The Report Laser Diode Market by Type (Injection Laser Diode, Optically Pumped Semiconductor Laser, by Operation ( Continuous wave mode, Pulsed mode) and by Application (Military and defense, Medical, Industry) The increasing adoption of Laser Diode Market as a sustainable and high-performance material drives its market growth.
The global Laser Diode Market is on track to achieve significant growth, with a projected size is projected was valued at US$ 10.01 Bn. in 2021 and expected to grow at a CAGR of 12.3 % during the forecast period (2022-2029).
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Type segment with the quickest growth
Injection laser diodes and optically pumped semiconductor lasers are two subsectors of the laser diode industry based on type segmentation. Injection laser diodes accounted for 62% of the market in 2021, making them the dominant segment. Injection laser diodes produce coherent radiation by infusing elections into the apparatus. The high gigahertz range of an injection laser is advantageous for reducing material dispersion. The demand for injection laser diode segments is rising due to its expanding use in telecommunication, optical amplification, and scientific equipment including range finders and contact-free tests.
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Military and defense, Medical and Industry segments based on the type of Application in Laser Diode Market
The military and defence, medical, and industrial subsegments of the laser diode market are based on the application segment. The market is dominated by the medical sector, which had a 47% share in 2021. Due to the low cost and precise results of laser therapies in the medical field, there is a demand for laser diodes. The industry is expanding due to certain therapies like hair removal, nerve stimulation, cancer treatments, and dentistry. Laser diode growth in this region is hampered by limited use in industrial fields like thickness, positioning, and distance measurement.
Asia Pacific region is positioned as a frontrunner in the Laser Diode Market
The Laser Diode market is dominated by the Asia-Pacific area. The need for surgical laser devices is growing, the electronic sector is expanding quickly, technology investments are rising, and the government's efforts to support manufacturing industries are all helping to drive the laser diode market in the Asia-Pacific region. A benefit to the market's expansion is the rising demand for consumer electronics coming from densely populated countries like China and India. With high power and built-in technology, "USHIO" recently unveiled a series of laser diodes with the names HL65221DG, HL65222DG, and HL65223DG, which are fueling demand and the expansion of this market.
Laser Diode Market Key Players:
• Sony • Nichia • Sharp • Ushio • Osram • TOPTICA Photonics • Egismos Technology • Arima Lasers • Ondax • Panasonic • ROHM • Hamamatsu • Newport Corp • Finisar • Mitsubishi Electric • Huaguang Photoelectric • QSI
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