Laser Diode Market worth $10.9 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Sept. 9, 2022 /PRNewswire/ -- Laser Diode Market size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2CHICAGO027, at a CAGR of 13.1% during the forecasted period,according to a new report by MarketsandMarkets.
- CHICAGO, Sept. 9, 2022 /PRNewswire/ -- Laser Diode Market size is expected to grow from USD 5.9 billion in 2022 to USD 10.9 billion by 2CHICAGO027, at a CAGR of 13.1% during the forecasted period,according to a new report by MarketsandMarkets.
- 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 fibre laser market.
- Vertical-cavity surface-emitting laser (VCSEL) diode is a form of surface emitting laser, and it emits the laser radiation in a direction perpendicular to the wafer, delivering a few milliwatts with high beam quality.
- In this type of a laser diode, the optical cavity is along the axis of the current flow.