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The blue laser diode market is estimated to grow by USD 257.25 million at a CAGR of 13.48% between 2022 and 2027. Advances in laser projector technology, such as improved brightness, color accuracy, and energy efficiency, are making projectors increasingly popular in various applications, including home entertainment, business presentations, and large venue displays. The growing demand for blue diodes in material processing, such as cutting, welding, and engraving, is driven by their high power output and precision, making them ideal for industrial applications. Additionally, the use of diodes in the automotive industry for applications like head-up displays and adaptive headlights is contributing to the growth of the market.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by type (single-mode and multi-mode), application (bio/medical, laser projectors and scanner, blu-ray devices, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth of the single-mode segment will be significant during the forecast period. It is defined based on the size of the waveguide. It is referred to as a single-mode blue diode when the waveguide's dimensions are specially created in both the transverse and longitudinal directions to fit in just one mode. These are better suitable for a wider range of applications than multi-mode diodes because of their smaller size and higher light intensity. The single-mode market segment held a sizeable market share of the overall market in 2022.
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The single-mode segment was valued at USD 152.46 million in 2017 and continued to grow until 2021. The usage of these diodes in Blu-Ray discs and DVD players is one of the key elements influencing the market's expansion. A Blu-Ray disc player reads data from a Blu-Ray disc using single-mode blue diodes. When compared to DVDs and compact discs, Blu-Ray discs have a higher density because of the smaller spot sizes that enable them to hold more data (CDs).
They provide the high light intensity necessary to read and write on Blu-Ray discs since they have a restricted spectral bandwidth and only one mode of propagation. The fact that Blu-Ray discs now on the market have video streaming capabilities is increasing demand for them.
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The region is experiencing increased demand for projects from business enterprises and the cinematography and education sectors. Furthermore, the global market is expected to grow with the introduction of multi-color and SOLID SHINE technologies. Several major vendors are trying to introduce products that are integrated with different technologies to differentiate their products from those of their competitors. This is propelling the demand.
Further, the growth of the market in North America is also driven by the applications in the cytometry market. Cytometry is the science of the measurement of cell characteristics.
In North America, the automotive industry showed resilience following the outbreak of the COVID-19 pandemic. However, industry players planned to launch virtual selling channels, and some players are already adopting these strategies to cater to consumer demands. The revival of the automotive and other end-user industries has revived the growth of the market in this region and will lead to the steady growth of the market in focus during the forecast period.
The market is experiencing rapid growth, driven by the increasing demand for projectors and automobile headlights in electric vehicles and autonomous vehicles. Manufacturers are focusing on developing as they offer advantages over conventional light-emitting diodes, such as higher efficiency and precision. Compliance with government regulations is also driving the market, particularly in the automotive sector. Ink stamping and other applications requiring high precision benefit from single-mode and multi-mode quantum well diodes. Companies are adopting organic and inorganic growth strategies to expand their market presence. Technology advancements in triangulation and lidar are further fueling market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The advances in laser projectors are notably driving market growth. Many companies are shifting from conventional light-emitting diodes to laser phosphors for improved display quality, especially for 4K content. These projectors utilize phosphor to produce light from blue diodes, with the red, green, and blue hues created by projecting a blue laser onto a phosphor wheel on the screen. This technological advancement is meeting the rising demand for high-quality displays and is expected to drive market growth. Additionally, the market is witnessing the introduction of blue laser diodes, quantum well laser diodes, and diode lasers, further enhancing display capabilities. The automotive industry is also a key driver, with applications in electric vehicles, autonomous vehicles, and automobile headlights. Government compliance regulations, ink stamping, and the use of single-mode and multi-mode lasers are also influencing market growth. Companies are adopting both organic and inorganic growth strategies to capitalize on these opportunities, leading to advancements in technology and manufacturing units. Triangulation, lidar, raw materials, and time of flight are other areas of interest driving market growth.
The growing popularity of high-power blue diodes is the primary trend in the market. The market is anticipated to grow due to the increasing use in numerous applications. Major suppliers like USHIO and OSRAM have developed their line of powerful blue diodes. At a wavelength of 450 nm, these potent diodes can produce a maximum power of 250 W. These diodes have a high operational efficiency since they generate less heat. They also have a large absorption capacity.
This enables them to cut through metals like copper and gold, which red or green diodes are unable to do. Their diodes are utilized more frequently in material processing machinery, 3D printers, and optical fiber because of these benefits (in communication networks). These factors are expected to drive the growth of the market focus during the forecast period.
Declining demand for Blu-Ray disc players and DVD players is the major challenge in the market. Blu-ray disc players and DVD players both use blue diodes. These devices read and write data from Blu-Ray or DVD discs using blue diodes. The demand for data storage on Blu-Ray discs or DVDs is, however, decreasing due to the growing popularity of online video streaming services like Netflix and Amazon Prime as well as portable data storage devices like pen drives and hard disc drives.
For instance, Technavio predicted that between 2013 and 2018, the US market for Blu-Ray discs and DVDs will have a USD 549.88 million loss in revenue. It is simpler for customers to obtain information directly from the cloud platform because audio and video content is readily available online thereby eliminating the demand for Blu-Ray discs or DVDs. These factors are expected to hinder the growth of the market in focus during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Egismos Technology Corp. - The company offers 405nm and 450nm laser diodes with up to 5W output power for laser cutting, laser printing, and lasers for dermatology, plastic surgery, and other medical applications. The laser measuring and optoelectronics segment offers to measure modules and laser rangefinder modules for laser rangefinders, laser distance meters, and laser measuring applications. The robotics, laser sensing, and photonics segment offers photonics modules and support-related solutions for robotics, autonomous navigation, laser obstacle detection, biomedical photonics, and other ODM projects.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Single-mode and Multi-mode), Application (Bio/medical, Laser projectors and scanners, Blu-ray devices, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market is a key segment of the global market, driven by applications such as Barcode readers, Laser scanning, Disc recording, and Fiber-optic communications. These diodes emit a light beam that is crucial for scanning and light beam illumination in various industries. Government compliance regulations impact market growth, with companies like TRUMPF, AMS-OSRAM AG, and ASML Holding NV leading the market with their GaAs technology and MOCVD technology.
They are essential in Communications & Optical Storage applications, Military and Defense applications for radar systems, and Instrumentation & Sensor applications. Engineered materials are used in their production, requiring a robust manufacturing setup. A PEST analysis and SWOT analysis help understand market dynamics and company positioning. Financial information, including electrical current and lasing conditions, is crucial for market players. Injection laser diode technology is common in these devices, ensuring high performance in various applications. The market's growth is also fueled by the increasing demand for laser pointers and Time of flight applications. Access to raw materials and government regulations are key considerations for market players.
Blue Laser Diode Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.48% |
Market growth 2023-2027 |
USD 257.25 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
11.63 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Coherent Inc., Egismos Technology Corp., Frankfurt Laser Co., IADIY Photonics, Laser Components GmbH, Laserex Technologies Pty Ltd., Laserline GmbH, Nichia Corp., NUBURU Inc., Omicron-Laserage Laserprodukte GmbH, OSRAM GmbH, Panasonic Holdings Corp., ProPhotonix Ltd., Renesas Electronics Corp., RPMC Lasers Inc., Sharp Corp., Tomorrows System Sp zoo, Ushio Inc., and Vortran Laser Technology Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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