Green Laser Diode Market - Forecast(2024 - 2030)

The Green Laser Diode Market is estimated to reach $296.7 Million by 2024 growing at an estimated rate of CAGR 19.2% during 2018 to 2024, majorly driven by the increased usage of laser equipped devices across various industry verticals and advancement of technologies in developed economies.

Laser diodes are the semiconductor devices that produce coherent radiation in IR or visible spectrum on passage of current. Laser diodes are close to the LEDs both in form and operation. A laser diode can simply be seen as an LED that emits focused light. Green lasers are of particular importance, because the green wavelength is perceived to be the brightest by the human eye. The green color peaks at about 532nm for the eye. The green laser diodes are different from the other laser diodes by virtue of the fact that they can operate in wider range of temperatures when compared to the other diodes.  It is this stability of the green laser diodes which make them an ideal solution for the point and line lasers which are widely used in image processing applications. The Green Laser Diode Market is segmented into 6 types based on the doping material used and of all GaAlAs based green laser diodes are expected to have the fastest growth during the forecast period. This is due to the ability of the doping material to provide excellent electrical and optical confinement, electrical and thermal conductivities which are most desired in lighting applications.

Green laser diodes find applications in head-mounted displays, head-up displays, smartphones and Pico-projectors. The ability of these diodes to operate in high temperature ranges without the need for the cooling has enabled the usage of these diodes in harsh environments, across various industrial verticals. Green laser diodes, today, find applications in a variety of sectors like medical, military, instrumentation and semiconductors.  The Green Laser Diode Market is expected to grow the fastest in the medical sector. This is due to the advantages the green laser diodes offer over others in terms of efficiency, tight dimensional tolerances and superior edge quality.

The companies referred to in the market research report include Osram, Nichia, Thorlabs, Egismos, Yisnic and 5 others.

The report incorporates the competitive landscape, pricing strategies, market trends, latest developments, financial analysis, strategic analysis, and so on, to gauge the impact forces and potential opportunities of the market. It also gives a detailed account of the major developments in the market such as agreements, acquisitions, collaborations, mergers, and so on, to comprehend the prevailing market dynamics and their potential impact during the forecast period.

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