Report : Europe 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)
Single Mode Segment to Dominate Europe Visible and UV Laser Diode Market during 2019–2028
According to a new market research study on “Europe 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$ 1,430.87 million by 2028 from US$ 949.33 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. Increase in strategic initiatives and product development by players is the major factor driving the growth of the Europe visible and UV laser diode market. However, uptake of LEDs over UV laser diodes may hinder the growth of Europe visible and UV laser diode market. The report provides trends prevailing in the Europe visible and UV laser diode market along with the drivers and restraints pertaining to the market growth.
The Europe visible and UV laser diode market is segmented into doping material, mode, application, and country. Based on doping material, the Europe visible and UV laser diode market can be segmented into a AlGaInP, GaN, and InGaN. In 2020, the AlGaInP segment held the largest share Europe visible and UV laser diode market. On the basis of mode, the Europe visible and UV laser diode market is segmented into single mode and multi-mode. In 2020, the single mode segment held the largest share Europe visible and UV laser diode market. On the basis of application, the Europe visible and UV laser diode market is categorized into industrial, defense, scientific, and others. In 2020, the scientific segment held the largest share Europe visible and UV laser diode market. Europe visible and UV laser diode market, based on country, is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Germany held the largest share Europe visible and UV laser diode market.
ASML Holding N.V; Coherent, Inc.; IPG Photonics; Jenoptik AG; Newport Corporation; Nuvoton Technology Corporation; Osram Litch AG; and Trumpf Group are among the leading companies in the Europe 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, MKS Instruments, Inc. stated that it has entered into a formal agreement to purchase Photon Control Inc. for CAD$ 3.60 per share in an all-cash deal valued at approximately CAD$ 387 million, with a CAD$ 343 million enterprise value.
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