A recently released report from Transparency Market Research (TMR) forecasts that the global semiconductor lasers market will grow at a CAGR of 7.10% from 2014 to 2020. TMR, a market intelligence firm, the global semiconductor lasers market which in 2013 stood at US$4.8 bn is anticipated to reach US$7.7 bn by the end of the forecast period. The report, titled ‘Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, is available for sale on the company website.
Browse the full Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/semiconductor-lasers-market.html
According to this market research report, the global semiconductor lasers market is driven by the rapidly expanding end-use markets and the benefits of semiconductor lasers over different types of light sources. The semiconductor laser technology is gaining a lot of importance in most end-use markets and is expected to increase over the next couple of years as well. Semiconductor lasers amplify light by making use of active semiconductor components. Semiconductor lasers are gradually becoming an integral part of modern systems that are essentially laser based, and they are successfully replacing the conventional types of lasers that are used extensively in a host of applications.
This TMR report segments the global semiconductor lasers market on the basis of type, applications, and geography. On the basis of type of semiconductor lasers, this market is segmented into fiber optic lasers, vertical cavity surface emitting laser (VCSEL), compact disc lasers, high power diode lasers (HPDL), red lasers, violet diode lasers, green lasers, and blue laser diode. Fiber optic lasers are the most extensively used types of semiconductor lasers, mostly in the area of communication technology.
Application-wise, the global semiconductor lasers market is categorized into optical storage, lithography, healthcare, defense and R&D, sensors, display, printing, communication, and industrial. The communications application segment holds the highest share of the global semiconductor lasers market. The segment for printing applications is projected to witness a robust growth in the near future because of its widening applicability in commercial printings and in offices. The demand for semiconductor lasers from areas such as the healthcare industry, industrial machinery, display manufacturing, and sensors manufacturing is expected to surge significantly during the forecast period.
Geographically, the report segments the global semiconductor lasers market into Asia Pacific, North America, Europe, and Rest of the World. With a market share of more than 37%, the global semiconductor lasers market is led by the Asia Pacific semiconductor lasers market. Owing to factors such as surging demand for display and communication devices, computers, and the greater industrial automation and industrialization, it is expected that the Asia Pacific semiconductor lasers market will expand robustly during the forecast period. The report identifies the following prominent players in the global semiconductor lasers market: Trumpf GmbH + Co. KG, Sumitomo Electric Industries Ltd., Sharp Corporation, Rofin-Sinar Technologies Inc., Newport Corp., IPG Photonics Corp., Coherent Inc., Axcel Photonics Inc., and ASML Holding NV.
The semiconductor lasers market is segmented as below:
- Fiber optic lasers (FOL)
- Vertical cavity surface emitting lasers (VCSEL)
- Compact disc lasers (CDL)
- High power diode lasers (HPDL)
- Red lasers
- Violet lasers
- Green lasers
- Blue lasers
- Optical storage devices
- Defense and R&D
- North America
- Rest of the World
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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