Global Laser diode   Market is expected to grow staidly at CAGR of 12.3% to reach USD 19.89 billion by 2025.

 

Laser diode also known as an injection laser or diode laser, is a semiconductor device that produces coherent radiation in the visible or infrared (IR) spectrum when current passes through it. Laser diode market is expected to grow staidly at CAGR of 12.3% to reach USD 19.89 billion by 2025.Growth in the of laser diode market is primarily contributed by application in medical, military & defense , as communication & optical storage , industrial , instrumentation & sensor industry. Laser diode market also penetrated in agriculture, automotive, agriculture and entertainment.

 

Some of the important advantages of laser diode over conventional laser are:
• Low current, voltage, and power requirements
• Small size and weight
• Low intensity
• Wide-angle beam

 

Laser diode market is segmented on wavelength of light includes:

near-infrared
blue
green
ultra-violet (UV)
yellow.

 

Infrared wavelength spectrum diode contribute major market share among all other wavelength spectrums, while green laser diodes are expected to grow at the highest CAGR of 16.7% during the forecast period between 2015 and 2020.but during 2014-2021 green laser diodes are expected to grow at strong CAGR of 16.7%.

 

Application-based segmentation of laser diode :

• Military
• Industrial
• Medical
• Communication and optical storage
• Instrumentation and sensor

 

Top vendors of laser diode are:

• TRUMPF
• IPG Photonics
• OSRAM Opto Semiconductors
• Rofin-Sinar Technologies
• Coherent
• NICHIA