Visible and UV Laser Diode Market Research Report and Outlook by 2028

The market for visible and UV laser diodes is anticipated to grow significantly, reaching a value of approximately US$ 4,497.40 million by 2028, up from US$ 3,127.50 million in 2021. This growth represents a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028.

In the Asia Pacific region, the visible and UV laser diode market is segmented by country, including Australia, China, India, Japan, South Korea, Indonesia, Taiwan, Thailand, Vietnam, and other areas within Asia Pacific. As of 2020, China has established itself as the leading country in this market, primarily due to its rapid economic development, extensive industrialization, and significant manufacturing capabilities.

The classification of visible and UV laser diodes is based on various criteria, including the type of doping material, operational mode, application area, and geographical location. The doping materials used include AlGaInP, GaN, and InGaN. The operational modes are categorized into single mode and multi-mode. Applications for these diodes span across industrial, defense, scientific, medical, and other sectors. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

Recently, there has been a notable shift towards multi-mode diode lasers, which have gained traction over traditional single-mode lasers. This trend is largely due to their enhanced power output and broader beam diffraction, allowing for light emission over larger areas, making them ideal for medical, industrial, and illumination purposes. Multi-mode laser diodes are particularly advantageous for applications requiring higher power levels. They are available in both free-space and fiber-coupled configurations, with output powers ranging from 100 mW to 10 W per emitter, depending on the wavelength. These diodes are utilized in various applications, including fiber laser pumping, laser cladding, surface-enhanced Raman spectroscopy (SERS), and machine vision. The increasing availability and versatility of multi-mode laser diodes have significantly contributed to the rising demand, thus propelling the growth of the global visible and UV laser diode market.

The application of visible and UV laser diodes in the medical field has seen a marked increase, particularly for the treatment of skin disorders such as acne, psoriasis, and fine lines. According to the American Academy of Dermatology Association, acne is the most prevalent skin condition in the United States, affecting around 50 million individuals annually. Other common skin issues in the region include atopic dermatitis, psoriasis, and rosacea, with approximately 7.5 million and 16 million Americans suffering from psoriasis and rosacea, respectively, each year. Dermatologists are increasingly turning to UV laser diodes as a viable treatment option to reduce the redness associated with these skin conditions. The rising incidence of such dermatological issues in North America is thus a key driver for the expansion of the visible and UV laser diode market.

Effects of the COVID-19 Pandemic on the MEA Visible and UV Laser Diode Market

In the early stages of the COVID-19 pandemic, countries in the Middle East & Africa (MEA), including Turkey, Iran, Iraq, Israel, Saudi Arabia, and the UAE, faced significant challenges. However, as the region progresses towards recovery, it is expected that the supply and demand dynamics for goods and services will stabilize by 2022.

The visible and UV laser diode market in the MEA region is witnessing growth, partly due to government initiatives aimed at attracting foreign investment. In the medical sector, there is an increasing demand for laser treatments to address various skin conditions, including psoriasis, acne, and hair removal. While topical and oral medications such as antibiotics, antimicrobials, and retinoids are commonly used for acne treatment, they often come with adverse side effects and require considerable time to show results. As a result, researchers have been investigating alternative treatment methods for acne in recent years.

The global visible and UV laser diode market is primarily driven by the rising adoption of these diodes in medical applications across both developed and developing nations. Beyond medical uses, visible and UV laser diodes are also employed as control devices by law enforcement agencies, including tasers, batons, and pepper spray. Military and police forces in various countries are increasingly integrating visible and UV laser diodes into their operations, which may have implications for the health services of military personnel. Although LEDs are simpler and offer several advantages, such as their semiconductor nature and versatility, they are more widely recognized and can accommodate a broader range of applications. Consequently, the preference for LEDs over laser diodes is somewhat hindering the growth of the global visible and UV laser diode market.

Key players in the visible and UV laser diode market include OSRAM International GmbH, OSI LaserDiode, TRUMPF, Nichia Corporation, and Newport Corporation, which collectively hold a significant share of the market.

The size of the visible and UV laser diode market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research to gather both qualitative and quantitative data from various internal and external sources related to the market size. This approach also provided a comprehensive overview and forecast of the visible and UV laser diode market across all segments. To validate the findings and gain deeper analytical insights, multiple primary interviews were conducted with industry experts, including VPs, business development managers, market intelligence managers, and national sales managers. Additionally, external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the visible and UV laser diode market, were involved in the research process.