Market Research Report
Quantum Cascade Laser Market by Packaging Type (C-Mount, HHL & VHL Package, TO3 Package), Operation Mode (Continuous Wave, Pulsed), Fabrication Technology (Fabry-Perot, Distributed Feedback), End User, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||490495|
|Published||Content info||170 Pages
Delivery time: 1-2 business days
|Quantum Cascade Laser Market by Packaging Type (C-Mount, HHL & VHL Package, TO3 Package), Operation Mode (Continuous Wave, Pulsed), Fabrication Technology (Fabry-Perot, Distributed Feedback), End User, and Region - Global Forecast to 2025|
|Published: October 28, 2019||Content info: 170 Pages||
"The QCL market projected to grow at a CAGR of 3.9% during 2019-2025"
The quantum cascade laser (QCL) market is projected to grow from USD 355 million in 2019 to USD 422 million by 2025, at a CAGR of 3.9% during the forecast period. Increasing the use of quantum cascade lasers in gas sensing and chemical detection applications and growing demand for quantum cascade lasers in healthcare applications are the key factors driving the growth of the quantum cascade laser market.
The market for distributed feedback fabrication technology is expected to hold the largest market size during the forecast period. Distributed feedback (DFB) QCLs are the most widely used QCLs. These are single-mode QCLs and can be operated in both continuous wave mode and pulsed mode. In this type, the single-mode operation can be achieved even at higher operating currents. They are deployed in gas sensing devices in the industrial sector.
The industrial end-user is expected to hold the largest quantum cascade laser market share in 2019. The most important applications of QCLs are gas sensing and measurement. It is essential to detect various gases and measure their concentration in industrial processes to ensure the safety of the facility, equipment, and personnel. Recent advancements in QCLs make them a preferable non-cryogenic source for real-time spectroscopic monitoring. In addition, ideal optical power and high beam quality make them preferred for long open-path monitoring systems.
North America would dominate the QCL market in 2019. The increasing research and development (R&D) in the field of quantum cascade lasers in terms of new and improved technologies and the growing need for improved lifestyle are the two crucial factors driving the North American market. The growing R&D at both academic and industrial levels is broadening the application areas of quantum cascade lasers in different industries such as healthcare, telecommunication, and military & defense, especially in North America.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the quantum cascade laser market space.
The break-up of primary participants for the report has been shown below:
Thorlabs (US), Hamamatsu Photonic K.K (Japan), mirSense (France), Emerson Electric Co. (US), Block MEMS (US), Wavelength Electronics Inc (US), Pranalytica (US), DRS Daylight Solutions (US), PNNL(US), and nanoplus Nanosysytems Technologies GmbH (Germany), Lasermax Inc. (US), Picarro Inc (US), Akela Laser Corporation (US), Aerodyne Research Inc., Alpes Laser (Switerzland), Power Technology Inc(US), Boston Electronics Corporation, Frankfurt Company, MG Optical (Germany), SacherLaser Technik (Germany), AdTech Optics (US), Longwave Photonics(US), and Eluxi Ltd.(UK) are a few of the major companies dominating the quantum cascade laser market.
This research report categorizes the global quantum cascade laser market based on fabrication technology, operation mode, packaging type, end-user, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the QCL industry and forecasts the same till 2025.
The report would help leaders/new entrants in this market in the following ways:
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.