Semiconductor Lasers Market Growth and Business Opportunities in Coming Years: AMR Study

Semiconductor Lasers Market Expected to Reach $8.9 Billion, Globally, by 2022

WILMINGTON, DELAWARE, UNITED STATES, August 23, 2024 /EINPresswire.com/ -- The global semiconductor lasers market has increased sustainably in the last couple of years. Owing to the increase in usage among defense, healthcare, and other industries, the market is forecasted to have high growth opportunities in the years to come. Allied Market Research, titled, Global Semiconductor Lasers Market by Type and End User Application: Opportunity Analysis and Industry Forecast, 2014-2022, the semiconductor lasers market is expected to reach $8.9 billion by 2022 from $5.5 billion in 2015, growing at a CAGR of 6.9% during the forecast period. In 2015, Asia-Pacific dominated the overall market with over 38% share and is anticipated to continue this trend during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/1925

The semiconductor laser is a type of solid-state laser light-producing device that differs from conventional lasers based on the mechanism used for light amplification. In a semiconductor laser, the active semiconductor components are used for amplifying the light which enables it to have compact size. In addition, it requires less power and is more efficient as compared to conventional lasers.

The rise in demand for semiconductor lasers in the defense sector, increased usage in the medical sector, dedicated assembly, and low tolerance for packaging errors fuel the market. However, the market growth is largely restrained by reliability issues and complexities in testing processes. However, an increase in demand for data storage where semiconductor lasers are used opens new opportunities for the players.

In 2015, fiber optic laser (FOL) contributed over 40% market share largest in terms of revenue. FOL serves analog and digital fiber communications, radio frequency links, and research applications. The laser allows a link length of over 30km and does not require any amplifiers or signal distribution to multiple receivers as the power levels in lasers are higher than the conventional signal sources. However, green laser is anticipated to grow at a faster CAGR of 8.34% during the forecast period.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/1925

By end-user application, the communication segment held over 30% revenue share and dominated the semiconductor lasers market in 2015. Green lasers can be used for various roles such as pointing devices. Its ability to form a line in the dark has led to its usage as a rescue lights as it can be seen from miles. In addition, it has been used for laser light shows and sky gazing as a person can pinpoint a star by using the green laser. It can also be used as a laser pointer for guns and rifles.

By geography, Asia-Pacific dominated the global semiconductor lasers market with over 35% share in overall revenue; followed by North America, Europe, and LAMEA. Furthermore, it is anticipated to grow at the highest CAGR of 8.2% during the forecast period.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐋𝐚𝐬𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

- The fiber optic laser segment dominated the market in 2015, with over 45% of market share. However, green laser and HPDL are expected to grow at a higher CAGR of 8.3%, during the forecast period.
- The communication application segment accounted for over 32% of the market in 2015.
- LAMEA is anticipated to be among one of the fast-growing regions owing to the presence of a rapidly growing automotive industry.
- Asia-Pacific dominated the market in 2015 due surge in demand for semiconductor lasers in China, South Korea, and Japan.

The major players profiled in the report include 𝑨𝑺𝑴𝑳 𝑯𝒐𝒍𝒅𝒊𝒏𝒈𝒔 𝑵.𝑽., 𝑪𝒐𝒉𝒆𝒓𝒆𝒏𝒕 𝑰𝒏𝒄., 𝑵𝒆𝒘𝒑𝒐𝒓𝒕 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑺𝒉𝒂𝒓𝒑 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑺𝒖𝒎𝒊𝒕𝒐𝒎𝒐 𝑬𝒍𝒆𝒄𝒕𝒓𝒊𝒄 𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒊𝒆𝒔, 𝑳𝒕𝒅., 𝑻𝒓𝒖𝒎𝒑𝒇 𝑮𝒎𝒃𝑯 + 𝑪𝒐. 𝑲𝑮, 𝑨𝒙𝒄𝒆𝒍 𝑷𝒉𝒐𝒕𝒐𝒏𝒊𝒄𝒔 𝑰𝒏𝒄., 𝑰𝑷𝑮 𝑷𝒉𝒐𝒕𝒐𝒏𝒊𝒄𝒔 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑯𝒂𝒏𝒔 𝑳𝒂𝒔𝒆𝒓 𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒚 𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝑮𝒓𝒐𝒖𝒑 𝑪𝒐. 𝑳𝒕𝒅., 𝒂𝒏𝒅 𝑹𝒐𝒇𝒊𝒏-𝑺𝒊𝒏𝒂𝒓 𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒆𝒔 𝑰𝒏𝒄.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1925

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use various tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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