Rising Demand for High-Speed Communication Boosts Laser Diode Market Growth
The global laser diode industry size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2027, at a CAGR of 13.1% during the forecasted period. The major drivers for the growth of laser diode market include increasing investments in military & defense leading to high demand for laser technology and expanding fiber laser market. The laser diode industry dominated by the major Tier I suppliers like II-VI Incorporated (US), Lumentum Holding Inc. (US), ams-OSRAM AG (Austria), ROHM Co., Ltd. (Japan), Ushio, Inc. (US), and Hamamatsu Photonics K.K. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1006 Gallium nitride (GaN) is expected to be emerged as the fastest growing doping material segment in laser diode industry during the forecasted p...