#semiconductorlaser

The global semiconductor laser market size is expected to reach USD 9.52 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance of fiber optic lasers in the communication and connectivity verticals and the growing preference for semiconductor lasers over other light sources are expected to boost the market growth. The increasing deployment of semiconductor laser diodes in various application verticals has further bolstered the industry growth. The growing usage of 3D printing in the healthcare and architectural platforms are expected to increase the demand for semiconductor lasers.

The semiconductor lasers can be categorized on the basis of laser types into fiber optic lasers, vertical cavity surface emitting lasers, compact disc lasers, high power diode lasers, red lasers, violet lasers, green lasers, and blue lasers. The fiber optic laser segment is expected to grow at a remarkable pace owing to the enhanced usage in the communication and photonics segments.

The recent administrative regulations pertaining to 3D printing in the healthcare vertical in countries such as the U.S. are further expected to throttle the industry growth. These regulations restrict the regulated usage of 3D printing into prosthetic organs’ fabrication and other life science-based solicitations.

However, the shortcomings of the functional and efficient usage associated with the semiconductor lasers are expected to pose challenges for the industry. The recent fiber optic high-speed connectivity across the telecom industries, along with the semiconductor laser usage in flat panel displays, is expected to impel the global semiconductor laser market growth.

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Further key findings from the report suggest:

The growth     of the semiconductor laser market can be accredited to the inclination     toward semiconductor lasers over other light sources and the growing     response to the semiconductor laser applications. 3D printing has marked     the emergence of technical advancements in the healthcare and architecture     era by authorizing enhanced 3D prototyping in the maritime and     architectural segments along with the manufacture of prosthetic organs and     several other biosciences applications.

High power     diode lasers and fiber optic lasers are the two major categories of     semiconductor lasers that govern the semiconductor laser diode market from     an economic aspect. These lasers currently acquire a major market share,     which is anticipated to retain over the forecast period. Flat panel     displays, connectivity, communication, and photonics applications are     anticipated to be developed as the key application segments for the fiber     optic semiconductor lasers.

North     America and Europe are projected to lose a portion of the semiconductor     laser market to the Asia Pacific region. This region is expected to     witness a growing demand for the semiconductor laser diodes’ solicitations     and the associated laser-based technologies, owing to the manufacturing     and high industrialization activities in these regions.

The key     industry participants include Trumpf GmbH + Co. KG, Coherent Inc., Newport     Corporation, Sharp Corporation, IPG Photonics Corporation, Axcel Photonics     Inc., ASML Holding NV, Rofin-Sinar Technologies Inc., and Sumitomo     Electric Industries, Ltd. The semiconductor laser industry has witnessed     the escalating M&A activities amongst the laser diode manufacturers     with an aim to enrich the product portfolio with proficient and high-power     lasers at cost-effective rates.

See More Reports of This Category: https://www.grandviewresearch.com/industry/semiconductors

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