Laser Diode Market: Applications and Global Markets
The former helps in assessing the strengths, weaknesses, opportunities, and threats, while the latter gives a fair understanding on the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.
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According to the research report, the global laser diode market was valued at US$4.6 bn in 2013 and is expected to reach US$10.26 bn by 2020, expanding at an impressive CAGR of 12.60% from 2014 to 2020. The prime growth driver for the global laser diode market is the advantages laser diodes offer in comparison to other material processing technologies. These diodes are more efficient and precise as compared to traditional material processing technologies.
The laser diode market is segmented on the basis of doping material, application, technology, wavelength property, and geography. The doping materials used in this market are InGaN, GaN, AIGaInP, GaInAsSb, GaAIAs, GaAs, and others. The applications of laser diodes are seen in the industrial sector, the healthcare industry, the automotive industry, the defense industry, and others.
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The technologies deployed in the laser diode market are double hetero structure laser diodes, quantum cascade laser diodes, quantum well laser diodes, distributed feedback laser diodes, separate confinement hetero structure (SCH) laser diodes, VCSEL diodes, and VECSEL diodes. Depending on the wavelength, the global laser diode market is categorized into red laser diodes, infrared laser diodes, blue violet laser diodes, blue laser diodes, green laser diodes, and ultraviolet laser diodes. Geographically, this market has been segmented into Asia Pacific, Europe, North America, and Rest of the World.
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The AlGaInP segment dominated the global laser diode market in 2013 with a share of 30% in the overall market. This remarkable share was attributable to the increasing adoption of this type of laser diodes in laser pointers and optical disks. On the other hand, the consumer electronics segment continues to hold a leading position amongst the applications of laser diodes. According to the report, the automotive industry will also provide a lucrative growth opportunity for the laser diode market, as laser diodes are extensively used for marking and engraving automotive plastics.
The research report profiles some of the top players in the global laser diode market in order to offer the readers a clear view of the competitive landscape. Furthermore, the research report also states the financial overview of the companies, their business and marketing strategies, research and development activities, and their investment outlook in the global laser diode market in the coming few years.
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