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North America Laser Diode Market to Generate a Value of US $2.23 Billion by End of Forecast Period, 2019-2024 - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The “North America Laser Diode Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to  ResearchAndMarkets.com’s  offering.

The publisher expects the market to reach a value of US$ 2.23 Billion by 2024, registering a CAGR of 6.7% during 2019-2024.

The North America laser diode market reached a value of US$ 1.51 Billion in 2018. A laser diode is a semiconductor device, which exhibits similar properties to that of a light-emitting diode (LED). It emits coherent light in the infrared (IR) or visible spectrum when current passes through it. The light is generated by utilizing a p-n junction with the Light Amplification by Stimulated Emission of Radiation’, or LASER’ procedure. A laser diode light consists of a single frequency, which makes it possible to focus this light to a very small point by using a lens system. This does not result in any chromatic aberration as all the energy from the light source is concentrated to a minute spot. Laser diodes or semiconductor lasers are more efficient, which makes them an ideal solution for numerous devices, such as barcode readers, autonomous vehicles, laser printers, fiber optic communications and security systems.

The North America laser diode market is currently being driven by several factors. A surge in R&D activities, particularly in the military and defense industries, has propelled the demand for laser diode in the region. Apart from this, increasing application of semiconductor laser diodes in the healthcare sector is one of the major market drivers. Laser diode is widely used in cosmetic procedures, body contouring, hair removal, LASIK surgery, OCT, skin resurfacing, tattoo removal, wrinkle reduction, pigmentation reduction, etc. Moreover, the increasing demand for laser diodes in the electronics, automotive and aerospace industries has also induced the market growth. Furthermore, the presence of telecom laser firms, which employ laser diode as a major component, has also spurred the demand. Several benefits, such as compact size, high electrical efficiency, low maintenance, and short wavelength of laser diode, have also induced its demand in the material processing industry.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Laser Diode Market

5.1 Market Performance

5.2 Market Breakup by Type

5.3 Market Breakup by Application

5.4 Market Breakup by Region

5.5 Market Forecast

6 North America Laser Diode Market

6.1 Market Performance

6.2 Market Forecast

7 North America Laser Diode Market: Breakup by Type

7.1 Injection Laser Diode (ILD)

7.2 Optically Pumped Semiconductor Laser (OPSL)

8 North America Laser Diode Market: Breakup by Application

8.1 Optical Storage and Communication

8.2 Industrial Applications

8.3 Medical Applications

8.4 Military and Defense Applications

8.5 Optical Storage and Communication

8.6 Others

9 North America Laser Diode Market: Breakup by Country

9.1 United States

9.1.1 Historical Market Trends

9.1.2 Market Breakup by Type

9.1.3 Market Breakup by Application

9.1.4 Market Forecast

9.2 Canada

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Value Chain Analysis

11.1 Overview

11.2 Research and Development

11.3 Raw Material Procurement

11.4 Manufacturing

11.5 Marketing

11.6 Distribution

11.7 End-Use

12 Porter’s Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Rivalry

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit  https://www.researchandmarkets.com/r/blju4u

View source version on businesswire.com:https://www.businesswire.com/news/home/20200106005758/en/

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SOURCE: Research and Markets

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PUB: 01/06/2020 11:16 AM/DISC: 01/06/2020 11:16 AM