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Laser Diode Market To Expand At A CAGR Of 11.6% From 2022 To 2031

06-23-2022 11:57 AM CET | IT, New Media & Software

Press release from: Tansparency Market Research

A laser diode is a semiconductor device that generates coherent radiation (at the same frequency and phase) in the visible or infrared(IR) spectrum when current passes through it. This type of diode is used in optical fiber systems, laser printers, compact disc players, remote-control devices and intrusion detection systems. They are also available in a variety of output powers, wavelengths, and beam shapes. Thus, the global laser diode market is projected to grow at a decent growth rate from 2022 to 2031, owing to its favorable properties such as high monochromaticity, coherence, and directionality, as compared to ordinary light source.

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Furthermore, laser diodes are used in various devices, including motion sensors, laser printer, 3D depth sensors, sensor, and optical disk pickup. Demand for solid state lasers for data storage is rising, as the loss of data due to the aging of drive is lesser in optical data storage.

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Rise in Adoption of High Power Laser Diodes in Autonomous Vehicle Technologies to Drive Global Laser Diode Market

Increasing usage of laser diode in autonomous vehicles for LIDAR and radar systems, and other purposes is one of the significant factors driving the market. In the absence of a driver in self-driving vehicles, a LIDAR system becomes the eyes of a vehicle and regularly checks its surrounding environment to safely guide the vehicle to its destination. Most self- driving vehicles, currently, use a combination of LiDAR, radar, and cameras to create a 3D map of the surroundings. The LiDAR system uses laser pulses that bounce off objects and return to the sensor in order to measure distances and develop a detailed 3D map. These systems comprise a laser source, a data processing electronics, photodetector, and motion-control equipment.

The increasing demand for laser diode is majorly due to its lower price than that of other laser devices. Autonomous vehicles find extensive orientation by comparing camera data and acceleration, speed, and GPS data. Various new initiatives in terms of new product development, mergers & acquisitions, etc., are being observed in this market. For instance, in April 2022, Power Technology, Inc. launched a new 532 nm high-power diode module for OEM applications. However, there are some limitations to LIDAR system. Pulse power must be limited, as this wavelength can dangerous to the eye, which means that this system does not work properly in bad weather. The low pulse power also reduces the range of the detection system to around 100 m.

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Use of Laser Diodes to Continue to Rise in Aerospace & Defense Industry Due to Technological Advancements

Aerospace and defense is a crucial end-use industry segment of the market for laser diode. The aerospace & defense industry has been using laser diodes as pump sources for solid-state systems for the past few decades. This continues to be the biggest application for laser diodes, with the conventional format being laser diode arrays and high power laser diode bars.

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About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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