Semiconductor Laser Market is anticipated to grow significantly in the forecast period owing to its application in defense industry due to features like small body, long life, light weight and better efficiency. Semiconductor lasers are more efficient and enhanced than the traditional lasers. They are similar to the transistor and can potentially perform operations like LED. Semiconductors are smaller in size, highly efficient for all types of applications and energy and cost effective.
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The key driving factors responsible for the growth of Semiconductor
Laser market :
Semiconductor laser industry is
influenced by growing demand for consumer devices that is propelling the demand
for semiconductor lasers since they are used for multiple manufacturing
practices. Moreover, incorporation of OLED technology in mobile phones is
fueling the semiconductor lasers market. However, undefined life of laser
diodes are hampering the market growth of semiconductor laser. Besides sudden
failure, laser diodes are expected to degrade in future due to several reasons.
Introduction of additive
manufacturing and 3D printing has progressed over the years as prominent
energy-efficient and eco-friendly technology. This technology delivers improved
efficiency with least consumption of materials. These trends are increasingly
affecting semiconductor laser industry thereby influencing its growth.
Semiconductor laser market is
categorized on the basis of type, end user and geography. On the basis of type,
the market is divided into compact disc lasers (CDL), fiber optic lasers (FOL),
high power diode lasers (HPDL), vertical cavity surface emitting lasers
(VCSEL), violet lasers, red lasers, blue lasers and green lasers. Fiber optic
lasers (FOL) are estimated to hold larger market share of semiconductor laser
due to extensive use in communication and increase in demand for high broadband
services.
Based on end users, semiconductor
lasers industry is divided into healthcare, communication, industrial, optical
storage devices lithography, defense and Research & Development, sensors,
printing and display. Industrial segment is expected to hold larger market
share of semiconductor laser due to extensive use in several applications.
Also, communication segment accounted for maximum share owing to wide
applications.
Geographically, semiconductor
laser market is segmented as North America, Latin America, Europe, Asia Pacific
and Middle East & Africa. Owing to growing industrialization and
developments, Asia Pacific is predicted to dominate the market of semiconductor
laser in the coming years.
The prominent players in
semiconductor laser industry are ASML Holdings N.V., Newport Corporation, Sharp
Corporation, Coherent Inc., IPG Photonics Corporation, Han’s Laser Technology
Industry Group Co. Ltd., Sumitomo Electric Industries, Ltd., Rofin-Sinar
Technologies Inc., TAxcel Photonics Inc. and Trumpf GmbH + Co. KG.
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