Visible and UV Laser Diode Global Market Report 2024

The visible and uv laser diode market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The historic growth in the utilization of visible and UV laser diodes can be credited to several factors including increased demand for consumer electronics, advancements in medical device technologies, expanding applications in material processing industries, growth within the industrial and manufacturing sectors, and the rising utilization of automotive LiDAR applications.

The visible and uv laser diode market size is expected to see strong growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The projected growth in the upcoming period for visible and UV laser diodes is expected to be driven by several factors. These include increased adoption in communication networks, a growing need for high-precision sensing across various industries, advancements in military and defense applications leveraging laser diode technology, an expanding role in environmental sensing applications, and the impact of global events and heightened security concerns. Additionally, major trends expected in the forecast period encompass advancements in laser display technologies, an upsurge in LiDAR (Light Detection and Ranging) applications, the widespread integration of 3D sensing technology, ongoing trends in technological miniaturization, strategic partnerships and collaborations within the industry, as well as continuous advancements in healthcare technologies utilizing laser diodes.

The visible and UV laser diode market is experiencing heightened demand, primarily propelled by increased adoption within the automotive sector. The automotive sector encompasses businesses engaged in the creation, distribution, sale, and maintenance of automobiles. Visible and UV laser diodes play a crucial role in distance measurement for automotive driver assistance systems. As an illustration, in September 2022, the European Union witnessed a notable 9.6% increase in new passenger car registrations, as reported by the European Automobile Manufacturers' Association (ACEA), a Belgium-based lobbying and standards group in the automobile industry. This surge in adoption across the automotive sector is a key driver for the visible and UV laser diode market.

The foreseeable growth of the visible and UV laser diode market is anticipated to be fueled by the escalating demand for consumer electronics. Consumer electronics encompass electronic devices and gadgets designed for personal use, catering to entertainment, communication, productivity, and various everyday purposes. Visible and UV laser diodes serve as integral components in consumer electronics, enabling compact and advanced applications such as laser pointers, barcode scanners, and displays. This aligns with the industry's emphasis on miniaturization and enhanced functionalities. For instance, in May 2023, the Japan Electronics and Information Technology Industries Association reported that the total electronic equipment production in Japan amounted to $6,722 million (¥771,457 million), with consumer electronics production reaching $280 million (¥32,099 million) compared to $230.9 million (¥25,268 million) in May 2022. As a result, the growing demand for consumer electronics is poised to drive the visible and UV laser diode market's expansion.

Visible and UV laser diode market dynamics are prominently influenced by a focus on product innovation among major industry players. Leading companies are at the forefront of developing cutting-edge solutions by refining laser designs through the incorporation of multi-quantum wells of electro-absorption modulators for high-speed operations. Simultaneously, efforts are directed towards reducing wire inductance by joining small wires to enhance high bandwidth. A case in point is ProPhotonix, a US-based company renowned for manufacturing light laser modules, which, in September 2022, unveiled UV Industrial Laser Modules at 375nm based on laser diode technology. These robust and reliable high-performance UV Industrial Lasers boast unique power outputs of up to 30mW and exceptional bore-sighting (0.25° off-axis) with a mere 19mm diameter.

Major industry players are strategically committed to advancing their product portfolios with innovations such as Deep Ultraviolet (Deep UV) lasers to gain a competitive edge. Deep UV lasers emit light in the short-wavelength range of approximately 100 to 400 nanometers. In January 2023, IPG Photonics Corporation, a US-based company specializing in fiber laser technology, introduced three advanced Deep UV lasers incorporating proprietary non-linear crystals. These lasers offer superior reliability and flexibility compared to conventional frequency conversion materials, catering to diverse industries and micromachining applications. The lineup includes a 3-watt continuous wave, single-frequency fiber laser at 266 nm, a 5-watt nanosecond pulsed fiber laser at 266 nm, and a 5-watt picosecond pulsed fiber laser at 257 nm, addressing various applications such as inspection, spectroscopy, precision tasks on challenging materials, micro-cutting, and drilling in industries such as PCBs and flat panel displays.

In September 2022, Exaktera LLC, a Germany-based company, successfully acquired ProPhotonix for an undisclosed amount. This acquisition enhances Exaktera's global leadership in providing essential, high-precision components. Leveraging ProPhotonix's extensive experience, strong market presence, and advanced application knowledge in LED illumination systems and laser diode modules, this acquisition solidifies Exaktera's position as a key player in the industry. ProPhotonix, a US-based company specializing in light laser modules, is an ideal addition to Exaktera's portfolio.

Major companies operating in the visible and uv laser diode market report are OSRAM International GmbH, OSI Laser Diode Inc., TRUMPF GmbH, Nichia Corporation, MKS Instruments, Thorlabs Inc., Ushio Inc., ASML Holding NV, Coherent Inc., IPG Photonics Corporation, Nuvoton Technology Corporation, Jenoptik AG, BluGlass Limited, RPMC Lasers Inc., TOPTICA eagleyard GmbH, AMS Technologies AG, Apollo Instruments Inc., B&W Tek Inc., Crystal IS Inc., DILAS Diode Laser Inc., Edmund Optics Inc., Frankfurt Laser Company, Hamamatsu Photonics K, Holo/Or Ltd, Infineon Technologies AG, Viavi Solutions Inc., Kigre Inc., Kyocera Corporation, Laser Components GmbH.

North America was the largest region in the visible and UV laser diode market in 2023. The regions covered in the visible and uv laser diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the visible and uv laser diode market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Within the realm of visible and UV laser diodes, the primary product variants include single-mode and multi-mode configurations. Single-mode laser diodes comprise a single light-emitting region and typically feature one diode per package, delivering output power starting from mWs. These diodes are produced using doping materials such as AlGaInP, GaN, InGaN, and find extensive application across industrial, defense, scientific, medical, and diverse sectors.

The visible and UV laser diodes market research report is one of a series of new reports that provides visible and UV laser diodes market statistics, including visible and UV laser diodes industry global market size, regional shares, competitors with a visible and UV laser diodes market share, detailed visible and UV laser diodes market segments, market trends and opportunities, and any further data you may need to thrive in the visible and UV laser diodes industry. This visible and UV laser diodes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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