The quantum cascade laser market is expected to record a CAGR of 4% over the forecast period (2021-2027). Quantum cascade lasers are semiconductor lasers that provide peak emission in the mid-infrared range (4μm to 10μm). This device is an excellent light source for mid-infrared applications such as molecular gas analysis and absorption spectroscopy.
The cost of quantum cascade lasers is very high, and the lack of skilled labor to develop QCL products and lack of commerciality are the major factors impeding the growth of the quantum cascade laser market during the forecast period.
Demand for quantum cascade lasers is increasing in a variety of industries such as oil and gas, chemicals, medical, telecommunications and defense. Manufacturing companies use this laser to detect leaks of harmful gases such as CO, NH3 and CO2. The telecom industry will quickly adopt this QCL technology to drive the growth of this market.
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Key Market Players
- Block Engineering, Inc.
- Wavelength Electronics, Inc.
- Hamamatsu Photonics K.K.
- Thorlabs, Inc.
- Alpes lasers SA
- AdTech Optics
- Pranalytica Inc.
- AKELA Laser Corporation
- nanoplus Nanosystems and Technologies GmbH.
Quantum Cascade Lasers Market Segmentation
By Fabrication Technology:
- Distributed Feedback
- Tunable External Cavities
By Operation Mode:
- Continuous Wave Mode
- Pulsed Mode
By Packaging Type:
- C-Mount Package
- HHL & VHL Package
- TO3 Package
By End User:
- Military & defense
- Others (research and development, education)
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Quantum Cascade Lasers Market Report
- What was the Quantum Cascade Lasers Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Quantum Cascade Lasers Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
- Which manufacturer/vendor/players in the Quantum Cascade Lasers Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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