surgical pigmentation and tattoo removal.

Growing Demand for Laser Diodes in Industrial Applications

• The growing need for lasers in a range of industrial settings. Due to their exceptional accuracy, durability, and effectiveness, lasers with diodes are widely used in industrial processes like laser cutting, welding, presentation, inscription, and 3D printing. Laser diodes are used in the microfabrication, PCB drilling, semiconductors wafer processing, & medical device manufacturing industries as well as in the automobile, aerospace, electronics, healthcare, & semiconductor manufacturing sectors. Furthermore, driving the market for laser diodes—essential components of machine tools and laser systems—is the growing adoption of robotics, automation, and additive manufacturing technologies. This will drive market growth in the laser diode market.

Market Trends:

Rapid Growth in Automotive LiDAR Applications

• The quick development of LiDAR (light detection & ranging) application for cars. In order to provide extremely accurate three-dimensional mapping and obstacle identification in autonomous vehicles & advanced driver-assistance systems (ADAS), LiDAR technology uses laser diodes to produce laser pulses & measure the time it takes for the light to return after impacting objects. In the automotive industry approaches the point of autonomous driving, there is an increasing demand for LiDAR systems equipped with laser diodes. To improve vehicle safety, navigation, & perception skills, automotive manufacturers & technology firms are making significant investments in LiDAR development. The goal of manufacturers is to provide tiny, high-power laser diodes that are economical and suitable for LiDAR applications in the automotive industry.

Emergence of High-Power and Wavelength-Diverse Laser Diodes

• The rise of high-power & wavelength-diverse laser diode technologies is the laser diode market. Larger output abilities, longer wavelength ranges, and more efficient laser diodes are now achievable thanks to advancements in materials science, optical design, & semiconductor manufacturing processes. High-power laser diodes are used in commercial cutting, welding, & material processing, where a higher laser intensity is needed to ablate material more quickly and precisely. Furthermore, wavelength-diverse laser diodes serve a broad range of applications in scientific study, spectroscopy to medical imaging, & communications. The above laser diodes can produce output that is tunable or multi-wavelength, leading to for flexibility and adaptability in meeting a range of application requirements. Market growth and distinctiveness in the laser diode sector are fueled by the advent of high-power & versatile wavelength laser diodes, which open up new possibilities for customisation and innovation in a variety of industries.

Market Restraining Factors:

Growing Business Concerns for Environmental Issues

Growing environmental concerns over rare earth mining are expected to hinder the growth of the global laser diode market over the span of the forecast period. Among the rare earth elements are the fifteen lanthanides (terbium, scandium, cerium, this element, neodymium, praseodymium, lanthanum, titanium, samarium, and others) and two transition elements. These elements are widely recognized for their magnetic and photoelectrochemical properties. These materials are used in the optical industry for plasma telescope lights, microscopes, and perceptive lenses. However, the extraction of rare earth elements is linked to environmental concerns. Furthermore, reducing scarcity releases harmful by-products into the land, water, and atmosphere.

Report Coverage

The report will cover the qualitative and quantitative data on the global Laser Diode Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

By Wavelength, (Infrared Laser Diodes, Red Laser Diodes, Blue Laser Diodes, Blue Violet Laser Diodes, Green Laser Diodes, Ultraviolet Laser Diodes), By Doping Material, (Gallium Aluminum Arsenide (GaAIAs), Gallium Arsenide (GaAs), Gallium Indium Arsenic Antimony (GaInAsSb), Aluminum Gallium Indium Phosphide (AIGaInP), Indium Gallium Nitride (InGaN), Gallium Nitride (GaN), Others (Indium Gallium Arsenide Phosphide (InGaAsP), Gallium Phosphide (GaP), and Gallium Antimonide (GaSb)), By Technology (Double Hetero Structure Laser Diodes, Quantum Well Laser Diodes, Quantum Cascade Laser Diodes, Distributed Feedback Laser Diodes, SCH Laser Diodes, Vertical Cavity Surface Emitting Laser (VCSEL) Diodes, Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes)), By Application, (Telecommunication, Industrial, Medical & Healthcare, Military & Defence, Consumer Electronics, Automotive, Others (Media & Entertainment, Research & Education, Agriculture))

Report Scope and Segmentations:

Key Companies in the market include:

• Coherent Inc.
• BluGlass Limited
• Frankfurt Laser Company
• Infineon Technologies AG
• IPG Photonics Corp.
• Kyocera Corp.
• Newport Corp.
• Rofin-Sinar Technologies Inc.
• ROHM Co., Ltd.
• Sharp Corporation
• Sumitomo Electric Industries, Ltd.
• Trumpf GmbH + Co. KG
• Power Technology, Inc.
• Thorlabs, Inc.

Key Industry Developments:

• In April 2022, Lumentum introduced the FemtoBlade laser system, which is the second generation of the company’s portfolio of high-precision ultrafast industrial lasers. The new system features a modular design, which offers high power at high repetition rates, thus ensuring better flexibility and faster processing speed.
• In April 2022, MKS Instruments announced an agreement with Atotech Limited to extend the date for completing previously announced and pending acquisition of Atotech to September 30, 2022.
• In March 2022, Ushio launched deep red color (670~690 nm) laser diodes for biomedical applications. These laser diodes have been used for many applications, such as industrial and measurement.
• In August 2022, Lumentum acquired NeoPhotonics Corporation with the aim to expand its business in the areas of optoelectronics, lasers, and cloud networking infrastructures.

Segmentation Insights:

The market scope is segmented because of by Wavelength, by Doping Material, by Technology, by Application.

By Wavelength

Based on the Wavelength of the market is segmented into Infrared Laser Diodes, Red Laser Diodes, Blue Laser Diodes, Blue Violet Laser Diodes, Green Laser Diodes, Ultraviolet Laser Diodes.

Red laser diode expected to hold the second largest share of laser diode market during forecasted period

According to projections, red laser diodes are anticipated to account for the second-largest proportion of the laser diode market.

Red laser diodes find diverse uses, including pumping specific solid-state lasers, interferometers, military, industry, photodynamic therapy, laser projection displays, and laser pointers for optical data recording or retrieval (e.g., on DVDs).

For medical applications, numerous businesses are creating red laser diodes. For instance, in February 2020, Ushio Opto Semiconductors launched a 660 nm red laser diode for sensing and bio-medical applications.

By Doping Material

Based on the Doping Material of the market is segmented into Gallium Aluminum Arsenide (GaAIAs), Gallium Arsenide (GaAs), Gallium Indium Arsenic Antimony (GaInAsSb), Aluminum Gallium Indium Phosphide (AIGaInP), Indium Gallium Nitride (InGaN), Gallium Nitride (GaN), Others (Indium Gallium Arsenide Phosphide (InGaAsP), Gallium Phosphide (GaP), and Gallium Antimonide (GaSb).

Gallium aluminum arsenide (GaAlAs) to hold the second largest share in laser diode market in 2023. To create gallium arsenide (GaAs) heterostructure lasers, gallium aluminium arsenide (GaAlAs) based laser diodes can be readily integrated with other optical devices.

Ultra-small GaAlAs-based laser diodes can be used in a variety of practical applications by effectively reducing their size and weight. GaAlAs laser diodes are provided, among others, by Sheaumann, Leonardo Electronics, AKELA Laser, Frankfurt Lasers, and Micro Laser Systems.

By Technology

Based on the Technology of the market is segmented into Double Hetero Structure Laser Diodes, Quantum Well Laser Diodes, Quantum Cascade Laser Diodes, Distributed Feedback Laser Diodes, SCH Laser Diodes, Vertical Cavity Surface Emitting Laser (VCSEL) Diodes, Vertical External Cavity Surface Emitting Laser (VECSEL) Diodes.

It is anticipated that throughout the projected period, the market for laser diodes would have the quickest growth in the quantum cascade laser diode category. One type of hetero-junction laser diode is the quantum cascade laser diode, which generates laser light by utilising the difference in well energy levels.

By adjusting the thickness of the laser diode layer during production, the laser diode can produce light with a relatively long wavelength.  Spectroscopy, communications, and missile defence applications all make use of quantum cascade laser diodes. Hamamatsu Photonics, Thorlabs, Alpes Laser, Power Technologies, and other companies are the leading participants in this sector.

By Application

Based on the Application of the market is segmented into Telecommunication, Industrial, Medical & Healthcare, Military & Defence, Consumer Electronics, Automotive, Others (Media & Entertainment, Research & Education, Agriculture).

The market for laser diodes is anticipated to grow at the second-fastest rate during the projected period in the healthcare and medical application segment. Angioplasty, photodynamic treatment (PDT), ophthalmology, dermatology, gynaecology, cardiology, otology, ophthalmology, and many more medical specialties employ laser diodes.

Using low-level laser therapy to relieve muscular strain and carpal tunnel syndrome are two other medical uses for laser diodes. Early cancer diagnosis by computed tomography and laser mammography are also among them.

Hair removal is one cosmetic use for which laser diodes—particularly red, green, and blue laser diodes—are utilised. Improved vision, treatment of kidney stones, removal of spinal tumours, and retinal tears have all been demonstrated to benefit greatly from the use of laser diode technology during surgery. The 635 nm to 2000 nm wavelength range is where laser diodes for medical applications fall.

Regional Snapshots:

The Asia-Pacific laser diode market is expanding at a strong rate, mostly because of the proliferation of electronics and auto manufacturing companies as well as rising consumer spending power. Laser diodes are being used more frequently in the area to fulfil the demands of the growing automotive and consumer electronics industries, as well as the region's increasing use of smartphones and digitization of business processes. Due to the rising demand from countries like China, the Republic of Korea, India, and Singapore for smartphones and other significant consumer electronics items, more businesses are opening production facilities in the Asia-Pacific area.

The low establishment and labour costs, along with the plentiful supply of raw materials, are also assisting the corporations in opening manufacturing centres in the area. An Australian semiconductor developer, BluGlass Ltd., for example, announced in October 2019 the launch of its direct-to-market business unit that will provide GaN laser diodes with increased efficiency and brightness. The laser diodes are used in the life sciences, general and automotive illumination, industrial lasers, and displays for commercial purposes. The Asia-Pacific semiconductor market is currently leading the world in terms of demand, thanks to strong domestic demand.

With the exception of Japan, the Asia-Pacific semiconductor market was predicted by WSTS to generate revenues of approximately USD 297 billion in 2019.

In addition, Japanese researchers showed in May 2019 that a long-elusive type of organic semiconductor-based laser diode is achievable, opening the door for more laser applications in fields like optical communications, biosensing, displays, and healthcare. Rather than using inorganic semiconductors like gallium arsenide and gallium nitride, which were utilised in conventional systems, organic laser diodes create light predominantly using carbon-based organic components. Furthermore, USHIO announced the introduction of a new 660nm red laser diode in January 2020. This diode has an output power of 200mW CW/400mW pulsed. Three distinct connector types—CC, AC, or FN—are offered for this series; they are denoted as HL65221DG, HL65222DG, and HL65223DG, respectively. A monitoring photo-diode at the lasing wavelength is integrated into these high-power laser diodes.

Laser Diode Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Laser Diode Market valued?
• Which region has the largest share in 2024 for the global Laser Diode Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Laser Diode Market:

• Historic year: 2018-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million