The global laser diode market is estimated to grow around $6.82 billion in 2016 and it is forecast to reach around $12.88 billion by 2022 at a CAGR of 11.18% during the forecast period of time. Laser diode is among one of the electrically pumped semiconductor laser which is usually found in the active laser medium.
The major factor that drives the global laser diode market is due to increasing demand for green laser devices all over the world and it acts as major opportunity for the laser diode market.
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The laser diode market is forecast to grow at a higher rate in future due to rapid growth and rising automotive industry in all over the world. Rising application base is also considered as other factor that helps in experiencing significant growth of the global laser diode market. Although there are many factors which drive this market, but still there are various challenges which are faced by the market such as satisfying demand for new wavelengths etc. which immensely affects the growth of the market. There are also some restraints which are faced by global laser diode market are shortage of r&d funds in military sector and huge initial investment etc.
The global laser diode market is segmented on the basis of type, mode of operation, wavelength, and application and by geography. On the basis of type, the market is segmented into injection laser diode (Ild) and optically pumped semiconductor Laser (OPSL). On the basis of modes of operation, the markets are segmented into continuous wave mode, Pulsed Mode etc.
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On the basis of wavelength, the market is segmented into Near Infrared, Red Laser, Blue Laser, Green Laser and Others. Among all wavelength, green laser diodes is expected to grow at higher rate with a CAGR of 17% during 2016-2022 which helps in boosting this market. On the basis of applications, the market is segmented into Communications & Optical Storage, Industrial, Medical, Military and Defense, Instrumentation & Sensor and others etc. Among all applications, industrial sector holds the largest market share around 34% in 2015 due to rising automotive sector. On the basis of geography; Asia Pacific, Europe, ROW, and North America are the major segments of this global Laser Diode market. Asia region holds the largest market share of overall laser diodes market. North America region is also expected to experience promising growth during 2016-2022 due to increasing industrial sector in all over the world.
Some of the major players of the market include Avago Technologies, Coherent, Inc., Finisar, Hamamatsu Photonics K.K., IPG Photonics Corp., JDS Uniphase Corp., Jenoptik AG, Newport Corp., Nichia Corporation, Osram Licht Group, and Panasonic Semiconductor Solutions Co., Ltd, Rofin-Sinar Technologies, Inc. and so on. Mergers, expansion, acquisition, innovation and product launches are some of the key strategies adopted by the market players. On 27th May’2015, Avago Technologies Ltd. which generally makes semiconductors for the defense, cellular and automotive industries, has acquired wireless chipmaker Broadcom Corporation for around $37 billion, and is known as the “biggest technological acquisition ever”.
1. AVAGO TECHNOLOGIES
2. COHERENT, INC.
4. HAMAMATSU PHOTONICS K.K.
5. IPG PHOTONICS CORP.
6. JDS UNIPHASE CORP.
7. JENOPTIK AG
8. NEWPORT CORP.
9. NICHIA CORPORATION
10. OSRAM LICHT GROUP
11. PANASONIC SEMICONDUCTOR SOLUTIONS CO., LTD
12. ROFIN-SINAR TECHNOLOGIES, INC.
13. ROHM CO., LTD.
14. SHARP CORP.
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