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semiconductor lasers market size is expected to reach USD 12.74 Billion in 2028, and register a revenue CAGR of 6.7% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for semiconductor lasers in defense sector and increase in research & development activities to improve communications, and increasing applications in healthcare, optical storage, lithography, and displays are key factors driving market revenue growth.

Rising demand for semiconductor lasers in various applications owing to small size, lightweight, and long service life is contributing to revenue growth of the market. Use of semiconductor materials for light amplification enables production of more advanced semiconductor lasers as compared to conventional lasers. In addition, simple design, compact size, and low cost are driving use of semiconductor lasers in small electrical and optical storage devices such as CD players, and DVD players.

Factors such as heat generation and temperature and greater beam divergence are hampering market revenue growth. Output of semiconductor lasers greatly depends on temperature and increase in temperature leads to decrease in intensity of semiconductor lasers. Working temperature needs to be monitored while using semiconductor lasers in order to ensure efficient functioning. Beam divergence angle is much higher in semiconductor lasers than conventional lasers. Hence, it is not ideal for performing in monochromaticity, directionality, and coherence.

The all-encompassing report on the Semiconductor Lasers market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.

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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Semiconductor Lasers through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.

Top Companies Operating in the Semiconductor Lasers Market and Profiled in the Report are: Coherent Inc., Sharp Corporation, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Sumitomo Electric Industries, Ltd., ASML Holding N.V., Osram Licht AG, ROHM Co. Ltd., TRUMPF, and Panasonic Corporation.

The study aims to provide a forecast of the growth of the Semiconductor Lasers market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis.  The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

 Key Highlights From the Report

In December 2021, the leading foundry of high value analog semiconductor solutions Tower Semiconductor Ltd., and a leader in secure Artificial Intelligence (AI) driven networks Juniper Networks, made an announcement of Silicon Photonics (SiPho) foundry ready process with integrated III-V lasers, detectors, and amplifier modulators. This combined laser process would undertake optical connectivity in telecom networks along with future applications in AI, LiDAR (Light Detection & Ranging), and other sensors.

Fiber Optic Laser (FOL) segment accounted for significantly large revenue share in 2020 owing to increasing use in telecom sector and networks. Fiber Optic Laser does not require expensive optical mirrors unlike other semiconductor lasers, and its long life reduces the need for continual replacements. In addition, fiber optic lasers do not need any moving mirrors to create necessary lasers, which results in reduced operating costs and low maintenance. High cutting speed of FOL machines is another factor resulting in high preference and driving revenue growth of this segment. FOL machines can cut materials such as stainless steel faster as compared to traditional lasers.

In 2020, healthcare segment accounted for significantly larger revenue share, attributed to high beam quality and visible wavelengths of semiconductor lasers. This type of laser enables production of smaller and more lightweight, advanced, and cost-efficient medical devices and instruments. Lasers enable hair removal or nanoparticle-assisted cancer treatments more effectively, as well as tattoo removal.

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Emergen Research has segmented the global semiconductor lasers market on the basis of type, application, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)

Fiber Optic lasers (FOL)

Vertical Cavity Surface Emitting Lasers (VCSEL)

Compact Disc Lasers (CDL)

High Powered Diode Lasers (HPDL)

Red Lasers

Blue Lasers

Green Lasers

Violet Lasers

Application Outlook (Revenue, USD Billion; 2018–2028)

Optical Storage

Lithography

Healthcare

Defense Research & Development (R&D)

Communication

Display

Sensors

Printing

Other Industrial

The report on the Semiconductor Lasers market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Semiconductor Lasers market for the forecast period from 2021 to 2028.

Regional Outlook (Revenue, USD Billion; 2018–2028)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

Israel

Rest Of MEA

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The research provides answers to the following key questions:

What will be the growth rate of the Semiconductor Lasers market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?

What are challenges and threats faced by the prominent vendors operating in the Semiconductor Lasers market?

Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?

What are the past, present and emerging trends likely to influence the growth rate of the Semiconductor Lasers market for the forecast period, 2021 to 2028?

What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

Thank you for reading our report. For further information or query regarding the report or its customization, please connect with us. Our team will ensure you get a report well-suited to your needs.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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