Semiconductor Lasers Market Expected to Exceed USD 7.69 Billion by 2020:Transparency Market Research

According to a new market report published by Transparency Market Research “Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the global semiconductor lasers market is expected to cross a value of USD 7.69 billion by 2020, at a CAGR of 7.1% from 2014 to 2020. The semiconductor laser is an immensely growing technology and this market is expected to grow at a significant rate with the growth in its end use application markets. In addition, semiconductor lasers have several inherent advantages such as compact size, high efficiency and low cost over conventional lasers technologies which makes them ideal option in laser applications. The semiconductor lasers market is also expected to see a significant growth through the forecast with its growing acceptance in healthcare, lithography and small electronic devices manufacturing. Low output power is the major drawback of semiconductor lasers. In high power applications, multiple lasers have to be used at a time to match the power requirements. However, continuous development in raw materials and designing is expected to help manufacturers to overcome this challenge. 

 

Based on type, semiconductor laser market is categorized into fiber optic laser, vertical cavity surface emitting lasers, compact disc lasers, high power diode lasers, red lasers, violet lasers, green lasers and blue lasers. In 2013, fiber optic lasers accounted the revenue share of 44.4% in the global semiconductor lasers market. Fiber optic lasers are replacing light emitting diodes (LED) due to their ability to carry multiple signals over single fiber with multiple wavelengths. This segment is expected to maintain its dominance throughout the forecast period. High power diode lasers are expected to observe the fastest growth in the semiconductor lasers market. This segment is expected to grow at a CAGR of 8.6% over the forecast period 2014 – 2020. Semiconductor lasers are increasingly used in fiber laser pumping in order to meet high power and high brightness with reduced manufacturing cost. This is expected to be the primary growth factor for this segment. Rising demand for high power diode lasers used in material processing, defense, solid state laser pumping and consumer electronics manufacturing is also expected to boost the demand for high power diode lasers through the forecast period. Blue lasers and green lasers are emerging technologies which are replacing red lasers in optical storage, consumer electronics manufacturing and printing applications.