According to a market report by Lucintel, the future of the global visible and UV laser diode market looks promising with opportunities in the industrial, defense, scientific and medical markets. The global visible and UV laser diode market is expected to reach an estimated $4.8 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising adoption across the automotive sector and growing demand for laser-based medical devices for various skin conditions, such as acne, psoriasis, and hair removal.
In this market, AIgaInP, GaN, and InGaN are the major segments of visible and UV laser diode market by doping material.
Lucintel forecast that AIgaInP is expected to witness highest growth over the forecast period.
Within this market, industrial will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
ASML Holding, Coherent, IPG Photonics, Newport, Nuvoton Technology, Jenoptik , Sheaumann Laser, Osram Litch, Trumpf, and Bluglass are the major suppliers in the visible and UV laser diode market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]