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The global market for laser diodes is projected to grow from 7.16 billion USD in 2022 to 8.04 billion USD in 2023, with a CAGR of 12.2%. The Russia-Ukraine war has disrupted the potential for global economic recovery from the COVID-19 pandemic, at least in the short term. This conflict between the two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and impacting many markets worldwide. The laser diode market is expected to reach 12.56 billion USD by 2027, with a CAGR of 11.8%.