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Laser Diode Market 2023 - By Growth Analysis, Opportunities, Business Insights, Key Trends And Forecast By 2032
Laser Diode Market
The Business Research Company's Laser Diode Global Market Report 2023 identifies increasing demand in the EV automotive industry as the major driver for the Laser Diode market's growth in the forecast period. 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. It is an optoelectronic device that converts electricity into light energy to produce high-intensity coherent light, which are used in EV vehicle, thus increasing demand.
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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Major competitors in the Laser Diode market are Coherent Inc., Hamamatsu Photonics K.K, IPG Photonics Corp., Jenoptik AG, Newport Corporation, Rofin-Sinar Technologies Inc.
A key trend in the Laser Diode market includes product innovations. Major companies operating in the laser diode market are advancing toward the use of innovative solutions for the laser diode market. For instance, in April 2022, Lumentum Holdings Inc., a US-based company operating in laser diode launched a femtosecond laser system to its portfolio of high-precision ultrafast industrial lasers, FemtoBladeTM. The unique features such as a modular architecture that provides high power at high repetition rates, result in greater flexibility, quicker processing speed, and higher throughput for micromachining applications such as OLED, PCB, ceramic and glass cutting, engraving, and solar cell processing. The FemtoBlade laser's modular design allows its non-linear optics unit to be easily field-replaceable, significantly reducing downtime.
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The Laser Diode market is segmented -
• 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.
The Business Research Company's "Global Laser Diode Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Laser Diode Market Include:
1. Executive Summary
2. Laser Diode Market Characteristics
3. Laser Diode Market Trends And Strategies
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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