Green Laser Diode Market An Imperative asset for Display s EvolutionPosted by niharika on July 22nd, 2019 Since green wavelength is perceived as the brightest by human eye and direct green lasers have high operating temperature of 80 degree Celsius, green laser diodes have found a wide range of applications in various industries including telecommunication, consumer electronics, medical, industrial, defense and automotive. The implementation of green laser diodes in the 3D sensing technology employed in autonomous vehicles is stated as the application segment having the potential to disrupt the entire market. As per a business intelligence report by IndustryARC, the global green laser diode market size is poised to reach 1.1 million by 2023. As quoted by the analyst, “Heads-Up Display (HUD), Head-Mounted Display (HMD), pico-projectors, and smartphones are rampantly adopting green laser diodes due to the competency of green laser diodes at providing an extensive range of highly saturated colors and focus-free operation.” The green laser diode market is projected to grow at a CAGR of 19.2% during the forecast period 2018--2023. Advantageous properties such as compact size, light weight, minimal power requirements, low maintenance cost and higher electrical efficiency are further adding impulse to the market growth. View Full Table Of Content Of Green Laser Diode Market https://www.industryarc.com/Report/15627/green-laser-diode-market.html
Similarly, after an acute analysis of the various regional markets, North America is stated to be leading market with an estimated revenue of .41m by 2023 progressing with a CAGR of 19.8% during the forecast period. North America is followed by APAC, which is growing with a CAGR of 21.9%, incredibly higher than the global green laser diode market growth rate. The sheer affluence of North America is attributable to its technologically upgraded and compatible healthcare infrastructure for laser diodes applications and the blooming consumer electronics and telecommunication sectors with rampant application of optics. Green Laser Diode Market – Growth Drivers and Trends: · Evolution of Displays Expanding the Market-Evolution of displays from LED to high brightness LEDs is creating additional avenues for green laser diodes application, positively influencing the market size. Light-emitting diodes (LED) and laser diodes are closely associated optoelectronic sources, providing the light for displays. The opportunity for growth in the LED displays market is quite evident given that the LED displays, lighting and fixtures market was already valued to be billion to billion in 2018. · Smartphone-based diagnostic Tests with Smartphones-Researchers at the University of Illinois at Urbana-Champaign in the U.S. have developed a portable analyser that connects to a smartphone and examines individual’s blood, urine or saliva samples. Specifically, the analyzer lightens the samples with the phone's internal white LED flash or with an inexpensive external green laser diode. Considering the penetration of smartphones globally and the economic cost price of external green laser diode, this amalgamation is a potential major trend that will disrupt the market. · Burgeoning Submarines Fleet-Economic interest and disinterests among nations involved in trade wars and cold wars is a novel growth driver for the UUVs (Unmanned Underwater Vehicles) market, which is a prominent employer of green laser diodes from the ‘defense’ application segment. For instance, the U.S. in a state of trade war with China has offered Taiwan, which broke away in 1949 as part of Chinese mainland, has transferred technology that will allow Taiwan to produce its own underwater vehicles such as diesel electric submarines. Similarly the global economies, to safeguard their coastal borders and for uninterrupted flow of trade and shipments, are strengthening their naval fleet with underwater vehicles. Green Laser Diode Market – Competitive Landscape: Talk to one of our sales representatives about the full report by providing your details in the link below: About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life Sciences and Healthcare. Like it? Share it!More by this author |