12th February 2020 – According to new research study available with Million Insights, market
report on Semiconductor Laser is foretold to provide a robust
support for industry players to lay a solid foundation for their business
growth. It includes a comprehensive evaluation of the market’s growth status
and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Global Semiconductor Laser Market is
anticipated to grow significantly in the forecast period owing to its
application in defense industry due to features like small body, long life,
light weight and better efficiency. Semiconductor lasers are more efficient and
enhanced than the traditional lasers. They are similar to the transistor and
can potentially perform operations like LED. Semiconductors are smaller in
size, highly efficient for all types of applications and energy and cost
effective.
Semiconductor laser industry is
influenced by growing demand for consumer devices that is propelling the demand
for semiconductor lasers since they are used for multiple manufacturing
practices. Moreover, incorporation of OLED technology in mobile phones is
fueling the semiconductor lasers market. However, undefined life of laser
diodes are hampering the market growth of semiconductor laser. Besides sudden
failure, laser diodes are expected to degrade in future due to several reasons.
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Introduction of additive manufacturing
and 3D printing has progressed over the years as prominent energy-efficient and
eco-friendly technology. This technology delivers improved efficiency with
least consumption of materials. These trends are increasingly affecting
semiconductor laser industry thereby influencing its growth.
Semiconductor laser market is
categorized on the basis of type, end user and geography. On the basis of type,
the market is divided into compact disc lasers (CDL), fiber optic lasers (FOL),
high power diode lasers (HPDL), vertical cavity surface emitting lasers
(VCSEL), violet lasers, red lasers, blue lasers and green lasers. Fiber optic
lasers (FOL) are estimated to hold larger market share of semiconductor laser
due to extensive use in communication and increase in demand for high broadband
services.
Based on end users, semiconductor lasers
industry is divided into healthcare, communication, industrial, optical storage
devices lithography, defense and Research & Development, sensors, printing
and display. Industrial segment is expected to hold larger market share of
semiconductor laser due to extensive use in several applications. Also,
communication segment accounted for maximum share owing to wide applications.
Geographically, semiconductor laser
market is segmented as North America, Latin America, Europe, Asia Pacific and
Middle East & Africa. Owing to growing industrialization and developments,
Asia Pacific is predicted to dominate the market of semiconductor laser in the
coming years.
The prominent players in semiconductor
laser industry are ASML Holdings N.V., Newport Corporation, Sharp Corporation,
Coherent Inc., IPG Photonics Corporation, Han’s Laser Technology Industry Group
Co. Ltd., Sumitomo Electric Industries, Ltd., Rofin-Sinar Technologies Inc.,
TAxcel Photonics Inc. and Trumpf GmbH + Co. KG.
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