Factors such as increasing use of quantum cascade lasers in gas sensing and chemical detection applications and growing demand for quantum cascade lasers in healthcare applications are driving the growth of the quantum cascade laser market.
The market for continuous wave (CW) operation mode is expected to grow at a higher CAGR during the forecast period. This high growth is due to its use in most of the QCL devices, as it provides continuous waves without any delay in time. In continuous wave mode, QCLs emit an uninterrupted laser beam. This is achieved through the constant pumping of the QCL.
The telecommunication segment is expected to be the major adopter of QCL technology during the forecast period. The deployment of quantum cascade lasers in the telecommunication sector is likely to further fuel the demand for QCL-based devices in free-space optical communication applications. Free-space optical communication is a promising solution that has an advantage of unlimited bandwidth, high security, and low cost. QCLs, being the most optimum light source in infrared wavelength, can be used in free-space optical communication.
The quantum cascade laser market in APAC is projected to grow at the highest CAGR during the forecast period, owing to increasing industrial manufacturing infrastructure development activities and growing military & defense expenditure in emerging economies such as China and India. The commercialization of applications of QCLs is in its introductory stage in the developing economies of the APAC region.
Key Market Players include Thorlabs (US), Hamamatsu Photonics K.K. (Japan), mirSense (France), Emerson Electric Co. (US), Block MEMS (US), Wavelength Electronics Inc (US), Pranalytica (US), DRS Daylight Solutions (US), PNNL (US), nanoplus Nanosystems Technologies GmbH (Germany), Lasermax Inc. (US), Picarro Inc (US), Akela Laser Corporation (US), Aerodyne Research Inc. (US), Alpes Laser (Switzerland), Power Technology Inc. (US), Boston Electronics Corporation (US), MG Optical (Germany), SacherLaser Technik (Germany), AdTech Optics (US), Longwave Photonics (US), and Eluxi Ltd. (UK).
Key Questions Addressed by the Report
· How big is the opportunity for the QCL market? How rising adoption of QCL products can help grasp this opportunity?
· Which are the recent industry trends that can be implemented to generate additional revenue streams?
· Who are the major players operating in the quantum cascade laser market? Which companies are the front runners?
· With the rise in demand for QCL products from various end-user industries, what are the opportunities for players now and for those planning to enter various stages of the value chain?
How will the increasing adoption of QCL products in industrial and military & defense segments impact the growth rate of the overall quantum cascade laser market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Increasing Use of Quantum Cascade Lasers in Gas Sensing and Chemical Detection Applications
3.1.2. Growing Demand for Quantum Cascade Lasers in Healthcare Applications
3.2.1. High Costs of QCL-Based Devices
3.2.2. Complexity of Circuitry and Requirement for Skilled Workforce
3.3.1. Use of Quantum Cascade Lasers in Free-Space Optical Communication
3.3.2. Huge Potential for Use in Military Applications
3.3.3. Development of QCL-Based Devices Capable of Detecting Multiple Gases
3.3.4. Development of Terahertz Quantum Cascade Laser Technology
4. Executive Summary
5. Quantum Cascade Laser Market, By Fabrication Technology
5.2. Distributed feedback
5.3. Tunable external cavities
6. Quantum Cascade Laser Market, By Operation Mode
6.1. Continuous wave
7. Quantum Cascade Laser Market, By Packaging Type
7.1. C-mount package
7.2. HHL and VHL package
7.3. To3 Package
8. Quantum Cascade Laser Market, By End User
8.4. Military and defense
9. Quantum Cascade Laser Market, By Region
9.1. North America
9.2.4. Rest of Europe
9.3. Asia Pacific
9.3.4. South Korea
9.3.5. Rest of APAC
9.4. Rest of the World
9.4.1. South America
9.4.2. Middle East and Africa
10. Company Profiles
10.1.Leading Companies in Quantum Cascade Laser Market
10.1.1. Block MEMS
10.1.2. Wavelength Electronics, Inc.
10.1.3. Hamamatsu Photonics K.K.
10.1.4. Thorlabs, Inc
10.1.5. Alpes Lasers SA
10.1.7. Pranalytica, Inc.
10.1.8. Akela Laser Corporation
10.1.9. Emerson Electric Corporation
10.1.10. Nanoplus Nanosystems and Technologies GmbH
10.2.Other Companies in Quantum Cascade Laser Market
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendations