Albany, NY, July 23, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" the global semiconductor lasers market is expected to cross a value of USD 7.69 billion by 2020, at a CAGR of 7.1% from 2014 to 2020. The semiconductor laser is an immensely growing technology and this market is expected to grow at a significant rate with the growth in its end use application markets. In addition, semiconductor lasers have several inherent advantages such as compact size, high efficiency and low cost over conventional lasers technologies which makes them ideal option in laser applications. The semiconductor lasers market is also expected to see a significant growth through the forecast with its growing acceptance in healthcare, lithography and small electronic devices manufacturing. Low output power is the major drawback of semiconductor lasers. In high power applications, multiple lasers have to be used at a time to match the power requirements. However, continuous development in raw materials and designing is expected to help manufacturers to overcome this challenge.
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Based on type, semiconductor laser market is categorized into fiber optic laser, vertical cavity surface emitting lasers, compact disc lasers, high power diode lasers, red lasers, violet lasers, green lasers and blue lasers. In 2013, fiber optic lasers accounted the revenue share of 44.4% in the global semiconductor lasers market. Fiber optic lasers are replacing light emitting diodes (LED) due to their ability to carry multiple signals over single fiber with multiple wavelengths. This segment is expected to maintain its dominance throughout the forecast period. High power diode lasers are expected to observe the fastest growth in the semiconductor lasers market. This segment is expected to grow at a CAGR of 8.6% over the forecast period 2014 - 2020. Semiconductor lasers are increasingly used in fiber laser pumping in order to meet high power and high brightness with reduced manufacturing cost. This is expected to be the primary growth factor for this segment. Rising demand for high power diode lasers used in material processing, defense, solid state laser pumping and consumer electronics manufacturing is also expected to boost the demand for high power diode lasers through the forecast period. Blue lasers and green lasers are emerging technologies which are replacing red lasers in optical storage, consumer electronics manufacturing and printing applications.
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Semiconductor lasers are used in wide range of applications which include optical storage devices, lithography, healthcare, defense and R&D, sensors, display, printing, communication and industrial machinery manufacturing. Communication is the largest application segment for semiconductor lasers and accounted for 32.2% of revenue share in the global market. Semiconductor lasers are used for range communication applications which include optical fiber communications, telecommunications, free space communication, underwater communication and satellite communication among others. Semiconductor lasers are commonly used in transmission and amplifying devices used in communication technologies. High power diode lasers have huge potential in industrial and material processing applications.
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Asia Pacific represents largest as well fastest growing semiconductor lasers markets. In 2013, Asia Pacific accounted for 37.5% of revenue share in the global semiconductor lasers market. Growing communication industry in major countries such as China, India, South Korea, Japan, and Australia among other is the primary growth factor for this market. Europe and North America are expected to observe steady growth throughout the forecast period with improving economic conditions in the major countries of these regions.
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The global semiconductor laser industry looks consolidated with top five players, i.e., Coherent Inc, ASML Holding NV, Rofin-Sinar Technologies Inc, Trumpf GmbH + Co KG and IPG Photonics Corp players accounting for more than 70% of the revenue share at present. Coherent Inc is the individual leader in the global market and accounted for 19.0% of market share in 2013. Coherent Inc offers wide range of power, wavelength and packages solutions for material processing, scientific, defense and healthcare applications. Axcel Photonics Inc and Newport Corp are some other major players in this industry.
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The Semiconductor Lasers Market is Segmented as below:
- Fiber optic lasers (FOL)
- Vertical cavity surface emitting lasers (VCSEL)
- Compact disc lasers (CDL)
- High power diode lasers (HPDL)
- Red lasers
- Violet lasers
- Green lasers
- Blue lasers
- Optical storage devices
- Defense and R&D
- North America
- Rest of the World
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research