WiseGuyRerports.com Presents “Global Semiconductor Lasers Market Professional Survey Report 2019” New Document to its Studies Database
Semiconductor lasers are used for light amplification with the help of active semiconductor substance. These lasers are an advanced version of the traditional lasers. Additionally, semiconductor lasers are smaller, more effective and require less power than the conventional lasers. The global semiconductor laser market is expected to grow at a CAGR of 7.85% by 2024.
The growing demand for fibre lasers in communication sectors and the use of semiconductor lasers instead of other light sources will drive the market growth in the coming years. The rising operation of semiconductor lasers in a variety of applications in various sectors has further fueled the development of the market. Agriculture and healthcare have adopted 3D printing which is another reason for the growth of semiconductor laser market.
The market growth can be attributed to low cost of labor, reduced manufacturing costs, and less time to produce materials.
The global semiconductor laser market can be segmented by product type and application.
By product type, the laser market can be categorized as fiber optic, vertical cavity surface emitting, compact disc, red, violet, and green lasers. Fibre optic lasers have seen a growing demand in recent years since they facilitate better connectivity.
The primary end-users of semiconductor lasers include healthcare, optical devices lithography, sensors, defense, display, communication, and printing. Growth in defense and medical sectors along with higher availability of funds in these sectors drive the market demand. The rising popularity of information storage is also a key contributor to the market growth.
Low tolerance for packaging error and delicate assembly requirements might hinder the market growth in the coming years.
Geographically, the market can be divided into North America, Europe, the Asia Pacific, and the Middle East & Africa.
The Asia Pacific region is an emerging market for semiconductor lasers and is expected to have the highest market growth in the coming years. This hike is because of increasing manufacturing units and industrilization in the region.
China, Japan, and Korea have the most number of smartphone manufacturers globally, including companies like Apple, Samsung, Oneplus, and Vivo. This increases the demand for semiconductor lasers in the regions to fulfil the requirement of smartphone manufacturers.
North America and Europe are the major contributors to the market share, owing to the prevalence of industry leaders in the region. Government regulations, availability of funds for research, and use of advanced technology are some other factors that boost the consumption of semiconductor lasers in these regions. Further, the U.S. Federal Government, in association with the International Electrotechnical Commission, has taken the initiative to support the use of 3D printers in healthcare which will boost the market demand.
Global semiconductor laser industry players employ strategies like mergers & acquisitions and collaborations to get a competitive advantage.
For instance, Sumitomo Electric Industries Ltd. launched a non-contact multi-fiber optical ferrule technology in partnership with Senko Advanced Components, called AirM. This will advance the market standing of Sumitomo Electric by solving various existing MPO connector problems.
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)