Global Laser Diode Market to Reach US$ 18.6 Billion by 2027, Impelled by Expanding Fibre Laser Market

October 14, 2022

According to the latest report by IMARC Group, titled "Laser Diode Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global laser diode market reached a value of US$ 9.1 Billion in 2021. A laser diode is a device that generates coherent radiation of high intensity in the visible spectrum when a current passes through it. The radiation consists of a single frequency that allows the device to focus on a little point using a simple lens system. In comparison to conventional lasers, laser diodes are compact, light-weighted, and have low power requirements. They are gaining traction globally as they are highly efficient and suitable for portable electronic devices. Laser diodes also find extensive applications in laser printers, optical fibre systems, communications, compact disc (CD) players, intrusion detection systems, remote-control devices, and industrial processing machinery.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Laser Diode Market Trends:

The global market is majorly driven by the increasing demand for high-power laser diodes for industrial applications. In line with this, the expanding fibre laser market and rising application areas of laser diodes in various industries are positively influencing the market. Furthermore, the market is expected to grow significantly due to its favorable properties, such as high monochromaticity, coherence, and directionality, when compared to ordinary light sources. Moreover, the widespread usage of a laser diode in autonomous vehicles for LIDAR and radar systems is catalyzing the market. Besides this, heavy investments in developing autonomous vehicles and continuous technological innovations in the automotive industry is propelling the market. Additionally, multiple manufacturers are strongly focusing on developing high-power laser diodes that are suitable for aerospace and defense applications. This is anticipated to create numerous growth opportunities in the global market. On account of the aforementioned factors, the market is projected to reach a value of US$ 18.6 Billion by 2027, exhibiting a CAGR of 13.12% during 2022-2027. 

Market Summary:

  • On the basis of the product type, the market has been segmented into injection laser diode (ILD) and optically pumped semiconductor laser (OPSL). At present, injection laser diode represents the most popular product type, exhibiting a clear dominance in the market.
  • Based on the application, the market has been classified into optical storage and communication, industrial applications, medical applications, military and defence applications, instrumentation and sensor applications, and others. Among these, industrial applications account for the majority of the total market share.
  • On the basis of the region, the market has been divided into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa.?Currently, Asia Pacific holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.?Some of the key players include Coherent, IPG Photonics, OSRAM Licht AG, TRUMPF GmbH + Co. KG, and Jenoptik AG.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Laser Diode Market to Reach US$ 18.6 Billion by 2027, Impelled by Expanding Fibre Laser Market
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More