According to Expert Market Research, the top laser diode companies are Coherent, Inc., IPG Photonics Corporation, OSRAM, TRUMPF, and Jenoptik AG, among others. Stay ahead with the latest trends and market analysis. Light-Emitting Diodes While both are classed as electro-electronic components, light-emitting diodes (LEDs) have disparate phases, so light rays are diffused radially; in contrast, laser diodes are in phase with each other, resulting in a linear beam of light. The light emitted by a laser is also. Laser diodes are compact, energy-efficient light sources used in applications ranging from LiDAR and fiber-optic communications to laser printing and 3D sensing.