Semiconductor Laser Market Size Worth $9.52 Billion By 2024 | Key Industry Players Trumpf GmbH + Co. KG, Coherent Inc.

San Francisco, 29 November 2018 - The global semiconductor laser market size is expected to reach USD 9.52 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance of fiber optic lasers in the communication and connectivity verticals and the growing preference for semiconductor lasers over other light sources are expected to boost the market growth. The increasing deployment of semiconductor laser diodes in various application verticals has further bolstered the industry growth. The growing usage of 3D printing in the healthcare and architectural platforms are expected to increase the demand for semiconductor lasers.
The semiconductor lasers can be categorized on the basis of laser types into fiber optic lasers, vertical cavity surface emitting lasers, compact disc lasers, high power diode lasers, red lasers, violet lasers, green lasers, and blue lasers. The fiber optic laser segment is expected to grow at a remarkable pace owing to the enhanced usage in the communication and photonics segments.
The recent administrative regulations pertaining to 3D printing in the healthcare vertical in countries such as the U.S. are further expected to throttle the industry growth. These regulations restrict the regulated usage of 3D printing into prosthetic organs’ fabrication and other life science-based solicitations.
However, the shortcomings of the functional and efficient usage associated with the semiconductor lasers are expected to pose challenges for the industry. The recent fiber optic high-speed connectivity across the telecom industries, along with the semiconductor laser usage in flat panel displays, is expected to impel the global semiconductor laser market growth.
To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/semiconductor-laser-market
Further key findings from the study suggest:

  • The growth of the semiconductor laser market can be accredited to the inclination toward semiconductor lasers over other light sources and the growing response to the semiconductor laser applications. 3D printing has marked the emergence of technical advancements in the healthcare and architecture era by authorizing enhanced 3D prototyping in the maritime and architectural segments along with the manufacture of prosthetic organs and several other biosciences applications.
  • High power diode lasers and fiber optic lasers are the two major categories of semiconductor lasers that govern the semiconductor laser diode market from an economic aspect. These lasers currently acquire a major market share, which is anticipated to retain over the forecast period. Flat panel displays, connectivity, communication, and photonics applications are anticipated to be developed as the key application segments for the fiber optic semiconductor lasers.
  • North America and Europe are projected to lose a portion of the semiconductor laser market to the Asia Pacific region. This region is expected to witness a growing demand for the semiconductor laser diodes’ solicitations and the associated laser-based technologies, owing to the manufacturing and high industrialization activities in these regions.
  • The key industry participants include Trumpf GmbH + Co. KG, Coherent Inc., Newport Corporation, Sharp Corporation, IPG Photonics Corporation, Axcel Photonics Inc., ASML Holding NV, Rofin-Sinar Technologies Inc., and Sumitomo Electric Industries, Ltd. The semiconductor laser industry has witnessed the escalating M&A activities amongst the laser diode manufacturers with an aim to enrich the product portfolio with proficient and high-power lasers at cost-effective rates.
Grand View Research has segmented the global semiconductor laser market on the basis of laser types, applications, and regions:

Semiconductor Laser Type Outlook (Revenue, USD Billion, 2014 - 2024)
  • Fiber optic laser
  • Vertical cavity surface emitting laser
  • Compact disc laser
  • High power diode laser
  • Red laser
  • Violet laser
  • Green laser
  • Blue laser
Semiconductor Laser Application Outlook (Revenue, USD Billion, 2014 - 2024)
  • Optical storage
  • Lithography
  • Healthcare
  • R&D and defense
  • Sensor
  • Display
  • Printing
  • Communication
  • Industrial
Semiconductor Laser Regional Outlook (Revenue, USD Billion, 2014 - 2024)
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • RoW
Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-semiconductor-laser-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Info: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Automotive Lighting Market Surge Valuation Of 34.65 Billion Units By 2022: Grand View Research, Inc.

Image
The  automotive lighting market  is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.  Asia Pacific automotive lighting market, by technology, 2012 - 2022 (USD Million) Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative...
Read more

Headsets Market Size Worth To Reach $20,465.7 Million By 2024

Image
The  headsets market  is estimated to reach approximately USD 20,465.7 million by 2024, according to a new study conducted by Grand View Research, Inc. The rise in the disposable income is remarkably driving the demand for application-specific headsets. The increase in consumer spending for consumer electronic products has significantly spurred the market growth. The growing demand for improved design and style is anticipated to favorably impact the industry growth. In addition to this, increasing popularity and adoption of smartphones, portable music players, laptops, tablets, and other mobile devices are expected to catapult the industry growth prospects. Asia Pacific headset market revenue, by price, 2013 - 2024 (USD Million) Enhanced audio quality acoustics offered by in-ear products is substantially bringing traction in this industry. The advent of innovative technologies such as Bone Conduction, Near-field Magnetic Inductance (NFMI) Technology, and Design Improve...
Read more

Temperature Sensors Market To Cross $6.13 Billion Threshold By 2020

Image
The Global  Temperature Sensors Market  is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance.  Global temperature sensors market by application, 2012 – 2020 Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors etc. Additionally, fusion of communication, computing and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. Need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over th...
Read more