Diode Market Top Players, Global Trends, BusinessOpportunities, and Industry Forecast till 2023
“The market is driven by increase in demand for optical storage and communication, military and defense, automation & sensor industry. Rise in production and consumption of semiconductor appliances are likely to propel the market growth in the forecast period.�
The Global Diode Market is anticipated to grow at a CAGR of 5.5% over the forecast period. The industry witnesses certain innovations in terms of usage and finds rise in a wide-range of applications. For instance, it encompasses welding of plastics in medical and automotive device manufacturing. In the medical industry, direct imaging is one of the common applications wherein diodes are significantly used. The market is driven by increase in demand for optical storage and communication, military and defense, automation & sensor industry. Other verticals such as agriculture equipment, image recording, and automotive industry find relevant use of diodes for mainstream operations. Rise in production and consumption of semiconductor appliances are likely to propel the market growth in the forecast period. The market is categorized as optically pumped semiconductor and injection pumped semiconductor. By type, market segmentation includes double hetero structure, distributed feedback, quantum well, quantum cascade, external cavity, and interband cascade. By wavelength, the diode market segmentation comprises red, green, blue, and violet. By industry, the market is quadfurcated into consumer electronics, military, healthcare, industrial and medical equipment.