The global laser diode market size reached US$ 9.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2027, exhibiting a CAGR of 13.12% during 2022-2027.
Laser diodes (LD), also known as injection lasers, are semiconductor devices that generate coherent radiation of high intensity in the visible or infrared (IR) spectrum when a current passes through. They can be focused on a very small point with the help of a simple lens system. As compared to conventional lasers, laser diodes are compact, lightweight, and require low current and voltage. Consequently, they are gaining immense traction across the globe and finding vast applications in laser printers, communications, optical fiber systems, compact disc (CD) players, remote-control devices, intrusion detection systems and industrial processing machinery.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global laser diode market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Injection Laser Diode (ILD)
- Optically Pumped Semiconductor Laser (OPSL)
On the basis of types, the market is bifurcated into injection laser diode (ILD) and optically pumped semiconductor laser (OPSL). Currently, injection laser diode represents the most popular product type, holding the majority of the market share.
Breakup by Application:
- Optical Storage and Communication
- Industrial Applications
- Medical Applications
- Military and Defence Applications
- Instrumentation and Sensor Applications
Based on applications, the global laser diode market is segregated as optical storage and communication, industrial applications, medical applications, military and defense applications, instrumentation and sensor applications and others. At present, industrial applications account for the majority of the market share, representing the biggest application area.
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
On a geographical front, Asia Pacific enjoys the leading position in the global laser diode market. Constant demand emerging for material processing in automotive, heavy industries and general manufacturing is contributing to the growth of the market in the region. Other major markets include North America, Europe, Latin America, and Middle East and Africa.
The market is fragmented in nature with the presence of numerous small and large manufacturers who compete against one another in terms of prices, quality, and innovation. Some of the leading players operating in the market are:
- IPG Photonics
- OSRAM Licht AG
- TRUMPF GmbH + Co. KG
- Jenoptik AG
This report provides a deep insight into the global laser diode market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laser diode industry in any manner.
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