Laser diodes are utilized in a variety of procedures in the healthcare sector, which include LASIK surgery, skin resurfacing, body contouring, reducing wrinkles, and hair and tattoo removal. In line with this, the rising trend and acceptance of these medical procedures are escalating the demand for laser diodes across the globe. Apart from this, laser diodes are replacing conventional headlamp technologies as they have a longer range. Therefore, they are being used with LED lights as headlamps in luxury cars, which in turn is contributing to the market growth. Furthermore, some of the prominent players in the industry are investing in research and development (R&D) activities to create an array of technologies and introduce higher accuracy diodes at an affordable price point. Looking forward, the market value is projected to reach US$ 12.75 Billion by 2025, expanding at a CAGR of 7.6% during the forecast period (2020-2025).
Request to get sample report: https://www.imarcgroup.com/laser-diode-market/requestsample
Insights on Market Segmentation:
Breakup by Product type:
- Injection Laser Diode (ILD)
- Optically Pumped Semiconductor Laser (OPSL)
Breakup by Applications:
- Optical Storage and Communication
- Industrial Applications
- Medical Applications
- Military and Defense Applications
- Instrumentation and Sensor Applications
- Others
Browse full report with TOC's: https://www.imarcgroup.com/laser-diode-market
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The competitive landscape of the market has been examined in the report, with some of the key players being Coherent, Inc., IPG Photonics Corporation, OSRAM Licht AG, TRUMPF Werkzeugmaschinen GmbH + Company KG and Jenoptik AG.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: [email protected]
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal