EEL market to reach $7.4bn in 2007

EELs used in optical communications will grow at a CAGR of 15% to be worth $5.6 billion in 2027 – representing 75% of the market. The second-largest application area will be materials processing, with a CAGR of 5% to reach $674 million by 2027. The growth areas, alongside new applications in sensing and displays, will more than offset the anticipated decline of printing and optical data storage applications. , once the main applications for laser diodes.

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