Albany, NY -- (SBWIRE) -- 08/10/2015 -- Semiconductor laser is a solid state laser, which is developed similar to a semiconductor diode, wherein electrons are connected to predesignated 'electron holes' near the junction of the anode and the cathode, and emit band gap radiation, as in the case of light-emitting diodes or LEDs. Semiconductor lasers are a dynamically evolving technology and the market for semiconductor lasers is predicted to expand at an expeditious rate. These lasers have numerous inbuilt advantages, namely high efficiency, compact size, and reduced costs in comparison to traditional laser technologies, due to which they are widely used in various laser applications.The global semiconductor lasers market is predicted to be valued more than US$7.69 billion by 2020, expanding at a CAGR of 7.1% between 2014 and 2020.

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Communication Application Segment Surfaced as the Biggest Segment

Semiconductor lasers find usage in a number of applications, namely sensors, optical storage devices, healthcare, industrial machinery manufacturing, communication, lithography, and defense. The communication application segment represented a revenue share of 32.2% and is the biggest application segment of the semiconductor lasers market. Semiconductor lasers are utilized in a variety of communication applications, namely telecommunication, fiber, underwater, satellite, and free space communication, among others.

Fiber Optic Lasers Preferred over Light Emitting Diodes

In terms of type, the semiconductor laser market is segmented into vertical cavity surface emitting lasers, optic lasers, high power diode lasers, compact disc lasers, green lasers, violet lasers, and blue lasers. Amongst these, fiber optic lasers represented the biggest share in the market by taking up 44.4% of the overall semiconductor laser market in 2013. Fiber optic lasers are better than light emitting diodes (LED) owing to their capability to carry signals of different wavelengths over a single fiber. This is the reason why fiber optic lasers are being used in place of LEDs.

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Red Lasers Being Replaced by Green Lasers and Blue Lasers for Printing Applications

High power diode lasers are predicted to experience the swiftest growth in the forecast period and are anticipated to expand at an 8.6% CAGR between 2014 and 2020. Semiconductor lasers have been greatly utilized in fiber laser pumping to meet the high brightness and high power and to enable decreased cost of manufacturing. The increasing demand for high power diode lasers is due to their utilization in defense, material processing, consumer electronics, and solid state laser pumping. Green lasers and blue lasers are developing technologies that have been used in place of red lasers for optical storage, printing applications, and manufacturing of consumer electronics.

Asia Pacific Semiconductor Laser Market: The Biggest and Most Swiftly Developing Market

Asia Pacific is the largest and the most swiftly developing regional market for semiconductor lasers and represented a revenue share of 37.5% in the total semiconductor lasers market in 2013. The major reason for the growth of this market is the expanding communication industry in countries such as South Korea, Australia, India, and China. North America and Europe will witness steady growth in the forecast horizon owing to the improving economic conditions in the prime countries in these regions.

The key companies in the market for semiconductor lasers are ASML Holding NV, Trumpf GmbH + Co KG, and Coherent Inc, Rofin-Sinar Technologies Inc.

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