Global Laser Diode Market Report 2022: Wide Applications Across Manufacturing and Automotive Sectors Drive Growth - ResearchAndMarkets.com
The Global Laser Diode Market is expected to grow from US$ 11.9 Billion in 2021 to US$ 18.6 Billion by 2027; it is estimated to grow at a CAGR of 7.73% from 2021 to 2027
DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--
The "Global Laser Diode Market Size, Trends & Growth Opportunity and By Doping Material, By Technology, By Application, By Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Laser Diode Market is expected to grow from US$ 11.9 Billion in 2021 to US$ 18.6 Billion by 2027; it is estimated to grow at a CAGR of 7.73% from 2021 to 2027.
A semiconductor device that produces coherent radiation in the visible or infrared (IR) spectrum when current flows through it is referred to as a laser diode, also known as a diode laser. It is comparable to a light-emitting diode in that a laser beam is produced at the junction of the diode. Since the light has only one frequency, it may be narrowly focused with the aid of a straightforward lens system. Laser diodes are very efficient and perfect for portable electronic devices because of their compact size, light weight, and low power requirements. As a result, they are found in many different technologies, including security systems, laser printers, driverless vehicles, and barcode readers.
