Semiconductor Laser Market by Service (Home Geriatric Care Services, Adult Geriatric Day Care Service, Institutional Geriatric Care Services), by Payment Source (Geriatric Care Services Payment via Public Insurance, Geriatric Care Services Payment via Private Insurance, Out-of-Pocket Geriatric Care Services Payment, Geriatric Care Services Payment via Other Sources), and Region Global Forecast 2022 to 2032

The global semiconductor laser market size was valued at USD 5.46 billion in 2017. The market is primarily driven by the rising demand for high speed optical network applications. Semiconductor lasers have witnessed an increasing demand in the optical communications applications due to its low costs, easy tune ability of wavelengths and the low power consumption levels

Semiconductor laser also known as laser diode is a device which enables laser oscillation by transmitting an electric current to semiconductor. Semiconductor lasers are primarily diodes which produces coherent light through the process of stimulated emission suing a semiconductor gain as a medium. They are widely used in optical communication as a light source for data transmission because of their compact nature, ease of integration, increased output power. The semiconductor laser market applications have expanded with the advancements in the field of lasers and its enabling technologies, rendering the production of inexpensive commercial semiconductor lasers.

The Semiconductor Laser Market is expected to reach US$ 954 Million during the forecast period at 2032 a 6% CAGR. 

The global semiconductor laser market is witnessing an upward momentum in terms of its application mainly due to its high efficiency rate at a compact size. Semiconductor laser output can be conveniently increased by controlling the junction rate. The R&D activities in the production of semiconductor lasers are being carried out an accelerated pace globally. This has enabled availability of cheaper commercially available laser diodes, which has extended the semiconductor laser market applications.

The global semiconductor laser market analysis segmented on the basis of its applications is dominated by the communication industry, constituting more than 30% of the global market. The high rate of applicability in optical communication has been the primary driver of the global semiconductor laser industry. Laser diodes have become a key component of broadband communication systems. These lasers are deployed as a high speed transmitter in digital and analog fiber optic networks, as high power pulsed lasers for testing and field measurement, and to pump lasers in Erbium doped amplifiers (EDFAs). However, the healthcare industry is expected to exhibit attractive growth opportunities during the forecast period due to increasing medical procedures in the field of dermatology, dentistry, ophthalmology, and cardiovascular surgeries using semiconductor lasers.

Asia Pacific held the largest market in terms of revenue in the global semiconductor laser market due to rapid advancements in communication technology and healthcare sector. The fast growing economies in this region are setting up optical communication throughout their respective countries to keep pace with the modern day technological advancements in high speed data transmission. The advancements in the healthcare sectors in countries such as India, China, Japan, and Southeast Asia is also propelling the demand for semiconductor laser industry.

Over the years, semiconductor lasers have become a widely used tool in a diverse range of applications. Advances in printing techniques with the introduction of 3D printing is further expected to solidify the demand for semiconductor lasers in industrial applications. Furthermore, the increasing significance of laser diodes in mission critical aerospace and defense applications is expected to accelerate the global semiconductor laser market size.

Semiconductor Laser Market Scope 

Key segments of the global semiconductor lasers market

Type Overview (USD million)

• Fiber Optic Laser
• Vertical Cavity Surface Emitting Laser
• Compact Disc Laser
• High Power Diode Laser
• Red Laser
• Violet Laser
• Green Laser
• Blue Laser

Application Overview (USD million)

• Optical Storage
• Lithography
• Healthcare
• R&D and Defence
• Sensors
• Display
• Printing
• Communication
• Industrial

Regional Overview, 2015-2025 (USD million)

• North America
  • US
• Europe
  • UK
  • Ireland
  • Spain
  • Italy
  • France
  • Germany
• Asia Pacific
  • South Korea
  • Japan
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Chile
• Middle East & Africa