Laser Diode Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Albany, NY (PRWEB) February 03, 2015
According to a new market report published by Transparency Market Research “Laser Diode Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” the global laser diode market was valued at USD 4.60 billion in 2013, growing at a CAGR of 12.6% from 2014 to 2020 and is estimated to reach USD 10.26 billion in 2020.
Significant growth in the usage of laser diodes across various end-use markets owing to a number of beneficial features offered by this technology over conventional technologies is a key factor driving the laser diode market globally. In addition, rising number of government regulations for mandatory use of laser technology in the marking and engraving of products, coupled with rapidly growing applications of laser products in medical surgeries and devices are propelling the laser diode market globally. High initial costs involved in laser processing machines along with rising environmental concerns regarding the mining of rare earth elements are expected to pose a minor hindrance to the growth of this market. On the other hand, growth in fiber lasers and rising use of disk lasers in industrial applications ensure the global laser diode market growth at a CAGR of 12.6% over the forecast period.
Browse the full report of Laser Diode Market: http://www.transparencymarketresearch.com/laser-diode-market.html
The laser diode market is segmented by doping materials into InGaN, GaN, AlGaInP, GaAlAs, GaInAsSb and other types of doping materials. AlGaInP based laser diodes dominated the market in 2013 owing to rapid usage in optical discs, laser pointers, DVD players and data communications among others. The segment is expected to continue its dominance during the forecast period. In 2013, AlGaInP based laser diodes segment accounted for 29.33% of the global market revenue share and is expected to lead the market in 2020.
The global laser diode market has also been segmented on the basis of applications into industrial, consumer electronics, medical, automotive, healthcare, defense and other applications. The automotive application segment led the market in 2013 owing to usage of laser diodes for the purpose of lighting, and in engraving, marking and molding of automotive plastic in automotive manufacturing units. This is due to the fact that laser diodes offer numerous advantageous features such as increased flexibility, increased production speed, reduced part costs, and higher reliability. In 2013, the automotive segment accounted for 25.35% of the global laser diode market revenue share and is expected to continue to lead the market until 2020.
A sample of the report in PDF obtained by visiting: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3627
The laser diode market has been further segmented on the basis of technology into double hetero structure laser diodes, quantum well laser diodes, quantum cascade laser diodes, distributed feedback laser diodes, separate confinement hetero structure (SCH) laser diodes, VCSEL diodes and VECSEL diodes. Laser diodes are used extensively across various application segments such as automotive, industrial, consumer electronics, healthcare, and defense. In 2013, distributed feedback laser diode technology led the global market, accounting for 23.20% of the global revenue share and is expected to continue its dominance during the forecast period.
Additionally, the report segments the market based on property (wavelength) into infrared laser diode, red laser diode, blue laser diode, blue violet laser diode, ultraviolet laser diode and green laser diode. The infrared laser diode segment led the market, accounting for 26.20% of the global laser diode market revenue in 2013, and is expected to continue to hold its position in the market, by accounting for 24.65% of the global market revenue in 2020. The blue laser diode segment and the red laser diode segment trailed the infrared laser diode segment in the same year.
Browse the full Segmentation and Press Release of this report, here: http://www.transparencymarketresearch.com/pressrelease/laser-diode-market.htm
The advancement in technologies across the globe particularly in the developing economies of Asia Pacific and Rest of the World region coupled with rapid growth in automotive and electronic manufacturing across both the regions is propelling the laser diode market. In addition, growing applications of laser diodes across end-use verticals such as military and defense, healthcare and medical, fiber optic communication and telecommunication are further bolstering the laser diode market, globally. Asia Pacific dominated the laser diode market in the year 2013 by accounting for 46.67% of the global market and is expected to continue its dominance over the forecast period. North America and Europe trailed Asia Pacific in the year 2013.
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