CHICAGO, Sept. 9, 2022 /PRNewswire/ — Laser Diode Market size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2CHICAGO027, at a CAGR of 13.1% during the forecasted period, according to a new report by MarketsandMarkets™. The major drivers for the growth of laser diode market include increasing investments in military & defense leading to high demand for laser technology and expanding fibre laser market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1006
Browse in-depth TOC on “Laser Diode Market”
200 – Tables
52 – Figures
250 – Pages
The laser diode market dominated by the major Tier I suppliers like II-VI Incorporated (US), Lumentum Holding Inc. (US), ams-OSRAM AG (Austria), ROHM Co., Ltd. (Japan), Ushio, Inc. (US), and Hamamatsu Photonics K.K. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World.
Gallium nitride (GaN) is expected to be emerged as the fastest growing doping material segment in laser diode market during the forecasted period
The GaN segment is expected to grow at the highest CAGR during forecasted period. The use of GaN-based laser diodes in LiDAR applications is projected to create growth opportunities in the long term for the players operating in the ecosystem. Technological innovation in consumer electronics besides smartphones, such as AR/VR devices, are projected to further increase the demand for GaN-based laser diodes in 3D sensing applications.
VCSEL diode is expected to be emerged as the fastest growing technology segment in laser diode market during the forecasted period
Vertical-cavity surface-emitting laser (VCSEL) diode is a form of surface emitting laser, and it emits the laser radiation in a direction perpendicular to the wafer, delivering a few milliwatts with high beam quality. In this type of a laser diode, the optical cavity is along the axis of the current flow. VCSELs are highly efficient and economical for use in various applications such as data communication and 3D sensing. Increase in application of 3D sensing in smartphones is projected to be the major factor driving the growth of the VCSEL market.
Telecommunication application for laser diode market is the second largest segment during the forecast period
Telecommunication has been one of the driving factors for the emerging laser diode technology. Telecom operations involve installing a new system or collecting existing position information for inventory purposes. Precise network design, including signal strength optimization, demands proper tower placement are some of the applications required wide range of laser diodes. In the coming years, laser diode is expected to gain importance in space applications, especially for transmitting large quantities of data between satellites. With increasing bandwidth requirements and a shift to 100G transceivers, the demand for lasers and laser diodes in optical communication is also growing.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1006
North America is likely to be emerge as the second fastest growing region during forecasted period
Laser diode companies in the North America are competing to improve epitaxial structures to develop and produce new wavelengths and packages and manufacture higher-power laser diodes for an existing wavelength. The decreasing cost of high-power lasers is one of the prime factors that has boosted the demand for laser diodes in the North American market. Additionally, advanced medical facilities in the US employ various medical devices that are manufactured using laser diodes. The usage of laser diodes in surgical operations is increasing steadily. Moreover, the presence of prominent telecommunication, aerospace & defense, and automotive companies, such as AT&T, Verizon Wireless, Boeing, and General Motors, is also expected to boost the growth of the laser diode market in North America.
II-VI Incorporated (US), IPG Photonics Inc. (US), Jenoptik AG (Germany), Lumentum Holding Inc. (US), MKS Instruments (US), ams-OSRAM AG (Austria), ROHM Co., Ltd. (Japan), Sharp Corp. (Japan), Ushio, Inc. (US), and Hamamatsu Photonics K.K. (Japan) are few major players in the laser diode market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1006
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Laser Cladding Market by Type (Fiber Laser, Diode Laser, YAG Laser, CO2 Laser), Revenue, End-use Industry (Oil & Gas, Aerospace & Defense, Automotive, Power Generation, Mining), and Region (2021-2026)
Tunable Diode Laser Analyzer (TDLA) Market by Methodology (In-Situ and Extractive), Gas Analyzer Type (Oxygen,, Ammonia, COX, Moisture, CxHx, HX), Industry (Oil & Gas, Cement, Power), and Geography – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/laser-diode-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/laser-diode.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
