Laser Diode Market 2022 Industry Trends, Size, Growth Insight, Share, Emerging Technologies, Share, Competitive, Regional, And Global Industry Forecast To 2025

According to the new research report published by The Insight Partners, titled "Laser Diode Market - Global Analysis and Forecast to 2025", the global laser diode market is expected to reach US$ 17.7 billion in 2025, registering a CAGR of 11.2% during the forecast period 2015-2025. Demand for lighting fixtures in the U.S. has risen, and the non-portable fixtures are slated to remain the dominant product category. This category has grown at a better rate as compared to the portable lighting segment. North America is also among one of the major markets for automotive lighting.

Laser Diode Market: Competitive Landscape and Key Developments
The key companies profiled in this report include ASML Holding N.V., Axcel Photonics, Inc., Coherent, Inc., IPG Photonics Corporation, Newport Corporation, Panasonic Semiconductor Solutions Co., Ltd., Rofin-Sinar Technologies Inc., Sharp Corporation, Sumitomo Electric Industries, Ltd., and Trumpf GmbH + Co. KG. Developing countries of Europe and Asia-Pacific are witnessing high demand for laser diode due to the increasing demand from the automotive sector.

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LASER stands for Light Amplification by Stimulated Emission of Radiation. The laser diode is a p-i-n junction electrically pumped semiconductor diode. Its active region is located in the intrinsic region, and the carriers such as holes and electrons are pumped into the P and N regions respectively. Initially, laser diodes were made using p-n diodes; however, modern laser diodes utilize the double heterostructure implementation. The photons and carriers are confined to maximize the chances of recombination and generation of light. In order to produce light, all the carriers in the I region need to be recombined. Thus, these laser diodes are made using direct band gap semiconductors.

Crystal growth technique is utilized in the growth of the laser diode epitaxial structure that is usually initiated from an N-doped cladding and contact layer. The active layer comprises quantum wells that offer low threshold current and greater efficacy.

Laser Diode Market: Key Insights - Future Trend
Laser diode market is segmented based on application, i.e. automotive, consumer electronics, healthcare, military & defense, and other applications. Automotive segment holds the prominent market share during the forecast period. Laser diode-based headlamps require lesser power and have greater efficiency than LED headlamps. Laser diodes produce a more targeted light point, which increases visual safety while driving and they also limit the offensive glare that is experienced during the use of halogen-based lights. Laser diodes offer high beam lighting which has a greater reach and brings design flexibility due to its compact size. The automotive laser diode segment is analyzed to expand at a steady rate during the forecast period, especially in Europe and APAC region.

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Advancements in display technologies across the globe, particularly in developing economies of the Asia Pacific (APAC) region coupled with rapid growth in automotive and electronic manufacturing sectors across the region are propelling the global laser diode market. APAC is the fastest growing market for automotive manufacturing. Furthermore, industrial and automobile laser manufacturing is witnessing significant demand due to the fact that a number of manufacturers are looking forward to upgrading their equipment and there is tremendous demand among consumers for automobiles.

Laser Diode Market: Segmental Overview
LASER stands for Light Amplification by Stimulated Emission of Radiation. Laser diode is a p-i-n junction electrically pumped semiconductor diode. Its active region is located in the intrinsic region and the carriers such as holes and electrons are pumped into the P and N regions respectively. Initially, laser diodes were made using p-n diodes.

However, modern laser diodes utilize the double heterostructure implementation. The photons and carriers are confined to maximize the chances of recombination and generation of light. In order to produce light, all the carriers in the I region need to be recombined. Thus, these laser diodes are made using direct band gap semiconductors. Crystal growth technique is utilized in the growth of laser diode epitaxial structure that is usually initiated from an N-doped cladding and contact layer. The active layer comprises quantum wells that offers low threshold current and greater efficacy.

Furthermore, the power efficiency of laser diodes is greater than 30% vis-à-vis laser sources. Since the laser diodes are made of semiconductor materials, they do not require mirror alignment or fragile glass that is typically used in gas lasers. The resultant small size and ruggedness of laser diodes enables them to be utilized in spaces and environments where other laser sources cannot operate. These factors aid to the growth of the market.

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Laser diode market produces a bright output when it is small and compact in size. Currently, laser diodes operating in CW offer tremendous power in packages as compact as few cubic centimeters. This feature is beneficial in several devices such as cable TV (CATV) transmission, high definition (HD) TV development, and healthcare applications. In addition, it runs at low power as compared to other laser sources since a majority of the laser diodes operate with voltage requirements of less than 2V.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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