NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The
global blue laser diode market size is estimated to grow
by USD 334.9 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 15.2% during the forecast period. Advances in laser
projectors is driving market growth, with a trend
towards growing popularity of high-power blue laser diodes.
However, declining demand for blu-ray disc players and dvd
players poses a challenge. Key market players include ams
OSRAM AG, Coherent Inc., Egismos Technology Corp., Exaktera LLC,
Frankfurt Laser Co., IADIY Photonics, Laser Components GmbH,
Laserex Technologies Pty Ltd., Laserline GmbH, Nichia Corp., NUBURU
Inc., Omicron-Laserage Laserprodukte GmbH, Panasonic Holdings
Corp., Renesas Electronics Corp., RPMC Lasers Inc., Sharp Corp.,
Tomorrows System Sp zoo, TOPTICA Photonics AG, Ushio Inc., and
Vortran Laser Technology Inc..
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landscape, and companies- View the snapshot of this
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Blue Laser Diode
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
15.2%
|
Market growth
2024-2028
|
USD 334.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
12.87
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 42%
|
Key
countries
|
US, China, Germany,
Canada, and Japan
|
Key companies
profiled
|
ams OSRAM AG, Coherent
Inc., Egismos Technology Corp., Exaktera LLC, Frankfurt Laser Co.,
IADIY Photonics, Laser Components GmbH, Laserex Technologies Pty
Ltd., Laserline GmbH, Nichia Corp., NUBURU Inc., Omicron-Laserage
Laserprodukte GmbH, Panasonic Holdings Corp., Renesas Electronics
Corp., RPMC Lasers Inc., Sharp Corp., Tomorrows System Sp zoo,
TOPTICA Photonics AG, Ushio Inc., and Vortran Laser Technology
Inc.
|
Market Driver
The global blue laser diode market has experienced a moderate
growth due to the limited innovation in this sector. However, the
increasing adoption of high-power blue laser diodes in various
industries is expected to boost market growth. Major players like
USHIO and OSRAM have introduced high-power blue laser diodes,
capable of delivering a maximum power of 250 W at 450 nm
wavelength. These diodes generate less heat, ensuring high
operational efficiency. Additionally, blue laser diodes have a
superior absorption capacity, enabling them to cut through metals
such as copper and gold, which is not possible with red or green
laser diodes. Consequently, these diodes are extensively used in
material processing equipment, 3D printers, and optical fiber
communication networks. These factors are anticipated to fuel the
expansion of the global blue laser diode market during the forecast
period.
The Blue Laser Diode market is experiencing significant growth
due to its increasing applications in various industries. One of
the major sectors driving this trend is the LiDAR system, where
blue laser diodes are used for their superior brightness and high
reliability in creating 3D maps. In addition, blue laser diodes
find extensive use in cameras for range finding, target selection,
and illumination. Key components of LiDAR systems include data
processing electronics, photodetector, motion control equipment,
and laser source. Blue laser diodes offer advantages such as
superior brightness, high pulse power, and longer reach compared to
other laser sources like VCSEL diodes, visible laser diodes, or
ultraviolet lasers. However, challenges such as LIDAR system
limitations in bad weather conditions and pump sources require
continuous innovation. Solid state systems and laser diode arrays
are gaining popularity due to their compact size and
cost-effectiveness. Rare earth metals like InGaN, GaN, AIGaInP, and
doping materials like neodymium, chromium, erbium, and ytterbium
are essential in producing blue laser diodes. Leading players in
the market include Hamamatsu Photonics, with a focus on medical
applications and fiber laser market. The market is expected to grow
further as blue laser diodes find applications in IR, UV, and other
industries.
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Market Challenges
- The global blue laser diode market faces challenges due to
decreasing demand for Blu-Ray disc players and DVD players. Blue
laser diodes are essential components in these devices for reading
and writing data. However, the rise of online video streaming
platforms and portable data storage devices has diminished the need
for physical media. According to Technavio, US revenue from Blu-Ray
disc and DVD sales dropped by USD549.88
million from 2013 to 2018. Consumers now access content
directly from cloud platforms, eliminating the requirement for
Blu-Ray discs or DVDs. This trend is projected to impede the
expansion of the global blue laser diode market.
- The blue laser diode market is experiencing significant growth
due to its increasing applications in various industries. Blue
laser diodes, a type of semiconductor laser diode, emit coherent
radiation in the visible spectrum and are in high demand for fiber
lasers in the fiber laser market. However, the production of blue
laser diodes faces challenges due to the use of rare earth metals
like Neodymium, Chromium, Erbium, Ytterbium, and Gallium aluminum
arsenide in their manufacture. These elements are costly and can
impact the overall price of the laser diode. Blue laser diodes find
applications in medical devices, telecommunication industry for
broadband communication systems in data centers, and industrial
processes like precision cutting, welding, heat treating, cladding,
and more. The market for blue laser diodes is expanding into new
areas such as LIDAR, radar systems, and autonomous vehicles.
However, challenges include achieving high output powers,
monochromaticity, coherence, and directionality, which are
essential for these applications. Currently, companies like
Hamamatsu Photonics lead the market, but competition is increasing
from other semiconductor device manufacturers. Blue laser diodes
have diverse applications, including in compact disc players,
remote control devices, intrusion detection systems, motion
sensors, 3D depth sensors, optical disk pickup, and solid-state
lasers. The market for blue laser diodes is expected to grow
further due to their use in emerging technologies like LIDAR and
autonomous vehicles. Despite the challenges, the future of the blue
laser diode market looks promising.
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Segment Overview
This blue laser diode market report extensively covers market
segmentation by
- Type
- 1.1 Single-mode
- 1.2 Multi-mode
- Application
- 2.1 Bio/medical
- 2.2 Laser projectors and scanner
- 2.3 Blu-ray devices
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
Blue laser diodes, a type of semiconductor laser diode, emit
blue light and are gaining significant attention due to their
versatile applications. These diodes are essential components in
various industries, including fiber lasers for material processing
and broadband communication systems in telecom and data centers.
Blue laser diodes find extensive use in fiber lasers for precision
cutting of metals, surpassing the capabilities of traditional
lasers. In contrast, they are also utilized in medical applications
for various purposes, such as UV phototherapy and IR spectroscopy.
Rare earth elements like Neodymium, Chromium, Erbium, Ytterbium,
and Gallium aluminum arsenide are crucial in the fabrication of
blue laser diodes. The global market for blue laser diodes is
expected to grow substantially due to the increasing demand for
advanced technologies in telecommunications, medical, and
industrial sectors.
Market Research Overview
Blue laser diodes, also known as semiconductor laser diodes, are
solid-state lasers that emit coherent radiation in the visible and
near-infrared spectrum. They are essential components in various
industries, including fiber lasers, telecommunications, medical
applications, and more. Blue laser diodes are available in
different wavelengths, such as UV, IR, and those using rare earth
metals like Neodymium, Chromium, Erbium, and Ytterbium. The market
for blue laser diodes is driven by their applications in broadband
communication systems, data centers, precision cutting, welding,
heat treating, cladding, and more. Gallium aluminum arsenide is a
common material used in the fabrication of blue laser diodes.
Applications include motion sensors, 3D depth sensors, optical disk
pickup, LIDAR systems, and radar systems. Output powers,
wavelengths, beam shapes, monochromaticity, coherence, and
directionality are key parameters for blue laser diodes.
Limitations of LIDAR systems include pulse power, bad weather, and
pump sources. Solid state systems, laser diode arrays, and high
reliability are some of the advantages of blue laser diodes. Doping
materials like InGaN and GaN are used to enhance the performance of
blue laser diodes.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Bio/medical
- Laser Projectors And Scanner
- Blu-ray Devices
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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