Summary

The North America laser diode market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 12.6% during 2024-2032.

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 2024-2032. 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?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Laser Diode Market
5.1 Market Performance
5.2 Market Breakup by Type
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast
6 North America Laser Diode Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Laser Diode Market: Breakup by Type
7.1 Injection Laser Diode (ILD)
7.2 Optically Pumped Semiconductor Laser (OPSL)
8 North America Laser Diode Market: Breakup by Application
8.1 Optical Storage and Communication
8.2 Industrial Applications
8.3 Medical Applications
8.4 Military and Defence Applications
8.5 Instrumentation and Sensor Applications
8.6 Others
9 North America Laser Diode Market: Breakup by Country
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Type
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Type
9.2.3 Market Breakup by Application
9.2.4 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Research and Development
11.3 Raw Material Procurement
11.4 Manufacturing
11.5 Marketing
11.6 Distribution
11.7 End-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
14.1 Market Structure
14.2 Key Players
14.3 Profiles of 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$), 2018-2023
Figure 3: Global: Laser Diode Market: Breakup by Type (in %), 2023
Figure 4: Global: Laser Diode Market: Breakup by Application (in %), 2023
Figure 5: Global: Laser Diode Market: Breakup by Region (in %), 2023
Figure 6: Global: Laser Diode Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: North America: Laser Diode Market: Sales Value (in Billion US$), 2018-2023
Figure 8: North America: Laser Diode Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: North America: Laser Diode Market: Breakup by Type (in %), 2023
Figure 10: North America: Laser Diode (Injection Laser Diode) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: North America: Laser Diode (Injection Laser Diode) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: North America: Laser Diode (Optically Pumped Semiconductor Laser) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: North America: Laser Diode Market: Breakup by Application (in %), 2023
Figure 15: North America: Laser Diode (Optical Storage and Communication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Laser Diode (Optical Storage and Communication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: North America: Laser Diode (Industrial Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: North America: Laser Diode (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: North America: Laser Diode (Medical Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: North America: Laser Diode (Medical Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: Laser Diode (Military and Defence Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: Laser Diode (Military and Defence Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: North America: Laser Diode (Instrumentation and Sensor Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: North America: Laser Diode (Instrumentation and Sensor Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: North America: Laser Diode (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: North America: Laser Diode (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: North America: Laser Diode Market: Breakup by Country (in %), 2023
Figure 28: United States: Laser Diode Market: Sales Value (in Million US$), 2018-2023
Figure 29: United States: Laser Diode Market: Breakup by Type (in %), 2023
Figure 30: United States: Laser Diode Market: Breakup by Application (in %), 2023
Figure 31: United States: Laser Diode Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Canada: Laser Diode Market: Sales Value (in Million US$), 2018-2023
Figure 33: Canada: Laser Diode Market: Breakup by Type (in %), 2023
Figure 34: Canada: Laser Diode Market: Breakup by Application (in %), 2023
Figure 35: Canada: Laser Diode Market Forecast: Sales Value (in Million US$), 2024-2032
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

List of Tables

Table 1: North America: Laser Diode Market: Key Industry Highlights, 2023 and 2032
Table 2: North America: Laser Diode Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: North America: Laser Diode Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: North America: Laser Diode Market Forecast: Breakup by Country (in Million US$), 2024-2032
Table 5: North America: Laser Diode Market: Competitive Structure
Table 6: North America: Laser Diode Market: Key Players