Global Quantum Cascade Laser Research Report 2023-2028 Featuring Leading Players - Thorlabs, Hamamatsu Photonics, MirSense, Emerson Electric, and Block Engineering
DUBLIN, Sept. 18, 2023 /PRNewswire/ -- The "Global Quantum Cascade Laser Market by Fabrication Technology (Fabry-Perot, Distributed Feedback), Packaging Type, Operation Mode, End-user Industry (Medical, Military & Defense, Telecommunications, Industrial) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global Quantum Cascade Laser (QCL) market has witnessed substantial growth, with its value increasing from USD 429 million in 2023 to USD 533 million by 2028, representing a notable CAGR of 4.4% during this period.
This growth is attributed to the widespread adoption of QCL-based analyzers in industrial gas sensing and measurement applications, where they offer advantages such as quick response times, high sensitivity, and remarkable accuracy. These analyzers are integrated into monitoring systems, enabling continuous and real-time measurement of gas concentrations.
The Asia-Pacific region, comprising countries like China, Japan, South Korea, and Taiwan, is a hotspot for QCL adoption, driven by its manufacturing prowess and expanding industrial applications in automotive, electronics, healthcare, and telecommunications sectors. Additionally, substantial research investments in laser technologies, coupled with government support and incentives, further propel QCL adoption.
Key industry players such as Thorlabs, Hamamatsu Photonics, MirSense, Emerson Electric, and Block Engineering are actively contributing to the growth of the Quantum Cascade Laser market, particularly in industrial applications, where QCL-based gas sensors are pivotal in monitoring and controlling harmful emissions to meet environmental standards.
Fabry-Perot technology is projected to grow at the highest CAGR during the forecast period
Fabry-Perot (FP) technology is experiencing high growth rates in Quantum cascade lasers (QCLs) due to several factors. FP-QCLs offer broad wavelength tunability, making them suitable for applications requiring different wavelengths.
They can operate in continuous wave (CW) mode, providing a continuous output power, which is beneficial in applications requiring a constant and uninterrupted light source. FP-QCLs have a simple design, reducing manufacturing costs and making them accessible to a wider range of users.
They offer versatility by supporting both pulsed and continuous wave operation, catering to various application requirements. FP-QCLs benefit from existing knowledge and manufacturing capabilities by leveraging the well-established technology of Fabry-Perot interferometers.
The Military & Defense end-user industry is projected to grow at the highest CAGR during the forecast period
The military & defense industry is expected to witness a higher growth rate in the adoption of Quantum cascade lasers (QCLs) due to their unique capabilities.
QCLs offer advantages in sensing, targeting, infrared countermeasures, chemical and biological detection, directed energy weapons, and secure communication. With their versatile wavelength coverage, high power output, and tunability, QCLs enhance situational awareness, protect against in
Significant investments in research and development by governments and defense organizations further drive technological advancements and the adoption of QCLs in military & defense applications.
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