PUBLISHER: The Business Research Company | PRODUCT CODE: 1470332
PUBLISHER: The Business Research Company | PRODUCT CODE: 1470332
Visible And UV Laser Diode Global Market Opportunities And Strategies To 2033
Laser diodes are semiconductor devices that can convert electrical current into light. They can emit light in a wide range of wavelengths, from ultraviolet (UV) to visible and near-infrared (NIR) regions. These diodes offer high power for their size, high efficiency and long lifetime.
The visible and UV laser diode market consist of sales of visible and UV laser diodes by entities (organizations, sole traders and partnerships) engaged in the manufacturing of visible and UV laser diodes. These diodes serve as essential components in devices and systems that require precise and controlled light emissions in the visible and UV ranges.
The global visible and UV laser diode market was valued at $2,811.8 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Strong Economic Growth In Emerging Markets
During the historic period, the visible and UV laser diode market was mainly driven by strong economic growth in emerging markets. Emerging markets growth was aided by increased government expenditure on military applications, healthcare sector and other industries which has increased the demand for visible and UV laser diodes. The increased purchasing power in emerging markets spurred investments in cutting-edge industrial and medical equipment, where visible and UV laser diodes play a crucial role. Moreover, the growing adoption of laser technology in communication networks and the rising demand for consumer electronics further contribute to the increased deployment of visible and UV laser diodes in these regions. The expanding industrial and technological landscape in emerging markets created a fertile ground for the visible and UV laser diode market, fostering innovation, development and market penetration. According to the International Monetary Fund (IMF), emerging markets and developing economies together registered a growth of 4.5% in 2018, which increased to 6.1% in 2021. Therefore, strong economic growth in emerging markets contributed to the growth of the visible and UV laser diode market.
Launch Of Advanced Lasers To Meet Demand For Cost-Effective, Environmentally Sustainable Solutions In Diverse Industries
Companies operating in the visible and UV laser diode market are developing and introducing advanced products to strengthen their position in the market. For example, in June 2023, Coherent, Inc, a US -based company in the field of photonics and laser technology, announced the introduction of its next-generation ultralow-cost Matrix nanosecond pulsed UV industrial lasers. These lasers are designed for high contrast marking applications in various industries such as consumer goods, industrial electronics, home appliances and packaging. The new Matrix UV lasers are diode-pumped solid-state lasers that provide superior marking quality at half the entry price of existing solutions. They are available with 5W (watts) and 10W output power and operate at a pulse repetition rate ranging from 50kHz (kilohertz) to 300kHz. The lasers can output up to 200µJ (microjoules) of pulse energy at 355nm (nanometer). These lasers are expected to expand the market quickly, driven by the demand for more environmentally sustainable alternatives to adhesives, inks and labels for high contrast marking of plastics.
The global visible and UV laser diode market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 42.1% of the total market in 2022.
Visible And UV Laser Diode Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global visible and UV laser diode market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
The report covers the following chapters
Scope
Markets Covered:
Table of Contents
1 Executive Summary
- 1.1 Visible And UV Laser Diode - Market Attractiveness And Macro Economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Visible And UV Laser Diode Market Definition And Segmentations
- 6.4 Market Segmentation By Product
7 Major Market Trends
8 Visible And UV Laser Diode Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Visible And UV Laser Diode Market Segmentation
11 Visible And UV Laser Diode Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Competitive Benchmarking
21 Competitive Dashboard
22 Key Mergers And Acquisitions
23 Opportunities And Strategies
24 Visible And UV Laser Diode Market, Conclusions And Recommendations
25 Appendix
