PUBLISHER: The Business Research Company | PRODUCT CODE: 1526945
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526945
A semiconductor laser diode emitting light from the edge of the chip characterizes an edge-emitting laser. They are known for their compactness, efficiency, and ability to emit light at specific wavelengths, making them valuable components in electronic and optical devices. Utilizing stimulated emission within semiconductor material, edge-emitting lasers produce a highly collimated and intense light beam.
Edge-emitting lasers come in various types, including distributed feedback laser, distributed Bragg reflector laser, fiber perot laser, and broad area laser diode. Distributed-feedback lasers employ a resonator with a periodic structure throughout the laser gain medium, acting as a distributed Bragg reflector within the laser action's wavelength range. These lasers find applications in optical communication, material processing, medical surgery, displays, research and development, and diverse industries such as defense, sensing, medical sciences, optics, electronics, oil and gas, among others.
The edge emitting laser market research report is one of a series of new reports from The Business Research Company that provides edge emitting laser market statistics, including edge emitting laser industry global market size, regional shares, competitors with an edge emitting laser market share, detailed edge emitting laser market segments, market trends, and opportunities, and any further data you may need to thrive in the edge-emitting laser industry. This edge emitting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The edge emitting laser market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.80 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth during the historical period can be credited to the expansion of applications within the healthcare and medical sectors, a surge in demand for laser diodes for automotive headlights, their utilization in automotive lidar applications, a heightened preference for 3D scanning and printing applications, and the market's expansion within the automotive industry.
The edge emitting laser market size is expected to see rapid growth in the next few years. It will grow to $3.00 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. During the forecast period, growth can be attributed to the increasing utilization of optical fiber communication, the escalating flow of information traffic, the efficiency of edge emitting lasers in generating single wavelength laser beams, and their application in optical fiber communication systems, alongside the growing adoption in medical applications. Prominent trends anticipated in the forecast period encompass the demand for high-speed communication, utilization in instrumentation and sensors, adoption in smart displays, and their application in augmented reality (AR) and virtual reality (VR) devices.
The surge in the adoption of the Internet of Things (IoT) is anticipated to drive the growth of the edge-emitting laser market in the coming years. IoT encompasses a network of interconnected devices embedded with sensors, software, and other technologies, enabling data collection and exchange over the internet. The adoption of IoT is driven by factors such as increased efficiency, cost savings, enhanced remote operations, and revenue generation. Edge-emitting lasers play a crucial role in supporting the IoT ecosystem by facilitating high-speed, reliable, and efficient data transmission, enabling precise sensing capabilities, and enhancing overall energy efficiency and security. For example, according to data from the GSM Association in January 2022, global IoT connections are projected to reach 23.3 billion by 2025, marking a significant increase from the 15.1 billion connections recorded in 2021. Consequently, the rise in IoT adoption is fueling the growth of the edge-emitting laser market.
Key players in the edge-emitting lasers market are concentrating on developing innovative products, such as gallium nitride (GaN) laser technology, to enhance performance, efficiency, and application versatility. GaN laser technology utilizes gallium nitride as the semiconductor material to produce high-performance lasers. These edge-emitting GaN lasers offer several advantages over traditional laser technologies, including emission of light in the blue and ultraviolet spectrum. For instance, in September 2022, Kyocera Corporation launched a GaN laser chip, the smallest mass-produced from a silicon working substrate. This chip is designed for micro-light sources, crucial for next-generation automotive transparent displays and micro-light sources for augmented reality (AR) and virtual reality (VR) applications. These micro-light sources provide key performance benefits such as higher definition, smaller size, and lighter weight, catering to diverse industry needs.
In February 2023, TOPTICA Photonics AG acquired Azurlight Systems SAS, bolstering its product portfolio and European presence. Azurlight Systems SAS specializes in manufacturing various laser diodes, including edge-emitting lasers, contributing to TOPTICA Photonics AG's expansion strategy.
Major companies operating in the edge emitting laser market are Sony Corporation, EMCORE Corporation, TRUMPF Group, ams OSRAM AG, Coherent Inc., MKS Instruments Inc, Hamamatsu Corp., Lumentum Operations LLC, Finisar Corporation, Anritsu Co., MACOM Technology Solutions Inc., Jenoptik AG, Evatec AG, RPMC Lasers Inc., RMI Laser LLC, Modulight Inc., AdTech Optics Inc., Innolume GmbH, Optilab LLC, LNA Laser, NTT Electronics Corp, Photodigm Inc., Eagleyard Photonics, Frankfurt Laser Company, Hi Tech Engineers
North America was the largest region in the edge emitting laser market in 2023. The regions covered in the edge emitting laser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the edge emitting laser market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The edge-emitting laser market consists of sales of optical fiber communication tool, material processing, military and aerospace, instrumentation, and sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Edge Emitting Laser Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on edge emitting laser market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for edge emitting laser ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The edge emitting laser market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.