Market Size –
The edge emitting laser market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.80 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to expansion of applications in the healthcare and medical sectors, rise in demand for laser diodes in automotive headlights, utilization in automotive lidar applications, increased preference in 3D scanning and printing applications, and market expansion in the automotive industry.
The edge emitting laser market size is expected to see rapid growth in the next few years. It will grow to $3.00 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing use of optical fiber communication, rising information traffic, edge emitting lasers’ efficiency in producing single wavelength laser beams, application in optical fiber communication, increasing adoption in medical applications. Major trends in the forecast period include demand for high-speed communication, use in instrumentation and sensors, adoption in smart displays, and application in AR and VR devices.
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Scope Of Edge Emitting Laser Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Edge Emitting Laser Market Overview
Market Drivers –
The rise in the adoption of internet-of-things (IoT) is expected to propel the growth of the edge-emitting laser market going forward. The internet of things (IoT) refers to the network of interconnected devices embedded with sensors, software, and other technologies that enable them to collect and exchange data over the internet. The adoption of the internet of things (IoT) is due to increased efficiency and cost savings, remote operations enhancement, and revenue generation. Edge-emitting lasers support the IoT ecosystem by providing high-speed, reliable, and efficient data transmission, enabling precise sensing capabilities, and contributing to IoT systems’ overall energy efficiency and security. For instance, in January 2022, data from the GSM Association, a UK-based non-profit industry organization, global Internet of Things (IoT) connections are expected to surge to 23.3 billion by 2025, a notable increase from the 15.1 billion connections recorded in 2021. Therefore, the rise in the adoption of internet-of-things (IoT) is driving the growth of the edge-emitting laser market.
Market Trends –
Major companies operating in the edge-emitting lasers market are focused on developing innovative products, such as gallium nitride (GaN) laser technology, to enhance performance, improve efficiency, and expand the range of applications. Gallium nitride (GaN) laser technology uses GaN as the semiconductor material to produce high-performance lasers. These edge-emitting GaN lasers are known for their ability to emit light in the blue and ultraviolet (UV) spectrum, providing several advantages over traditional laser technologies. For instance, in September 2022, Kyocera Corporation, a Japan-based electronics company, launched a GaN laser chip, the smallest mass-produced from a silicon working substrate. This GaN laser chip is designed for micro-light sources, crucial for next-generation automotive transparent displays and micro-light sources for augmented reality (AR) and virtual reality (VR) applications. These micro-light sources offer key performance advantages such as higher definition, smaller size, and lighter weight, making them essential for various industries.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Edge Emitting Laser Market Characteristics
3. Edge Emitting Laser Market Trends And Strategies
4. Edge Emitting Laser Market – Macro Economic Scenario
5. Global Edge Emitting Laser Market Size and Growth
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31. Edge Emitting Laser Market Other Major And Innovative Companies
32. Global Edge Emitting Laser Market Competitive Benchmarking
33. Global Edge Emitting Laser Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Edge Emitting Laser Market
35. Edge Emitting Laser Market Future Outlook and Potential Analysis
36.Appendix
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