Laser Diode Market Segmented by Strategic Alliances, Applications and Forecast to 2022
This report will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
(EMAILWIRE.COM, September 21, 2018 ) The global Laser Diode Market has been bifurcated on the basis of wavelength into red laser diode, blue-violet laser diode, blue laser diode, infrared laser diode, and others (ultraviolet and green) laser diodes. Global market was valued at US$ 6.13 Bn in 2015 and is expected to account for US$ 17.70 Bn in2025, rising at a CAGR of 11.2% during the forecast period from 2015 to 2025.
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Top Key Players in Market
- ASML Holding NV
- Axcel Photonics, Inc.
- Coherent Inc.
- IPG Photonics Corp.
- Newport Corp.
- Rofin-Sinar Technologies Inc.
- Sharp Corporation
- Sumitomo Electric Industries, Ltd.
- Trumpf GmbH + Co. KG
- Panasonic Semiconductor Solutions Co., Ltd
The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications. It is anticipated that the fiber laser technology would evolve during the forecast period and 100 Gb/s would become the norm with the focus shifting to the metro/regional landscapes. Furthermore, North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.
Laser diodes offer advantageous features such as compact in weight and size, work on low current, voltage, and power supplies, have low maintenance and efficiency and a wide angle beam. Thus, the technology is utilized across numerous end-use application sectors such as healthcare, consumer electronics, military & defense, industrial, manufacturing, automotive and instrumentation & sensors among others.
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.
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China led the laser diode market in Asia Pacific (APAC) in 2015 and is expected to continue its dominance by rising at a CAGR of 11.8% during the forecast period from 2015 to 2025. Increasing demand for advanced technology in the healthcare and industrial markets is driving the growth in the laser industry. Moreover, there is a sharp rise in demand for laser diodes within the defense & security verticals for applications such as neutralization of the opponent's weapon systems, airborne laser mine detection system (ALMDS), range finding, anti-missile systems, and target designation.
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Get Sample Copy of Report @ https://www.theinsightpartners.com/sample/TIPTE100000101/?source=Avinash-EW
Top Key Players in Market
- ASML Holding NV
- Axcel Photonics, Inc.
- Coherent Inc.
- IPG Photonics Corp.
- Newport Corp.
- Rofin-Sinar Technologies Inc.
- Sharp Corporation
- Sumitomo Electric Industries, Ltd.
- Trumpf GmbH + Co. KG
- Panasonic Semiconductor Solutions Co., Ltd
The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications. It is anticipated that the fiber laser technology would evolve during the forecast period and 100 Gb/s would become the norm with the focus shifting to the metro/regional landscapes. Furthermore, North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.
Laser diodes offer advantageous features such as compact in weight and size, work on low current, voltage, and power supplies, have low maintenance and efficiency and a wide angle beam. Thus, the technology is utilized across numerous end-use application sectors such as healthcare, consumer electronics, military & defense, industrial, manufacturing, automotive and instrumentation & sensors among others.
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.
Do Purchase Inquiry @ https://www.theinsightpartners.com/inquiry/TIPTE100000101/?source=Avinash-EW
China led the laser diode market in Asia Pacific (APAC) in 2015 and is expected to continue its dominance by rising at a CAGR of 11.8% during the forecast period from 2015 to 2025. Increasing demand for advanced technology in the healthcare and industrial markets is driving the growth in the laser industry. Moreover, there is a sharp rise in demand for laser diodes within the defense & security verticals for applications such as neutralization of the opponent's weapon systems, airborne laser mine detection system (ALMDS), range finding, anti-missile systems, and target designation.
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
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The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results