How big is the Semiconductor Laser Market?

The Semiconductor Laser Market size is expected to reach USD 8.24 billion in 2024 and grow at a CAGR of 13.40% to reach USD 15.45 billion by 2029. Read More

What is the current Semiconductor Laser Market size?

In 2024, the Semiconductor Laser Market size is expected to reach USD 8.24 billion. Read More

Who are the key players in Semiconductor Laser Market?

Coherent, Inc., Sharp Corporation, Nichia Corporation, IPG Photonics Corporation and TT Electronics are the major companies operating in the Semiconductor Laser Market. Read More

Which is the fastest growing region in Semiconductor Laser Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Semiconductor Laser Market?

In 2024, the Asia Pacific accounts for the largest market share in Semiconductor Laser Market. Read More

What years does this Semiconductor Laser Market cover, and what was the market size in 2023?

In 2023, the Semiconductor Laser Market size was estimated at USD 7.14 billion. The report covers the Semiconductor Laser Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Semiconductor Laser Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Semiconductor Laser Market Share

Statistics for the 2023 & 2024 Semiconductor Laser market share, created by Mordor Intelligence™ Industry Reports. Semiconductor Laser share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Semiconductor Laser Industry

The laser market for the semiconductor industry is fragmented, with the presence of significant players like Lumentum Operations, Trumpf, SUSS MicroTec, Coherent, etc. These key players in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish sustainable competitive advantages.

November 2023: IPG Photonics Corporation, a manufacturer of fiber laser technology, and Miller Electric Mfg. LLC, a manufacturer of arc welding products, announced a strategic partnership to improve the quality of laser solutions for handheld welding applications. The combination of Miller's expertise in conventional welding methods and IPG Photonics' expertise in fiber laser technology is anticipated to produce a handheld welding process that is quick, accurate, and easy to use.
March 2023: Tower Semiconductor, in collaboration with Quintessent Inc., announced the world's first heterogeneous integration of GaAs quantum dot (QD) lasers and a foundry silicon photonics platform (PH18DB). This PH18DB platform targets optical transceiver modules in data centers & telecom networks and new emerging applications in artificial intelligence (AI), machine learning, LiDAR, and other sensors. This platform allows dense photonic integrated circuits (PICs) to assist higher-channel count in small form factors.
January 2023: Coherent Corp. announced the introduction of its next-generation pump laser diodes that execute an industry-record high output power of 50 W from a single chip. The deployment of fiber lasers for materials processing applications like cutting, welding, marking, and additive manufacturing is accelerating, driving the need for key components that lower the output power cost per watt. The new laser diodes reach 50 W of output power, 40% more than the existing product, allowing high-power industrial fiber laser designs with fewer pump laser diodes.