Laser Diode Market - Opportunities & Challenges
The global laser diode market is projected to grow from USD 5.9 billion in 2022, to USD 10.9 billion in 2027, at a CAGR of 13.1% between 2022 and 2027. The factors driving the growth of the laser diode market include growing application areas of laser diodes in various industries, expanding fiber laser market, and surge in demand for high-power laser diodes for industrial applications.
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