HOME Research Insight New Product Launches, Capacity Expansions, and Joint Ventures to Expand Their Global Presence and Increase Their in the Quantum Cascade Lasers Market

New Product Launches, Capacity Expansions, and Joint Ventures to Expand Their Global Presence and Increase Their in the Quantum Cascade Lasers Market

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 which are adopted by various industries to monitor hazardous gases and maintain safety and security on the field. QCL has a high demand for non-invasive medical diagnostic tools for diagnosing diseases such as asthma and diabetes by analyzing the breath of the patient.

The key QCL providers from North America and Europe led the global QCL market in 2015. These companies have been expanding their offerings worldwide, especially focusing on the key markets in Asia Pacific and RoW through collaborations, partnerships, acquisitions, and contracts, among other strategies. Major companies have adopted various strategies such as mergers and acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase their market share.

Alpes Lasers (Switzerland) is the number one player in the quantum cascade lasers market and has been focusing on developing QCL light sources. The company has been taken continuous efforts in advancing its product portfolio and offers all types of QCLs—Fabry–Perot, distributed feedback, and external tunable cavities— operating in both continuous wave and pulsed mode. In February 2017, the company was selected for a supply of QCLs to the US Air Force Research Laboratory under Standoff Illuminator for Measuring Absorbance and Reflectance Infrared Light Signatures (SILMARILS) program by US Air Force Research Laboratory, Ohio.

Another key player in the QCL market is mirSense (France), which focuses on developing its products in industrial gas sensing and chemical detection, environment monitoring, and direct infrared countermeasures (DIRCM). In this way, the company is in involved in providing application-specific products. It has been increasing its R&D spending in the recent past and is involved in mixed gas sensing applications. In June 2016, mirSense announced the launch of uniMir for tracking gases such as methane (CH4), ammonia (NH3), carbon dioxide (CO2), formaldehyde (H2CO), and nitrogen dioxide (NO2).

Related Reports:

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

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