The global laser diode market is on a rapid growth trajectory, with recent data revealing a significant upswing in demand across multiple sectors. Valued at USD 6.23 billion in 2023, the market is projected to reach USD 6.90 billion in 2024 and soar to an impressive USD 15.35 billion by 2031, representing a compound annual growth rate (CAGR) of 12.09 percent during the forecast period.
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