Laser Diode Market

The global laser diode market size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2027, at a CAGR of 13.1% during the forecasted period. The major drivers for the growth of laser diode market include growing application areas of laser diodes in various industries, expanding fiber laser market, and surge in demand for high-power laser diodes for industrial applications. However, the high initial investment required for industrial application are some of the factors that are likely to hinder the growth of the laser diode market.

Laser Diode companies include: 

• II-VI Incorporated (US),
• IPG Photonics Inc. (US),
• Jenoptik AG (Germany),
• Lumentum Holding Inc. (US),
• MKS Instruments (US),
• Ams-OSRAM AG (Austria),
• ROHM Co., Ltd. (Japan),
• Sharp Corp. (Japan),
• Ushio, Inc. (US),
• Hamamatsu Photonics K.K. (Japan)

Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerships, collaborations, and acquisitions, to increase their competitiveness in the laser diode market.

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II-VI Incorporated is one of the major manufacturers of engineered materials, optoelectronic components, and optical systems, offering vertical integrated solutions for a variety of applications. II-VI operates in two business segments, namely, Photonic Solutions and Compound Semiconductors. II-VI develops a variety of laser diode modules with collimated-beam free-space output and fiber-coupled output. Wavelength options for laser diodes include 405 nm, 445 nm, 488 nm, 635 nm, 655 nm, 785 nm, 830 nm, and others based on customization. These laser modules are widely adopted in applications such as generic aiming, pointing, biomedical, and machine-vision applications. Recently, in June 2022, Coherent, subsidiary of II-VI, launched the OBIS XT Series of compact smart ultraviolet lasers aimed at expanding power capacity up to 150 milliwatts and features 320 nm wavelength. The compact size, low heat dissipation, and integrated controller abilities of the OBIS XT series offer simplified integration, thereby allowing reduction in time and cost.

Ams-OSRAM AG (AMS), manufactures and sells semiconductor products. The company operates through two main business segments, namely, Semiconductors and Lamps & Systems. The Semiconductors segments includes semiconductor-based products and solutions such as high-performance LEDs, lasers, and optical sensors for customers in the automotive, consumer, and industrial end markets. Laser diodes are covered under lasers division and is one of the major providers of visible Indium Gallium Nitride (InGaN) lasers. The company continues to invest in laser technology that has ability to change the future of mobility in the automotive industry. In early 2021, OSRAM has announced a newly developed chip design for edge-emitting lasers (EEL) that radically improves the wavelength stability at operating temperatures of up to 125°C, typical used for automotive applications.

Related Reports:

Laser Diode Market by Wavelength (Infrared, Green, Blue, Ultraviolet), Doping Material, Technology (Distributed Feedback, Quantum Cascade, VCSEL), Application (Industrial, Medical, Consumer Electronics, Telecommunication), Region - Global Forecast to 2027

See Also :

LiDAR Companies

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