Report : Asia Pacific Visible and UV Laser Diode Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Doping Material (AIGaInP, GaN, and InGaN), Mode (Single Mode and Multi-Mode), and Application (Industrial, Defense, Scientific, and Others)
Industrial Segment to Dominate Asia-Pacific Visible and UV Laser Diode Market during 2019–2028
According to a new market research study on “Asia-Pacific Visible and UV Laser Diode Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Doping Material, Mode, and Application,” is expected to reach US$ 1,105.82 million by 2028 from US$ 665.72 million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. Rising adoption across the automotive sector is the major factor driving the growth of the Asia-Pacific visible and UV laser diode market. However, uptake of LEDs over UV laser diodes may hinder the growth of Asia-Pacific visible and UV laser diode market. The report provides trends prevailing in the Asia-Pacific visible and UV laser diode market along with the drivers and restraints pertaining to the market growth.
The Asia-Pacific visible and UV laser diode market is segmented into doping material, mode, application, and country. Based on doping material, the Asia-Pacific visible and UV laser diode market can be segmented into a AlGaInP, GaN, and InGaN. In 2020, the AlGaInP segment held the largest share Asia-Pacific visible and UV laser diode market. On the basis of mode, the Asia-Pacific visible and UV laser diode market is segmented into single mode and multi-mode. In 2020, the single mode segment held the largest share Asia-Pacific visible and UV laser diode market. On the basis of application, the Asia-Pacific visible and UV laser diode market is categorized into industrial, defense, scientific, and others. In 2020, the industrial segment held the largest share Asia-Pacific visible and UV laser diode market. Asia-Pacific visible and UV laser diode market, based on country, is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia-Pacific. China held the largest share Asia-Pacific visible and UV laser diode market.
ASML Holding N.V; BLUGLASS LIMITED; Coherent, Inc.; IPG Photonics; Jenoptik AG; Newport Corporation; Nuvoton Technology Corporation; Osram Litch AG; and Trumpf Group are among the leading companies in the Asia-Pacific visible and UV laser diode market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, BluGlass Limited, an Australian semiconductor company, has agreed to pay US$2.5 million for a commercial Silicon Valley laser diode production facility lease and manufacturing equipment (the Fab). BluGlass' growth plan will be accelerated by the acquisition, which will greatly increase its laser diode manufacturing capacity and move forward higher-value product development deadlines.
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