Global Semiconductor Laser Market is Expected to grow at a CAGR of 7.5% during Forecast 2016-2020

Albany, NY, Jan 10: Semiconductor lasers use semiconductor gain medium, where optical gain is achieved by injecting current at an interband transition with high carrier density in the conduction band. They are compact in size and have low maintenance cost. The material often used in the semiconductor laser is gallium arsenide, and thus it is also known as a gallium arsenide laser. Semiconductor lasers are also used in new manufacturing processes such as micromachining. Lasers reduce the costs of end products by improving throughput and yield. The industrial segment spans a range of laser applications such as welding, cladding, metal cutting, and heat treating in segments ranging from automotive, gas, and appliance manufacturing to high-precision microelectronics fabrication and micro structuring in machine tool production.

The global semiconductor laser market to grow at a CAGR of 7.5% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global semiconductor laser market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of lasers to the application segments such as material processing, communications, defense, healthcare, instrumentation and sensors, and others, which include displays and optical storage.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Semiconductor Laser Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Coherent
- Novanta
- Hans Laser
- Rofin-Sinar
- TRUMPF

Other prominent vendors
- Fanuc
- GBOS Laser Technology
- Lumenis
- Laser Photonics
- Quanta System
- Active Fiber Systems
- Advalue Photonics
- Calmar Lase
- Furukawa Electric
- Hypertherm
- Lumentum Operations
- Nufern

Market driver
- Multifarious advantages of laser products
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.