Lewes, DE -- (SBWIRE) -- 10/26/2017 -- Report forecast the global laser diode market to grow at a CAGR of 2.58% during the period 2017-2021.

Laser diode also called as diode lasers is a part of the semiconductor laser. The laser diode is an electrically pumped system in which the active medium is formed by the p-n junction. The light is emitted by a laser diode, due to the presence of electrons at both the ends, including positive and in negative substance. The positive substance is charged due to which the electrons in positive substance jump to fill the holes in the negative substance. The electrons lose energy in the form of photons when they jump, which are known as quanta.

The report covers the present scenario and the growth prospects of the global laser diode market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Growing use of gas sensing and chemical detection devices. QCL diode is a type of laser diode, which is seeing a growing adoption for chemical and gas sensing due to high precision. QCLs are being increasingly used for gas sensing because they can detect even trace amounts of gases. The main reason for the use of QCLs for these applications is that it has a wide tuning range and a fast response time. This allows for the development of faster and more precise compact trace element detectors and gas analyzers. Similarly, in chemical detection, QCLs can easily detect trace amounts of chemicals.

Further, the report states that one of the major factors hindering the growth of this market is Intense competition from other lasers. Laser diodes face a tough competition with other types of lasers such as gas, solid state, excimer, and dye lasers. Gas lasers such as CO2 in the material processing for industrial applications are a major threat. CO2 lasers perform better than laser diodes for cutting materials of thickness 5 mm or more. These lasers have better cutting speed and faster piercing time than laser diodes at this thickness. They also provide better finish and smoothness as compared with laser diodes.

Global Laser Diode Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global laser diode market: Coherent, IPG Photonics, OSRAM Opto Semiconductors, and TRUMPF.

Other Prominent Vendors in the market are: Hamamatsu Photonics, Jenoptik, NICHIA, ROHM Semiconductor, and Sharp.

Market driver
- Growing use of gas sensing and chemical detection devices
- For a full, detailed list, view our report

Market challenge
- Intense competition from other lasers
- For a full, detailed list, view our report

Market trend
- Growth of IR countermeasure devices
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 85 pages "Global Laser Diode Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market by application, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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