The worldwide laser diode market is anticipated to increase during the forecast period due to the expanding use of laser diodes in numerous end-use industries. There are several uses for laser diodes, including communication, automation of manufacturing processes, material processing, data storage, the medical field, displays, and sensing. High-speed laser diodes are used in the fibre optical communication business to transport data via telephone and Internet networks. Distributed feedback laser diodes power the bulk of optical fibre networks. Globally, there is a greater development of optical fibre networks due to the rising demand for high-speed Internet services like 3G and long Term Evaluation (LTE), as well as cloud services.
The global Laser Diode Market is estimated to be valued at US$ 11.9 million in 2021 and is expected to exhibit a CAGR of 18.8% over the forecast period (2021-2028).
Key Competitors in the Laser Diode Industry:
1.ASML Holding NV
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
2.Trumpf GmbH + Co. KG
Terumo Corporation engages in the manufacture and sale of medical products and equipment worldwide. The company operates through three segments: Cardiac and Vascular Company, Medical Care Solutions Company, and Blood and Cell Technologies Company. Terumo Corporation was incorporated in 1921 and is headquartered in Tokyo, Japan. In March, 2022 Terumo Corporation a global leader in medical technology, and Glooko, a global leader in data management, remote patient monitoring and mobile apps for people with chronic conditions, have announced a technology integration to deliver new diabetes data sharing solutions together globally.
3. Axcel Photonics, Inc.
Founded in 2000, Axcel Photonics Inc. manufactures semiconductor diode lasers. The Company offers product lines includes lasers for solid-state laser pumping, medical, telecommunication, imaging, laser display, printing, and spectroscopy applications. The company has headquarters situated in Marlborough, MA, US.
4. Sumitomo Electric Industries, Ltd.
Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. The company was founded in 1897 and is headquartered in Osaka, Japan. In January, 2023 Sumitomo Electric Industries, Ltd. has received its first overseas commercial order for power line communication (PLC)*¹ string*² monitoring units from a German photovoltaic (PV) power generation and Engineering, Procurement and Construction (EPC) company, bes new Energy GmbH.
5. Coherent Inc.
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates in two segments, Compound Semiconductors and Photonic Solutions. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania. In February, 2023 Coherent Corp. a leader in pump laser technology for erbium-doped fiber amplifiers (EDFAs) deployed in optical networks, announced the industry’s first dual-chip pump laser module with up to 1000 mW of output power per fiber in a 10-pin butterfly package.
6. Sharp Corporation
Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. Sharp Corporation was founded in 1912 and is headquartered in Sakai, Japan.
7. Rofin-Sinar Technologies Inc. (Coherent Inc.)
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates in two segments, Compound Semiconductors and Photonic Solutions. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania. In February, 2023 Coherent Corp. a leader in pump laser technology for erbium-doped fiber amplifiers (EDFAs) deployed in optical networks, announced the industry’s first dual-chip pump laser module with up to 1000 mW of output power per fiber in a 10-pin butterfly package.
8. IPG Photonics Corp.
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.
*Definition- A semiconductor device known as a laser diode, also known as a diode laser or injection laser diode, can produce lasing conditions when it is directly injected with electrical current.
