Global Quantum Cascade Lasers Market Overview:
Quantum Cascade Lasers (QCL) are semiconductor lasers that produce in the mid- and long-wave IR bands, and are applicable in spectroscopy, precision sensing, military applications and others. The quantum cascade lasers, has led to a significant progress in mid-IR spectroscopy and its applications to trace gas sensing. High power (50–500 mW), room temperature operation with thermoelectric cooling (TEC), and continuously improving wall plug efficiency of continuous wave and pulsed QCL designs, make them suitable field deployable sources for most demanding real-world chemical sensing applications. Some of the key players profiled in the study are Hamamatsu Photonics K.K. (Japan), Wavelength Electronics, Inc. (United States), Thorlabs, Inc. (United States), Boston Electronics Corporation (United States), Block Engineering, Inc. (United States), mirSense (France), Alpes lasers SA (Switzerland), AdTech Optics (United States), AKELA Laser Corporation (United States), Pranalytica Inc. (United States) and Sacher Lasertechnik, LLC (United States).
On the basis of geography, the market of Quantum Cascade Lasers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Medical Industry will boost the Quantum Cascade Lasers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Usage in Gas Sensing and Chemical Detection
- Increasing Demand from the Medical Industry for Non-Invasive Diagnostic Tools
Market Trend
- Multiple Gas Sensing Technique Will Add Value to QCLs
Restraints
- High Cost of Quantum Cascade Lasers
Opportunities
- Opportunity of Growth of QCLs Usage in Free-Space Communication
- Increasing Demand for Military Applications
Challenges
August 12, 2019 - Thorlabs announced that it has completed the acquisition of Coda Devices, a manufacturer of Raman-based solutions for analyzing the chemical composition of substances within a laboratory environment or out in the field.
Target Audience:
Manufacturers of Quantum Cascade Lasers, Suppliers of Quantum Cascade Lasers, Wholesalers, Distributors and Retailers of Quantum Cascade Lasers, Healthcare Industry and Governmental Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Quantum Cascade Lasers market on the basis of product [Fabry-Perot, Distributed Feedback, External Cavity, Extended Tuning Devices and Others] , application [Precision Sensing, Spectroscopy, Medical, Military Applications and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Quantum Cascade Lasers market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Quantum Cascade Lasers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are nanoplus Nanosystems and Technologies GmbH (Germany) and Daylight Solutions (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Quantum Cascade Lasers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.