Diode Laser Market - Forecast(2021 - 2026)
The Laser diode Market earned a revenue of $5.11 billion in 2017 and is estimated to grow at a CAGR of 5.44% during the forecast period of 2018-2023. By far, Asia-pacific is the largest and fastest growing market with a CAGR of 9.9%. Emergence of new market opportunities, innovative and power efficient product launches from companies are the key growth drivers for the diode laser market. The green laser diode is the fastest growing product type when compared with other diodes. Request Sample What is Diode Laser? A Diode laser is similar to a light emitting diode which is comprised of a junction between two semiconductors. These semiconductors are small and are made of very thin slices of semiconducting material, and are very carefully manufactured so as to create a perfect p-n junction. It uses p-n junction to emit coherent light in which the waves are of same frequency and phase. This coherent light is produced is known Light Amplification by Stimulated Emission of Radiatio...