Global Laser Diode Market
Global Laser Diode Market By Type, By Mode of Operation, By Wavelength, By Application, Geographic Scope and Forecast
According to Verified Market Research, the Global Laser Diode Market was valued at USD 9.16 Billion in 2018 and is expected to witness a growth of 10.65% from 2019-2026 and reach USD 20.21 Billion by 2026.
A laser diode as a part of the definition can be explained as the semiconductor device that is capable of producing coherent radiations in the visible and infrared (IR) spectrum when current passes through it. Laser diodes are gaining popularity and becoming a crucial part of advanced technology and have applications in various sectors such as communications, optical fiber systems, compact disc (CD) players, laser printers, remote-control devices, intrusion detection systems, laser printers, industrial processing machinery, and laser pointers. Laser diodes offer various benefits over the conventional lasers such as small size, lightweight, low current, voltage, and power requirements, low intensity and wide-angle beam.
With the advent of laser and LED technology, several possibilities for applications of lightwave communication became apparent. A single light-wave system could simultaneously carry the telephone conversations of a nationwide population by utilizing only a small part of the visible or infrared radiation frequencies. Fiber laser technology has been described as a “disruptive technology “in the world of industrial laser materials processing.
Laser diode technology is an emerging technology and has been rapidly adopted by automotive and electronics manufacturers across the world. Despite numerous advantages offered by laser diodes along with its wide range of applications in various sectors, high initial investment cost can act as a limitation for the laser diode technology. Laser diodes usually have a high cost of initial investment due to many reasons. The major reason contributing to this concern is the high cost of various components of laser diode devices.
The Global Laser Diode Market is classified on the basis of Type, Mode of Operation, Wavelength, Application, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.
On the basis of Type, the market is bifurcated on the basis of Injection Laser Diode (Ild) and Optically Pumped Semiconductor Laser (OPSL). An injection laser diode is a semiconductor device that produces coherent radiation (all waves are at the same frequency and phase) when current is passed through it. Injection Laser Diode (Ild) accounted for the largest share in the global market.
On the basis of Mode of Operation, the market is bifurcated on the basis of Continuous Wave Mode and Pulsed Mode. A continuous-wave laser is a laser that emits a continuous beam with a controlled heat output, as beam duration and intensity. These types of lasers are focused more around power and high output, therefore, its applications are more focused around industrial settings. Thus, continuous-wave laser held the largest share in the global market.
In terms of Wavelength, the Near-Infrared accounted for the largest market share in the global market whereas, on the basis of application, the industrial sector was expected to hold the largest share in the market. The market was dominated by the Asia Pacific in 2018, with countries such as China, Japan, and India accounting for the majority of the shares in this region.
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