Laser Diode & Direct Diode Laser Market Outlook Report 2024: A $20.5 Billion Market by 2030, with a Projected CAGR of 10.5% from 2024 to 2030 [Yahoo! Finance]
Data Storage Corporation (DTST)
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Source: Yahoo! Finance
The future of the global laser diode & direct diode laser market looks promising with opportunities in the material processing, optical sensing, healthcare, optical pumping, display & illumination, data storage & communication, and defense applications. The global laser diode & direct diode laser market is expected to reach an estimated $20.5 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are growing adoption of direct diode lasers in industrial and medical sectors and increasing demand for high-performance laser diodes in communication and sensing applications. Key Laser Diode & Direct Diode Laser Market Insights The report forecasts that direct diode laser is expected to witness the higher growth over the forecast period. Within this market, material processing is expected to witness the highest growth due to increasing demand for lasers in a variety of material processing applications, such as cutting, welding, marking, and drilli
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