The Visible And UV Laser Diode by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Visible And UV Laser Diode, 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.
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.
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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
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.
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
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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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