Press release
Laser Diode Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2027
The Information Technology & Telecommunication Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Information Technology & Telecommunication market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Information Technology & Telecommunication market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Information Technology & Telecommunication market.The global laser diode market was valued at USD 8.84 billion in 2020, and it is expected to reach USD 16.25 billion by 2026, registering a CAGR of 11.2%, between 2021 - 2026.
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Top Leading Companies of Information Technology & Telecommunication Market are - Coherent Inc., Cutting Edge Optronics Inc. (Northrop Grumman Corp.), IPG Photonics Corporation, OSRAM Opto Semiconductors Inc., TRUMPF Inc., Sharp Corporation, Sumitomo Corporation, ROHM Semiconductor USA LLC, Frankfurt Laser Company, OSI Laser Diode Inc., Hamamatsu Photonics K.K., Jenoptik AG, Nichia Corporation and others.
Industry News and Updates:
- March 2020 - IPG Photonics Corporation announced that it is extending its portfolio of coherent modules with support for single fiber, and bi-directional transmission. IPG photonics also announced support for extended temperature operations across its Menara-branded Hytham line of coherent transceiver modules.
- February 2020 - OSRAM Opto Semiconductor GmbH launched 65-Watt laser to its LiDAR photonics portfolio. It will be used in autonomous driving for capturing the immediate vehicle surroundings, ensuring high-resolution images for subsequent systems.
Key Market Trends:
Adoption of Laser in Medical and Healthcare to Drive the Market Growth
- The past few years have witnessed increased demand for laser diodes in the healthcare sector owing to their assistance to physicians to focus the beam with better precision on directed areas, preventing unwanted damage to the surrounding area.
- However, these lasers are used to process plastics for medical devices (polymer processing). There is an increased demand for cosmetic surgery procedures, which include surgical and non-surgical procedures that improve the appearance by reshaping and enhancing the body structure. For instance, according to American Society of Plastic Surgeons (ASPS), almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the United States in 2018 for contouring, skin resurfacing, wrinkle and pigmentation reduction, and tattoo removal, providing the growth to the energy-based aesthetic treatment system.
Asia-Pacific to Witness a Significant Growth
- The laser diode market in the Asia-Pacific region is witnessing robust growth, primarily owing to the widespread presence of electronics and automobile manufacturing organizations and an increase in the purchasing power of consumers. The region is also witnessing a growth in the adoption of smartphones and digitization of business processes, fuelling the adoption of laser diodes to cater to the booming consumer electronics and automotive sector.
- The growing demand for smartphones and other major consumer electronics products from countries, such as China, the Republic of Korea, India, and Singapore, are encouraging many companies to set up production establishments in the Asia-Pacific region. The abundant availability of raw materials and the low establishment and labor costs are also helping the companies launch their production centers in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Information Technology & Telecommunication Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Information Technology & Telecommunication Market (%),2016 - 2026
- Information Technology & Telecommunication Market Share, By Brand
- Information Technology & Telecommunication Market Share, By Company
- Information Technology & Telecommunication Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Information Technology & Telecommunication Market Value Analysis & Forecast
- Promising Information Technology & Telecommunication Development by Major Companies
- Detailed Information Technology & Telecommunication Portfolio of the Major Companies
- Major Deals in the Information Technology & Telecommunication Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082592420/laser-diode-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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