Semiconductor Lasers Market Size, Growth, Demand, Competitive Landscape and Business Outlook 2021 to 2030
The Global Semiconductor Lasers Market size is estimated to be USD 7.12 billion in 2019 and is predicted to reach USD 14.53 billion by 2030 with a CAGR of 6.7% from 2020-2030.
Semiconductor Lasers are advanced and efficient lasers as compared to the conventional lasers. These lasers are small in size and require less power and much more efficient than conventional lasers which make it the smarter choice in the manufacturing of laser based system. Semiconductors lasers have a wide range of application in different industries such as it is used in fibre optic cables for effective communication system and many more. In semiconductor lasers light amplification is done by the use of active semiconductor materials.
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Top Companies: Coherent Inc., Sharp Corporation, Han's Laser Technology Ind Group Co. Ltd, Nichia Corporation, Jenoptik AG, Rohm Company Limited, Newport Corporation, IPG Photonics Corporation, Trumpf GmbH + Co. KG, Panasonic Semiconductor Solutions Co. Ltd, Axcel Photonics Inc., Finisar Corporation, Hamamatsu Photonics KK and others.
The global semiconductor lasers market share is analyzed on the basis of type, application and geography. On the basis of type, the market is segmented into Fiber Optic Lasers (FOL), Vertical Cavity Surface Emitting Lasers (VCSEL), Compact Disc Lasers (CDL), High Power Diode Lasers (HPDL), Red Lasers, Violet Lasers, Green Lasers, and Blue Lasers. On the basis of application, the market is divided into Optical Storage Devices Lithography, Healthcare, Defense And R&D, Sensors, Display, Printing, Communication, and Industrial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to represent the developed market and anticipated to hold the major market share over the forecast period. Furthermore, increase in advanced infrastructure, increased demand of medical devices due to the increase in healthcare facilities coupled with technological advancement are expected to promote the growth of semiconductor lasers market. Asia Pacific is expected to show rapid growth with substantial increase in market share owing to the increased adoption to advanced technology, wide application of semiconductor lasers, and increased demand of effective and efficient system is further expected to augment the market growth.
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