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Global Laser Diode Market 2017-2021: Key Vendors are Coherent, IPG Photonics, Osram & Trumpf - Research and Markets

[October 02, 2017]

Global Laser Diode Market 2017-2021: Key Vendors are Coherent, IPG Photonics, Osram & Trumpf - Research and Markets

The "Global Laser Diode Market 2017-2021" report has been added to Research and Markets' offering.

The global laser diode market is forecast to grow at a CAGR of 2.58% during the period 2017-2021.

The report, Global Laser Diode Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the growth of IR countermeasure devices. An IRCM device is used as a countermeasure to confuse an opponent's IR guidance system. The confused guidance system will miss the target if subjected to an IR countermeasure. IRCM is being increasingly adopted in military and defense systems by various aerospace and defense companies.

For instance, in a heat seeing missile being launched to hit a fighter aircraft, the jet engine of the fighter aircraft (target), which emits a large amount of IR, will be detected and tracked by the missile. By using an IRCM device, the guidance system of the missile will be confused, and the missile ends up missing the target. Flares are automatically released by fighter jets, which are detected by the missile as the new target. Increasing investments by major aerospace and defense systems will have a positive impact on the growth of IRCMs.

Key vendors