(EMAILWIRE.COM, February 12, 2019 ) Some of the key factors driving the global laser diode 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 laser diode market. However, the major hindrance to this market include lack of R&D funding for the military segment coupled-with high initial costs required to manufacture laser diodes. However, projection applications provided by green laser diode devices are analyzed to create several opportunities for growth in laser diode market during the near future.

The laser diode 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 laser diode, IR laser diode, blue-violet laser diode and others (green laser diode and UV laser diode). 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.).

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The major players operating in the market are

1. ASML Holding NV
2. Axcel Photonics, Inc.
3. Coherent Inc.
4. IPG Photonics Corp.
5. Newport Corp.
6. Rofin-Sinar Technologies Inc.
7. Sharp Corporation
8. Sumitomo Electric Industries, Ltd.
9. Trumpf GmbH + Co. KG
10. Panasonic Semiconductor Solutions Co., Ltd.

Laser diodes owing to a number of advantageous features offered by them, are rapidly becoming a vital part of modern technology and are being utilized in various applications. Laser marking tool is a reliable technology offering easy assistance and better efficiency. There are several laser marking options available in the market with different specifications and uses. Before the laser technology was introduced, there were several other printing methods in vogue such as acid etching chemicals and ink.

Laser diodes are also used in surgeries due to their features which include a diverse range of operating wavelengths. Furthermore, laser diodes can also be modulated directly by using frequencies up to GHz range in high-speed communications. Thus, there is no delay in the input of operating surgeon and output of laser radiation. In addition, laser diodes are easily adjustable in terms of power output from 0% to 100%, thereby providing flexibility in the dosage of laser output. On the other hand, solid state lasers have restrictive adjustable power output ranging from 60% to 100%. This feature makes laser diodes the perfect tool for medical and healthcare applications. Thus, the expansion of electronics and healthcare industries complements the growth of the laser diode market owing to the substantial utilization of laser diodes across various applications in these industries.

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