$422M Quantum Cascade Laser Markets, 2019-2025 - Huge Potential for Use in Military Applications - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 5, 2019--
The “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” report has been added to ResearchAndMarkets.com’s offering.
The QCL market was valued at USD 321 million in 2018 and is projected to reach USD 422 million by 2025; it is expected to grow at a CAGR of 3.9% from 2019 to 2025.
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.
A few players operating in the QCL market are Alpes Lasers SA (Switzerland), mirSense (France), Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), AdTech Optics (US), Block MEMS LLC (US), (US), Wavelength Electronics, Inc. (US), Pranalytica Inc. (US), AKELA Laser Corporation (US), and nanoplus Nanosystems and Technologies GmbH (Germany).
The QCL market for Distributed feedback fabrication technology to hold the largest market size during the forecast period
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 Use is expected to hold the largest share of the quantum cascade laser market in 2019
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 to dominate the quantum cascade laser market in 2019
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.
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
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SOURCE: Research and Markets
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PUB: 11/05/2019 11:58 AM/DISC: 11/05/2019 11:58 AM