Semiconductor Laser Market Size, Share, Opportunities, And Trends By Type (Fiber Optic Lasers, High Power Diode Lasers, Vertical Cavity Surface Emitting Laser, Red Lasers, Green Lasers, Blue Lasers, Others), By Application (Military, Sensors, Medical, Communications, Lithography, Others), And By Geography - Forecasts From 2023 To 2028

Semiconductor Laser Market is projected to grow at a CAGR of 12.21% to reach US$48.332 billion in 2028 from US$21.576 billion in 2021.

A semiconductor laser (LD) is an apparatus that produces laser oscillation by applying an electric current to the semiconductor. Similar to a light-emitting diode, light emission works through the same method (LED). When forward current is applied to a p-n junction, light is produced. The semiconductor laser is a compact, useful device that can be used in a variety of tools, devices, and computers because of its modest size. Although the device is noted for its straightforward design, it has a multi-layered structure. A common optical communication light source for data transfer is a semiconductor laser.

Due to the demand for optical fiber networks, semiconductor lasers have been extensively used in the communication sector.

Due to the spread of 5G mobile communication networks and the popularity of video-streaming services, data communication volume is rising quickly. As a result, 400Gbps of high-speed communication capacity must be added to optical-fiber networks, up from the current 100Gbps, to support both long-distance and data centre communication. As a result, digital coherent communication technologies are currently being used to increase the effectiveness of communication in optical fiber networks. However, to accommodate the limited space in network equipment, optical transceivers must also be progressively shrunk. However, up until now, tunable laser diodes have been integrated into packages, making downsizing challenging. For instance, The new tunable laser-diode chip from Mitsubishi Electric Corporation began shipping samples in September 2022. It will be used in optical transceivers for optical fiber communication networks. The new semiconductor is expected to reduce the size of optical transceivers while enhancing digital coherent transmission capacity.

In the medical field, semiconductor lasers are utilized for procedures like hair removal and surgery.

Due to their small size, efficiency, low cost, and capacity to produce high optical energy, diode lasers are used in a range of medical applications today, whether as direct sources or as pump lasers. Since the wavelength of the light is crucial to the effectiveness of the treatment, a laser illuminator is selected to coincide with the absorption of different components of the skin, blood, or organs, or that of an injected dye. Diode laser light is used directly in hair removal, dental, ophthalmology, and other dermatological procedures. For instance, Cocoon Medical, a major global developer and distributor of energy-based aesthetic systems for practitioners based in Barcelona, Spain, announced that its Primelase diode laser platform will be available in the United States in March 2020. For safe and effective hair removal on all skin types, including tanned skin, Primelase offers four different wavelengths, including a combination of three wavelengths at once. Because of its high power, speed, and super short pulse duration, it enables providers to give very effective hair removal that is safe for all skin types and hair kinds, including residual hair. Furthermore, SemiNex introduced new Gallium Antimonide (GaSb) lasers in the 1900-2400nm band in December 2020, with 50% greater power than comparable lasers on the market. With the release of this new 1940nm laser diode, users in the medical field will benefit from greater power diodes, allowing for smaller, more efficient, and effective laser systems. GaSb lasers are used in dentistry instead of radiographs to detect lesions on teeth that appear as pits and fissures, indicators of early occlusal decay. The laser's early detection eliminates the need for surgery.

Due to their use in additive manufacturing, blue lasers will experience a tremendous increase in growth.

After the high-power semiconductor blue laser was debuted in 2017, experts in the field quickly realized how quickly and effectively it could generate copper welds of unmatched quality. The blue laser's dependability and stability have been proven over years of use, and today clients in other industries are expanding its range of applications. The laser's power and brightness were boosted thanks to technological advancements, which led to swift demonstrations of comparable performance for brass, gold, stainless steel, and even aluminum. For instance, NUBURU launched a small blue laser with a third-generation light engine in January 2023. Industrial blue lasers are created and produced by NUBURU, which takes advantage of their high-brightness, high-power design to create quick, high-quality laser materials processing. According to the company, their industrial blue lasers can make flawless welds up to eight times faster than conventional methods. Furthermore, At Photonics West in February 2023, laser manufacturer NLight introduced a blue semiconductor laser to its "element" family of lasers. The new laser is available with wavelengths ranging from 375nm to 525nm in quasi-single-mode and multi-mode variants. Element blue is the perfect source for additive manufacturing and the cutting of specialty metals because it can produce up to 90W in 105 m of fiber from a single module.

The Asia Pacific region is estimated to have the fastest rate of growth.

Due to its extensive manufacturing and industrialization, the Asia Pacific region holds the greatest market share and is predicted to develop at the fastest rate throughout the projection period. The laser market in the Asia-Pacific region is expected to be driven by the rapidly expanding communication and medical sectors in nations like Japan. For instance, the launch of LUCAS aboard the Optical Data Relay Satellite was announced by the Japan Aerospace Exploration Agency (JAXA) and NEC in December 2020. LUCAS uses 1.55 m semiconductor laser and fibre optic technology, both of which are power-efficient. The tough launch phase and prolonged radiation exposure while in orbit were factors that were taken into consideration when designing the laser communication equipment. The application of this system demonstrated the potential of laser communications as a high-speed and scalable space communications solution in the future. Additionally, skin conditions could be treated with the new semiconductor laser. For instance, in February 2020 scientists at Nagoya University in Japan created a laser diode that produces the shortest-wavelength ultraviolet light ever in collaboration with Asahi Kasei Corporation. Applications for the semiconductor laser include gas and DNA analysis, as well as the treatment of skin disorders like psoriasis.

Semiconductor Laser Market Scope:

Segmentation:

• By type
  • Fiber Optic Lasers
  • High Power Diode Lasers
  • Vertical Cavity Surface Emitting Laser
  • Red Lasers
  • Green Lasers
  • Blue Lasers
  • Others
• By application
  • Military
  • Sensors
  • Medical
  • Communications
  • Lithography
  • Others
• By geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others