Quantum Cascade Lasers Market

Quantum Cascade Lasers Market worth 374.8 Million USD by 2022

The report "Quantum Cascade Lasers Market by Packaging Type (C-Mount, HHL & VHL Package, TO3 Package), Operation Mode (Continuous Wave, Pulsed), Fabrication Technology (Fabry–Perot, Distributed Feedback, Tunable External Cavities), End-User - Global forecast to 2022", The global quantum cascade lasers (QCL) market is expected to grow from USD 302.9 Million in 2016 to USD 374.8 Million by 2022, at a CAGR of 3.9% between 2017 and 2022. The market is expected to be driven by the gas sensing and chemical detection devices. QCL also has a high demand for breath analyzing applications.

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Industrial sector holds the largest share of the QCL market and is expected to witness substantial growth from 2017 to 2022

The QCL market is being driven by the industrial sector due to its application in gas sensing. Manufacturing companies adopt QCL for gas sensing to detect hazardous gases in manufacturing units. This trend is expected to grow even more in the near future as emerging economies, such as China and India, would further witness expansion of the industrial base. This is propelling the demand for QCL devices.

Fabry–Perot QCL is expected to witness the highest growth rate between 2017 and 2022.

On the basis of fabrication technology, the QCL market for Fabry–Perot QCLs is expected to grow at a significant rate between 2017 and 2022, driven by the growing demand for infrared countermeasures. The military and defense sector is increasingly adopting QCL-based techniques, which will propel the growth of the Fabry–Perot QCL market.

North America is expected to hold a large share of the QCL market through 2022

North America was the largest market for QCL in 2016, followed by Europe and APAC, and is mainly driven by the industrial sector. The growth of the market in Asia Pacific is attributed to the rapid development sectors such as industrial, medical, and military and defense. The QCL market in Europe is expected to hold the second-largest market share by 2022 owing the growing gas sensing applications.

The major companies in the global QCL market that have been included in this report are Block Engineering, Inc. (U.S.), Wavelength Electronics, Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Thorlabs, Inc. (U.S.), Alpes lasers SA (Switzerland), mirSense (France), AdTech Optics (U.S.), Pranalytica Inc. (U.S.), AKELA Laser Corporation  (U.S.), and nanoplus Nanosystems and Technologies GmbH (Germany).

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Report Code
SE 5169
Published ON
Apr, 2017
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