Blue Laser Diode Market Size to Grow by $ 200.81 Million During 2021-2025
Technavio has been monitoring the blue laser diode market and it is expected to grow by $ 200.81 million, accelerating at a CAGR of almost 12.58% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Blue Laser Diode Market: APAC to lead market growth during the forecast period
- 38% of the market growth will originate from APAC during the forecast period. Factors such as the increasing demand for laser projectors are accelerating the blue laser diode market growth in the region.
- Growth by the single-mode segment will be significant during the forecast period, owing to the use of single-mode blue laser diodes in blu-ray discs and DVD players.
- Advances in laser projectors will be a significant factor in driving the growth of the blue laser diode market.
Blue Laser Diode Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Egismos Technology Corp., Hamamatsu Photonics KK, Nichia Corp., OSRAM Licht AG, Panasonic Corp., ProPhotonix Ltd., Renesas Electronics Corp., Sharp Corp., Ushio Inc., and Vortran Laser Technology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Blue Laser Diode Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive blue laser diode market growth during the next five years
- Precise estimation of the blue laser diode market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the blue laser diode market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of blue laser diode market vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of over 12.58%.
- What is the incremental growth of the market?
The market is expected to grow by $ 200.81 mn through 2021-2025.
- What is a key factor driving this market?
Advances in laser projectors will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
38% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Egismos Technology Corp., Hamamatsu Photonics KK, Nichia Corp., OSRAM Licht AG, Panasonic Corp., ProPhotonix Ltd., Renesas Electronics Corp., Sharp Corp., Ushio Inc., and Vortran Laser Technology Inc.
- What are the market segments covered in this report?
The market is segmented by Type (Single-mode and Multi-mode) and Geography (North America, Europe, APAC, South America, and MEA)