Press release
Numerous Advantages of Laser Diodes over Conventional Technologies to Bolster Laser Diode Market at a CAGR of 11.2%
The Insight Partners
Browse market data tables and in-depth TOC of the Laser Diode Market to 2025 @ http://www.theinsightpartners.com/reports/laser-diode-market
Some of the key factors driving the global market include growing awareness about laser diode and its uses, growing fiber laser market, and remarkable research in the VCSEL market. Significant rise in the use of laser diodes in various end-use markets due to a number of advantageous features provided by laser technology in-comparison to traditional methods is a major factor driving this market. Moreover, the rapid growth in automotive industries and electronic manufacturing across the world is bolstering the global market.
The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications.
North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.
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China led the laser diode market in Asia Pacific (APAC) in 2015 and is expected to continue its dominance by rising at a CAGR of 11.8% during the forecast period from 2015 to 2025. Increasing demand for advanced technology in the healthcare and industrial markets is driving the growth in the laser industry.
Brazil led the South America (SAM) laser diode market in 2015 and is likely to continue its dominance by expanding at a CAGR of 12.2% during the forecast period from 2015 to 2025. Brazil boasts of the largest manufacturing sector in SAM, which accounts for nearly one-third of SAM’s GDP. Brazil has an array of industries ranging from automobile, steel, and petrochemicals to computers, aircrafts, and consumer durables that deploy laser diodes in their applications.
The global market is classified by doping materials into GaN, AlGaInP, InGaN, GaAlAs and other doping materials (GaAs and GaInAsSb). This report is further classified on the basis of wavelength into red laser diode, blue, IR, blue-violet and others (green and UV ). Lastly, the global market is segmented on the basis of applications into consumer electronics, automotive, military & defense, healthcare and other applications (industrial, instrumentation & sensors, etc.).
The report profiles key players such as Coherent, Inc., Newport Corporation, Panasonic Semiconductor Solutions Co. Ltd., IPG Photonics Corp., Sharp Corporation, ASML Holding NV, Trumpf GmbH+ Co. KG, Sumitomo Electric Industries, Ltd., Rofin-Sinar Technologies Inc. and Axcel Photonics, Inc.
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About The Insight Partners:
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 are a specialist in Technology, Media, and Telecommunication industries.
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About The Insight Partners:
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 are a specialist in Technology, Media, and Telecommunication industries.
The Insight Partners
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