A laser diode, also known as a diode laser or injection laser, is a semiconductor device that emits light. A laser diode is a semiconductor device in which lasing conditions are created by injecting electrical current directly into a diode. It has the ability to transform electrical energy straight into the light. Fiber-optic communications, laser pointers, barcode readers, laser printing, laser scanning, light beam illumination, disc recording, and other applications require laser diodes.
Recent Happenings:
TRUMPF, a high-tech company, purchased Philips' photonics business in April 2019, as it had announced in December 2018. TRUMPF Photonic Components, a new business division led by Lutz Aschke and Joseph Pankert, will be established as a result of the acquisition.
II-VI Incorporated, a leader in engineered materials and optoelectronic components, bought Coherent, Inc. in February 2021. The goal of the acquisition is to grow the photonic solutions, compound semiconductors, and laser technologies, and systems businesses.
Drivers of the Global Laser Diode Market
During the forecast period, the worldwide laser diode market is likely to rise due to the increased use of laser diodes in various end-use industries. Communication, factory automation, material processing, data storage, the medical sector, display, and sensing are just a few of the applications for laser diodes. High-speed laser diodes are used in the fiber optical communication business to transport data via the Internet and telephone networks. Distributed feedback laser diodes power the bulk of optical fiber networks.
II-VI Incorporated, a leader in engineered materials and optoelectronic components, bought Coherent, Inc. in February 2021. The goal of the acquisition is to grow the photonic solutions, compound semiconductors, and laser technologies, and systems businesses.
Drivers of the Global Laser Diode Market
During the forecast period, the worldwide laser diode market is likely to rise due to the increased use of laser diodes in various end-use industries. Communication, factory automation, material processing, data storage, the medical sector, display, and sensing are just a few of the applications for laser diodes. High-speed laser diodes are used in the fiber optical communication business to transport data via the Internet and telephone networks. Distributed feedback laser diodes power the bulk of optical fiber networks.
Opportunities in the Global Laser Diode Market
From 790 nm to 980 nm, the laser industry has seen a surge in demand for high-power, high-brightness lasers. With the increased application of high-power lasers in material processing, fiber laser pumping, defense, medical, and consumer electronics manufacturing, this trend is projected to continue in the next six years.
Section of Competition
Section of Competition
ASML Holding NV, Trumpf GmbH + Co. KG, Axcel Photonics, Inc., Sumitomo Electric Industries, Ltd., Coherent Inc., Sharp Corporation, Rofin-Sinar Technologies Inc., IPG Photonics Corp., and Newport Corp. are some of the major competitors in the worldwide laser diode market.
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