The global blue laser diode market is expected to post a CAGR of more than 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global blue laser diode market 2019-2023. (Graphic: Business Wire)
Prominent OEMs in the market are focusing on the implementation of innovative technologies in laser projectors to achieve improved display qualities. Several vendors are offering laser projectors integrated with laser phosphor, that use blue laser diodes as a light source. Some are developing innovative technologies in which an independent digital micromirror device is used to produce high-quality and extremely accurate red, green, and blue laser beams. The advent of such innovative technologies is increasing the demand for high-quality displays. These factors are expected to drive the growth of the global blue-laser diode market during the forecast period.
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As per Technavio, the growing popularity of high-power blue laser diodes will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.
Global Blue Laser Diode Market: Growing Popularity of High-Power Blue Laser Diodes
High-power blue laser diodes generate less heat, which ensures high operational efficiency. They also have a high absorption capacity, which helps them cut through metals such as copper and gold. Many such advantages have increased the use of blue laser diodes in applications such as material processing equipment, 3D printers, and optical fiber. This is encouraging significant vendors in the market to introduce a series of high-power blue-laser diodes. Thus, the growing popularity of high-power blue laser diodes is expected to boost the growth of the market during the forecast period.
“Introduction of blue-laser diodes in additive manufacturing and the use of blue-laser diodes for free-space communication are other applications that will further boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Blue Laser Diode Market: Segmentation Analysis
This market report segments the global blue laser diode market by type (single-mode and multi-mode) and geography (the Americas, APAC, and EMEA).
The Americas region led the market in 2018, followed by EMEA and APAC, respectively. During the forecast period, the Americas is expected to maintain its dominance over the market. However, the APAC region is expected to register maximum incremental growth during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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