Laser Diode Markets Report 2021 - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 - ResearchAndMarkets.com

The "Laser Diode Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global laser diode market reached a value of around US$ 8 Billion in 2020. Looking forward, the global laser diode market to exhibit moderate growth during the next five years.

Laser diodes are small in size, light in weight and have low power requirements which make them highly efficient in nature and ideal for portable electronic equipment. Due to this, they are used in various devices such as barcode readers, autonomous vehicles, laser printers, fiber optic communications and security systems.

Global Laser Diode Market Drivers:

• Over the past few years, the demand for laser diodes in the healthcare sector has witnessed a growth. A laser diode can assist physicians to focus the beam with better precision on targeted areas, preventing any kind of damage to the surrounding area. As a result, the employment of semiconductor laser diodes is continuously expanding in the spine, cardiovascular and cataract surgeries. Besides this, laser diodes also find vast applications in hair removal, body contouring, LASIK surgery, skin resurfacing, tattoo removal, and wrinkle and pigmentation reduction.
• In the industrial sector, laser diodes are employed in material processing owing to their advantages like compact size, low maintenance, short wavelength and high-electrical efficiency. Material processing applications involve metal welding, metal hardening, laser brazing, cladding, and cutting of metals. As material processing forms an integral part of the manufacturing process in the automotive, aerospace, heavy engineering and consumer electronics industries, the demand for laser diodes is gaining momentum.
• Researchers and developers are continuously introducing innovations in the laser diode industry so as to provide more convenience and higher accuracy at a lower price point. For instance, Coherent, one of the major players in the market, has improved the usage of laser diodes by integrating a water chiller directly into the laser head.
• In the automotive industry, laser diodes are now being used in the manufacturing of automotive headlamps as they offer the driver improved visibility, resulting in increased road traffic safety. Apart from this, they also provide the longest range in comparison with any other current headlight technology. In the upcoming years, the sales of laser diodes are expected to rise significantly in this industry on account of mounting demand for luxury vehicles, driven by inflating income levels and improving living standards.

Break up by Product Type:

On the basis of types, the market is bifurcated into injection laser diode (ILD) and optically pumped semiconductor laser (OPSL). Currently, injection laser diode represents the most popular product type, holding the majority of the market share.

Break up by Application:

Based on applications, the global laser diode market is segregated as optical storage and communication, industrial applications, medical applications, military and defense applications, and instrumentation and sensor applications. At present, industrial applications account for the majority of the market share, representing the biggest application area.

Regional Insights:

On a geographical front, Asia Pacific enjoys the leading position in the global laser diode market. Constant demand emerging for material processing in automotive, heavy industries and general manufacturing is contributing to the growth of the market in the region. Other major markets include North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is fragmented in nature with the presence of numerous small and large manufacturers who compete against one another in terms of prices, quality, and innovation.

Some of the leading players operating in the market are:

• Coherent
• IPG Photonics
• OSRAM Licht AG
• TRUMPF GmbH + Co. KG
• Jenoptik AG

Key Questions Answered in This Report:

• How has the global laser diode market performed so far and how will it perform in the coming years?
• What are the key regions in the global laser diode market?
• What has been the impact of COVID-19 on the global laser diode market?
• Which are the popular product types in the global laser diode market?
• What are the major application segments in the global laser diode market?
• What are the various stages in the value chain of the global laser diode market?
• What are the key driving factors and challenges in the global laser diode market?
• What is the structure of the global laser diode market and who are the key players?
• What is the degree of competition in the global laser diode market?
• How is laser diode manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Laser Diode Market

6 Market Breakup by Product Type

7 Market Breakup by Application

8 Market Breakup by Region

9 Laser Diode Manufacturing Process

10 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/in5tui

View source version on businesswire.com: https://www.businesswire.com/news/home/20210602005458/en/