North America Laser Diode Market Forecast to 2030
North America Laser Diode Market Forecast to 2030 – Regional Analysis – by Doping Material (AlGaInP, GaAlAs, GaN, InGaN, and Others), Wavelength (Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue-Violet Laser Diode, and Others), and Application (Telecommunication, Consumer Electronics, Healthcare & Life Sciences, Automotive, Military & Defense, and Others)
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Description
Rise in Electronics Industry Fuels North America Laser Diode Market
A laser diode is a semiconductor that plays a vital role in electronic devices where producing coherent light is essential. Thus, the rise in demand for laser diodes is directly associated with the growth of the electronic industry. The consumer electronic industry’s growth is attributed to the growing urbanization and rising disposable income. The growth in people’s disposable income will contribute to the strong purchasing power of consumer electronics such as television sets and microwaves. According to the US Bureau of Economic Analysis March 2023, disposable personal income (DPI) in the US grew by 0.5% in February 2023 compared to January 2023. Further, in 2022, reiterating its commitment to forward-leaning microelectronics research, DARPA launched ERI 2.0, emphasizing technologies that can enable electronic systems to function in harsh environments and potential for cutting-edge manufacturing. DARPA intends to invest an additional US$ 3 billion in these projects over the following five years. Such initiatives by the government attract global electronic manufacturers to establish units in the country, which contributes to the expansion of the electronic industry. The expansion of electronics industry is further expected to boost the demand for laser diodes.
North America Laser Diode Market Overview
The North America laser diode market is segmented into US, Canada, and Mexico. The market for laser diodes is expanding due to the increased demand for laser-based systems and components in metal processing, consumer electronics, and medical equipment. Moreover, laser diodes have applications in modern defense systems as laser diodes help the military with non-lethal weapons. For instance, in April 2023, the US Department of Defense (DOD) contracted NUBURU to be a part of the multiple award Indefinite Delivery/Indefinite Quantity (IDIQ) contract for the fabrication and delivery of equipment and prototypes to support solid-state high energy laser (HEL) weapon systems.
Several players across North America have launched laser diodes for the application of imaging. For instance, in October 2022, Biotium partnered with OMEC Medical to develop and launch the next-generation Gel-Bright Laser Diode Gel Illuminator. The launched product has excellent performance with a wide range of fluorescent dyes, and it does not require laser safety goggles
North America Laser Diode Market Revenue and Forecast to 2030 (US$ million)
North America Laser Diode Market Segmentation
The North America laser diode market is segmented based on doping material, wavelength, application, and country. Based on doping material, the North America laser diode market is segmented into AlGaInP, GaAlAs, GaN, InGaN, and others. The AlGaInP segment held the largest market share in 2022.
In terms of wavelength, the North America laser diode market is segmented into infrared laser diode, red laser diode, blue laser diode, blue-violet laser diode, and others. The infrared laser diode segment held the largest market share in 2022.
By application, the North America laser diode market is segmented into telecommunication, consumer electronics, healthcare & life sciences, automotive, military & defense, and others. The telecommunication segment held the largest market share in 2022.
Based on country, the North America laser diode market is segmented into the US, Canada, and Mexico. The US dominated the North America laser diode market share in 2022.
ams -ORSAM AG, Coherent Corp, IPG Photonics Corp, Jeptonik AG, Mitsubishi Electric Corp, Nuvoton Technology Corporation, Sharp Corp, Sheumann Laser Inc, Sumitomo Electric Industries Ltd, and TRUMPH SE + CO KG are some the leading companies operating in the North America laser diode market.
Summary Info
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According to the Research Team’ research, the North America laser diode market was valued at US$ 2,031.78 million in 2022 and is expected to reach US$ 5,508.93 million by 2030, registering a CAGR of 13.3% from 2022 to 2030. Miniaturized electronics and rise in electronics industry are among the critical factors attributed to the North America laser diode market expansion.
The miniaturization of electronic components plays an important role in the electronic industry. It helps save space so that additional parts or technology can be integrated, and the overall size of consumer electronics, medical devices, and automobiles can be reduced. For example, the free-up component space can allow the incorporation of larger batteries without impacting the size of the electronic device, which contributes to manufacturers’ and end users’ interest in adopting miniaturization technology. The miniaturization of electronics leads to less power consumption due to its small size and enhanced efficiency. Due to the benefits of miniaturization technology, the demand for miniature components will increase. A laser diode is a suitable option to fit in miniature devices as it generates high output power compared to light-emitting diode (LED). Laser diodes offer advanced sensing ranges and high precision, leading to their adoption over LED in various industry verticals such as medical, telecommunications, industrial, and automation. Thus, the rise in miniaturized electronics and its compatibility with laser diodes is anticipated to fuel the market for laser diodes during the forecast period.
On the contrary, stringent government standards to use laser-based products hurdles the growth of North America laser diode market.
Based on doping material, the North America laser diode market is segmented into AlGaInP, GaAlAs, GaN, InGaN, and others. The AlGaInP segment held 30.3% market share in 2022, amassing US$ 615.98 million. It is projected to garner US$ 1,756.68 million by 2030 to expand at 14.0% CAGR during 2022-2030.
By wavelength, the North America laser diode market is categorized into infrared laser diode, red laser diode, blue laser diode, blue-violet laser diode, and others. The infrared laser diode segment held 32.9% share of North America laser diode market in 2022, amassing US$ 669.30 million. It is projected to garner US$ 1,968.27 million by 2030 to expand at 14.4% AGR during 2022-2030.
In terms of application, the North America laser diode market is categorized into telecommunication, consumer electronics, healthcare & life sciences, automotive, military & defense, and others. The telecommunication segment held 26.7% share of North America laser diode market in 2022, amassing US$ 543.36 million. It is projected to garner US$ 1,664.07 million by 2030 to expand at 15.0% CAGR during 2022-2030.
Based on country, the North America laser diode market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.7 % share of North America laser diode market in 2022. It was assessed at US$ 1,701.00 million in 2022 and is likely to hit US$ 4,756.00 million by 2030, exhibiting a CAGR of 13.7% % during 2022-2030 .
Key players operating in the North America laser diode market are ams -ORSAM AG, Coherent Corp, IPG Photonics Corp, Jeptonik AG, Mitsubishi Electric Corp, Nuvoton Technology Corporation, Sharp Corp, Sheumann Laser Inc, Sumitomo Electric Industries Ltd, and TRUMPH SE + CO KG, among others.
In Jun 2023, Coherent Corp announced the introduction of its next-generation pump laser diode, with 65 W of output power for fiber lasers in industrial and consumer applications.
In Sep 2020, Topigs Norsvin entered strategic partnership with Acuity swine genetics company.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America laser diode market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America laser diode market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Laser Diode Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. North America Laser Diode Market – Key Industry Dynamics
5.1 Laser Diode Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rise in Electronics Industry
5.2.2 Rise in Adoption of VCSEL for 3D Sensing Applications
5.2.3 Strategic Initiatives by Market Players
5.3 Market Restraints
5.3.1 Stringent Government Standards to Use Laser-based Products
5.4 Market Opportunities
5.4.1 Growing Telecommunication Industry
5.5 Future Trends
5.5.1 Miniaturized Electronics
5.6 Impact of Drivers and Restraints:
6. Laser Diode Market – North America Market Analysis
6.1 Laser Diode Market Revenue (US$ Million), 2022 – 2030
6.2 Laser Diode Market Forecast and Analysis
7. North America Laser Diode Market Analysis – Doping Material
7.1 AlGaInP
7.1.1 Overview
7.1.2 AlGaInP Market, Revenue and Forecast to 2030 (US$ Million)
7.2 GaAlAs
7.2.1 Overview
7.2.2 GaAlAs Market, Revenue and Forecast to 2030 (US$ Million)
7.3 GaN
7.3.1 Overview
7.3.2 GaN Market, Revenue and Forecast to 2030 (US$ Million)
7.4 InGaN
7.4.1 Overview
7.4.2 InGaN Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Laser Diode Market Analysis – Wavelength
8.1 Infrared Laser Diode
8.1.1 Overview
8.1.2 Infrared Laser Diode Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Red Laser Diode
8.2.1 Overview
8.2.2 Red Laser Diode Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Blue Laser Diode
8.3.1 Overview
8.3.2 Blue Laser Diode Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Blue-Violet Laser Diode
8.4.1 Overview
8.4.2 Blue-Violet Laser Diode Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. North America Laser Diode Market Analysis – Application
9.1 Telecommunication
9.1.1 Overview
9.1.2 Telecommunication Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Consumer Electronics
9.2.1 Overview
9.2.2 Consumer Electronics Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Healthcare and Life Sciences
9.3.1 Overview
9.3.2 Healthcare and Life Sciences Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Military and Defense
9.5.1 Overview
9.5.2 Military and Defense Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. North America Laser Diode Market – Country Analysis
10.1 North America
10.1.1 North America Laser Diode Market Overview
10.1.2 North America Laser Diode Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 North America Laser Diode Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Laser Diode Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 US Laser Diode Market Breakdown by Doping Material
10.1.2.2.2 US Laser Diode Market Breakdown by Wavelength
10.1.2.2.3 US Laser Diode Market Breakdown by Application
10.1.2.3 Canada Laser Diode Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Canada Laser Diode Market Breakdown by Doping Material
10.1.2.3.2 Canada Laser Diode Market Breakdown by Wavelength
10.1.2.3.3 Canada Laser Diode Market Breakdown by Application
10.1.2.4 Mexico Laser Diode Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Mexico Laser Diode Market Breakdown by Doping Material
10.1.2.4.2 Mexico Laser Diode Market Breakdown by Wavelength
10.1.2.4.3 Mexico Laser Diode Market Breakdown by Application
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Coherent Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 IPG Photonics Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nuvoton Technology Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sharp Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Sheaumann Laser, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sumitomo Electric Industries Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 TRUMPF SE + Co KG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Jenoptik AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Mitsubishi Electric Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ams-OSRAM AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Laser Diode Market Segmentation
Table 2. Laser Diode Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Laser Diode Market Revenue and Forecasts To 2030 (US$ Million) – Doping Material
Table 4. Laser Diode Market Revenue and Forecasts To 2030 (US$ Million) -Wavelength
Table 5. Laser Diode Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. North America Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. US Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Doping Material
Table 8. US Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Wavelength
Table 9. US Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. Canada Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Doping Material
Table 11. Canada Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Wavelength
Table 12. Canada Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. Mexico Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Doping Material
Table 14. Mexico Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Wavelength
Table 15. Mexico Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Company Positioning & Concentration
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Laser Diode Market Segmentation, By Countries
Figure 2. Ecosystem: Laser Diode Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Laser Diode Market Revenue (US$ Million), 2022 – 2030
Figure 5. Laser Diode Market Share (%) – Doping Material, 2022 and 2030
Figure 6. AlGaInP Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. GaAlAs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. GaN Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. InGaN Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Laser Diode Market Share (%) – Wavelength, 2022 and 2030
Figure 12. Infrared Laser Diode Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Red Laser Diode Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Blue Laser Diode Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Blue-Violet Laser Diode Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Laser Diode Market Share (%) – Application, 2022 and 2030
Figure 18. Telecommunication Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Consumer Electronics Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Healthcare and Life Sciences Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Military and Defense Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. North America Laser Diode Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 25. Laser Diode Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. US Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Canada Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Mexico Laser Diode Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – North America Laser Diode Market
1. ams -ORSAM AG
2. Coherent Corp
3. IPG Photonics Corp
4. Jeptonik AG
5. Mitsubishi electric Corp
6. Nuvoton technology Corporation
7. Sharp Corp
8. Sheumann Laser, Inc
9. Sumitomo Electric Industries Ltd
10. TRUMPH SE + CO KG
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