DUBLIN--(BUSINESS WIRE)--The "Semiconductor Laser Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The semiconductor laser market is expected to register a CAGR of 7.85% during the forecast period (2021 - 2026).
Companies Mentioned
- Coherent Inc.
- Sharp Corporation
- Nichia Corporation
- Finisar Corporation
- IPG Photonics Corporation
- Han's Laser Technology Ind Group Co. Ltd
- Sumitomo Electric Industries Ltd
- Axcel Photonics Inc.
- Newport Corporation
- Panasonic Semiconductor Solutions Co. Ltd
- Rohm Company Limited
- Hamamatsu Photonics KK
- Jenoptik AG
- Trumpf GmbH + Co. KG
Key Market Trends
Rise in Demand for Semiconductor Laser Applications Fueling the Growth
- There is a rapid increase in the use of semiconductor lasers for different applications. The semiconductor laser is vital in the healthcare sector due to their extensive use for cosmetic procedures, medical diagnosis, and therapies.
- Moreover, they are ideal for military and defense applications due to their compact size, lightweight, and ruggedness. In the defense sector, the new high brightness semiconductor laser technology is permitting diode lasers to be used directly in applications where DPSS lasers were the only solution. i.e., target designation, countermeasures, and potentially even high energy lasers.
- Semiconductor diode lasers are offering advantages over other light sources for applications in dentistry, dermatology and other applications.
- In addition, the launch of 3D printers has further increased the demand in this market as this technology is widely used in healthcare to produce fabricated prosthetic limbs and various other life-sciences applications.
- With the increase in sales of smarpthone, technologies like OLED and VCEL in the smartphone segment are also propelling the growth of semiconductor laser market. Also, the growth in the semiconductor industry may fuel the growth of the market.
Asia-Pacific is Expected to Witness Fastest Growth Rate
- Asia-Pacific has the largest market share and is also anticipated to register the highest growth rate over the forecast period, due to the high manufacturing and industrialization in the region.
- Also, government initiatives and investments in Asia-Pacific are promoting the growth of numerous sectors. The exponential growth in the communication industry in countries, such as Japan, China, South Korea, and India, is anticipated to drive the laser market in the region, during the forecast period.
- Factors, such as the growth of semiconductor industry, cheap labor, and low manufacturing costs are expected to increase the demand for material processing and the lithography which, in turn, may aid the demand for semiconductor lasers in the region.
- Moreover, countries like China, Taiwan, Korea, Japan are the house of smartphone manufacturers such as Apple, Oneplus, Vivo. Samsung, among others which makes semiconductor manufacturer around these regions to produce semiconductor laser to cater to smartphone manufacturers.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rise in Demand for Semiconductor Laser Applications
4.3.2 Growth in the Fiber Laser Market
4.3.3 Preference for Semiconductor Lasers over other Light Sources
4.4 Market Restraints
4.4.1 High Initial Investment
4.4.2 Difficulties Regarding Reliability and Testing
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.7 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/36vnec
