Laser Diode Market: Drivers and Challenges
The increasing adoption of green laser diodes in medical laser applications, biotechnology, aerospace, and others are significantly driving the global laser diode market. The features of laser diodes like low power requirement and portable size and weight with high efficiency are increasing their adoption in various applications of industries, which is significantly contributing to the growth of the global laser diode market. The growing demand for laser hair removal and tattoo removal is expected to contribute significantly to the growth of the global laser diode market during the forecast period.
There are operating challenges, such as if high current is passed through the laser diode, it may burn. Current must be regulated carefully through the laser diode. This technical issue is expected to have a major negative impact on the global laser diode market during the forecast period. However, manufacturers are continuously focused on improving laser diodes, and are expected to overcome this restraint during the forecast period.
Laser Diode Market: Segmentation
Segmentation based on wavelength:
The laser diode market is segmented based on wavelength, i.e. infrared, ultraviolet, visible, and others.
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Segmentation based on mode:
The laser diode market is segmented based on mode, i.e. single mode and multi-mode.
Segmentation based on application:
The laser diode market is segmented based on application, i.e. healthcare, telecom, manufacturing, media and entertainment, and others.
Key Developments
In July 2017, Mitsubishi Electric Corporation announced the launch of an industry leading high-power 638 nanometer wavelength red laser diode. It is expected to have a simple optical design, lower cost, and reduced size.
Key Players
Some of the key players in the laser diode market are Mitsubishi Electric Corporation, IPG Photonics, Panasonic Semiconductor Solutions, OSRAM Opto Semiconductors, TRUMPF, Coherent, Jenoptik AG, Rofin-Sinar Technologies, Inc., Nichia Corp., JDS Uniphase Corp., and others.
Regional Overview
The laser diode market is segmented into North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and Middle East & Africa. Presently, North America and Europe hold the largest market share in the laser diode market, due to the huge applications in healthcare and telecom industry.
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Historical Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies Involved
Market Drivers and Restraints
Regional analysis for the laser diode market includes development in the following regions:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of LatAm
Europe
EU – 4 (Germany, France, Italy, Spain)
K.
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Japan
APEJ
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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