Global RGB Laser Modules Market Growth 2019-2024

RGB lasers are show laser systems with exactly three-color modules: red, green and blue. Commonly used wavelengths of semiconductor laser diodes for RGB laser manufacturing are 635-660nm for red color, 520nm for green color and 445-460nm for blue color lasers.
The market is driven by various application, such as laser projector, light source, and others. The key players include Opt Lasers (Tomorrow’s System), Sumitomo Electric Industries, SwissLas, Kvant Lasers, Elite Optoelectronics, RGB Laser System, TriLite Technologies, Aten Laser, CQ Laser Technologiesand so on.

According to optical power, RGB laser modules can be divided into 4 types: below 1 W, 1W to 5W, 5W to 10W, and above 10W. In 2016, RGB laser modules with optical power of 1W to 5W are most popular, which has market share of around 40%.

For application of RGB laser modules, the modules are most widely used in laser projectors, which has market share of 74.84% in 2016.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.


According to this study, over the next five years the RGB Laser Modules market will register a 24.4% CAGR in terms of revenue, the global market size will reach US$ 500 million by 2024, from US$ 140 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in RGB Laser Modules business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of RGB Laser Modules market by product type, application, key manufacturers and key regions and countries.

This study considers the RGB Laser Modules value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Below 1W
1W to 5W
5W to 10W
Above 10W
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Laser Projector
Light Source
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Opt Lasers (Tomorrow’s System)
Sumitomo Electric Industries
SwissLas
Kvant Lasers
Elite Optoelectronics
RGB Laser System
TriLite Technologies
Aten Laser
CQ Laser Technologies

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global RGB Laser Modules consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of RGB Laser Modules market by identifying its various subsegments.
Focuses on the key global RGB Laser Modules manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the RGB Laser Modules with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of RGB Laser Modules submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.