NEW YORK, January 17, 2023 /PRNewswire/ — According to Technavio, the global blue laser diode market size is estimated to grow through $257.25 million from 2022 to 2027. The market is estimated to grow by a CAGR of 13.48% during the forecast period. In addition, growth momentum will increase. APAC will answer 38% of the growth of the market during the forecast period.

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Global Blue Laser Diodes Market – Five Forces
The global blue laser diode market is fragmented and five forces analysis includes:

• Bargaining power of buyers

• The threat of newcomers

• Threat of rivalry

• Negotiating power of suppliers

• Threat of substitutes

• Interpretation of Porter’s five models helps to strategize the business, for all the details – buy the report!

Global Blue Laser Diodes Market – Customer Landscape

The report covers the adoption lifecycle of the market from the innovator stage to the laggard stage. It focuses on adoption rates in different regions based on penetration. In addition, the report also includes key purchasing criteria and factors influencing price sensitivity to help companies evaluate and develop their growth strategies.

Global Blue Laser Diode Market – Segmentation Assessment

Segment overview
Technavio has segmented the market based on type (single-mode and multi-mode), application (bio/medical, laser projectors and scanners, blue-ray devices and others), and geography (North America, EuropeAPAC, South Americaand Middle East and Africa).

• The growth of the market share of the single segment during the forecast period will be higher than the other segments. One of the important factors driving the growth of the market is the use of single-mode blue laser diodes in Blu-Ray discs and DVD players. A Blu-Ray player reads data from a Blu-Ray disc using single-mode blue laser diodes. Due to the smaller spot sizes that allow them to store more data, Blu-Ray discs have a higher density compared to DVDs and compact discs (CDs). In addition, single-mode blue laser diodes provide the high light intensity required to read and write Blu-Ray discs. All these factors will drive market growth during the forecast period.

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Geography Overview
Through geographythe global blue laser diode market has split North America, EuropeAPAC, South Americaand Middle East and Africa. The report offers actionable insights and estimates the contribution of all regions to the growth of the Blue Laser Diode market.

APAC will account for 38% of the growth of the market during the forecast period. The region is seeing a growing demand for laser projectors from commercial companies, as well as from the film and education industries. Further, the introduction of multi-color lasers and SOLID SHINE technologies is expected to drive the growth of the blue laser diode market during the forecast period.

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Global Blue Laser Diodes Market – Market dynamics

Key factor for market growth

• The advancements in laser projectors are particularly driving the growth of the market.

• One of the major factors driving the growth of the global blue laser diode market is the increasing emphasis on the integration of advanced technology into laser projectors by projector manufacturers to achieve higher display quality, especially 4K contents. For example, companies have started using laser phosphors as a light source instead of conventional lamps.

• Many of the suppliers also offer laser projectors with laser phosphor that emit light from blue laser diodes. In this method, suppliers use a blue laser to project red, green, and blue colors onto a phosphor wheel.

• The adoption of such technologies in the laser projector industry is likely to boost the global blue laser diode market during the forecast period.

Leading trends that influence the market

• The growing popularity of high power blue laser diodes is the main trend in the market.

• High power blue laser diodes are widely used in various applications, which is expected to drive market growth.

• High power blue laser diodes are made by major suppliers including USHIO and OSRAM. These powerful blue laser diodes have a maximum output power of 250 W at a wavelength of 450 nm. Due to their low heat dissipation, these diodes have high operational efficiency. This allows them to cut through materials such as copper and gold, while red or green laser diodes cannot.

• Due to these applications, diodes will be used in fiber optics, 3D printers, and material processing equipment during the forecast period.

Major challenges hindering the growth of the market

• The declining demand for Blu-Ray players and DVD players is the biggest challenge in the market.

• Blue laser diodes are used by both DVD and Blu-ray players. These devices use blue laser diodes to read and write data from Blu-ray or DVD discs.

• With the increasing popularity of portable data storage devices such as pen drives and hard drives, as well as online video streaming services such as Netflix and Amazon Prime, the demand for Blu-Ray discs and DVDs for data storage is declining.

• Since music and video content can be easily accessed online, there is no longer a need for Blu-Ray CDs or DVDs, making it easier for customers to get information directly from the cloud platform. These factors are expected to hinder the growth of the market during the forecast period.

Driver, Trend & Challenges are the factors of market dynamics that make statements about the impacts and sustainability of the companies, find some insights from a sample report!

What are the Key Data in this Blue Laser Diode Market Report?

• CAGR of the market during the forecast period

• – Detailed information on factors that will propel Blue Laser Diode market growth between 2023 and 2027

• Accurate estimation of the size of the Blue Laser Diode market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the blue laser diode market North America, EuropeAPAC, South Americaand Middle East and Africa

• A thorough analysis of the competitive landscape of the market and detailed information on suppliers

• Comprehensive analysis of factors that will challenge the growth of Blue Laser Diode market vendors

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Index

1. Summary

2 Market landscape

3 Market Size

4 Historical market size

5 Five forces analysis

6 Market segmentation by type

7 Market Segmentation by Application

8 Customer landscape

9 Geographical landscape

10 drivers, challenges and trends

11 supplier landscape

12 Supplier Analysis

13 Appendix

About us
Technavio is a leading global technology research and consulting firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies across 50 countries. Their customer base includes companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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