Global Semiconductor Lasers Market to Be Worth US $7.7 Billion by 2020
Semiconductor lasers are made by semiconductor compound. In these lasers, light amplification is done by using active semiconductor materials. Semiconductor lasers are rapidly becoming indispensible part of modern lasers based systems and replacing conventional lasers in range of applications.
Albany, NY -- (SBWire) -- 09/08/2015 --A new report, titled "Semiconductor Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", has been added to Market Research Reports Search Engine (MRRSE). It provides a comprehensive overview of the global semiconductor lasers market, with a detailed analysis of its every aspect and component. The report, published by Transparency Market Research, states that the global semiconductor lasers market was valued at US$4.8 billion in 2013 and is expected to reach US$7.7 billion by 2020, growing at a CAGR of 7.1% from 2014 to 2020.
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The rising demand for semiconductor lasers is primarily due to them being extremely energy-efficient. Due to their small size, they only need power in miliwatts, a feature which makes them better than conventional lasers and thus the best choice for making laser-based systems. This makes them the most sough-after item for electronic devices such as DVDs, CDs, and other such optical data storage devices. The improving economies and better financial conditions of industries are also fueling the demand from the semiconductor lasers market. With innovations and continued effort to enhance brightness, technologies in the global semiconductor lasers market such as violet, blue, and green lasers are also expected to witness great demand.
The report segments the global semiconductor lasers market on the basis of type, application, and geography. The types of semiconductor lasers in the market are blue lasers, green lasers, red lasers, violet lasers, high power diode lasers (HPDL), compact disc lasers (CDL), fiber optic lasers (FOL), and vertical cavity surface emitting lasers (VCSEL). The applications of these lasers are seen in optical storage devices, healthcare, lithography, defense, research and development, printing, display, sensors, communication, and industrial. Geographically, the global semiconductor lasers market is spread over North America, Asia Pacific, Europe, and Rest of the World.
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According to industry experts, semiconductor lasers will witness a considerable growth rate in the communication and printing segment. The growth of telecom service providers and manufacturing in emerging economies will encourage the semiconductor lasers market. Region-wise, Asia Pacific will witness the fastest growth, due to booming industrialization in the region in the forecast period.
The report offers a comprehensive overview of the competitive landscape of the global semiconductors lasers market. Some of the key players profiled in this report are Trumpf GmbH + Co KG, Rofin-Sinar Technologies Inc, ASML Holding NV, Axcel Photonics Inc, IPG Photonics Corp, and Newport Corp. The report also gives its readers an insight into their marketing strategies, financial outlooks, and investment plans for the forecast period.
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