Global Diode Laser Market Size (2023 - 2030)

The global diode laser market is expected to reach USD 18.0 billion by 2030 from USD 10.84 billion in 2022 with a CAGR of 13% CAGR from 2023 - 2030. 

A laser diode is also known as a diode laser, is a semiconductor device, when electricity is passed through the device, coherent radiations are generated in the visible and infrared (IR) spectrum. Laser diodes are gaining familiarity and have become an important part of advanced technology. Diode lasers have got many applications across many sectors. 

As per the laser-focus world, laser materials processing systems increased 50% from 2016-2018. VCSELS are different types of laser diodes providing the best beam features, device scalability, thermal stability when compared with products like Fabry Perot Laser diodes. 

Lasers are used for processing plastics particularly in the healthcare sector for medical devices. Laser diodes are widely used over applications like industrial lasers, displays, automotive, industrial, and general lighting, etc. 

COVID-19 Impact on Diode Laser Market

The World Health Organization (WHO) announced world like a pandemic and public emergency issue. With the sudden eruption of novel coronavirus (COVID-19), the diode lasers demand has fallen. Lack of raw material supply with a considerable reduction in the demand continued till the end of 2022, due to disturbances in the supply chain globally. Around 69% of the respondents are informed by their suppliers as there will be a lag in shipments due to the pandemic period, as per IPC's survey of electronic businesses. 

In countries like North America and Europe, the majority of the manufacturers have shut down their plants and some industries are working with less manpower. For example, companies like Osram, Coherent, IPG have decided to work with less manpower. Due to the COVID-19 impact, the demand for laser diodes has to curb down across different industrial sectors. 

Market Drivers

•    Awareness

Having sound knowledge about the diode laser market and the benefits associated with, and rising fiber laser market boosts the diode lasers market growth during the forecast period. The adoption of high-power laser diodes is growing in autonomous vehicle technologies and the demand for optical technology in autonomous vehicles is rising like a higher laser beam boosts the diode laser market growth further. 

•    Diode Laser in the Healthcare Sector

The diode lasers demand has increased over the past years over the healthcare sector drives the market growth throughout the timeline period. Laser diodes are used across various applications like hair removal, body contouring, LASIK surgery, wrinkles, tattoo removal, etc. 

Market Restrains

•    Lack of Research and Development Investments

The lack of huge funds and investments are required for research and development activities for the military segment is one major drawback for the diode laser market to grow further. 

DIODE LASER MARKET REPORT COVERAGE

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Segmentation Analysis

The research report on the global diode laser market has been segmented and sub-segmented based on the following categories:

Diode Laser Market - By Category

• Injection Laser Diode
• Optically Pumped Semiconductor Laser (OPSL)

Diode Laser Market - By Type 

• 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

Diode Laser Market - By Doping Material 

• InGaN
• GaN
• AIGaInP
• GaAIAs
• InGaAs
• InGaAsP
• GaInAsSb
• Others

Diode Laser Market - End User

• Automotive (LIDAR)
• Defense
  • Anti-aircraft missiles
  • Directed energy weapons
  • Range finding
• Medical​​​
  • Aesthetics
  • Diagnostics
    • Microscopy
    • Spectroscopy
    • Others
  • Surgical treatments
    • Non-invasive 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

Regional Analysis

North America has got the lion's share in the diode laser market with the profitable and largest share throughout the forecast period. Major countries contributing maximum share to the diode laser market are the U.S and Canada. The United States is said to dominate the laser diode market throughout the timeline period. As per the American Society of Plastic Surgeons (ASPS), around 18million people and more have undergone surgery and minimally invasive cosmetic procedures in 2018, in the U.S for wrinkle and pigmentation reduction, tattoo removal, and contouring, and more. In January 2022, a 660nm red laser diode, introduced by USHIO, producing an output power of 200mW CW/400mW. 

Europe stands second in position globally with maximum share in the diode laser market. SAPPHIRE LS1200 SHR laser/diode developed and produced in Europe. The BWT Laser GmbH supports the diode lasers users in Europe at a quick pace.

However, the diode laser market in Asia-Pacific is expected to witness strong growth due to the presence of the rising purchasing power of consumers. The region's growth also depends on factors like increasing demand for smartphones, digitization of processes, and growth in the widespread presence of electronics and automobile manufacturing organizations. Countries like India, the Republic of Korea, China, and Singapore, are motivating companies to set up production establishments in the region. In October 2022, BluGlassLtd, an Australian semiconductor developer revealed its direct-to-market business unit, offering high brightness and highly efficient GaN laser diodes. Moreover, in 2022, Japanese researchers exhibited a long-elusive kind of laser diode that is purely based on organic semiconductors.

Latin America and the Middle East & African regions are at their nascent stage. The regions are expected to witness strong growth in the upcoming years. 

Diode Laser Market Key Players

Osram Licht Group (Germany), Panasonic Semiconductor Solutions Co., Ltd. (Japan), ROHM Co., Ltd. (Japan), IPG Photonics Corp. (U.S.), Sharp Corp. (Japan), Coherent, Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), JDS Uniphase Corp. (U.S.), Jenoptik AG (Germany), Newport Corp. (U.S.), Rofin-Sinar Technologies, Inc. (U.S.), Finisar (U.S.), Avago Technologies (Singapore), Trumpf GmbH + Co. KG (Germany), and Nichia Corp. (Japan) are some of the players operating the diode lasers market. 

Notable Happenings in the Diode Laser Market

•    On July 16, 2022, ROHM developed an RLD90QZW3', a 75Watt high-power LIDAR application with high-density light emission by emission width. The application is developed for robot cleaners, service robots, and home appliances. 

•    On July 15, 2022, IPG Photonics launched a new record-breaking series known as the Ultra-Compact Series. 

•    On April 01, 2022, Coherent launched an industrial diode laser which is multi-kilowatt. The diode laser is a new HighLight DL HPSi that provides high-power output in a compact and self-contained package. 

•    On November 08, 2018, Coherent acquired VHG and THz Laser Company, wave-length stabilized laser diodes.