The report forecasts the global laser diode market to grow at a CAGR of 11.07% during the period 2016-2020. The global laser diode market has been broadly divided into six application segments:
- Communication and optical storage
- Instrumentation and sensor
A trend that is bringing about change in the market and boosting growth is the number of M&A deals between vendors. The laser diode market is experiencing a rise in the number of M&A deals between the vendors. These collaborations help vendors expand their product portfolio as well as improve their respective market shares. The companies involved attain economies of scale and produce better technological systems.
According to the report, a key driver which is helping to boost market growth is the rising demand for laser diodes in material processing. The manufacturing of products in industries such as automotive, heavy engineering, general manufacturing, aerospace, and consumer electronics requires material processing. Material processing applications involve metal welding, metal hardening, laser brazing, cladding or repair welding, and cutting of metals for the machine tooling, automobile, and medical sectors. Laser diodes are versatile and can easily be adopted due to their modular design, which enables simple field replacement of components in case of failure of the machine.
Further, the report states that one challenge that could curtail market growth is intense competition from different types of lasers.
- IPG Photonics
- Rofin-Sinar Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information visit http://www.researchandmarkets.com/research/ztsc9g/global_laser