Low Power Red Laser Diode Modules Market Share

Global Low Power Red Laser Diode Modules Market Overview:

The Low Power Red Laser Diode Module Market is expected to grow at a CAGR of 11.5% from 2023 with value of USD 1.6 billion to USD 4.2 billion in 2032, driven by increasing demand from industries such as automotive, medical, and consumer electronics. The market is segmented based on power range, application, and geography. Key players in the market include OSRAM, Citizen, and Industrial Laser.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Low Power Red Laser Diode Modules Market Trends

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  Surge in interest in powerful laser diodes is driving the market growth

  
  

Market CAGR for low power red laser diode modules is being driven by the surge in interest in powerful laser diodes. A semiconductor device called a laser diode emits, when exposed to direct electrical current, can create lasing conditions. These are capable of producing light directly from electrical energy. Laser diodes are compact, produce light with great efficacy for easier handling, and require less power. These are often referred to as injection laser diodes or diode lasers.

Additionally, multimode laser diodes, which have a larger emitter than single-mode laser diodes and can produce more power, are high-power laser diodes. Depending on the needed wavelength, the output power changes. From the UV (370 nm) through the mid-IR (>2 um) wavelengths, laser diodes are readily available. High-power laser diodes have output powers that can range from hundreds of mill watts to several watts at different wavelengths. Industrial high-brightness systems are being used for welded applications thanks to the readily accessible high-power diode laser systems in the kilowatt range, While high-power applications like cladding, additive manufacturing, brazing, and hardening use low-brightness laser diodes.

The 660 nm laser diodes have gained acceptance for a range of applications as the market has expanded, including industrial line lasers and measurement lasers. Red laser diodes in the 640 nm range, which is near to the He-Ne laser wavelength, are now being developed by laser manufacturing businesses. These are employed in scattering measures, such as flow cytometry and particle size measurement, and fluorescent bio-imaging techniques, such as confocal microscopy. Using solid-state and fiber lasers to process and refine rare earth a metal like neodymium, chromium, erbium, or ytterbium presents a serious risk of radioactive pollution brought on by slurry tailings. Thus, result in driving the Low Power Red Laser Diode Modules market revenue.

Low Power Red Laser Diode Modules Market Segment Insights:

Low Power Red Laser Diode Modules Type Insights

The Low Power Red Laser Diode Modules Market segmentation, based on type includes Gas Laser, Solid-State Laser, and Others. The gas laser segment dominated the market. A gas laser is a laser in which coherent light is produced by the discharge of an electric current through a gas. The gas laser was the first laser to work on the premise of transferring electrical power to a laser light output. It was also the first continuous-light laser.

Low Power Red Laser Diode Modules Application Insights

The Low Power Red Laser Diode Modules Market segmentation, based on Application, includes Industrial, Medical, Aerospace, Defense, and Others. The medical category generated the most income. Surgery, dermatology, gynecology, and many more medical specialties use laser diodes. Computable tomography for the early identification of cancer is one of the other medical uses for laser diodes. In aesthetic procedures like hair removal, laser diodes—particularly red, green, and blue laser diodes—are also employed. For treating kidney stones, removing spinal tumors, and restoring vision in the eyes and injured retinas.

Figure1: Low Power Red Laser Diode Modules Market, by Application, 2022 & 2032 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Low Power Red Laser Diode Modules Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Low Power Red Laser Diode Modules market area will dominate this market. This is due to the fact that laser technology is advancing more and more on a technological level for numerous applications, including those in the medical, telecommunication, military & defense, and automotive industries.

Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure2: Low Power Red Laser Diode Modules Market SHARE BY REGION 2022 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Low Power Red Laser Diode Modules market represents the second-largest market share because the healthcare sector is increasingly using laser diodes. Further, the German Low Power Red Laser Diode Modules market held a dominant market share, and the UK Low Power Red Laser Diode Modules market was the European region's fastest-growing market.

The Asia-Pacific Low Power Red Laser Diode Modules Market is expected to see the highest CAGR between 2023 and 2032. This is due to the presence of numerous electronics and auto manufacturing companies and an increase in consumer purchasing power. Moreover, China’s Low Power Red Laser Diode Modules market held a dominant market share, and the Indian Low Power Red Laser Diode Modules market was the Asia-Pacific region's fastest-growing market.

Low Power Red Laser Diode Modules Key Market Players & Competitive Insights

Leading market players are putting a lot of money on R&D to broaden the range of their goods, which will help the market for Low Power Red Laser Diode Modules grow even more. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses. To grow and endure in an increasingly competitive and challenging market environment, Low Power Red Laser Diode Modules industry must provide reasonably priced goods.

One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the global Low Power Red Laser Diode Modules industry to develop market sector and provide benefits to customers. In recent years, the Low Power Red Laser Diode Modules industry has provided some of the most important benefits for medical sector. Major players in the Low Power Red Laser Diode Modules market, including Coherent, Hamamatsu Photonics, Monocrom, Photonics Laboratories, EKSPLA, Quantel, Beamtech China, NeoLASE, CrystaLaser, ESi, SOC Showa Optronics, and others, invest in operations for research and development in an effort to improve market demand.

Hamamatsu Photonics K.K. produces optical sensors, electrically powered light sources, various optical devices, and the equipment that employ them for scientific, technical, and medical applications. Former student of "the father of Japanese television" Kenjiro Takayanagi, Heihachiro Horiuchi launched the business in 1953. Hamamatsu is cited as an example of a "Hidden Champion" by prominent German business author and thinker Hermann Simon in his book Hidden Champions of the Twenty-First Century: The Successful Strategies of Unknown World Market Leaders. In July 2022, By building manufacturing Building No. 5 at the Joko factory location in Japan, Hamamatsu Photonics increased its geographic reach. The facility would manage the rising demand for imaging and measurement devices such semiconductor failure analysis systems, digital cameras created for scientific measurement, and digital slide scanners.

Coherent, Inc., develops, produces, and offers support for laser equipment and related specialty components from its headquarters in Santa Clara, California. With five other individuals, physicist James Hobart started Coherent in May 1966. In 1970, it became public. Coherent developed its line of lasers over time to include those used in a variety of fields and applications. Its revenues increased from $400 million to roughly $2 billion between 2004 and 2021, thanks in part to a number of acquisitions. After acquiring Coherent, Inc. in 2022, II-VI Incorporated changed its name to Coherent Corp. In July 2022, By combining their businesses through this transaction, II?VI and Coherent became a leader in materials, networking, and lasers. The acquisition combined Coherent's scale, where laser systems are used, with II-VI's scale at value chain levels where material expertise is required.

Key Companies in the Low Power Red Laser Diode Modules market include

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  Coherent

  
  


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  Hamamatsu Photonics

  
  


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  Monocrom

  
  


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  Photonics Laboratories

  
  


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  EKSPLA

  
  


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  Quantel

  
  


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  Beamtech China

  
  


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  NeoLASE

  
  


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  CrystaLaser

  
  


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  ESi

  
  


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  SOC Showa Optronics

  
  


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  HÜBNERPhotonics

  
  


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  Shenzhen Gainlaser Laser Technology

  
  


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  Fotona

  
  


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  AimLaser

  
  

Low Power Red Laser Diode Modules Industry Developments

April 2022: The FemtoBlade laser system, the second generation of the company's range of high-precision ultrafast industrial lasers, was unveiled by Lumentum. The modular design of the new system ensures greater flexibility and higher processing speed by providing high power at high repetition rates.

August 2022: Lumentum purchased NeoPhotonics Corporation with the intention of growing its company in the fields of optoelectronics, lasers, and cloud networking infrastructures.

March 2022: Ushio introduced deep red color laser diodes (670–690 nm) for biomedical uses. Numerous applications, including industrial and measuring, have made use of these laser diodes.

Low Power Red Laser Diode Modules Market Segmentation:

Low Power Red Laser Diode Modules Type Outlook

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  Gas Laser

  
  


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  Solid-State Laser

  
  


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  Others

  
  

Low Power Red Laser Diode Modules Application Outlook

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  Industrial

  
  


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  Medical

  
  


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  Aerospace

  
  


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  Defense

  
  


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  Others

  
  

Low Power Red Laser Diode Modules Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America