NEW YORK, Jan. 19, 2016 /PRNewswire/ -- Laser diodes have become a key component of the modern photonics technology. This technology is dynamic and fast-developing, with new applications emerging continuously. The features of laser diodes such as compactness, high efficiency, and possibility of direct modulation with applied current among others distinguish them from other lasers. The increase in the demand for communication & data storage application, owing to the high demand for optical fiber communications is also responsible for the growth of this market. Given their low costs owing to mass production as well as their reliability, laser diodes have become a key component in various applications. However, their sensitivity to extreme temperatures is a disadvantage for this market.
The global laser diode market is expected to reach USD 11.94 billion by 2020, at a CAGR of 13.0% between 2015 and 2020.
The global laser diode market has been segmented on the basis of type, mode of operation, wavelength, application, and geography. The type segment includes injection laser diode and optically pumped semiconductor laser diode types. The mode of operation segment includes continuous wave and pulsed mode, out of which pulsed mode is growing rapidly. Among all wavelengths such as near-infrared, red, blue, green, and others, green laser diodes are expected to grow at the highest CAGR of 16.7% between 2015 and 2020. The segmentation according to applications includes communication & optical storage, industrial, medical, military & defense, instrumentation & sensor, and others. The laser diode market has also been segmented on the basis of geography into various regions such as the Americas, Europe, APAC, and RoW. APAC is expected to be the fastest-growing market at a CAGR of 15.0% between 2015 and 2020.
The major players offering various products in the laser diode market include Osram Licht Group (Germany), Panasonic Semiconductor Solutions Co., Ltd. (Japan), ROHM Co., Ltd. (Japan), IPG Photonics Corp. (U.S.), Sharp Corp. (Japan), Coherent, Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), JDS Uniphase Corp. (U.S.), Jenoptik AG (Germany), Newport Corp. (U.S.), Rofin-Sinar Technologies, Inc. (U.S.), Finisar (U.S.), Avago Technologies (Singapore), Trumpf GmbH + Co. KG (Germany), and Nichia Corp. (Japan).
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