9% CAGR 2023-29 for semiconductor lasers

The semiconductor laser market will have a CAGR of  9% from 2023 to 2029, growing from $3.1 billion to more than $5 billion, says Yole Group.

The semiconductor laser market will have a CAGR of  9% from 2023 to 2029, growing from $3.1 billion to more than $5 billion, says Yole Group.

Driving growth are the expansion of applications using lasers, the shifts toward energy efficiency, compact size and precision, and the growth in integration with multiple technology platforms including SOI(2), SiN(3), InP(4) and TFLN(5).

The biggest segment the 2023-29 market is telecom & infrastructure while the consumer market will only grow 1% CAGR to reach $1.75 billion in 2029. 

“In the consumer segment, the moderate market growth is due to the volume drop in optical sensing applications in the 2022-2024 period due to technology replacement,” says Yole’s Ali Jaffa, “semiconductor lasers in automotive are anticipated to see significant expansion, with a double digit CAGR during the same period, mainly driving by automotive LiDAR, especially in China.”