Quantum Cascade Laser - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Quantum Cascade Laser Market is accounted for $341.44 million in 2019 and is expected to reach $540.12 million by 2027 growing at a CAGR of 5.9% during the forecast period. Rising demand for quantum cascade lasers in healthcare applications and growing use of quantum cascade lasers in gas sensing are the major factors propelling the market growth. However, the high costs of QCL-based devices are hampering the market growth.
Quantum cascade lasers are used as a semiconductor lasers which offer peak emission in the mid-IR range. This quantum cascade lasers application finds in mainly of chemical physics such as research on helium droplets, in matrix isolation infrared photochemistry and in population pumping. Various quantum cascade laser manufactures are now focusing on the design for operating wavelengths ranging from a few microns to well above 10 μm.
Based on the operation mode, the continuous wave segment is going to have a lucrative growth during the forecast period due to it is used in most of the QCL devices, as it offers continuous waves without any delay in time. In continuous wave mode, QCLs emit an uninterrupted laser beam. This is achieved through the constant pumping of the QCL. In this mode, the amplitude and the frequency of the wave are constant. A QCL operating in continuous wave mode needs stable output power.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing industrial manufacturing infrastructure development activities and increasing military & defense expenditure in emerging economies such as China and India.
Some of the key players profiled in the Quantum Cascade Laser Market include AdTech Optics, Akela Laser, Allied Scientific Pro LLC, Alpes Lasers , Block Engineering, Daylight Solutions, Hamamatsu Photonics, LASERMAX , MirSense, Photonic Innovations Ltd, Physical Science Inc, Power Technology Inc, Pranalytica, Thorlabs and Wavelength Electronics.
Operation Modes Covered:
• Continuous Wave
Fabrication Technologies Covered:
• Tunable External Cavities
• Extended Tuning Devices
• Distributed Feedback
Packaging Types Covered:
• TO3 Package
• HHL & VHL Package
• C-Mount Package
• Precision Sensing
End Users Covered:
• Research and Development
• Military & Defense
• Food & Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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