Semiconductor Laser Equipment Market Size, Share, Opportunities, And Trends By Process (Laser Bonding And Debonding, Laser Annealing, Laser Wafer Dicing, Laser Wafer Marking), By Type (OLED, Fiber Optic Laser, Red Lasers, High Power Diode Lasers, Green Lasers, Other), By Application (Communication, Medical, Military And Defense, Industrial, Automobile, Other), And By Geography - Forecasts From 2023 To 2028

A semiconductor laser equipment oscillates the light by passing current through a semiconductor. Electrical energy is transformed into light by a semiconductor laser. This is made possible by the use of a semiconductor material, whose electrical conductivity lies in the range between that of conductors and insulators. Semiconductor lasers are small in size reliable, and durable when compared to other laser types. The semiconductor laser has broad range of applications like laser cutting, welding, bonding, drilling, debonding, marking, patterning, measuring, and deposition. Additionally, semiconductor lasers can lower expenses connected with laser therapies and increase operation speed and edge quality. Their expansion in the future may be supported by characteristics like their small size, high output power, and simplicity of integration, among others.

The rising demand for semiconductor laser equipment will boost the market

In recent years, the use of semiconductor lasers in business, networking, and defense has grown significantly. To bring in a new era of laser warfare systems, the Defense Advanced Research Projects Agency (DARPA) submitted ideas for scalable, high-energy laser (HEL) technology in February 2022. Semiconductor Equipment and Materials International (SEMI) estimates that in 2021, South Korea will spend USD 24.98 billion on semiconductor equipment, Taiwan will spend USD 24.94 billion, and China will spend USD 29.62 billion. The Institute of Electrical and Electronics Engineers (IEEE) claims that the automotive industry's demand for semiconductors has been consistent due to advancements in cutting-edge technologies like vehicle-to-everything communication, advanced driver-assistance systems (ADAS), and power management in electric cars, which include navigation, dashboard cameras, smart keys, and an eagerly awaited image processor. The China Association of Automobile Manufacturers (CAAM) estimates that approximately 26.1 million cars were produced in China overall in 2021. Additionally, in 2022, a steady growth is anticipated for the vehicle industry and the nation sold almost 2.6 million cars in September 2022. It is anticipated that as the automotive industry expands, demand for automotive-grade semiconductor chips will rise, spurring investments in semiconductor machinery like semiconductor lasers. Increased incidence of numerous chronic diseases around the world is another significant driver propelling market growth. The World Health Organization predicts that between 2020 and 2030, the burden of chronic disease would rise globally by 57%. As laser therapies are a viable treatment option for many diseases, it is anticipated that demand for laser therapies increases with the rise of chronic disease. Due to the characteristics such as improved edge quality, faster operating speeds, and lower costs, laser therapy equipment is anticipated to experience growth over the course of the forecast period

The Asia Pacific area is anticipated to boost the market over the forecast period.

The demand for semiconductors is predicted to rise significantly in the Asia-Pacific area over the course of the forecast period as a result of increased government efforts and spending, high production levels, and industrialization. Taiwan's investment commission of the minister of economic affairs has approved Taiwan Semiconductor Manufacturing Co Ltd's investment to build a chip plant in Japan. A technology essential to today's and tomorrow's cutting-edge digital devices and weaponry has been governed by the enormous Taiwan Semiconductor Manufacturing Company Ltd (TSMC) by controlling the fabrication of the most sophisticated semiconductors. TSMC is estimated to produce more than 90% of the world's supply of these processors. The Japanese government said in November 2021 that it intended to set aside JPY 600 billion (USD 4.5 billion) from its annual 2021 supplementary budget to support the production of advanced semiconductors. This is generating a healthy market condition for the expansion of the industry in the Asia-Pacific region.

Key Developments

• November 2022: A light-based method that permits local material processing anywhere in the three-dimensional region of semiconductor chips was created by researchers from the LP3 Laboratory in France. This technology makes it possible to write directly with lasers, opening up the sub-surface space for higher integration densities and extra features.
• February 2022: An additional facility for semiconductor lasers for measuring purposes will be built at Magnescale's Isehara Works in Kanagawa Prefecture, with a total investment of about JPY 3 billion. A company called Magnescale creates machine tools and laser scales for equipment used in semiconductor fabrication.

Segmentation:

• By Process
  • Laser Bonding and Debonding
  • Laser Annealing
  • Laser Wafer Dicing
  • Laser Wafer Marking
• By Type
  • OLED
  • Fiber Optic Laser
  • Red Lasers
  • High Power Diode Lasers
  • Green Lasers
  • Other
• By Application
  • Communication
  • Medical
  • Military and Defense
  • Industrial
  • Automobile
  • Other
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
    • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others