DUBLIN--(BUSINESS WIRE)--The "Laser Diode Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The report finds that the global laser diode market reached a value of US$ 7 Billion in 2017. According to the report, the market is expected to reach a value of US$ 12 Billion by 2023, exhibiting a CAGR of 10% during 2018-2023.
Various applications of laser diodes in diverse sectors are driving the growth of the market. The light emitted by laser diodes can be adjusted according to the requirement as they have a broad range of wavelengths. Owing to this, laser diode technologies are used for a variety of procedures in the healthcare sector, such as LASIK surgery, hair and tattoo removal, body contouring, reducing wrinkles and skin resurfacing.
Additionally, these diodes find several applications in the industrial sector including welding, soldering, cladding, micromachining and surface hardening. Further, laser diodes are used in headlamps for luxury cars where they provide a longer range of light as compared to LED headlamps. The rising demand for these headlamps in the automotive sector is expected to boost the consumption of laser diodes.
The report has segmented the global laser diode market on the basis of product type. Injection laser diode (ILD) is the most popular product type followed by optically pumped semiconductor laser (OPSL).
The market is further analysed on the basis of applications covering optical storage and communication, industrial applications, medical applications, military and defence applications, instrumentation and sensor applications, and others. Among these, optical storage and communication is the largest segment, accounting for the majority of the global share.
Region-wise, Asia-Pacific represents one of the leading market. Other major regions include Europe, North America, Latin America, and Middle East.
- IPG Photonics
- OSRAM Licht AG
- TRUMPf GmbH + Co. KG
- Jenoptik AG
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Laser Diode Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Laser Diode Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/wqkb88/12_billion?w=4