A laser diode is used primarily for applications which require large volume of data to be transferred fast. A laser can transfer such volume of data and hence is used for communications & optical storage, industrial, medical, military & defense, instrumentation & sensor applications. Fiber optic communication is an important application of laser diodes. Laser diodes are essential across these applications as with the growing volume of data which is present today there is a need to accommodate the data whilst still ensuring the fastest of speeds for data transfer.
A green laser diode has more specific applications which include head-up displays, head-mounted displays, pico-projectors, and smartphones. Green laser diodes are now also being incorporated in a number of merging applications some of which include medical, semiconductor, instrumentation, and military sectors. Green laser diodes differ from other laser diodes based on the fact that the diode can operate in a wide range of temperatures. Furthermore, of all the laser diodes, the green laser diode is expected to post the highest growth rate during the forecast period over all the other laser diodes at approximately 18 to 19 percent CAGR.
As of now, the North American region is expected to post the highest growth rate during the forecast period due to the number of R&D projects taking place in the region as well as the advances in technology which have already been implemented across a number of applications which include healthcare and telecommunication. In terms of contribution however, the APAC region as on date has the highest hare by virtue of the companies which are working with green laser diodes in the region.
The Green laser diode market can be segmented on the basis of application:
- Heads-Up Display
- Head-Mounted Display
In terms of doping materials, the Green laser diode market has been segmented across the following:
In terms of type, the Green laser diode market has been segmented across the following:
- Injection Laser diode and Optically Pumped Laser diode
In terms of mode of operation, the Green laser diode market has been segmented across the following:
- Continuous wave mode
- Pulsed mode
The market has been segmented based on the following geographies:
- North America
- South America
- Middle East
Following are just a few of the companies that are operating in the Green laser diode market:
- Sharp Corporation