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Global Laser Diode Market: By Type; By Application: Optical Storage and Communication, Industrial Applications, Medical Applications, Military and Defence Applications, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics Competitive Landscape; Industry Events and Developments
Global Laser Diode Market Outlook
The global laser diode market stood at USD 8.2 billion in 2020. The market is projected to grow at a CAGR of 7.7% during the forecast period of 2021-2026 to reach USD 12.8 billion by 2026.
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On the basis of types, injection laser diode represented the most popular product type, holding the largest market share. Based on the applications, the global laser diode market is dominated by industrial applications, which accounted for the majority of the market share. Regionally, the Asia Pacific is estimated to hold the highest market share in 2020. The regional growth is attributed to the increased demand for material processing in automotive and heavy industries, along with surgeries in the healthcare industry and general manufacturing.
Properties and Applications
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 by using a simple lens system. In comparison to conventional lasers, laser diodes are compact, light-weighted, and have low power requirements. It is gaining traction across the globe as they are highly efficient and ideal for portable electronic devices. Laser diodes also find its application in laser printers, optical fibre systems, communications, compact disc (CD) players, intrusion detection systems, remote-control devices, and industrial processing machinery.
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The major types in the global laser diode market are:
- Injection Laser Diode (ILD)
- Optically Pumped Semiconductor Laser (OPSL)
The laser diode market can be broadly segregated on the basis of its application segment into:
- Optical Storage and Communication
- Industrial Applications
- Medical Applications
- Military and Defence Applications
- Instrumentation and Sensor Applications
- Others
The EMR report looks into the regional markets in the global laser diode market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
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 diodes across the globe.
In the industrial sector, the products are used in material processing applications such as metal welding, laser brazing, and hardening, cladding, and cutting of 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 being used as headlights in luxury cars. Escalating demand for luxury vehicles driven by standard lifestyles and inflating income are also estimated to drive the growth in the sales of laser diodes in the coming years. Additionally, the growing research and development activities by major players are likely to create a positive laser diode market outlook.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global laser diode market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Coherent, Inc.
- IPG Photonics Corporation
- OSRAM
- TRUMPF
- Jenoptik AG
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Laser Diode Market Analysis
8.1 Key Industry Highlights
8.2 Global Laser Diode Historical Market (2016-2020)
8.3 Global Laser Diode Market Forecast (2021-2026)
8.4 Global Laser Diode Market by Type
8.4.1 Injection Laser Diode (ILD)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Optically Pumped Semiconductor Laser (OPSL)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Laser Diode Market by Application
8.5.1 Optical Storage and Communication
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Industrial Applications
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Medical Applications
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Military and Defence Applications
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Instrumentation and Sensor Applications
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Others
8.6 Global Laser Diode Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players’ Market Share
12.3 Company Profiles
12.3.1 Coherent, Inc.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 IPG Photonics Corporation
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 OSRAM
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 TRUMPF
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Jenoptik AG
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Laser Diode Market: Key Industry Highlights, 2016 and 2026
2. Global Laser Diode Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Laser Diode Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Laser Diode Market Forecast: Breakup by Application (USD Billion), 2021-2026
5. Global Laser Diode Historical Market: Breakup by Application (USD Billion), 2016-2020
6. Global Laser Diode Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Laser Diode Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Laser Diode Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Laser Diode Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Laser Diode Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Laser Diode Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Laser Diode Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Laser Diode Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Laser Diode Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Laser Diode Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Laser Diode Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Laser Diode Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Laser Diode Market Structure
Key Questions Answered in the Report
The global laser diode market reached a value of USD 8.2 billion in 2020.
The market is projected to grow at a CAGR of nearly 7.7% in the forecast period of 2021-2026.
The market is estimated to reach a value of about USD 12.8 billion by 2026.
The major drivers of the industry include rising disposable incomes, increasing population, rising automotive industry, and the thriving demand for luxury vehicles.
The rising adoption of laser diodes in the automotive industry is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The injection laser diode is the dominant type in the market.
The industrial application sector accounts for the largest market share, among other application segments in the industry.
The leading players in the market are Coherent, Inc., IPG Photonics Corporation, OSRAM, TRUMPF, and Jenoptik AG, among others.
Analyst Review
The global laser diode market attained a value of USD 8.2 billion in 2020 driven by the growth in the automotive industry. Aided by the rising demand from the healthcare sector, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7.7%. The industry is projected to reach USD 12.8 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global market for laser diode can be segmented into injection laser diode and optically pumped semiconductor laser (OPSL), with injection laser diode accounting for the largest market share. On the basis of application, the industrial sector accounts for the largest share in the global industry. The major regional markets for laser diode are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Coherent, Inc., IPG Photonics Corporation, OSRAM, TRUMPF, and Jenoptik AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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