Laser Diode Market ‚ By Wavelength (Infrared Laser Diode, Ultraviolet Laser Diode, Red Laser Diode, Blue Laser Diode, Green Laser Diode), by End User and Region - Growth, Trends, and Forecast (2019 - 2024)

Laser Diode Market ‚ By Wavelength (Infrared Laser Diode, Ultraviolet Laser Diode, Red Laser Diode, Blue Laser Diode, Green Laser Diode), by End User and Region - Growth, Trends, and Forecast (2019 - 2024)

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The global laser diode market is expected to record a CAGR of 12.56%. The scope of the market is limited to the increasing applications of laser diodes, across various industries. The regions considered in the scope of the report include - North America and Europe, among others.

Laser diodes, often referred to as semiconductor lasers, are a type of optoelectronic devices. Their capabilities (such as compact design, potential to be mass produced, and operate under a wide range of wavelengths) make laser diodes an essential component in telecommunication technologies, 3D sensing technologies in the automotive and consumer electronics sector, and industrial applications, like cutting. Therefore, the growing application of laser diodes in diverse sectors is expected to support the growth of the market studied.

Newer applications are expected to emerge, with technological advancements related to laser technology, in the future. Industry expert and inventor of blue LED, Dr Shuji Nakamura, anticipates that the laser diodes will be the future of lighting and technological developments would enable them to have compelling advantages, over LED.


In certain applications, for instance, the industrial lasers, higher output power requirements of laser diodes create challenges related to heat management. The need for advanced thermal management systems in laser equipment, therefore, increases the initial cost of implementation, for laser manufacturers. In addition, the short life of laser diodes might lead to high costs. In consumer electronics, over a period of time and usage, laser diodes consume more current to produce the optical output, which leads to an increased power consumption at minimum output levels. Therefore, high implementation costs might be a major challenge, for the laser diode market.

Green Laser Projected to Witness Healthy Growth

Of all the wavelengths in which the laser diode operates, the green laser diodes have operational advantages, over other wavelengths. As these green laser diodes are capable of operating in a wide range of temperatures, have a long lifetime, and are highly reliable at continuous operation, the growth potential of the this type of laser diodes is high. The applications of green laser diodes include - projection applications, biotechnology, spectroscopy, medical applications, etc. Due to the increased demand in the healthcare sector and the fiber optical communication sector, green laser diodes are expected to occupy the largest share of the laser diode market, during the forecast period.

Asia-Pacific Expected to Supersede North America

By region, it is estimated that the Asia-Pacific segment would dominate the global laser diode market, by the end of the forecast period, owing to the rising hospital healthcare investment in the region, consumption of consumer electronics (like LCDs, where laser diodes are used), and the anticipated demand for autonomous vehicles (wherein laser diodes are used in the lidar technology). The North American segment is poised to follow suit and account for the second-largest market share, owing to the robust adoption of advanced telecommunication technologies, in the region. Although North America leads the autonomous market, Asia-Pacific, with emerging economies like China and Japan, is estimated to account for a dominant 35% share, by 2025. Europe is anticipated to be a lucrative market for laser diode, due to the large industrial base in the region.


  • January 2018:  Osram Opto Semiconductors, a key player in the laser diode market, displayed its high-power infrared pulse laser with 905 nm wavelength, featured in lidar and ADAS solutions, at AutoMobili-D Expo, 2018. Through laser and LED technology, the company has been promoting laser diode usage in lidar technology, in the automobile sector.

MAJOR PLAYERS: Coherent, IPG Photonics, Osram Opto Semiconductors, Trumpf Group, Sharp Corporation, Sumitomo, SPI, and Frankfurt Laser Company, among others.

Laser Diode Market Report Summary




Laser Diode Market

Base Year


Forecast Period


Market Size in 2017

USD 27.3 billion

Market Size in 2023

USD 73.5 billion



Report Offerings

The Laser Diode Market offers the latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share, and forecast until 2023.

Reasons to Purchase Report:

  • Analyzing the advancements in the global laser diode market and the changing market scenario
  • Analyzing various perspectives of the market, with the help of Porter’s five forces analysis
  • Identifying the regions that are expected to witness the fastest growth, during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Report Customization and Benefits:

  • This report can be customized to meet your desired requirements. Please connect with our analyst/sales representative, who will ensure you get a report that suits your needs.

1. Introduction                       

                1.1 Key Study Deliverables   

                1.2 Market Definition            

                1.3 Study Assumptions         

2. Research Methodology                     

3. Executive Summary                          

4. Market Insights                 

                4.1 Market Overview              

                4.2 Industry Attractiveness - Porter's Five Forces Analysis

                                4.2.1 Bargaining Power of Suppliers

                                4.2.2 Bargaining Power of Consumers

                                4.2.3 Threat of New Entrants

                                4.2.4 Threat of Substitute Products and Services

                                4.2.5 Intensity of Competitive Rivalry

                4.3 Industry Value Chain Analysis        

                4.4 Industry Policies             

5. Market Dynamics                              

                5.1 Market Drivers 

                                5.1.1 Increasing Demand in Consumer Electronics

                                5.1.2 Rising Demand in Medical Equipment

                                5.1.3 Increasing Adoption of High-power Laser Diodes in Autonomous Vehicle Technologies

                                5.1.4 Increasing Adoption of 3D Sensing Technology in Consumer Electronics

                5.2 Market Restraints           

                                5.2.1 High Initial Investments

                5.3 Market Opportunities      

                                Increasing Applications of Green Laser Diode Devices

6. Global Laser Diode Market Segmentation                       

                6.1 By Wavelength 

                                6.1.1 Infrared Laser Diode

                                6.1.2 Ultraviolet Laser Diode

                                6.1.3 Red Laser Diode

                                6.1.4 Blue Laser Diode

                                6.1.5 Green Laser Diode

                6.2 By End User     

                                6.2.1 Healthcare/Medical

                                6.2.2 Telecommunication

                                6.2.3 Industrial

                                6.2.4 Automotive

                                6.2.5 Other End Users (Military and Defense)

                 6.3 By Region        

                                6.3.1 North America

                                6.3.2 Europe

                                6.3.3 Asia-Pacific

                                6.3.4 South America

                                6.3.5 Middle East & Africa

7. Vendor Market Share                        

8. Competitive Intelligence - Company Profiles                  

                8.1 Coherent, Inc.          

                8.2 Cutting Edge Optronics, Inc. (Northrop Grumman Corporation)           

                8.3 IPG Photonics Corporation

                8.4 OSRAM Opto Semiconductors, Inc.         

                8.5 TRUMPF Inc.  

                8.6 Sharp Corporation           

                8.7 Sumitomo Corporation        

                8.8 SPI Lasers Limited

                8.9 Frankfurt Laser Company               

                8.10 OSI Laser Diode, Inc.             

                8.11 Hamamatsu Photonics K.K. 

                8.12 Jenoptik AG

                8.13 Nichia Corporation        

                8.14 ROHM Semiconductor U.S.A., LLC    

                * List not Exhaustive             

9. Investment Analysis                         

10. Future of the Global Laser Diode Market

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