Global Semiconductor Lasers Market to Expand at 7.10% CAGR owing to the Rapidly Expanding End-use Markets

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:

By Type

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

By Application

Optical storage devices

Lithography

Healthcare

Defense and R&D

Sensors

Display

Printing

Communication

Industrial

By Geography

North America

Europe

Asia-Pacific

Rest of the World

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About Us

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.

Semiconductor Lasers Market to Rise Owing to their Utilization in a Variety of Communication Applications

semiconductor laser is a solid state laser, which is developed similar to a semiconductor diode, wherein electrons are connected to predesignated ‘electron holes’ near the junction of the anode and the cathode, and emit band gap radiation, as in the case of light-emitting diodes or LEDs. Semiconductor lasers are a dynamically evolving technology and the market for semiconductor lasers is predicted to expand at an expeditious rate. These lasers have numerous inbuilt advantages, namely high efficiency, compact size, and reduced costs in comparison to traditional laser technologies, due to which they are widely used in various laser applications.The global semiconductor lasers market is predicted to be valued more than US$7.69 billion by 2020, expanding at a CAGR of 7.1% between 2014 and 2020.

Browse Full Global Semiconductor Lasers Market Report With Complete TOC @ http://www.transparencymarketresearch.com/semiconductor-lasers-market.html

Communication Application Segment Surfaced as the Biggest Segment

Semiconductor lasers find usage in a number of applications, namely sensors, optical storage devices, healthcare, industrial machinery manufacturing, communication, lithography, and defense. The communication application segment represented a revenue share of 32.2% and is the biggest application segment of the semiconductor lasers market. Semiconductor lasers are utilized in a variety of communication applications, namely telecommunication, fiber, underwater, satellite, and free space communication, among others.

Fiber Optic Lasers Preferred over Light Emitting Diodes

In terms of type, the semiconductor laser market is segmented into vertical cavity surface emitting lasers, optic lasers, high power diode lasers, compact disc lasers, green lasers, violet lasers, and blue lasers. Amongst these, fiber optic lasers represented the biggest share in the market by taking up 44.4% of the overall semiconductor laser market in 2013. Fiber optic lasers are better than light emitting diodes (LED) owing to their capability to carry signals of different wavelengths over a single fiber. This is the reason why fiber optic lasers are being used in place of LEDs.

Red Lasers Being Replaced by Green Lasers and Blue Lasers for Printing Applications

High power diode lasers are predicted to experience the swiftest growth in the forecast period and are anticipated to expand at an 8.6% CAGR between 2014 and 2020. Semiconductor lasers have been greatly utilized in fiber laser pumping to meet the high brightness and high power and to enable decreased cost of manufacturing. The increasing demand for high power diode lasers is due to their utilization in defense, material processing, consumer electronics, and solid state laser pumping. Green lasers and blue lasers are developing technologies that have been used in place of red lasers for optical storage, printing applications, and manufacturing of consumer electronics.

Asia Pacific Semiconductor Laser Market: The Biggest and Most Swiftly Developing Market

Asia Pacific is the largest and the most swiftly developing regional market for semiconductor lasers and represented a revenue share of 37.5% in the total semiconductor lasers market in 2013. The major reason for the growth of this market is the expanding communication industry in countries such as South Korea, Australia, India, and China. North America and Europe will witness steady growth in the forecast horizon owing to the improving economic conditions in the prime countries in these regions.

The key companies in the market for semiconductor lasers are ASML Holding NV, Trumpf GmbH + Co KG, and Coherent Inc, Rofin-Sinar Technologies Inc.

Request a Sample of this Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=5387

About Us

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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