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Semiconductor Laser Market Size Worth USD 14.58 Billion, Globally, by 2030 at 6.7% CAGR

Semiconductor Laser

Semiconductor Laser Market

A semiconductor laser is an electrically pumped system in which the active medium is a semiconductor diode’s p-n junction, similar to that of an LED. CD players, communications, laser printers, industrial processing machinery, laser pointers, and research and development are among the applications where laser diodes are used. Because of its tiny size and weight, low voltage, current, and power requirements, great electrical efficiency, low maintenance, and wide-angle beam, laser diodes have significant advantages over traditional laser systems such as solid-state lasers and gas lasers.

The global semiconductor laser market size reached USD 8.19 Billion in 2021 and is expected to register a revenue CAGR of 6.7% during the forecast period, according to the latest analysis by Emergent Research. Increasing demand for semiconductor lasers in various applications, due to their lightweight, small size, and long service life, is expected to drive market revenue growth between 2022 and 2030.

These advantages are extending semiconductor lasers’ uses in medical, consumer electronics, and other rapidly rising industries. Semiconductor lasers have a low output, which limits their use in high-power applications like deep space communication and industrial applications. However, manufacturers should be able to overcome this difficulty shortly because of ongoing advancements in design and materials to increase the output power of semiconductor lasers.

Fiber optic lasers, compact disc lasers, high power diode lasers, vertical cavity surface-emitting lasers, red lasers, violet lasers, green lasers, and blue lasers are examples of semiconductor lasers. Fiber optic lasers, which are utilized in communication, have the greatest market share in the worldwide semiconductor laser market.

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Major companies profiled in the market report include Sharp Corporation, Coherent Inc., Panasonic Corp., ASML Holding N.V., Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Osram Licht AG, Rohm Company Limited, Sumitomo Electric Industries Ltd., TRUMPF GmbH + Co. KG, nLIGHT, Inc., and Jenoptik AG.

Communication, optical storage devices, lithography, healthcare, defense, research and development (R&D), sensors, display, printing, and industrial system production are just a few of the applications where semiconductor lasers are utilized directly or indirectly. The global semiconductor laser market was dominated by semiconductor lasers used in communication applications. Because of its increasing usage in the offices and other commercial printing, the printing application category is predicted to increase at the quickest rate. Semiconductor lasers are also likely to be in high demand from the sensor, display, and industrial machinery industries, as well as the healthcare business.

However, the market growth can be hampered to a certain extent by delicate design, low packing tolerance mistakes, and lack of dependability and testing. The growing global demand for data storage capabilities is providing new opportunities for market participants.

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