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Laser Diode Market Analysis 2023-2032: Growth Rate, Share, Size, Demand And Trends | Coherent Inc., Hamamatsu Photonics K.K, IPG Photonics Corp., Jenoptik AG, Newport Corporation
Laser Diode Market
Laser Diode Market Size, Growth Rate, And Forecast
The global laser diode market size is expected to grow from $7.16 billion in 2022 to $8.04 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global laser diode market size is expected to reach $12.56 billion in 2027 at a CAGR of 11.8%.
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Laser Diode Market Drivers
The increasing demand in the EV automotive industry is expected to propel the growth of the laser diode market going forward. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries. Additionally, with defense against COVID-19 and aspirations to achieve net-zero emissions, EV and hybrid vehicles are suddenly adopted.
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Laser Diode Market Segments
• By Property: Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue Violet Laser Diode, Green Laser Diode, Ultraviolet Laser Diode.
• By Doping Material: InGaN, GaN, AIGaInP, GaAs, Other Doping Materials.
• By Technology: Double Hetero Structure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, VECSEL Diodes.
• By End-User Industry: Aerospace And Defense, Automotive, Consumer Electronics, Electronics And Semiconductors, IT And Telecommunication, Other End-Users.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Laser Diode market.
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Laser Diode Market Key Players
Major competitors in the laser diode market include Coherent Inc., Hamamatsu Photonics K.K, IPG Photonics Corp., Jenoptik AG, Newport Corporation, Rofin-Sinar Technologies Inc., ROHM Co. Ltd., Sharp Corporation.
The Business Research Company's "Global Laser Diode Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Laser Diode Market Include:
1. Executive Summary
2. Laser Diode Market Characteristics
3. Laser Diode Market Trends And Strategie
4. Laser Diode Market - Macro Economic Scenario
5. Laser Diode Market Size And Growth
……
26. Africa Laser Diode Market
27. Laser Diode Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Laser Diode Market
29. Laser Diode Market Future Outlook and Potential Analysis
30. Appendix
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