(Entertainment-NewsWire.com, September 19, 2018 ) According to Verified Market Intelligence, the Global Laser Diode Market was valued at USD 8.27 Billion in 2017 and is projected to reach USD 21.23 Billion by 2025, growing at a CAGR of 12.5% from 2018 to 2025.
A laser diode is a semiconductor device that produces the laser beam at the junction of the diode when current passes through it. This diode uses p-n junction to produces a coherent laser beam. It offers many advantages such as lightweight, smaller size, low intensity, low current, power and voltage requirements, high efficiency and many more over the conventional lasers. The laser diode has the wide range of application in various industries that include- communications & optical, industrial, medical, military and defense etc.
Growing awareness among various industries, growing research in diode market and rise in fiber laser market can drive the global laser diode market. While lack of funds in the military sector and a high cost of initial investments act a potential restraint for the overall market at a global level.
The “Global Laser Diode Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Osram Licht Group, Panasonic Semiconductor Solutions Co., Ltd, Rohm Co., Ltd., IPG Photonics Corp., Sharp Corp., Coherent, Inc., Hamamatsu Photonics K.K… Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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