The semiconductor laser market is projected to grow from $3.1 billion in 2023 to more than $5 billion in 2029. Yole Group announces a 9% CAGR during this period. This growth will continue to be driven by several factors.
Indeed, analysts underline significant and rapid technological advancements, a growing demand across multiple industries, and a push for higher performance at lower cost. Trends such as the expansion of applications using lasers, the shift toward energy efficiency, compact size and precision, and the growth in integration with multiple technology platforms including SOI, SiN, InP and TFLN are shaping the future of the semiconductor laser market, announces Yole Group.
At the same time, geopolitical factors and supply chain challenges are prompting manufacturers to adopt more resilient production strategies. Overall, the semiconductor laser industry is positioned for significant growth, driven by innovations in both established and emerging markets.
Photonics has taken its place alongside electronics as a critical enabling technology for the twenty-first century. Photonics-based solutions are entrenched in a broad array of industries, including microelectronics, flat-panel displays, machine tools, automotive, and medical diagnostics, with adoption continuing in ever more diverse applications.
Martin Vallo, PhD Senior Technology & Market Analyst, Photonics at Yole Group asserts:“In this dynamic context, the laser market has grown significantly during the last 40 years. At Yole Group, we announce a few millions to few billion dollars! Without doubt, laser technologies represent huge potential. That is why, at Yole Group, we investigate this domain by analyzing the innovative solutions and the applications."
Yole Group has unveiled its first semiconductor laser-focused report, Semiconductor Laser Industry 2024, offering a comprehensive analysis of semiconductor laser markets across key sectors: communication, industrial, medical, consumer, automotive, and aerospace and defense. This in-depth report provides an overview of main applications and sub-applications, explores technical and market trends, and identifies key growth drivers...
- To read the full story, please click: Illuminating the future: semiconductor lasers driving innovation
- More about Yole Group
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