Growing Demand from End-User Industries to Fuel the Global Laser Diode Market

As per the analysis by Expert Market Research, the global laser diode market is estimated to grow in the forecast period of 2023-2028 at a CAGR of 7.7%.

A laser diode refers to a semiconductor device that generates coherent radiation of high intensity in the infrared (IR) or visible spectrum when a current passes through it. As the radiation consists of a single frequency, it can focus on a tiny point using a simple lens system. Compared to conventional lasers, laser diodes are compact, lightweight, and have low power requirements. They are gaining traction across the globe as they are highly efficient and ideal for portable electronic devices. Laser diodes also find their application in laser printers, optical fibre systems, communications, compact disc (CD) players, intrusion detection systems, remote-control devices, and industrial processing machinery.

Laser diodes are employed in various end-use industries such as healthcare, industrial, and automotive, among others. In the healthcare industry, laser diodes are used in various procedures such as skin resurfacing, LASIK surgery, body contouring, hair and tattoo removal, and reducing wrinkles. Moreover, the rising trend of these procedures is propelling the demand for laser diode market across the globe.

In the industrial sector, the products are used in material processing applications such as metal welding, laser brazing, hardening, cladding, and cutting metals. Furthermore, the adoption of laser diodes in the automotive industry is significantly contributing to the laser diode market growth. Besides, laser diodes are substituting the conventional headlamp technologies and are increasingly used as headlights in luxury cars. Escalating demand for luxury vehicles driven by standard lifestyles and inflating income are also estimated to drive the sales of laser diodes in the coming years.

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Top 5 Global Laser Diode Companies:

Coherent, Inc.

Coherent, Inc. is a global leading producer of photonic solutions. The company is a global supplier of lasers and laser-based technologies for customers in scientific and commercial sectors. It leads in scientific, medical, and commercial laser development.

IPG Photonics Corporation

IPG Photonics Corporation is the leading producer and developer of superior execution fibre lasers and speakers for assorted applications in different business sectors. The organisation put resources into new high-limit creation offices in the United States to produce its own laser diode siphons, a significant part of its fibre lasers and speakers.

OSRAM

OSRAM is a global leader in optical solutions and provides high performance in a compact package. With innovations like the green laser diode, the company is setting new benchmarks in the field. The high-tech company has been making research investments and creating cutting-edge new products, allowing it to pioneer the sectors of illumination, visualisation, and sensor technology.

TRUMPF

TRUMPF is a high-tech company that provides appropriate manufacturing solutions. The company’s aim is to develop and digitally connect production technology to make it more precise, future-proof, and efficient. The company is a technology and market leader in machine tools and lasers for industrial manufacturing and works with innovations in almost every sector.

Jenoptik AG

Jenoptik AG is a worldwide operating technology company. The very basis of the company is optical technologies with most of the products and services being provided to the photonics market. The company’s diode lasers and laser systems are a resource-saving alternative to traditional machining techniques.