Semiconductor Laser Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global semiconductor laser market size is expected to reach
USD 9.52 billion by 2024, according to a new report by Grand View Research,
Inc. The surging acceptance of fiber optic lasers in the communication and
connectivity verticals and the growing preference for semiconductor lasers over
other light sources are expected to boost the market growth. The increasing
deployment of semiconductor laser diodes in various application verticals has
further bolstered the industry growth. The growing usage of 3D printing in the
healthcare and architectural platforms are expected to increase the demand for
semiconductor lasers.
The semiconductor lasers can be categorized on the
basis of laser types into fiber optic lasers, vertical cavity surface emitting
lasers, compact disc lasers, high power diode lasers, red lasers, violet
lasers, green lasers, and blue lasers. The fiber optic laser segment is
expected to grow at a remarkable pace owing to the enhanced usage in the
communication and photonics segments.
The recent administrative regulations pertaining to
3D printing in the healthcare vertical in countries such as the U.S. are
further expected to throttle the industry growth. These regulations restrict
the regulated usage of 3D printing into prosthetic organs’ fabrication and
other life science-based solicitations.
However, the shortcomings of the functional and
efficient usage associated with the semiconductor lasers are expected to pose
challenges for the industry. The recent fiber optic high-speed connectivity
across the telecom industries, along with the semiconductor laser usage in flat
panel displays, is expected to impel the global semiconductor laser market
growth.
Further
key findings from the report suggest:
- The growth of the semiconductor laser market can be accredited to
the inclination toward semiconductor lasers over other light sources and
the growing response to the semiconductor laser applications. 3D
printing has marked the emergence of technical advancements in the
healthcare and architecture era by authorizing enhanced 3D prototyping in
the maritime and architectural segments along with the manufacture of
prosthetic organs and several other biosciences applications.
- High power diode lasers and fiber optic lasers are the two major
categories of semiconductor lasers that govern the semiconductor laser
diode market from an economic aspect. These lasers currently acquire a
major market share, which is anticipated to retain over the forecast
period. Flat panel displays, connectivity, communication, and photonics
applications are anticipated to be developed as the key application
segments for the fiber optic semiconductor lasers.
- North America and Europe are projected to lose a portion of the
semiconductor laser market to the Asia Pacific region. This region is
expected to witness a growing demand for the semiconductor laser diodes’
solicitations and the associated laser-based technologies, owing to the manufacturing
and high industrialization activities in these regions.
- The key industry participants include Trumpf GmbH + Co. KG, Coherent
Inc., Newport Corporation, Sharp Corporation, IPG Photonics Corporation,
Axcel Photonics Inc., ASML Holding NV, Rofin-Sinar Technologies Inc., and
Sumitomo Electric Industries, Ltd. The semiconductor laser industry has
witnessed the escalating M&A activities amongst the laser diode
manufacturers with an aim to enrich the product portfolio with proficient
and high-power lasers at cost-effective rates.
Access
full research report on global semiconductor laser market:
www.grandviewresearch.com/industry-analysis/semiconductor-laser-market
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Created on Jan 24th 2020 07:27. Viewed 282 times.