Global Laser Diode Market: Market Research by Knowledge Sourcing Intelligence

The global laser diode market is anticipated to grow a decent CAGR.This impressive growth over the forecast period is because of the growing implementation of laser diodes in various applications across different industry verticals such as communication and optical storage, industrial, medical, military and defense, and instrumentation and sensor among others. Key factors contributing to the growth of the global laser diode market growth over the coming five years are determined to be technological advancements and extended knowledge about laser and allied technologies. Other contributing factors attributable to the growth of this market are growing awareness about laser diode and its uses, growing fiber laser market, and remarkable research in the Vertical-Cavity Surface-Emitting Laser (VCSEL) market. Many developments made in various semiconductor-based technologies have widened the application of laser diode technology in the healthcare sector and manufacturing processes.
sample view of global laser diode market: market research by knowledge sourcing intelligence
Global Laser Diode Market Forecast
Global Laser Diode Market by Geography:
Geographically, global laser diode market is segmented as Americas, Europe Middle East (EMEA) and Africa, and Asia Pacific (APAC). APAC accounted for the largest market share of 40% in 2016 and is projected to continue its dominance by growing at the highest CAGR of 12.75% during the forecast period. Much of this growth is attributed to increasing demand for material processing in manufacturing, automotive, and heavy industries in the region. Booming consumer electronics industry in APAC countries such as China, India, and South Korea is further bolstering the growth of laser diode market in the region. Americas holds the second position in the global laser diode market owing to increasing investment, both public and private, in the development of advanced laser applications for different industries, especially military and healthcare. EMEA Laser Diode market will also witness a considerable CAGR of XX.XX% between 2017 and 2022 owing to increasing investments on R&D and access to the world’s best laser power and scientific expertise.
sample view of global laser diode market: market research by knowledge sourcing intelligence
Sample View of Global Laser Diode Market by Geography
Global Laser Diode Market by Doping Materials:
By doping material, the laser diode market is segmented as InGaN, AlGalnP, GaAs, GaAIAs, and GaInAsSb. AlGalnP based laser diode held the largest market share of 35% in 2016 and is expected to retain its position by the end of the forecast period with a market share of 39% followed by InGaN based laser diodes with XX% market share in 2022. AlGalnP based laser diode is also expected to witness the highest CAGR of XX.XX% during the forecast period. The market research provides a detailed analysis of global laser diode market on the basis of the various segment like- by geography, by doping materials, etc.

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The major inhibiting factors likely to impact the global laser diode growth over the forecast are identified as lack of R&D funding for the military and defense sector coupled-with high initial capital required to manufacture laser diodes.

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