Dallas, TX -- (SBWIRE) -- 02/04/2019 -- Adroit Market Research launched a study titled, "Global Semiconductor Laser Market Size 2017 by Type (Fiber Optic Laser, Vertical Cavity Surface Emitting Laser, Compact Disc Laser, High Power Diode Laser, Red Laser, Violet Laser, Green Laser, Blue Laser), by Application (Optical Storage, Lithography, Healthcare, R&D and Defense, Sensors, Display, Printing, Communication, Industrial), by region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and forecast 2018 to 2025".

The global semiconductor laser market size is estimated to reach up to USD 7.75 billion by 2025 riding on a solid demand from the optical communication as well as the healthcare industry across the globe. Semiconductor laser market applications are varied which includes from CD players to telecommunication systems.

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Semiconductor laser also known as laser diode is a device which enables laser oscillation by transmitting an electric current to semiconductor. Semiconductor lasers are primarily diodes which produces coherent light through the process of stimulated emission suing a semiconductor gain as a medium. They are widely used in optical communication as a light source for data transmission because of their compact nature, ease of integration, increased output power. The semiconductor laser market applications have expanded with the advancements in the field of lasers and its enabling technologies, rendering the production of inexpensive commercial semiconductor lasers.

The global semiconductor laser industry has been primarily been driven by demand from various industries which include printing, defense, medical, and communication among others. This high demand for laser diodes is due to its compact size, low cost power consumption, and excellent electrical to optical efficiency. Semiconductor lasers are preferred over other lasers due to its ruggedness and greater output power. This demand is expected to remain sustained during the forecast period thereby propelling global semiconductor laser market size.

Semiconductor laser industry manufacturers across the globe are adopting different strategies to decrease the cost of producing these lasers in an attempt to achieve better value proposition. The manufacturers are improving their processing and packaging expertise by means of strategic acquisitions. For instance, semiconductor laser manufacturer Coherent Inc. has acquired Finnish wafer manufacturer Tutcore. This acquisition enabled the company to have access to Tutcorn's aluminum-free wafers which were produced using molecular beam epitaxy, for its laser diode fabrication process.

On the basis of application the communication segment dominated the global semiconductor laser market due to high speed data transmission which is enabled by the usage of these lasers. Semiconductor laser diodes enable fast switching and optical power modulation, making it the key enabler of optical fiber communications. The communication industry dominated the market generating more than 30% of the total global semiconductor laser market size. However, emerging applications of semiconductor lasers in healthcare industry for procedures in the field of dermatology, ophthalmology, and dentistry among others, are expected to make the healthcare segment the fastest growing application area of semiconductor laser industry.

Geographically, Asia Pacific held the largest market in global semiconductor laser market on account of the high demand for optic fiber communication infrastructure in the rapidly emerging economies. The healthcare sector is witnessing a tremendous boom due to high scale investments in medical R&D, making way for ingenious applications of semiconductor lasers. Furthermore, rapid industrialization is also expected to propel the market at a considerable rate.

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ASML Holding N.V, Axcel Photonics Inc. (Sheaumann Laser), Coherent Inc., Han's Laser Technology Industry Group Co. Ltd, IPG Photonics Corporation, Newport Corporation, Rofin-Sinar Technologies Inc., Sharp Corporation, Sumitomo Electric Industries, Ltd, and Trumpf GmbH + Co. KG are the leading players present within the global semiconductor laser market.

Key segments of the global semiconductor lasers market

Type Overview, 2015-2025 (USD million)
- Fiber Optic Laser
- Vertical Cavity Surface Emitting Laser
- Compact Disc Laser
- High Power Diode Laser
- Red Laser
- Violet Laser
- Green Laser
- Blue Laser

Application Overview, 2015-2025 (USD million)
- Optical Storage
- Lithography
- Healthcare
- R&D and Defence
- Sensors
- Display
- Printing
- Communication
- Industrial

Regional Overview, 2015-2025 (USD million)
- North America
o US
- Europe
o UK
o Ireland
o Spain
o Italy
o France
o Germany
- Asia Pacific
o South Korea
o Japan
o India
o Australia
- Latin America
o Brazil
o Mexico
o Chile
- Middle East & Africa

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