Overview and Scope
The visible laser diode is a laser having center wavelengths ranging from 404 nanometres to 690 nanometres, and in which diodes are set concerning wavelength and then power. However, UV laser diodes typically range in wavelength from 200 nm to 389 nm and have exceptionally high photon energies. The visible and UV laser diodes are used in lithography, medicine, micromachining, cleaning, and semiconductor processing.
Sizing and Forecast
The visible and uv laser diode market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. 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..
The visible and uv laser diode market size is expected to see strong growth in the next few years. It will grow to $4.51 billion in 2028 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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Segmentation & Regional Insights
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
North America was the largest region in the visible and UV laser diode market in 2023. 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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Major Driver Impacting Market Growth
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 September 2022, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry, the European Union’s new passenger car registrations rose by 9.6% from September 2021. Therefore, the rising adoption across the automotive sector is driving the growth of the visible and UV laser diode market.
Key Industry Players
Major companies operating in the visible and UV laser diode market are focused on developing advanced products such as Deep Ultraviolet (Deep UV) lasers to gain competitive advantage. Deep Ultraviolet (Deep UV) lasers are devices that emit light in the short-wavelength range of approximately 100 to 400 nanometers. For instance, in January 2023, IPG Photonics Corporation, a US-based company specializing in fiber laser technology, introduced three advanced Deep Ultraviolet (Deep UV) lasers featuring proprietary non-linear crystals. These lasers offer enhanced reliability and flexibility compared to conventional frequency conversion materials, catering to various industries and micromachining applications. The product lineup includes a 3-watt continuous wave, single-frequency fiber laser at 266 nm for applications such as inspection and spectroscopy, a 5-watt nanosecond pulsed fiber laser at 266 nm for precision tasks on challenging materials, and a 5-watt picosecond pulsed fiber laser at 257 nm designed for micro-cutting and drilling in applications such as PCBs and flat panel displays.
The visible and uv laser diode market report table of contents includes:
1. Executive Summary
2. Visible And UV Laser Diode Market Characteristics
3. Visible And UV Laser Diode Market Trends And Strategies
4. Visible And UV Laser Diode Market – Macro Economic Scenario
5. Global Visible And UV Laser Diode Market Size and Growth
….
31. Global Visible And UV Laser Diode Market Competitive Benchmarking
32. Global Visible And UV Laser Diode Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Visible And UV Laser Diode Market
34. Visible And UV Laser Diode Market Future Outlook and Potential Analysis
35. Appendix
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