Laser Diode Market is expected to grow at a CAGR of 11.2% by 2025 Laser Diode Market is expected to grow at a CAGR o | Page 3

Laser Diode Market to 2025 Some of the key factors driving the global market include growing awareness about laser diode and its uses, growing fiber laser market, and remarkable research in the VCSEL market. Significant rise in the use of laser diodes in various end-use markets due to a number of advantageous features provided by laser technology in-comparison to traditional methods is a major factor driving this market. Moreover, the rapid growth in automotive industries and electronic manufacturing across the world is bolstering the global market. However, the major hindrance to this market include lack of R&D funding for the military segment coupled-with high initial costs required to manufacture laser diodes. However, projection applications provided by green laser diode devices are analyzed to create several opportunities for growth in this market during the near future. Laser diodes are also used in surgeries due to their features which include a diverse range of operating wavelengths. Furthermore, it can also be modulated directly by using frequencies up to GHz range in high-speed communications. Thus, there is no delay in the input of operating surgeon and output of laser radiation. In addition, these are easily adjustable in terms of power output from 0% to 100%, thereby providing flexibility in the dosage of laser output. On the other hand, solid state lasers have restrictive adjustable power output ranging from 60% to 100%. This feature makes laser diodes the perfect tool for medical and healthcare applications. Thus, the expansion of electronics and healthcare industries complements the growth of the market owing to the substantial utilization of laser diodes across various applications in these industries. Request for Sample @ http://www.theinsightpartners.com/sample/TIPTE100000101 Contact Us : [phone]| E-Mail : [email protected]