A new report from France-based analyst Yole Développement finds that the market for edge emitting lasers (EEL) will see a 15% market growth. The report, Edge Emitting Lasers – Technology and Market Trends 2021, says the market will reach US$6.6 billion in 2026, driven by optical communications, with emerging applications outpacing traditional material processing.
“Since the development of lasers int he 1960s, [EELs] have been increasingly used in a large number of applications.” asserts Martin Vallo, PhD, technology and market analyst, solid-state lighting technologies, within the Yole’s Photonics, Sensing & Display division.
He adds, “The unique properties of coherent light have helped replace conventional manufacturing methods and have advanced fibre-optic communication. This has propelled the laser market to a trillion-dollar business since the 1990s. Semiconductor laser-based technology placement in different market segments continues to grow moderately.”
Yole comments that nowadays, material processing and optical communication applications continue to be the main driver of the laser market’s US$2.2 billion revenues in 2020, comprising more than 75% of the overall market. Laser technologies are also ubiquitous in many emerging applications, spanning mostly semiconductor manufacturing, 3D sensing, spectroscopy, medical, display and lighting applications.
In this context, Yole investigates disruptive technologies and related markets in depth, to point out the latest innovations and underline the business opportunities. Its report, it claims, contributes to the understanding of the global landscape in terms of laser technology for different applications. The study includes market trends and forecasts, supply chain, technology trends, technical insights and analysis, take-aways and outlook, delivering an in-depth understanding of the ecosystem and main players’ strategies.
For more information, visit www.yole.fr