Quantum Cascade Laser Market Worth $422 Million by 2025 - Exclusive Report by MarketsandMarkets(TM)
CHICAGO, Oct. 28, 2019 /PRNewswire/ -- The report "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", published by MarketsandMarkets(TM), size is expected to grow from USD 335 million in 2019 to USD 422 million by 2025; it is projected to grow at a CAGR of 3.9% during the forecast period.
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Increasing 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 QCL market.
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Market for Fabry-Perot fabrication technology to grow at highest CAGR during 2019-2025
The market size for Fabry-Perot fabrication technology is projected to grow at the highest CAGR during the forecast period. Fabry-Perot (FP) QCLs are the simplest QCLs that provide very high power. These are broad-gain, low-cost QCLs and are used in high-power QCL devices. FP QCLs are used in military applications. These QCLs operate in multi-mode light in the broad range at high operating currents.
Continuous wave (CW) to dominate quantum cascade laser market, by operation mode, in 2019
The market for continuous wave (CW) operation mode is expected to hold the largest share in 2019. The continuous wave features an uninterrupted laser beam, which is achieved through 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 requires stable output power. The circuitry of continuous wave QCLs is simpler compared with pulsed QCLs. Continuous waves are obtained at maximum duty cycles.
Browse in-depth TOC on "Quantum Cascade Laser Market"
114 - Tables
54 - Figures
169 - Pages
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North America to hold largest share of quantum cascade laser market in 2019
In terms of value, North America is expected to dominate the quantum cascade laser market in 2019. The growth of the QCL market in North America can be attributed to the growing adoption of QCL-based breath analyzers in the healthcare sector and QCL-based direct infrared countermeasures (DIRCMs) in the military & defense sector.
Moreover, the presence of the market leaders such as Thorlabs, Inc. (US), AdTech Optics (US), Block MEMS LLC (US), (US), Wavelength Electronics, Inc. (US), Pranalytica Inc. (US), and AKELA Laser Corporation (US) in North America is also contributing significantly to the growth of the QCL market in the region.
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