North America Laser Diode Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America laser diode market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.
A laser diode is a semiconductor device, which exhibits similar properties to that of a light-emitting diode (LED). It emits coherent light in the infrared (IR) or visible spectrum when current passes through it. The light is generated by utilizing a p-n junction with the ‘Light Amplification by Stimulated Emission of Radiation’, or ‘LASER’ procedure. A laser diode light consists of a single frequency, which makes it possible to focus this light to a very small point by using a lens system. This does not result in any chromatic aberration as all the energy from the light source is concentrated to a minute spot. Laser diodes or semiconductor lasers are more efficient, which makes them an ideal solution for numerous devices, such as barcode readers, autonomous vehicles, laser printers, fiber optic communications and security systems.
The North America laser diode market is currently being driven by several factors. A surge in R&D activities, particularly in the military and defense industries, has propelled the demand for laser diode in the region. Apart from this, increasing application of semiconductor laser diodes in the healthcare sector is one of the major market drivers. Laser diode is widely used in cosmetic procedures, body contouring, hair removal, LASIK surgery, OCT, skin resurfacing, tattoo removal, wrinkle reduction, pigmentation reduction, etc. Moreover, the increasing demand for laser diodes in the electronics, automotive and aerospace industries has also induced the market growth. Furthermore, the presence of telecom laser firms, which employ laser diode as a major component, has also spurred the demand. Several benefits, such as compact size, high electrical efficiency, low maintenance, and short wavelength of laser diode, have also induced its demand in the material processing industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America laser diode market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Type
Injection Laser Diode (ILD)
Optically Pumped Semiconductor Laser (OPSL)
Market by Application
Optical Storage and Communication
Industrial Applications
Medical Applications
Military and Defence Applications
Instrumentation and Sensor Applications
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America laser diode market performed so far and how will it perform in the coming years?
What are the key regions in the North America laser diode market?
What has been the impact of COVID-19 on the North America laser diode market?
What is the breakup of the North America laser diode market on the basis of type?
What is the breakup of the North America laser diode market on the basis of application?
What are the various stages in the value chain of the North America laser diode industry?
What are the key driving factors and challenges in the North America laser diode industry?
What is the structure of the North America laser diode industry and who are the key players?
What is the degree of competition in the North America laser diode industry?
What are the profit margins in the North America laser diode industry?
The North America laser diode market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.
A laser diode is a semiconductor device, which exhibits similar properties to that of a light-emitting diode (LED). It emits coherent light in the infrared (IR) or visible spectrum when current passes through it. The light is generated by utilizing a p-n junction with the ‘Light Amplification by Stimulated Emission of Radiation’, or ‘LASER’ procedure. A laser diode light consists of a single frequency, which makes it possible to focus this light to a very small point by using a lens system. This does not result in any chromatic aberration as all the energy from the light source is concentrated to a minute spot. Laser diodes or semiconductor lasers are more efficient, which makes them an ideal solution for numerous devices, such as barcode readers, autonomous vehicles, laser printers, fiber optic communications and security systems.
The North America laser diode market is currently being driven by several factors. A surge in R&D activities, particularly in the military and defense industries, has propelled the demand for laser diode in the region. Apart from this, increasing application of semiconductor laser diodes in the healthcare sector is one of the major market drivers. Laser diode is widely used in cosmetic procedures, body contouring, hair removal, LASIK surgery, OCT, skin resurfacing, tattoo removal, wrinkle reduction, pigmentation reduction, etc. Moreover, the increasing demand for laser diodes in the electronics, automotive and aerospace industries has also induced the market growth. Furthermore, the presence of telecom laser firms, which employ laser diode as a major component, has also spurred the demand. Several benefits, such as compact size, high electrical efficiency, low maintenance, and short wavelength of laser diode, have also induced its demand in the material processing industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America laser diode market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Type
Injection Laser Diode (ILD)
Optically Pumped Semiconductor Laser (OPSL)
Market by Application
Optical Storage and Communication
Industrial Applications
Medical Applications
Military and Defence Applications
Instrumentation and Sensor Applications
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America laser diode market performed so far and how will it perform in the coming years?
What are the key regions in the North America laser diode market?
What has been the impact of COVID-19 on the North America laser diode market?
What is the breakup of the North America laser diode market on the basis of type?
What is the breakup of the North America laser diode market on the basis of application?
What are the various stages in the value chain of the North America laser diode industry?
What are the key driving factors and challenges in the North America laser diode industry?
What is the structure of the North America laser diode industry and who are the key players?
What is the degree of competition in the North America laser diode industry?
What are the profit margins in the North America laser diode industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL LASER DIODE MARKET
5.1Market Performance
5.2Market Breakup by Type
5.3Market Breakup by Application
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA LASER DIODE MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY TYPE
7.1Injection Laser Diode (ILD)
7.2Optically Pumped Semiconductor Laser (OPSL)
8 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY APPLICATION
8.1Optical Storage and Communication
8.2Industrial Applications
8.3Medical Applications
8.4Military and Defence Applications
8.5Instrumentation and Sensor Applications
8.6Others
9 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Type
9.1.3Market Breakup by Application
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Type
9.2.3Market Breakup by Application
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Research and Development
11.3Raw Material Procurement
11.4Manufacturing
11.5Marketing
11.6Distribution
11.7End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL LASER DIODE MARKET
5.1Market Performance
5.2Market Breakup by Type
5.3Market Breakup by Application
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA LASER DIODE MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY TYPE
7.1Injection Laser Diode (ILD)
7.2Optically Pumped Semiconductor Laser (OPSL)
8 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY APPLICATION
8.1Optical Storage and Communication
8.2Industrial Applications
8.3Medical Applications
8.4Military and Defence Applications
8.5Instrumentation and Sensor Applications
8.6Others
9 NORTH AMERICA LASER DIODE MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Type
9.1.3Market Breakup by Application
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Type
9.2.3Market Breakup by Application
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Research and Development
11.3Raw Material Procurement
11.4Manufacturing
11.5Marketing
11.6Distribution
11.7End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Laser Diode Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Laser Diode Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: North America: Laser Diode Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: North America: Laser Diode Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: Laser Diode Market: Competitive Structure
Table 6: North America: Laser Diode Market: Key Players
Table 1: North America: Laser Diode Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Laser Diode Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: North America: Laser Diode Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: North America: Laser Diode Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: Laser Diode Market: Competitive Structure
Table 6: North America: Laser Diode Market: Key Players
LIST OF FIGURES
Figure 1: North America: Laser Diode Market: Major Drivers and Challenges
Figure 2: Global: Laser Diode Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Laser Diode Market: Breakup by Type (in %), 2022
Figure 4: Global: Laser Diode Market: Breakup by Application (in %), 2022
Figure 5: Global: Laser Diode Market: Breakup by Region (in %), 2022
Figure 6: Global: Laser Diode Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: North America: Laser Diode Market: Sales Value (in Billion US$), 2017-2022
Figure 8: North America: Laser Diode Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: North America: Laser Diode Market: Breakup by Type (in %), 2022
Figure 10: North America: Laser Diode (Injection Laser Diode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: Laser Diode (Injection Laser Diode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: Laser Diode Market: Breakup by Application (in %), 2022
Figure 15: North America: Laser Diode (Optical Storage and Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Laser Diode (Optical Storage and Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Laser Diode (Industrial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Laser Diode (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Laser Diode (Medical Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Laser Diode (Medical Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Laser Diode (Military and Defence Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Laser Diode (Military and Defence Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Laser Diode (Instrumentation and Sensor Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Laser Diode (Instrumentation and Sensor Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Laser Diode (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Laser Diode (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Laser Diode Market: Breakup by Country (in %), 2022
Figure 28: United States: Laser Diode Market: Sales Value (in Million US$), 2017-2022
Figure 29: United States: Laser Diode Market: Breakup by Type (in %), 2022
Figure 30: United States: Laser Diode Market: Breakup by Application (in %), 2022
Figure 31: United States: Laser Diode Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Laser Diode Market: Sales Value (in Million US$), 2017-2022
Figure 33: Canada: Laser Diode Market: Breakup by Type (in %), 2022
Figure 34: Canada: Laser Diode Market: Breakup by Application (in %), 2022
Figure 35: Canada: Laser Diode Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Laser Diode Industry: SWOT Analysis
Figure 37: North America: Laser Diode Industry: Value Chain Analysis
Figure 38: North America: Laser Diode Industry: Porter’s Five Forces Analysis
Figure 1: North America: Laser Diode Market: Major Drivers and Challenges
Figure 2: Global: Laser Diode Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Laser Diode Market: Breakup by Type (in %), 2022
Figure 4: Global: Laser Diode Market: Breakup by Application (in %), 2022
Figure 5: Global: Laser Diode Market: Breakup by Region (in %), 2022
Figure 6: Global: Laser Diode Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: North America: Laser Diode Market: Sales Value (in Billion US$), 2017-2022
Figure 8: North America: Laser Diode Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: North America: Laser Diode Market: Breakup by Type (in %), 2022
Figure 10: North America: Laser Diode (Injection Laser Diode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: Laser Diode (Injection Laser Diode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: Laser Diode Market: Breakup by Application (in %), 2022
Figure 15: North America: Laser Diode (Optical Storage and Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Laser Diode (Optical Storage and Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Laser Diode (Industrial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Laser Diode (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Laser Diode (Medical Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Laser Diode (Medical Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Laser Diode (Military and Defence Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Laser Diode (Military and Defence Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Laser Diode (Instrumentation and Sensor Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Laser Diode (Instrumentation and Sensor Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Laser Diode (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Laser Diode (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Laser Diode Market: Breakup by Country (in %), 2022
Figure 28: United States: Laser Diode Market: Sales Value (in Million US$), 2017-2022
Figure 29: United States: Laser Diode Market: Breakup by Type (in %), 2022
Figure 30: United States: Laser Diode Market: Breakup by Application (in %), 2022
Figure 31: United States: Laser Diode Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Laser Diode Market: Sales Value (in Million US$), 2017-2022
Figure 33: Canada: Laser Diode Market: Breakup by Type (in %), 2022
Figure 34: Canada: Laser Diode Market: Breakup by Application (in %), 2022
Figure 35: Canada: Laser Diode Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Laser Diode Industry: SWOT Analysis
Figure 37: North America: Laser Diode Industry: Value Chain Analysis
Figure 38: North America: Laser Diode Industry: Porter’s Five Forces Analysis
