The demand for less energy-consuming headlights from automobile manufacturers is propelling the need for laser diode headlights over traditional LED lights. Integrating such low energy-power-consuming lights also lowers the power needs of car batteries. Monochromatic wavelengths are dispersed with phosphor in laser diode applications, creating a more natural illumination than laser alone while maintaining the energy efficiency needed by a car manufacturer or owner. Laser diode light fixtures produce a more focused point of light, improving driving safety and reducing the unpleasant glare produced by halogen lights. Apart from safety applications, laser diodes are also applied for vehicle-to-vehicle communication and manufacturing LIDAR sensors. Thus, the rise in the uptake of laser diodes across vehicle manufacturing is propelling the market's growth significantly.
Moreover, the automotive industry has also experienced a rise in vehicle manufacturing in developed and developing nations. The rise in living standards and increase in the spending capacity of the population across the region is boosting the demand for passenger cars, which, in turn, is influencing the growth of the visible and UV laser diode market. In China, the number of passenger cars is 21,407,962, and the number of commercial vehicles is 4,674,258. In Japan, the number of passenger cars is 6,619,242, and the number of commercial vehicles is 1,227,713. Similarly, in India, the number of passenger cars is 3,631,095, and the number of commercial vehicles is 768,017.
Thus, the rise in the manufacturing of passenger and commercial vehicles is positively impacting the demand for laser diodes, thereby driving the APAC visible and UV laser diode market.
Asia Pacific Visible and UV Laser Diode Market Segmentation
The Asia Pacific visible and UV laser diode market is analyzed on the basis of doping material, mode, application, and country. Based on doping material, the market can be segmented into AlGaInP, GaN, and InGaN. In 2020, the AlGaInP segment held the largest share in the market. Based on mode, the market is segmented into single-mode and multi-mode. In 2020, the single-mode segment held a larger share in the market. Based on the application, the market is categorized into industrial, defense, scientific, and others. In 2020, the industrial segment held the largest share in the market.
Based on country, the Asia Pacific visible and UV laser diode market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held the largest share in the Asia Pacific visible and UV laser diode market in 2020.
ASML Holding NV; Coherent, Inc.; IPG Photonics; Jenoptik AG; Newport Corporation; Nuvoton Technology Corporation; Osram Litch AG; and Trumpf Group are the leading companies in the regional market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 665.72 Million |
| Market Size by 2028 | US$ 1,105.82 Million |
| CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Doping Material
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Visible and UV Laser Diode Market is valued at US$ 665.72 Million in 2021, it is projected to reach US$ 1,105.82 Million by 2028.
As per our report Asia Pacific Visible and UV Laser Diode Market, the market size is valued at US$ 665.72 Million in 2021, projecting it to reach US$ 1,105.82 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The Asia Pacific Visible and UV Laser Diode Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Visible and UV Laser Diode Market report:
The Asia Pacific Visible and UV Laser Diode Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Visible and UV Laser Diode Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Visible and UV Laser Diode Market value chain can benefit from the information contained in a comprehensive market report.
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