Lucintel’s latest market report analyzed that laser diode provides attractive opportunities in the telecommunication, industrial, medical & healthcare, military & defense, consumer electronic, and automotive applications. The laser diode market is expected to reach $16.1 billion by 2028 with a CAGR of 12.7%. In this market, GaAIAs is the largest segment by doping material, whereas medical & healthcare is largest by application.
Based on doping material, the laser diode market is segmented into gallium aluminum arsenide, gallium arsenide, gallium indium arsenic antimony, and others. The GaAIAs segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its ultra-small size and ability to successfully reduce the size and weight of laser diodes that fit a variety of practical applications.
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The Laser Diode Market is marked by the presence of several big and small players. Some of the prominent players offering laser diode include Lumentum Holding, Ams-OSRAM, ROHM, Hamamatsu Photonics, and MKS Instruments.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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