Global Semiconductor Laser Market at a CAGR Of 4.7%
Adroit Market Research launched a study titled, "Global Semiconductor Laser Market Size 2017 by Type (Fiber Optic Laser, Vertical Cavity Surface Emitting Laser, Compact Disc Laser, High Power Diode Laser, Red Laser, Violet Laser, Green Laser, Blue Laser), by Application (Optical Storage, Lithography, Healthcare, R&D and Defense, Sensors, Display, Printing, Communication, Industrial), by region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and forecast 2018 to 2025". The study covers the global semiconductor laser market value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual revenue with forecast between 2018 and 2025. The global semiconductor laser market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages.
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The global semiconductor laser market size is estimated to reach up to USD 7.75 billion by 2025 riding on a solid demand from the optical communication as well as the healthcare industry across the globe. Semiconductor laser market applications are varied which includes from CD players to telecommunication systems.
The global semiconductor laser industry has been primarily been driven by demand from various industries which include printing, defense, medical, and communication among others. This high demand for laser diodes is due to its compact size, low cost power consumption, and excellent electrical to optical efficiency. Semiconductor lasers are preferred over other lasers due to its ruggedness and greater output power. This demand is expected to remain sustained during the forecast period thereby propelling global semiconductor laser market size.
Semiconductor laser industry manufacturers across the globe are adopting different strategies to decrease the cost of producing these lasers in an attempt to achieve better value proposition. The manufacturers are improving their processing and packaging expertise by means of strategic acquisitions. For instance, semiconductor laser manufacturer Coherent Inc. has acquired Finnish wafer manufacturer Tutcore. This acquisition enabled the company to have access to Tutcorn’s aluminum-free wafers which were produced using molecular beam epitaxy, for its laser diode fabrication process
On the basis of application the communication segment dominated the global semiconductor laser market due to high speed data transmission which is enabled by the usage of these lasers. Semiconductor laser diodes enable fast switching and optical power modulation, making it the key enabler of optical fiber communications. The communication industry dominated the market generating more than 30% of the total global semiconductor laser market size. However, emerging applications of semiconductor lasers in healthcare industry for procedures in the field of dermatology, ophthalmology, and dentistry among others, are expected to make the healthcare segment the fastest growing application area of semiconductor laser industry.
Geographically, Asia Pacific held the largest market in global semiconductor laser market on account of the high demand for optic fiber communication infrastructure in the rapidly emerging economies. The healthcare sector is witnessing a tremendous boom due to high scale investments in medical R&D, making way for ingenious applications of semiconductor lasers. Furthermore, rapid industrialization is also expected to propel the market at a considerable rate.
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Semiconductor Laser Market:
- Future prospects and current trends of the global semiconductor laser market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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