Global Quantum Cascade Laser market 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 ?m.
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.
What the 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
7 Global Quantum Cascade Laser Market, By Packaging Type 7.1 Introduction 7.2 TO3 Package 7.3 HHL & VHL Package 7.4 C-Mount Package
8 Global Quantum Cascade Laser Market, By Application 8.1 Introduction 8.2 Precision Sensing 8.3 Spectroscopy
9 Global Quantum Cascade Laser Market, By End User 9.1 Introduction 9.2 Telecommunication 9.3 Research and Development 9.4 Military & Defense 9.5 Medical 9.6 Industrial 9.7 Healthcare 9.8 Food & Beverages 9.9 Education
10 Global Quantum Cascade Laser Market, By Geography
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies