Laser Diode Industry to Grow at a CAGR of 12.2 % to 2025: Global Analysis and Forecasts by Doping Materials, Wavelength and Applications
The factors driving the global laser diode market comprise of the growing awareness about laser and its uses, remarkable research in the vertical-cavity surface-emitting laser (VCSEL) market, and growing fiber laser market.
Pune, February 15, 2016 (Newswire.com) - According to a new market research study titled ‘Laser Diode Market to 2025 – Global Analysis and Forecasts by Doping Materials, Wavelength and Applications’, the global laser diode market was valued at US$ 6.13 Bn in 2015 and is estimated to reach US$ 17.70 Bn by 2025. The report highlights the global market trend and the factors driving the market, as well as the deterrents to its growth, prevalent in the market.
The report profiles key players such as Coherent, Inc., Newport Corporation, Panasonic Semiconductor Solutions Co. Ltd., IPG Photonics Corp., Sharp Corporation, ASML Holding NV, Trumpf GmbH + Co. KG, Sumitomo Electric Industries, Ltd., Rofin-Sinar Technologies Inc. and Axcel Photonics, Inc.
The quick growth in electronic manufacturing and automotive industries around the world is boosting the global laser diode market.
Rajat Sahni, Sales Head
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China led the laser diode market in Asia Pacific (APAC) in 2015 and is expected to continue its dominance by rising at a CAGR of 11.8% during the forecast period from 2015 to 2025. Increasing demand for advanced technology in the healthcare and industrial markets is driving the growth in the laser industry. Moreover, there is a sharp rise in demand for laser diodes within the defense & security verticals for applications such as neutralization of the opponent’s weapon systems, airborne laser mine detection system (ALMDS), range finding, anti-missile systems, and target designation.
The U.S. led the laser diode market in North America in 2015 at a revenue share of 59.89%. Even though there is huge demand for laser diodes in the upgrading of wireless technology, the sale of fiber lasers continues to gain momentum in North America due to their demand in FTTH applications. It is anticipated that the fiber laser technology would evolve during the forecast period and 100 Gb/s would become the norm with the focus shifting to the metro/regional landscapes. Furthermore, North America is witnessing an increased demand for laser cutting machines and industrial laser applications due to the significant use of these machines across several end-use verticals such as automotive, defense & aerospace, and consumer electronics.
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Brazil led the South America (SAM) laser diode market in 2015 and is likely to continue its dominance by expanding at a CAGR of 12.2% during the forecast period from 2015 to 2025. Brazil boasts of the largest manufacturing sector in SAM, which accounts for nearly one-third of SAM’s GDP. Brazil has an array of industries ranging from automobile, steel, and petrochemicals to computers, aircrafts, and consumer durables that deploy laser diodes in their applications.
Table of Contents:
1 Table of Contents
2 Introductions
3 Key Takeaways
4 Laser Diode Market Landscape
5 Laser Diode Market - Key Industry Dynamics
6 Laser Diode Market - Five Forces Analysis
7 Global Laser Diode Market Analysis
8 Global Laser Diode Market Revenue and Forecasts to 2025 - Doping Material
9 Global Laser Diode Market Revenue and Forecasts to 2025 – Wavelength
10 Global Laser Diode Market Revenue and Forecasts to 2025 – Application
11 Global Laser Diode Market Revenue and Forecasts to 2025 - Geographical Analysis
12 Global Laser Diode Market, Key Company Profiles
13 Appendix
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