This report provides detailed historical analysis of global market for Quantum Cascade Laser from 2014-2019, and provides extensive market forecasts from 2020-2027 by region/country and subsectors.
Vancouver, BC -- (SBWIRE) -- 01/19/2021 -- Market Size – USD 335.2 Million in 2019, Market Growth - CAGR of 3.8%, Market trends – Growing usage in healthcare sectors.
The market size of the Global Quantum Cascade Laser (QCL) was valued at USD 335.2 million in 2019 and is expected to reach USD 451.3 million at a CAGR of 3.8% by the year 2027. In sensing, biomedical, military, and research & development, as well as in homeland security, QCL or Quantum Cascade Laser provides sufficient capacity. As a semiconductor laser, QCL finds application in matrix infrared photochemistry isolation, and on helium droplets.
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Market Drivers
There is currently a range of R&D in the pipeline to build smarter QCL products. Effective infrared QCLs have also been produced and marketed for semiconductor applications. A demand for QCL is also generated by the increased demand for accuracy in healthcare devices. All sensors, all computers, need to be carried out in a more precise and reliable way with the introduction of artificial intelligence. The most important application of QCL at present is in laser absorption spectroscopy of trace gases to detect low concentrations of contaminants in the air. There is strong wavelength tenability and a relatively narrow line width for Quantum Cascade Lasers, which makes them ideal for the above use.
Regional Outlook
Due to increased military and defense spending expenses and the creation of industrial manufacturing infrastructure in India and China, the Asia Pacific quantum cascade laser market is expected to expand at the fastest CAGR during the forecast period. In developing nations, the commercialization of quantum cascade laser applications is still at a nascent stage, but in the Asia Pacific region, countries such as Japan, China, and India are taking initiatives to build demand for the device.
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Key participants include Wavelength Electronics, Inc., Thorlabs, Inc., Block MEMS, Hamamatsu Photonics K.K., Mirsense, Alpes Lasers SA, Akela Laser Corporation, Nanoplus Nanosystems and Technologies GmbH, Emerson Electric Corporation, and Adtech Optics., among others.
Fabrication Technology Outlook (Revenue, USD Billion; 2017-2027)
Distributed Feedback
Fabry-Perot
Tunable External Cavities
Packaging Type Outlook (Revenue, USD Billion; 2017-2027)
HHL & VHL Package
C-Mount Package
To3 Package
Mode of Operation Outlook (Revenue, USD Billion; 2017-2027)
Continuous Wave Mode
Pulsed Mode
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Industrial
Military and Defense
Healthcare
Telecommunications
Others
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Quantum Cascade Laser (QCL) Market Segmentation & Impact Analysis
4.1. Quantum Cascade Laser (QCL) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Demand for Quantum Cascade Lasers in Healthcare Applications
4.2.2.2. Increasing Use of Quantum Cascade Lasers in Gas Sensing
4.2.3. Market restraints analysis
4.2.3.1. High Cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Quantum Cascade Laser (QCL) Market By Fabrication Technology Insights & Trends, Revenue (USD Million)
5.1. Fabrication Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Distributed Feedback
5.1.2. Fabry-Perot
5.1.3. Tunable External Cavities
Chapter 6. Quantum Cascade Laser (QCL) Market By Packaging Type Insights & Trends Revenue (USD Million)
6.1. Packaging Type Dynamics & Market Share, 2019 & 2027
6.1.1. HHL & VHL Package
6.1.2. C-Mount Package
6.1.3. To3 Package
Chapter 7. Quantum Cascade Laser (QCL) Market By Mode of Operation Insights & Trends Revenue (USD Million)
7.1. Mode of Operation Dynamics & Market Share, 2019 & 2027
7.1.1. Continuous Wave Mode
7.1.2. Pulsed Mode
Chapter 8. Quantum Cascade Laser (QCL) Market By End Use Insights & Trends Revenue (USD Million)
8.1. End Use Dynamics & Market Share, 2019 & 2027
8.1.1. Industrial
8.1.2. Military and Defense
8.1.3. Healthcare
8.1.4. Telecommunications
8.1.5. Others
Chapter 9. Quantum Cascade Laser (QCL) Market Regional Outlook
9.1. Quantum Cascade Laser (QCL) Market share By Region, 2019 & 2027
9.2. North America
9.2.1. Market By Fabrication Technology, Market Estimates and Forecast, USD Million
9.2.1.1. Distributed Feedback
9.2.1.2. Fabry-Perot
9.2.1.3. Tunable External Cavities
9.2.2. Market By Packaging Type, Market Estimates and Forecast, USD Million
9.2.2.1. HHL & VHL Package
9.2.2.2. C-Mount Package
9.2.2.3. To3 Package
Continue…
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