Diode Laser Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Report Code: ESR 0008 Report Format: PDF + Excel

Diode Laser Market Overview:

Diode Laser Market size is estimated to reach US$18.3 billion by 2030, growing at a CAGR of 12.2% during the forecast period 2024-2030. Demand for high-power laser systems and expansion of the 3D sensing market are expected to propel the growth of Diode Laser market.
 
Additionally, the increasing integration of diode lasers with other technologies, such as photonics, optics, and electronics. This integration is driven by the demand for more sophisticated and multifunctional devices with enhanced performance and capabilities. By combining diode lasers with complementary technologies, manufacturers can develop innovative solutions that cater to the evolving needs of various industries. For example, integrating diode lasers with advanced optics enables the development of high-resolution imaging systems for medical diagnostics and industrial inspection applications. Similarly, incorporating diode lasers into photonics-based sensors enhances their sensitivity and precision for environmental monitoring and defense applications. This trend towards integration not only expands the range of applications for diode lasers but also fosters collaboration and cross-disciplinary innovation within the broader photonics industry. 

Market Snapshot: 

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Diode Laser Market - Report Coverage:

The “Diode Laser Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Diode Laser Market.
Attribute Segment

By Category

      Injection laser diode

      Optically pumped semi-conductor laser

By Wavelength

      Near infrared

      Red

      Blue

      Green

      Ultra-violet

      Violet

      Yellow

      Others

By Doping Material

      InGaN

      GaN

  AIGaInP

      GaAIAs

      InGaAs

      InGaAsP

      GaInAsSb

      Others

By Technology

      Double hetero structure lasers

      Quantum well lasers

      Quantum cascade laser

      Distributed feedback lasers

      Separate confinement hetero structure laser diode

      VCSEL

      VECSEL

      External cavity laser diode

      Distributed Bragg reflector laser

      Quantum dot laser

      Interband cascade laser diode

By Industry Vertical

      Automotive

      Autonomous vehicles

        LIDAR

      Defense

      Anti-aircraft missiles

      Directed energy weapons

      Range finding

      Medical

      Aesthetics

      Diagnostics

        Microcopy

        Spectroscopy

        Others

      Surgical treatments

        Noninvasive surgeries

        Others

      Photodynamic therapy

      Consumer electronics

      CD/DVD Players

      Laser printers

      Barcode readers

      Fiber optic communication

      Manufacturing

      Pulsed laser deposition

      Micromachining

      Drilling

      Welding

      Others

      Data storage

      Blu-ray disks

      Magneto-optical disks

      Communications

      Displays

      Others

By Geography

      North America (U.S., Canada and Mexico)

      Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe),

      Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

      South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

      Rest of the World (Middle East and Africa).


 
COVID-19 / Ukraine Crisis - Impact Analysis:  
  • During the COVID-19 pandemic, the diode laser market experienced both challenges and opportunities. On one hand, disruptions in global supply chains and reduced manufacturing activities due to lockdowns and restrictions affected the production and distribution of diode lasers. Many end-user industries, such as healthcare and manufacturing, faced uncertainties, leading to delayed investments in new technologies, including diode laser systems. Additionally, the heightened focus on disinfection and sterilization in healthcare facilities led to increased demand for laser systems used in sterilization processes, further supporting the diode laser market. 
  • In Ukraine, geopolitical tensions and instability have also impacted the diode laser market. Uncertainty surrounding trade relations and economic conditions may have deterred potential investments and hindered market growth. Additionally, disruptions in supply chains and logistics due to conflicts or political unrest could have affected the availability of raw materials and components necessary for diode laser production. Furthermore, the general atmosphere of uncertainty and risk may have led to cautious spending by businesses in Ukraine, potentially slowing down the adoption of diode laser technologies across various sectors.

Key Takeaways:

APAC Dominated the Market

Geographically, in the Diode Laser market share, APAC region is analyzed to hold a dominant market share of 42% in 2023. Firstly, APAC countries, particularly China, Japan, and South Korea, are renowned for their strong manufacturing capabilities and technological advancements. These countries have robust semiconductor industries, which form the backbone of diode laser production. Additionally, the presence of a vast network of suppliers, skilled labor force, and supportive government policies has further fueled the growth of the diode laser market in the region. Furthermore, APAC's thriving telecommunications industry has been another key contributor to the growth of the diode laser market. With the rapid expansion of 5G networks and the increasing demand for high-speed internet connectivity, there has been a growing need for diode lasers in fiber-optic communications for data transmission. Countries like China and South Korea are at the forefront of 5G deployment, driving significant investments in telecommunications infrastructure and driving the demand for diode lasers.

Medical is the fastest growing segment

In the Diode Laser Market forecast, medical segment is estimated to grow with a CAGR of 5.5% during the forecast period, due to the increasing adoption of minimally invasive procedures and laser-based treatments in various medical specialties such as dermatology, ophthalmology, and dentistry has fueled the demand for diode lasers. Diode lasers offer precise control, minimal tissue damage, and faster recovery times, making them preferred tools for a wide range of medical applications. Moreover, technological advancements in diode laser systems, including improvements in power output, wavelength options, and beam delivery methods, have expanded their utility in medical procedures. For example, diode lasers are used for procedures such as hair removal, skin resurfacing, cataract surgery, and dental treatments, among others. As medical technologies continue to advance and demand for minimally invasive procedures rises, the growth trajectory of the medical segment is expected to remain strong in the coming years.

● GaAlAs to Hold Largest Market Share

According to the Diode Laser Market analysis, Gallium aluminum arsenide (GaAlAs) doping material segment is estimated to hold the largest market share of 28% in 2023. GaAlAs-based diode lasers exhibit excellent optical and electrical properties, including high quantum efficiency and wavelength stability. These characteristics make them ideal for various applications across industries such as healthcare, telecommunications, and manufacturing. GaAlAs doping material allows for precise control over the emission wavelength of diode lasers, enabling customization to meet specific application requirements. This versatility makes GaAlAs diode lasers suitable for a wide range of applications, from medical procedures to telecommunications infrastructure. Furthermore, advancements in GaAlAs fabrication techniques and production processes have led to cost reductions and improved manufacturing yields, making GaAlAs-based diode lasers more economically viable for widespread adoption.

Demand for High-Power Laser Systems

High-power diode lasers offer advantages such as faster processing speeds, increased cutting and welding depths, and improved productivity. These lasers are used in applications such as metal cutting, welding, surface treatment, and additive manufacturing. The demand for high-power diode lasers is driven by the need for greater efficiency, precision, and cost-effectiveness in industrial processes. Additionally, advancements in diode laser technology, such as improved cooling methods and beam shaping techniques, are further driving the adoption of high-power laser systems. In April 2022, Lumentum introduced the FemtoBlade laser system, which is the second generation of the company's portfolio of high-precision ultrafast industrial lasers. The new system features a modular design, which offers high power at high repetition rates, thus ensuring better flexibility and faster processing speed.

Expansion of the 3D Sensing Market

The rapid expansion of the 3D sensing market is driving the demand for diode lasers used in applications such as facial recognition, gesture recognition, augmented reality (AR), and virtual reality (VR). Diode lasers are key components in 3D sensing systems, providing the light source for depth sensing and spatial mapping. The increasing integration of 3D sensing technology in smartphones, consumer electronics, automotive, and robotics is fueling the demand for diode lasers. Additionally, advancements in diode laser technology, such as wavelength-tunable lasers and compact laser modules, are enabling the development of smaller, more efficient, and cost-effective 3D sensing solutions. In March 2022, IPG Photonics unveiled LightWELD XR, its handheld laser welding and cleaning product. The LightWELD XR is the third offering from the company in the line and includes an expanded material range including aluminum 6XXX series, nickel alloys, titanium, and copper.

High Initial Investment Hinders the Market Growth

In terms of R&D, companies need to invest substantial resources in conducting research to innovate and improve diode laser technology. This includes funding for research personnel, equipment, materials, and facilities to develop next-generation diode lasers. Additionally, R&D efforts are necessary to adapt diode lasers to meet the evolving demands of different industries and applications, driving innovation and competitiveness in the market. Regulatory compliance is a critical aspect that contributes to the high initial investment in the diode laser market. Diode laser systems used in medical, industrial, and other applications must meet stringent regulatory requirements related to safety, efficacy, and quality assurance. Obtaining regulatory approvals and certifications from regulatory authorities such as the FDA (Food and Drug Administration) in various countries involves significant time, effort, and financial resources. Non-compliance with regulatory requirements can result in delays, fines, or even product recalls, posing financial risks to companies
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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Diode Laser Market. The top 10 companies in this industry are listed below:
  1. Coherent Corp.
  2. Spectra-Physics, Inc. (MKS Instruments, Inc.)
  3. Nichia Corporation
  4. Lumentum Holdings Inc.
  5. Sumitomo Electric Industries, Ltd.
  6. Mitsubishi Electric Corporation
  7. TRUMPF Inc.
  8. Jenoptik AG
  9. Osram Opto Semiconductors GmbH (OSRAM GmbH)
  10. IPG Photonics

Scope of Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

12.2%

Market Size in 2030

$18.3 billion

Segments Covered

Category, Wavelength, Doping Material, Technology, Industry Vertical

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Coherent Corp.
  2. Spectra-Physics, Inc. (MKS Instruments, Inc.)
  3. Nichia Corporation
  4. Lumentum Holdings Inc.
  5. Sumitomo Electric Industries, Ltd.
  6. Mitsubishi Electric Corporation
  7. TRUMPF Inc.
  8. Jenoptik AG
  9. Osram Opto Semiconductors GmbH (OSRAM GmbH)
  10. IPG Photonics
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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1. Diode Laser Market - Overview
    1.1. Definitions and Scope
2. Diode Laser Market - Executive Summary
3. Diode Laser Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Diode Laser Market - Start-up Companies Scenario
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Diode Laser Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Diode Laser Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Diode Laser Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Diode Laser Market – By Category (Market Size – $Million/$Billion)
    8.1. Injection laser diode
    8.2. Optically pumped semi-conductor laser
9. Diode Laser Market – By Wavelength (Market Size – $Million/$Billion) 
    9.1. Near infrared
    9.2. Red
    9.3. Blue
    9.4. Green
    9.5. Ultra-violet
    9.6. Violet
    9.7. Yellow
    9.8. Others
10. Diode Laser Market – By Doping Material (Market Size – $Million/$Billion) 
    10.1. InGaN
    10.2. GaN
    10.3. AIGaInP
    10.4. GaAIAs
    10.5. InGaAs
    10.6. InGaAsP
    10.7. GaInAsSb
    10.8. Others
11. Diode Laser Market – By Technology (Market Size – $Million/$Billion) 
    11.1. Double hetero structure lasers
    11.2. Quantum well lasers
    11.3. Quantum cascade laser
    11.4. Distributed feedback lasers
    11.5. Separate confinement hetero structure laser diode
    11.6. VCSEL
    11.7. VECSEL
    11.8. External cavity laser diode
    11.9. Distributed Bragg reflector laser
    11.10. Quantum dot laser
    11.11. Interband cascade laser diode
12. Diode Laser Market – By Industry Vertical (Market Size – $Million/$Billion) 
    12.1. Automotive
        12.1.1. Autonomous vehicles
            12.1.1.1. LIDAR
    12.2. Defense
        12.2.1. Anti-aircraft missiles
        12.2.2. Directed energy weapons
        12.2.3. Range finding
    12.3. Medical
        12.3.1. Aesthetics
        12.3.2. Diagnostics
            12.3.2.1. Microcopy
            12.3.2.2. Spectroscopy
            12.3.2.3. Others
        12.3.3. Surgical treatments
            12.3.3.1. Noninvasive surgeries
            12.3.3.2. Others
        12.3.4. Photodynamic therapy
    12.4. Consumer electronics
        12.4.1. CD/DVD Players
        12.4.2. Laser printers
        12.4.3. Barcode readers
        12.4.4. Fiber optic communication
    12.5. Manufacturing
        12.5.1. Pulsed laser deposition
        12.5.2. Micromachining
        12.5.3. Drilling
        12.5.4. Welding
        12.5.5. Others
    12.6. Data storage
        12.6.1. Blu-ray disks
        12.6.2. Magneto-optical disks
    12.7. Communications
    12.8. Displays
    12.9. Others
13. Diode Laser Market – By Geography (Market Size – $Million/$Billion) 
    13.1. North America
        13.1.1. Canada
        13.1.2. Mexico
        13.1.3. U.S.
    13.2. South America
        13.2.1. Argentina
        13.2.2. Brazil
        13.2.3. Chile
        13.2.4. Colombia
        13.2.5. Rest of South America
    13.3. Europe
        13.3.1. France
        13.3.2. Germany
        13.3.3. Italy
        13.3.4. Netherlands
        13.3.5. Belgium
        13.3.6. Spain
        13.3.7. UK
        13.3.8. Denmark
        13.3.9. Rest of Europe
    13.4. APAC
        13.4.1. China
        13.4.2. Japan
        13.4.3. India
        13.4.4. South Korea
        13.4.5. Australia and New Zealand
        13.4.6. Indonesia
        13.4.7. Taiwan
        13.4.8. Malaysia
        13.4.9. Rest of APAC
    13.5. RoW
        13.5.1. Saudi Arabia
            13.5.1.1. UAE
            13.5.1.2. Israel
        13.5.2. South Africa
            13.5.2.1. Nigeria
            13.5.2.2. Rest of Africa
14. Diode Laser Market – Entropy
15. Diode Laser Market – Industry/Segment Competition Landscape
    15.1. Market Share Analysis
        15.1.1. Market Share by Region – Key Companies
        15.1.2. Market Share by Country – Key Companies
    15.2. Competition Matrix
    15.3. Best Practices for Companies
16. Diode Laser Market – Key Company List by Country Premium
17. Diode Laser Market - Company Analysis
    17.1. Coherent Corp.
    17.2. Spectra-Physics, Inc. (MKS Instruments, Inc.)
    17.3. Nichia Corporation
    17.4. Lumentum Holdings Inc.
    17.5. Sumitomo Electric Industries, Ltd.
    17.6. Mitsubishi Electric Corporation
    17.7. TRUMPF Inc.
    17.8. Jenoptik AG
    17.9. Osram Opto Semiconductors GmbH (OSRAM GmbH)
    17.10. IPG Photonics
 
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List of Tables:

Table 1. Key Global Diode Laser Companies, 2012
Table 2. Key Companies By Type of Laser Technology Manufacturer, 2012
Table 3. Key Companies By Type of Laser Components Manufacturer, 2012
Table 4. Key Companies By Type of Laser Components Manufacturer, 2012
Table 5. Lasers for Materials Processing Comparison
Table 6. Different Categories of Laser Processes
Table 7. Global Substrate and Epitaxy Suppliers
Table 8. Global Diode Laser Market Revenue – By Type, 2012 – 2023 ($Million)
Table 9. Global Diode Laser Market Revenue – By End Use Application, 2012 – 2023 ($Million)
Table 10. Global Diode Laser Market Revenue – By Industry Vertical, 2012 – 2023 ($Million)
Table 11. Global Automotive Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 12. Global Medical Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 13. Global Manufacturing Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 14. Global Consumer Electronics Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 15. Global Military/Aerospace Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 16. Global Telecommunication Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 17. Global Others Industry Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 18. Global Diode Laser Market Revenue – By Geographic Region, 2012 – 2023 ($Million)
Table 19. Americas Diode Laser Market Revenue – By Country, 2012 – 2023 ($Million)
Table 20. European Diode Laser Market Revenue – By Country, 2012 – 2023 ($Million)
Table 21. Asian Diode Laser Market Revenue – By Country, 2012 – 2023 ($Million)
Table 22. Osram Gmbh, Total Revenue, 2012– 2013 (Euros Millions)
Table 23. Osram Gmbh, Revenue By Segments, 2012– 2013 (Euros Millions)
Table 24. Osram Gmbh, Revenue By Geography, 2012– 2013 (Euros Millions)
Table 25. Osram Gmbh – OPTO Semiconductors Segment Products
Table 26. Sumitomo Corporation, Total Revenue, and (Dollars Millions)
Table 27. Sumitomo Corporations, Sales By Segment, ($ Million)-2012 & 2013
Table 28. Coherent INC Revenues (2011-2012)
Table 29. Jenoptik Ag Revenues (2011-2013)
Table 30. Rofin Sinar (Dilas) Revenues (2011-2013)
Table 31. IPG Photonics Revenues (2011-2013)
Table 32. JDS Uniphase Corp. Revenues (2011-2013)
Table 33. Sharp Corporation, Total Sales, 2011– 2013 ($ Thousand)
Table 34. Sharp Corporation, Sales By Geography, 2011– 2013 ($ Thousands)
Table 35. Canon INC, Total Revenue, 2012– 2013 (Euros Millions)
Table 36. Canon INC, Revenue By Segments, 2012– 2013 (Euros Millions)
Table 37. Canon INC, Revenue By Regions, 4th Quarter (Euros Millions)
Table 38. Barco NV, Total Sales, 2011– 2012 (Euros Million)
Table 39. Barco NV, Sales By Segments, 2011– 2012 (Euros Million)
Table 40. 3m Company, Total Revenue, 2012– 2013 ($ Millions)
Table 41. Forth Dimension Displays, Total Revenue, 2011– 2013 (Dollar Millions)
Table 42. Pioneer Corporation, Total Revenue, 2012– 2013 ($ Billion)
Table 43. Pioneer Corporation, Revenue By Segment, 2012– 2013 ($ Billion)
Table 44. Himax Technologies, INC, Total Revenue, 2012– 2013 ($ Million)
Table 45. Himax Technologies, INC, Revenue By Product Line, Q3 2012– Q3 2013 ($ Million)
Table 46. Microvision, Inc, Total Revenue, 2012– 2013 ($ Million)


List of Figures:

Figure 1. Global Diode Laser Market Revenue, 2001 – 2023 ($Billion)
Figure 2. Global Laser Technology Market Share Analysis, 2012 (%)
Figure 3. Global Laser Materials Processing Market Share Analysis, 2012 (%)
Figure 4. Global Diode Laser Companies Market Share, 2012 (%)
Figure 5. Global Passenger Car Sales, 2013 – 2023 (Million Units)
Figure 6. Global Fiber Laser Material Processing Market Revenue, 2012 – 2023 ($Million)
Figure 7. Diode Laser Value Chain Diagram
Figure 8. Laser Technologies Average Weighted Prices, 2012 – 2023 ($/Watt)
Figure 9. Global Diode Laser Market Share By Diode Type, 2012 (%)
Figure 10. Global Diode Laser Market Production Volume – By Country, 2012 (%)
Figure 11. Global Diode Laser Market Revenue Share By Geographic Region, 2012 (%)
Figure 12. Sumitomo Corporation, Profit By Region, and (Dollars Millions), 2013
Figure 13. Sharp Corporation, Total Sales By Segments, 2011– 2013 ($ Thousands)
Figure 14. Barco NV, Sales By Geographic Regions, 2012 (%)
Figure 15. Revenue of 3m for Fiscal Year 2013 - By Geography
 

The Diode Laser Market is projected to grow at a CAGR of 12.2% during the forecast period 2024-2030.

Global Diode Laser Market size is estimated to be $8.2 billion in 2023 and is projected to reach $18.3 billion by 2030.

The leading players in the Diode Laser Market are Coherent Corp., Spectra-Physics, Inc. (MKS Instruments, Inc.), Nichia Corporation, Lumentum Holdings Inc., Sumitomo Electric Industries, Ltd., and Others

Miniaturization and portable devices and integration of diode lasers with other technologies are the major trends in diode laser market.

Demand for high-power laser systems and expansion of the 3D sensing market are expected to drive the growth of diode laser market. Rising demand in industrial applications and emerging markets to create growth opportunities in the market.