UV Lasers Market Size - Forecast To 2031 (2024)

UV LASERS MARKET REPORT OVERVIEW

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The global UV lasers market size is projected to be USD 252.1 million in 2022 and is forecast to a readjusted size of USD 504.01 million by 2031 with a CAGR of 8.0% during the review period.

UV lasers are lasers (or other laser-based light sources) that generate ultraviolet light. Some of them can reach very high output power levels. Ultraviolet (UV) laser optics are vital for several applications such as semiconductor processing, fluorescence microscopy, and laser micromachining. Ultraviolet laser beams are radiated and scanned on a thin layer of photopolymerization polymer solution that can produce two-dimensional structures.

COVID 19 IMPACT

"Decreased Demand of Automotive Vehicles Decelerated the Market Growth"

The global COVID-19 pandemic has been unprecedented and staggering, with the UV lasers market experiencing higher demand across all regions than anticipated. The spike in CAGR is attributable to the UV lasers market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID 19 outbreak adversely affected the UV lasers market and the industry had to adopt digital tools nonetheless there was not enough demand for lasers as almost all modes of trade were shut down and there was barely any use for UV lasers. The global COVID-19 pandemic has been unprecedented and staggering, with digital tools experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The government had imposed restrictions due to which companies had to focus on supply chains and distribution sales channels to manufacture and ship systems. There was a decline in automotive vehicles which decelerated the market’s growth.

However, with some adverse impacts on the company, the pandemic also brought some new uses for UV lasers. High-efficiency UV LEDs could sterilize pathogens, including COVID-19. The high-efficiency deep-UV AlGaN UV radiation as a means to deactivate and disinfect airborne viruses within hospital settings and isolated mass scale quarantine facilities. UV radiation is also being considered for disinfection of contaminated surfaces.

LATEST TRENDS

"UV Lasers are Taking over the Healthcare Industry"

UV lasers are now becoming immensely useful in the healthcare industry because a vast number of medical applications work with the help of UV lasers such as microdissection, Forensic, Photo-Ablation, Nanotechnology. These are some new trends that are brought into the UV laser industry and play an important role in increasing the demand for production of lasers. The features of laser diodes such as low power requirement and portable size and weight with high efficiency are increasing their adoption in various applications of industries, which significantly contributes to the growth of the global laser diode market.

These developments have become more appealing and many new ways of using these materials are widely available. It will cover all lighting applications very soon, starting with normal light source to rear-lighting of fluid crystal displays on TV, laptops, mobile phones and others. The solid-state UV light emitters are environmentally-friendly compared with existing UV sources, such as mercury lamps, and can provide significantly greater power density and lower heat levels.

UV LASERS MARKET SEGMENTATION

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• By Type

Based on type: The market is mainly divided into solid state and semiconductor.

Solid state laser is the largest segment with a share over 70%

• By Application

Based on application: The market splits into cutting, marking and drilling.

In terms of application industrial manufacturing is the largest.

DRIVING FACTORS

"Demand by Automotive Industries to Boost Market Growth"

The UV laser diode market growth is driven by the increasing uptake of multi-mode diode lasers and visible and UV laser diodes across the automotive industry, the rise in strategic initiatives among leading players and the surging uptake of visible and UV laser diodes for medical applications.

"Increased adoption of green laser diodes proved to be profitable"

Another driving factor is the increased adoption of green laser diodes in medical laser applications, aerospace, biotechnology and others are primarily driving the global laser diode market. Solid State is the largest segment, with a share over 70% and in terms of application, Industrial Manufacturing is the largest application. Ascribed to, high efficiency, magnificent beam quality and superior reliability, these green laser diaodes are used in numerous industrial applications.

Additionally, these machines are primarily utilized in the electronics & semiconductor sector for the laser marking of silicon wafers, and PCBs to make them detectable. Laser marking refers to a permanent procedure, which utilizes a beam of concentrated light to engrave a lasting mark on a surface. Moreover, laser marking includes a broad range of applications which is performed with a continuous wave, fibre, pulsed, green, or UV laser machine. The increasing use of UV Lasers In Marking, Cutting and Drilling, is driving the growth of the market across the globe.

RESTRAINING FACTOR

"Blue LEDs Give Tough Competition to the Market "

The market faced soaring competition and frequently changing dynamics. In order to reach the efficiency as high as those of blue LEDs in terms of performance the present state of UV LEDs nonetheless needs to be improved. The high uptake of LEDs over laser diodes is restricting the global market's growth.

External quantum efficiency (EQE) is one of the most effective parameters to improve the performance of LEDs. There are operating challenges, such as the laser diode may get damaged due to high temperatures. This technical issue is expected to have a major negative impact on the global laser diode market during the forecast period. However, manufacturers are continuously focused on improving laser diodes, and are expected to overcome this restraint during the forecast period.

UV LASERS MARKET REGIONAL INSIGHTS

North America giant Coherent, which had 17.44% market share in 2015, is the leader in the UV laser industry to dominate the market. North America in terms of demand generation is ahead of other countries due to its vast population and large umber of automotive industries. The laser markets in North America witnessed a significant surge in demand due to its usage in disinfecting surfaces and germ-killing properties.

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KEY INDUSTRY PLAYERS

"Potential Market Players to Boost Market Growth"

The report focuses on different and potential market players in the industry. The information is published after thorough research, key developments, analysis of trends, the introduction of new industries, and technological developments. Other aspects of the report include a study on the companies' regions, technological developments, automation and it sheds light on the comprehensive competitive landscape of the global market.

LIST OF TOP UV LASERS COMPANIES

• Delphilaser
• Han's Laser
• Inngu Laser
• Oxide
• Rofin
• Spectra-Physics
• AMADA
• Videojet
• RFH Laser
• Coherent
• ProPhotonix
• DPSS Lasers
• Huaray Laser

REPORT COVERAGE

This is an in-depth study on UV laser industry and offers extensive analysis by reviewing factors such as overview of the company, competitive landscape, segmentation, it's driving factors as well as it's restraining factors. This report will give you information about upcoming opportunities, new trends and recent developments.