The Asia Pacific Laser Diode Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific Laser Diode Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,644.5 million by 2030. The Japan market is registering a CAGR of 12.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 13.7% during (2023 - 2030).
In recent years, the market has experienced substantial expansion, propelled by a number of pivotal factors. Increasing demand for high-capacity and high-speed communication systems, like fiber optics, where laser diodes are indispensable for transmitting data over long distances with minimal loss, is one primary driver. The expanding utilization of laser diodes in a variety of medical fields, including ophthalmology, dermatology, and surgery, has contributed to the expansion of the market.
Moreover, the expanding automotive industry has created a demand for laser diodes in applications like LiDAR (Light Detection and Ranging) systems for semi or fully autonomous vehicles, enhancing their safety and navigation capabilities. Moreover, the expansion of the industrial sector, specifically in developing countries, has prompted the utilization of laser diodes for purposes such as cutting, welding, and marking, thereby stimulating the market. Therefore, as the automotive industry expands, the demand for laser diodes will also increase. The International Energy Agency reported that the electric vehicle industry experienced a substantial surge in growth in 2022, with sales surpassing 10 million units. In 2022, 14% of all newly sold vehicles were electric, up from approximately 9% in 2021.
China's leading electronics manufacturers have established production facilities to exploit its skilled workforce, efficient supply chains, and competitive manufacturing costs. From January 2022 to February 2022, the added value of major electronics manufacturers rose 12.7 percent year-on-year, compared with the 7.5 percent growth seen in the overall industrial sector. During the two months, the growth rate of fixed-asset investment in the electronics manufacturing industry was 35.1 percent, 15.3 percentage points higher than the national industrial investment growth. Hence, the market will grow significantly in this region owing to the expanding consumer electronics sector.
Free Valuable Insights: The Global Laser Diode Market is Predict to reach $ 15.6 Billion by 2030, at a CAGR of 12.8%
Based on Wavelength, the market is segmented into Infrared, Red, Blue & Green, Blue Violet, and Ultraviolet. Based on Technology, the market is segmented into Distributed Feedback, Separate Confinement Heterostructure, Double Hetero Structure, Quantum Well & Cascade, and VCSEL & VECSEL. Based on Doping Material, the market is segmented into Gallium Arsenide (GaAs), Gallium Aluminum Arsenide (GaAIAs), Gallium Nitride (GaN) & Indium Gallium Nitride (InGaN), Gallium Indium Arsenic Antimony (GaInAsSb), Aluminum Gallium Indium Phosphide (AIGaInP), and Others. Based on End Use, the market is segmented into Consumer Electronics, Telecommunication, Industrial & Automotive, Medical & Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Wavelength
By Technology
By Doping Material
By End Use
By Country
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