InP Lasers Market to Grow by More than 14% CAGR
The InP Laser market is expected to grow at a CAGR of more than 14% during the forecast period 2021-2031. InP Lasers are largely used in various applications such as fiber optical communications and more, owing to its high speed, scalability, versatility, and reliability. Owing to significant advantages like reducing optical losses and achieving the highest yield, offered by InP lasers, its demand is expected to increase in the coming period.
What is Driving Demand for InP Lasers?
Due to an increase in need for more optical bandwidth, the adoption of InP lasers is largely increased and owing to this the growth can be seen in telecom/datacom and optoelectronic applications, which in turn, is increasing InP lasers demand. Moreover, the technology is offering superior electron velocity, which can be further used in high-power and high-frequency electronics. This is one of the major factor driving the sales of InP lasers.
The rising application of lasers in optoelectronics devices like laser diodes is anticipated to drive the demand of InP lasers. The features of InP lasers such as reducing optical losses and achieving the highest yield and others are some of the major factors that are expected to propel the growth of the market, during the forecast period.
Manufacturers are increasingly developing a broad range of coherent optical transceivers to address different segments of the market, which is likely to drive the growth of the InP lasers, globally. Furthermore, the growing demand to manufacturing photonic integrated circuits for the optical telecommunications industry, is expected to propel the InP lasers demand.
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Use of InP Technology in Telecom to Proliferate InP Lasers Market
There has been an increase in application of Indium Phosphide (InP) to produce efficient lasers, sensitive photodetectors and modulators in wavelength window, which is used for telecommunications. The lowest attenuation available on optical fiber ranges from 1510 nm and 1600 nm. The commonly used material InP laser helps in generating of laser signals and also helps in detecting and converting those signals back to electronic form.
Further, InP lasers applications like metro ring access networks, free space satellite communication, connections to wireless 3G, LTE and 5G base stations, long-haul optical fibre connections has been increasingly applied in telecom. Hence the increased adoption of InP lasers technologies in telecom sector is expected to create more opportunities, in the next 5 years.
North America Demand Outlook for InP Lasers
The demand for InP lasers is anticipated to grow at a significant rate in North America owing to increasing penetration of sensitive photodetectors and modulators in telecom, optical sensing, automotive, high-speed electronics, photovoltaic, optoelectronic applications and others.
In addition, United States has presence of majority of the key manufacturers of InP lasers, which are increasing their production capacities to meet the end-use industry demand. For instance, US-based photonic component manufacturer Lumentum, has doubled its indium phosphide (InP) wafer fabrication capacity for the next 18 months, to recover the supply-chain disruption caused by COVID-19 pandemic. As deployment of InP lasers are majorly for telecom sector, the growing demand for 5G base stations and optical fiber connections in North America has opened new growth avenues for InP lasers technology.
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Europe Demand Outlook for InP Lasers
Currently, Europe region is one of the biggest market in international InP lasers consumption. Many key players in the region are aiming for collaboration, acquisition and new product strategies to escalate their business presence. The growing telecom infrastructure in the European countries like UK, France, Germany and others have opened new opportunities for InP lasers products.
Key vendors like Oxford Instruments have enormous experience in the InP laser technology products and have been serving to the European client for applications in communications, optoelectronics and others. The presence of such experienced vendors contributes to the local revenue generation for such InP laser and associated products. Hence, driving the demand for InP laser in the coming years.
Who are the Key InP Lasers manufacturers?
Some of the leading vendors of InP lasers include
- Oxford Instruments Lumentum
- Sheaumann Laser
- Akela Laser
- Eblana Photonics
- Source Photonics
- NeoPhotonics and others.
Key players in the market are focusing on expanding and deploying new lineup of InP lasers products to meet rising demands from industries, globally. The manufacturers are continuously focusing on product R&Ds investing millions of dollars for new product developments and upgrades, to meet the customer demands. The vendors also do technology partnerships to further enhance their technical expertise and increase their customer base.
An Adaptive Approach to Modern-day Research Needs
InP Lasers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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