MRO Magazine

Growing Adoption of Laser Diodes in Healthcare and Telecommunication Sectors Driving the Global Laser Diode Market Through 2020, Says Technavio


June 22, 2016
By Business Wire News

LONDON

According to the latest market study released by Technavio, the global laser diode market is expected to grow at a CAGR of more than 11% during the forecast period.

This research report titled ‘Global Laser Diode Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Request sample report: http://goo.gl/DT84LH

The report categorizes the global laser diode market into the following six major segments based on application, of which the top three segments are discussed in detail below.

  • Industrial
  • Communication and optical storage
  • Military
  • Medical
  • Instrumentation and sensor
  • Others

Laser diode market in industrial segment

The laser diode market in the industrial segment is likely to reach USD 4 billion by 2020, growing at a CAGR of over 11% during the forecast period.

In the industrial segment, laser diodes are mostly used for material processing and lithography and for cutting metals and welding plastics as laser diodes have high efficiency, power, and brightness. Laser diodes are also used in laser cladding for depositing powdered metal or wire on a metal substrate. Other applications of laser diodes include plastic welding, brazing, ablation, soldering, and surface hardening. “Laser diodes are efficient, have low investment costs, produce less distorted heat, and have a high processing speed. These factors drive the demand for laser diodes in the industrial segment,” says Asif Gani, a lead analyst at Technavio for embedded systems research.

Laser diode market in communication and optical storage segment

The laser diode market in the communication and optical storage segment is expected to reach USD 3.6 billion by 2020, growing at a CAGR of over 11% during the forecast period. Laser diodes are preferred for communication applications as they are easy to modulate. Laser diodes form an important component of broadband communications. They are installed as transmitters in fiber optic networks in order to pump lasers in erbium doped amplifiers. These laser diodes are also used as high-power pulsed lasers in test and measurement field. Laser communications are considered better than radio waves, as diodes can transmit more information per second with a stronger signal.

The telecommunication industry and its sectors will experience rapid growth worldwide during the forecast period due to rising capital expenditure and improved network quality. New technologies will help improve the performance of existing fixed and mobile infrastructure. Semiconductor laser diodes are widely used in this sector and will gain high traction during the forecast period.

Laser diode market in military segment

The laser diode market in the military segment is expected to exceed USD 1.8 billion by 2020, growing at a CAGR of over 11% during the forecast period. Laser diodes are compact devices with modular designs which owing to their high reliability and brightness, are ideal for military use. In this segment, laser diodes are used in anti-missile systems, airborne laser mine detection systems, illuminators, and solid-state and high-energy laser pump sources. They are also used for range finding and target destination locking.

Lasers are also used to improve the targeting quality of any weapon that uses red laser diode. The military applications in which these diodes are used include beacons and target designation, open-air communication, IR illumination, 3D alignment, and distance sensing by remote controlled aerial and surface vehicles. “In addition, laser diodes are being used for obstacle ranging and mapping applications, which are particularly useful for military helicopters and jets at night,” says Asif.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Coherent
  • IPG Photonics
  • OSRAM
  • Rofin-Sinar Technologies
  • TRUMPF

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Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com