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Blue Laser Diode Market size is set to grow by USD 334.9 million from 2024-2028, Advances in laser projectors boost the market, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global blue laser diode market size is estimated to grow by USD 334.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.2%  during the forecast period. Advances in laser projectors is driving market growth, with a trend towards growing popularity of high-power blue laser diodes. However, declining demand for blu-ray disc players and dvd players  poses a challenge. Key market players include ams OSRAM AG, Coherent Inc., Egismos Technology Corp., Exaktera LLC, Frankfurt Laser Co., IADIY Photonics, Laser Components GmbH, Laserex Technologies Pty Ltd., Laserline GmbH, Nichia Corp., NUBURU Inc., Omicron-Laserage Laserprodukte GmbH, Panasonic Holdings Corp., Renesas Electronics Corp., RPMC Lasers Inc., Sharp Corp., Tomorrows System Sp zoo, TOPTICA Photonics AG, Ushio Inc., and Vortran Laser Technology Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Blue Laser Diode Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.2%

Market growth 2024-2028

USD 334.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.87

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, Germany, Canada, and Japan

Key companies profiled

ams OSRAM AG, Coherent Inc., Egismos Technology Corp., Exaktera LLC, Frankfurt Laser Co., IADIY Photonics, Laser Components GmbH, Laserex Technologies Pty Ltd., Laserline GmbH, Nichia Corp., NUBURU Inc., Omicron-Laserage Laserprodukte GmbH, Panasonic Holdings Corp., Renesas Electronics Corp., RPMC Lasers Inc., Sharp Corp., Tomorrows System Sp zoo, TOPTICA Photonics AG, Ushio Inc., and Vortran Laser Technology Inc.

Market Driver

The global blue laser diode market has experienced a moderate growth due to the limited innovation in this sector. However, the increasing adoption of high-power blue laser diodes in various industries is expected to boost market growth. Major players like USHIO and OSRAM have introduced high-power blue laser diodes, capable of delivering a maximum power of 250 W at 450 nm wavelength. These diodes generate less heat, ensuring high operational efficiency. Additionally, blue laser diodes have a superior absorption capacity, enabling them to cut through metals such as copper and gold, which is not possible with red or green laser diodes. Consequently, these diodes are extensively used in material processing equipment, 3D printers, and optical fiber communication networks. These factors are anticipated to fuel the expansion of the global blue laser diode market during the forecast period. 

The Blue Laser Diode market is experiencing significant growth due to its increasing applications in various industries. One of the major sectors driving this trend is the LiDAR system, where blue laser diodes are used for their superior brightness and high reliability in creating 3D maps. In addition, blue laser diodes find extensive use in cameras for range finding, target selection, and illumination. Key components of LiDAR systems include data processing electronics, photodetector, motion control equipment, and laser source. Blue laser diodes offer advantages such as superior brightness, high pulse power, and longer reach compared to other laser sources like VCSEL diodes, visible laser diodes, or ultraviolet lasers. However, challenges such as LIDAR system limitations in bad weather conditions and pump sources require continuous innovation. Solid state systems and laser diode arrays are gaining popularity due to their compact size and cost-effectiveness. Rare earth metals like InGaN, GaN, AIGaInP, and doping materials like neodymium, chromium, erbium, and ytterbium are essential in producing blue laser diodes. Leading players in the market include Hamamatsu Photonics, with a focus on medical applications and fiber laser market. The market is expected to grow further as blue laser diodes find applications in IR, UV, and other industries. 

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Market Challenges

The global blue laser diode market faces challenges due to decreasing demand for Blu-Ray disc players and DVD players. Blue laser diodes are essential components in these devices for reading and writing data. However, the rise of online video streaming platforms and portable data storage devices has diminished the need for physical media. According to Technavio, US revenue from Blu-Ray disc and DVD sales dropped by USD549.88 million from 2013 to 2018. Consumers now access content directly from cloud platforms, eliminating the requirement for Blu-Ray discs or DVDs. This trend is projected to impede the expansion of the global blue laser diode market.The blue laser diode market is experiencing significant growth due to its increasing applications in various industries. Blue laser diodes, a type of semiconductor laser diode, emit coherent radiation in the visible spectrum and are in high demand for fiber lasers in the fiber laser market. However, the production of blue laser diodes faces challenges due to the use of rare earth metals like Neodymium, Chromium, Erbium, Ytterbium, and Gallium aluminum arsenide in their manufacture. These elements are costly and can impact the overall price of the laser diode. Blue laser diodes find applications in medical devices, telecommunication industry for broadband communication systems in data centers, and industrial processes like precision cutting, welding, heat treating, cladding, and more. The market for blue laser diodes is expanding into new areas such as LIDAR, radar systems, and autonomous vehicles. However, challenges include achieving high output powers, monochromaticity, coherence, and directionality, which are essential for these applications. Currently, companies like Hamamatsu Photonics lead the market, but competition is increasing from other semiconductor device manufacturers. Blue laser diodes have diverse applications, including in compact disc players, remote control devices, intrusion detection systems, motion sensors, 3D depth sensors, optical disk pickup, and solid-state lasers. The market for blue laser diodes is expected to grow further due to their use in emerging technologies like LIDAR and autonomous vehicles. Despite the challenges, the future of the blue laser diode market looks promising.

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Segment Overview 

This blue laser diode market report extensively covers market segmentation by  

Type 1.1 Single-mode1.2 Multi-modeApplication 2.1 Bio/medical2.2 Laser projectors and scanner2.3 Blu-ray devices2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Blue laser diodes, a type of semiconductor laser diode, emit blue light and are gaining significant attention due to their versatile applications. These diodes are essential components in various industries, including fiber lasers for material processing and broadband communication systems in telecom and data centers. Blue laser diodes find extensive use in fiber lasers for precision cutting of metals, surpassing the capabilities of traditional lasers. In contrast, they are also utilized in medical applications for various purposes, such as UV phototherapy and IR spectroscopy. Rare earth elements like Neodymium, Chromium, Erbium, Ytterbium, and Gallium aluminum arsenide are crucial in the fabrication of blue laser diodes. The global market for blue laser diodes is expected to grow substantially due to the increasing demand for advanced technologies in telecommunications, medical, and industrial sectors.

Market Research Overview

Blue laser diodes, also known as semiconductor laser diodes, are solid-state lasers that emit coherent radiation in the visible and near-infrared spectrum. They are essential components in various industries, including fiber lasers, telecommunications, medical applications, and more. Blue laser diodes are available in different wavelengths, such as UV, IR, and those using rare earth metals like Neodymium, Chromium, Erbium, and Ytterbium. The market for blue laser diodes is driven by their applications in broadband communication systems, data centers, precision cutting, welding, heat treating, cladding, and more. Gallium aluminum arsenide is a common material used in the fabrication of blue laser diodes. Applications include motion sensors, 3D depth sensors, optical disk pickup, LIDAR systems, and radar systems. Output powers, wavelengths, beam shapes, monochromaticity, coherence, and directionality are key parameters for blue laser diodes. Limitations of LIDAR systems include pulse power, bad weather, and pump sources. Solid state systems, laser diode arrays, and high reliability are some of the advantages of blue laser diodes. Doping materials like InGaN and GaN are used to enhance the performance of blue laser diodes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSingle-modeMulti-modeApplicationBio/medicalLaser Projectors And ScannerBlu-ray DevicesOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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American Doctors Return From Medical Mission In Conflict-Affected Syria

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Doctors treated life-threatening conditions, provided specialized care, and delivered critical training to local healthcare providers.

WASHINGTON, Sept. 23, 2024 /PRNewswire/ — Today, 24 Syrian American Medical Society (SAMS) volunteer doctors from the United States returned from a week-long medical mission to northwest Syria, where they provided life-saving medical care and specialized training to local healthcare providers. From September 15-20, 2024, the volunteer physicians conducted a wide range of medical interventions, including complex cardiac procedures, oncological and retina surgeries, pediatrics subspecialty clinics and intensive care consultations, impacting thousands of lives in a region devastated by conflict and last year’s disastrous earthquake.

SAMS Member and group leader of the mission, Dr. Bassel Atassi, an oncologist of Chicago, who completed the week-long mission in northwest Syria, shared, “During our mission, we carried out 277 surgeries and provided 1,367 consultations. Our focus was not only on treating patients but also on training local doctors in pathology, cardiology, and oncology and other essential practices to help them treat and local refugees. The knowledge transfer was crucial in ensuring that the impact of our work extends far beyond our time on the ground”

“This mission represents the unwavering commitment of our volunteers to provide life-saving care in some of the most challenging conditions imaginable,” said SAMS’ President Dr. Mufaddal Hamadeh. “We are proud of the medical impact made and the meaningful training and collaboration with local healthcare providers that will continue to benefit the region long after our departure. The resilience and courage of the people we serve inspire us to continue our vital work in Syria and beyond.”

The mission included a diverse array of medical services and training initiatives aimed at bolstering local healthcare capacity. Highlights included:

Pediatric and Adult Cardiology: Conducting echocardiograms, pacemaker implants, and catheter-based interventions for pediatric patients and performing adult cardiac surgeries, including coronary artery bypass grafting and valve surgeries.Oncology: Performing major surgeries in urological, gastrointestinal, and gynecological oncology while providing oncological consultations and training at SAMS-supported oncology centers.Specialized Consultations and Procedures: Retinal specialists performed vitrectomies and laser procedures, while intensive care specialists led ICU rounds and critical care consultations.Training and Education: The mission delivered hands-on training, crash courses, and a 2-day Pediatric Scientific Conference, focusing on pediatric specialties, benefiting over 200 general pediatricians in northwest Syria.

Syrians and refugees are still recovering from the earthquake that struck the border area in February 2023, but life is improving thanks to the work of SAMS and its countless volunteers and 2,400 staff in the region—nearly half of whom were displaced by the disaster.

For more information, contact:
Blaine Heck / 201-314-9506 / 383715@email4pr.com

About SAMS:
SAMS is a nonprofit, non-political organization that works on the front lines of crisis relief, providing medical and humanitarian assistance to the most vulnerable in Syria, its neighboring countries, and beyond. Last year, SAMS provided lifesaving medical services to 3.6 million people. For more information about SAMS, go to www.sams-usa.net.

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SOURCE Syrian American Medical Society

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Pyka Secures $40M Series B to Advance Commercialization of Dual-use Autonomous Electric Aircraft

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Funding will accelerate Pyka’s growth and further scale production of its autonomous aircraft for agriculture, defense, and commercial logistics.

ALAMEDA, Calif., Sept. 23, 2024 /PRNewswire/ — Pyka, an electric aviation technology leader that designs and manufactures large-scale autonomous electric aircraft, today announced a $40M Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator.

Pyka is rapidly commercializing autonomous electric aircraft by applying its technology to many of the world’s most critical flight missions, including agricultural crop protection, commercial cargo transportation, and defense logistics.

“This accomplishment is a significant milestone for Pyka,” said Michael Norcia, Co-Founder and Chief Executive Officer at Pyka. “We are designing, developing, and commercializing autonomous electric aircraft at a pace that few companies have been able to achieve. With commercial production well underway, and our aircraft deployed with customers on multiple continents, we are extremely proud of the progress we’ve made as a company thus far. This round of funding brings us one step closer to unlocking autonomous electric flight for society.”

The company currently produces the largest commercially-approved uncrewed aircraft system (UAS) in the United States and maintains active commercial operations across the U.S., Central America, and Brazil. Pyka’s portfolio of customers includes key players in the agriculture, commercial cargo, and defense logistics value chains, such as Dole, Embraer, Sierra Nevada Company, Heinen Brothers Agra Services, and Skyports Drone Services. In early 2024, Pyka delivered three aircraft to the United States Air Force as part of the Agility Prime program.

The new investment will accelerate Pyka’s growth across its dual-use product line. On the commercial side, it will support further investment in Pyka’s domestic manufacturing capabilities, boost production of its Pelican Spray and Pelican Cargo products, and enable expanded operations with both U.S. and international customers. Additionally, the Series B funds will advance the development of new capabilities to support contested logistics operations for the U.S. Department of Defense and allied partners.

“From the beginning, Pyka was focused on getting into the air and getting into business with commercial operations. Their cost-effective mindset and discipline caught our attention,” said Andrew Beebe, Managing Director at Obvious Ventures. “And what got us really excited was the passion of the team and their mission-driven focus on electrifying aviation and decarbonizing one of the worst offenders in the world.”

Pyka’s family of products includes Pelican Spray, a 1,320-lb, fully autonomous, and 100% electric aircraft designed for complex agricultural operations. The aircraft combines best-in-class spray precision and chemical drift reduction technologies to provide safe, clean, and cost-effective crop protection at scale. Pelican Spray is the largest FAA-approved UAS for agricultural operations and the most productive spray UAS on the Market.

Additionally, Pyka produces Pelican Cargo, the world’s first large-scale autonomous electric cargo aircraft capable of heavy-payload, long-range, and off-airport operation. The 100% electric aircraft can transport up to 400 lbs over a range of 200 miles. Pyka has partnered with Sierra Nevada Company to introduce RUMRUNNER, a modified edition of Pelican Cargo, to customers within the U.S. Department of Defense for sustainment in contested logistics operations.

All of Pyka’s products incorporate its proprietary autonomous flight engine and all-electric propulsion system to enable operations in the world’s most complex environments without putting human operators in harm’s way, at unprecedented cost savings to customers.

About Pyka:

Pyka is defining the future of safe, environmentally-friendly, and cost-effective aviation with autonomous electric airplanes for crop protection and cargo delivery. Pyka’s proprietary technology includes autonomous flight control software, flight computers, high energy density batteries, advanced electric propulsion systems, and carbon composite airframes. Learn more at www.flypyka.com.

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SOURCE Pyka

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#PlumeStrong Cycling Challenge 2024 Surpasses Goal by Raising over €610.000 for Street Child to Develop Secondary Schools in Sierra Leone

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PALO ALTO, Calif., Sept. 23, 2024 /CNW/ — Plume completed its fourth annual #PlumeStrong Cycling Challenge (#PSCC24) – a 5-stage 824 km route from Zurich, Switzerland to Venice, Italy that took place from September 2-6, 2024. The #PSCC is a fundraiser to benefit #PlumeStrong, Plume’s social impact initiative with a mission to empower communities worldwide through meaningful initiatives that promote health, education, equality, efficiency, sustainability, technological innovation, and security. #PlumeStrong envisions a world where more individuals, particularly children, have access to education, resources, and opportunities.

During the five-day ride through the iconic mountain passes of Switzerland and Italy, Plume employees and corporate partners were joined by #PlumeStrong Ambassadors Tadej Pogačar, a three-time Tour de France winner, Urška Žigart, a Slovenian professional racing cyclist, currently riding for the Liv AlUla Jayco WorldTeam, Scott Ogden, English Grand Prix motorcycle racer currently competing in the 2024 Moto3 World Championship for MLav Racing, and Marko Baloh, Guinness & WUCA World Record Holder and elite ultra-cyclist and coach. 

Together, #PSCC24 and its supporters raised over €610,000 surpassing the initiative’s original target of €550,000. Recently, #PlumeStrong and its charity partner Street Child announced that the money raised during the #PSCC24 will be used to benefit Street Child’s work in Sierra Leone. The initial goal was to develop 15 rural secondary schools, providing quality education to over 1,500 children annually, teacher training, and the establishment of a community agriculture project to help sustain the school. Due to the excess funds already raised, #PlumeStrong and Street Child are now expanding the project to develop an additional 5 schools bringing the total number to 20.

Fahri Diner

“I am so proud of what the #PlumeStrong team achieved, said Fahri Diner, Founder and CEO of Plume. “We set a goal for this year’s ride and once again exceeded it. The #PlumeStrong Cycling Challenge 2024 (#PSCC24) was indeed a serious ‘challenge’ and not just a social ride – everyone who participated should feel an incredible sense of accomplishment. And more importantly, it was a successful fundraiser to help Street Child to provide additional educational opportunities for children. As is cycling, this was a beautifully orchestrated team effort, and we are so grateful for the commitment of our people, sponsors, partners, support teams and everyone who donated to the #PSCC24. On behalf of all of us at Plume, a big THANK YOU to all.”

Lucinda Dannatt

“We are thrilled by the success of the #PlumeStrong Cycling Challenge 2024, which has exceeded the initial fundraising goal, said Lucinda Dannatt, Director, Policy & Development and Co-Founder at Street Child. “Thanks to the incredible dedication of #PlumeStrong and its supporters, Street Child can now develop an additional 5 secondary schools, bringing the total to 20 schools and ensuring that at least 2,000 children in Sierra Leone will have the opportunity to receive a quality education. A huge thank you to everyone who braved the 800 km of mountain passes or supported us through donations and sponsorships. Your commitment has made this remarkable achievement possible.”

Tadej Pogačar

“Participating in the #PlumeStrong challenge is a point of pride in my life, and I am thrilled to have ridden again with #PlumeStrong,” said Tadej Pogačar. “I recognize the importance of giving back to those in need and this cycling challenge is one of my favorite ways to do so. The money being raised today will impact those in Sierra Leone and beyond, and I’m honored to be part of this great effort.”

Urška Žigart

“It’s a privilege to be a part of this incredible community of individuals all focused on providing opportunities to communities around the world,” said Urška Žigart. “Becoming a #PlumeStrong Ambassador is a milestone for me, made sweeter by the fact that we’re building a bridge to the cycling world. I look forward to participating in these challenges for years to come.”

Watch the #PSCC24 recap video here: https://www.youtube.com/watch?v=N2mPn2VA_nI 

Media queries:
Plume: corporatecomms@plume.com
Street Child: ben.weich@street-child.org 

About Plume
Plume is the creator of the world’s first SaaS experience platform for communications service providers (CSPs) and their subscribers, deployed in more than 60 million locations globally. As the only open and hardware-independent, cloud-controlled solution, Plume enables the rapid delivery of new services for smart homes, small businesses and beyond, at massive scale. On the front end, Plume delivers self-optimizing, adaptive WiFi, cybersecurity, access, parental controls and more. CSPs get robust data- and AI-driven back-end applications for unprecedented visibility, insights, support, operations and marketing. Plume leverages OpenSync®, an open-source framework that comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.

Visit plume.com, plume.com/homepass, plume.com/workpass, plume.com/uprise, and opensync.io.

Follow Plume on LinkedIn and Instagram

© 2024 Plume Design, Inc. All rights reserved. Adaptive, Advanced loT Protection, Concierge, Flow, Harvest, Haystack, HomePass, OpenSync, Plume, Plume Adaptive WiFi, Plume IQ, Powered by Plume, Signal, SuperPod, WorkPass, Work From Here, WorldPass, and the Plume and OpenSync Logos, among others, are trademarks or registered trademarks of Plume Design, Inc. See trademark guidelines.

About Street Child
Street Child is one of the world’s fastest-growing international children’s charities, established in 2008. Street Child works to ensure children are safe, in school and learning even, and especially, in low resource environments and emergencies. The charity works with an expanding network of local organisations and a focus on the power and purpose of inspirational local level organisations sits at the heart of all they do – and has done so since the first partnership in Sierra Leone in 2008.

Today Street Child works in over 25 countries across sub-Saharan Africa, Asia, Europe and the Middle East.  

Learn more

Follow Street Child on LinkedIn and X

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SOURCE Plume Design, Inc.

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