Report : North America Visible and UV Laser Diode Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Doping Material (AIGaInP, GaN, and InGaN), Mode (Single Mode and Multi-Mode), and Application (Industrial, Defense, Scientific, and Others)
AIGaInP Segment to Dominate North America Visible and UV Laser Diode Market during 2019–2028
According to a new market research study on “North America Visible and UV Laser Diode Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Doping Material, Mode, and Application,” is expected to reach US$ 1,525.22 million by 2028 from US$ 1,153.64 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. Increase in uptake of multi-mode diode laser is the major factor driving the growth of the North America visible and UV laser diode market. However, uptake of LEDs over UV laser diodes may hinder the growth of North America visible and UV laser diode market. The report provides trends prevailing in the North America visible and UV laser diode market along with the drivers and restraints pertaining to the market growth.
The North America visible and UV laser diode market is segmented into doping material, mode, application, and country. Based on doping material, the North America visible and UV laser diode market can be segmented into a AlGaInP, GaN, and InGaN. In 2020, the AlGaInP segment held the largest share North America visible and UV laser diode market. On the basis of mode, the North America visible and UV laser diode market is segmented into single mode and multi-mode. In 2020, the single mode segment held the largest share North America visible and UV laser diode market. On the basis of application, the North America visible and UV laser diode market is categorized into industrial, defense, scientific, and others. In 2020, the industrial segment held the largest share North America visible and UV laser diode market. North America visible and UV laser diode market, based on country, is segmented into the US, Canada, and Mexico. The US held the largest share North America visible and UV laser diode market.
ASML Holding N.V; BLUGLASS LIMITED; Coherent, Inc.; IPG Photonics; Jenoptik AG; Newport Corporation; Nuvoton Technology Corporation; Osram Litch AG; Sheaumann Laser Inc.; and Trumpf Group are among the leading companies in the North America visible and UV laser diode market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, In August 2020, Sheaumann Laser, Inc., a semiconductor laser manufacturer based in the United States, relocated to its new 57,800 square foot headquarters at 5 Federal Street in Billerica, Massachusetts. Sheaumann will be able to dramatically increase its personnel and manufacturing capacities as a result of this move, which will allow the company to fulfil the growing demand for laser-based solutions across a variety of industries. Sheaumann is one of the few laser manufacturers in the United States that is vertically integrated.
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