Laser Diode Market have Increased Usage in Several Sectors, Forecast during 2021-2028

 

Laser Diode

Laser Diode Market, By Doping Material (InGaN, GaN, AIGaInP, GaAIAs, GaInAsSb, GaAs, Others), By Application (Industrial, Consumer Electronics, Healthcare, Automotive, Defense, Others), By Technology (Double Heterostructure Lasers Diodes, Quantum Well Lasers Diodes, Quantum Cascade Lasers Diodes, Distributed Feedback Lasers Diodes, SCH Lasers Diodes, VCSEL Diodes, VECSEL Diodes), By Property (wavelength) (Infrared Laser Diode, Red Laser Diode, Blue Laser Diode, Blue Violet Laser Diode, Green Laser Diode, Ultraviolet Laser Diode)), By Regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028.

The Global Laser Diode Market Is Estimated To Be Valued At US$ 11.9 Million In 2021 And Is Expected To Exhibit A CAGR Of 18.8% Over The Forecast Period (2021-2028).

Market Overview:

Laser Diodes are semiconductor devices that emit coherent light through stimulated emission. They are compact, efficient, and versatile light sources that find widespread use in various applications. Laser diodes are constructed using a p-n junction, where an active layer of semiconductor material is sandwiched between two layers of different types of semiconductor materials. The active layer is usually made of gallium arsenide (GaAs) or indium gallium arsenide phosphide (InGaAsP). When a forward voltage is applied across the p-n junction, it stimulates the emission of photons, resulting in the generation of laser light.

Competitive Landscape:

Major players operating in the global laser diode market include Newport Corp., IPG Photonics Corp., Rofin-Sinar Technologies Inc., Sharp Corporation, Coherent Inc., Sumitomo Electric Industries, Ltd., Axcel Photonics, Inc., Trumpf GmbH + Co. KG, and ASML Holding NV.

Key Market Drivers:

Laser Diodes are integral components in various laser-based technologies, including optical communication systems, laser printing, barcode scanning, and laser pointers. The increasing adoption of these technologies across industries is expected to augment the growth of the global Laser Diode Market. For instance, in January 2020, USHIO launched an advanced 660nm red laser diode, which can produce an output power of 200mW CW/400mW pulsed. Laser diodes play a crucial role in medical applications such as laser surgery, dermatology, ophthalmology, and dental procedures. With the continuous advancements in medical technology, there is a rising demand for laser diodes in the healthcare sector.

Laser diodes are widely used in industrial manufacturing processes such as laser cutting, welding, marking, and engraving. The growth of industries like automotive, electronics, and aerospace is estimated to enhance the growth of the global laser diode market. The consumer electronics sector, including smartphones, tablets, and optical storage devices, extensively uses laser diodes for applications like optical data reading, display technology, and gesture recognition. The rapid growth of the consumer electronics market has led to a surge in the demand for laser diodes.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global Laser Diode Market. For instance, in February 2020, OSRAM Opto Semiconductor GmbH introduced a 65-Watt laser to the company's LiDAR photonics portfolio.

Key Takeaways:

·       North America is expected to dominate the growth of the global Laser Diode Market, owing to the presence of major technology companies, extensive research and development activities, and the adoption of laser-based technologies across multiple industries. For instance, in March 2020, IPG Photonics Corporation announced that the company will be extending its portfolio of coherent modules.

·       The Asia Pacific is estimated to witness significant growth in the global laser diode market. The region is witnessing rapid industrialization, strong growth in consumer electronics, and increasing government initiatives to promote advanced manufacturing technologies. Countries like China, Japan, South Korea, and Taiwan are key contributors to the market expansion. For instance, in October 2019, BluGlass Ltd announced the company's direct-to-market business unit for offering higher efficiency and brightness GaN laser diodes.

 

Comments

Post a Comment

Popular posts from this blog

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Global Anesthesia Video Laryngoscope Market report provides a holistic evaluation of the market for the forecast period

Image
  Video laryngoscopy-assisted tracheal intubation devices are becoming substitutes to conventional laryngoscopes since recent past. These systems provide an obvious image of the vocal cords and larynx on a present monitor, enabling control of the endotracheal tube (ETT) in its trajectory toward the airway. These units display facilitates fast view, accurate ETT placement in difficult airways, avoiding complications resulting from improper tube placement. Anesthesia video laryngoscopy systems improves the view with laryngoscopy along with improved initial success rates, and help in the management of challenging intubations to be able to improve care and reduce injury to patients.  The Global Anesthesia Video Laryngoscope Market report supplies a holistic evaluation of industry for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing an amazing role in the market. These factors; industry dynamics involve th...
Read more

Lyophilized Drugs Market Witnesses High Growth Owing to Rising Need for Long Shelf-Life Drugs

Image
Lyophilized Drugs Market The Lyophilized Drugs Market comprises drugs that have undergone lyophilization or freeze-drying, a process that converts the drug from a liquid to a solid state via drying under partial vacuum. Some key advantages of lyophilization include improved stability at room temperature, ease of storage and transport, and long shelf life without refrigeration up to two years. The rising need for long shelf-life and temperature-stable drugs across various therapeutic areas such as oncology, infectious disease, and autoimmune disorders is driving significant demand for lyophilized drugs. The global Lyophilized Drugs Market is estimated to be valued at US$ 366.11 million in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period from 2024 to 2030. Key Takeaways Key players operating in the lyophilized drugs are BASF SE, Evonik Industries AG, Clariant AG, DuPont de Nemours, Inc., Albemarle Corporation, Arkema SA, Johnson Matthey PLC, Mitsubishi Chemica...
Read more