Quantum Cascade Laser Market to Reach USD 422 Million by 2025

Posted Nov 13, 2019 by ResearchAndMarkets

According to a new report by ResearchAndMarkets, the quantum cascade laser (QCL) market, which was valued at USD 321 million in 2018, is projected to reach USD 422 million at a CAGR of 3.9% from 2019 to 2025. The report is based on Packaging Type (C-Mount, HHL & VHL Package, TO3 Package), Operation Mode (Continuous Wave, Pulsed), Fabrication Technology (Fabry-Perot, Distributed Feedback), End User, and Region.

Quantum cascade lasers emit light in mid- to far-infrared portion of the electromagnetic spectrum. They differ from other semiconductor diode lasers in their fundamental structures. These lasers are unipolar and rely on electrons only for their progression. They are used in spectroscopy, free-space communication, breath analysis, and missile countermeasures.

Quantum cascade lasers are also being increasingly used in gas spectroscopy applications. They are also used in breath analyzers in the healthcare sector and infrared countermeasures in the military & defense sector. Increasing demand for compact, lightweight, and low-power consuming devices that can operate in the mid-infrared wavelength at room temperature is fueling the growth of the QCL market across the globe.

The drivers fueling the growth of the market are increased use of quantum cascade lasers in gas sensing, chemical detection, and healthcare applications, along with the development of QCL-based non-invasive medical diagnostic tools. High costs of quantum cascade lasers are expected to act as a restraint for the growth of the market. The requirement for the skilled workforce to develop QCL-based devices acts as a challenge for the growth of the QCL market, globally.

In the past few years, quantum cascade lasers have made their way across industrial, healthcare, telecommunication, and military & defense, among other verticals. The QCL market in APAC is in the growth phase, while the market in North America and Europe has reached the maturity stage. A few players operating in the QCL market are Alpes Lasers SA (Switzerland), mirSense (France), Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), AdTech Optics (US), Block MEMS LLC (US), (US), Wavelength Electronics, Inc. (US), Pranalytica Inc. (US), AKELA Laser Corporation (US), and nanoplus Nanosystems and Technologies GmbH (Germany).

Click here to read the full report.