Vancouver, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The global Quantum Cascade Laser (QCL) Market is expected to reach USD 543.82 Billion by 2032, according to a new report by Emergen Research. Quantum cascade laser finds its application in free-space communication, spectroscopy, and missile countermeasures. The rise in demand for lightweight, compact, and low-power consuming devices that have the ability to operate in room temperature in mid-infrared wavelength will propel the growing demand for the market.
Quantum cascade laser finds abundant applications in the development of advanced innovative healthcare equipment. QCL infrared spectroscopic imaging is used to identify tissue in real-time. This is particularly helpful in liver biopsy. QCL is also used to develop a device for breath analysis. The market technology is also used in the trace-gas analysis for explosives detection, industrial process control, and environmental monitoring, among others.
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Another important factor driving the adoption of the product is its application in chemical detection and gas sensing in the military and defense industry. An increase in the expenditure on the defense sector will mean a high level of research and development for efficient technologies.
Segments Covered in the report
| Report Details | Outcome |
| The market size value in 2019 | USD 335.2 Million |
| CAGR (2023 - 2032) | 3.8% |
| The revenue forecast in 2032 | USD 543.82 Million |
| Base year for estimation | 2022 |
| Historical data | 2019 - 2021 |
| Forecast period | 2023 - 2032 |
| Quantitative units | Volume in Tons, Revenue in USD Thousand, and CAGR from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Fabrication Technology, Packaging Type, Mode of Operation, End-Use, Region |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; MEA |
| Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
| Key companies profiled | Wavelength Electronics, Inc., Thorlabs, Inc., Block MEMS, Hamamatsu Photonics K.K., Mirsense, Alpes Lasers SA, Akela Laser Corporation, Nanoplus Nanosystems and Technologies GmbH, Emerson Electric Corporation, and Adtech Optics. |
| Customization scope | 10 hrs of free customization and expert consultation |
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MAJOR COMPANIES and Market Share Analysis
The market for Quantum Cascade Laser (QCL) is fairly consolidated, with few numbers of small as well as medium-sized manufacturers, which account for a major global share of the market. The manufacturers involved in the Quantum Cascade Laser (QCL) market are desegregated across the value chain. The key companies of the market are well-equipped with large manufacturing facilities and are also engaged in various research & development activities. Some of the prominent players in the Quantum Cascade Laser (QCL) Company include:
- Wavelength Electronics, Inc.
- Thorlabs, Inc.
- Block MEMS
- Hamamatsu Photonics K.K.
- Mirsense
- Alpes Lasers SA
- Akela Laser Corporation
- Nanoplus Nanosystems and Technologies GmbH
- Emerson Electric Corporation
- Adtech Optics
In July 2017, the Rosemount™ CT580 Quantum Cascade Laser analyzer was launched by Emerson. It is designed for an industrial application built within a flameproof enclosure.
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Key Highlights From The Report
- The Fabry-Perot technology is expected to grow with the highest CAGR as it is the cost-effective simplest quantum cascade laser used in high-power devices owing to its high-power ability.
- The continuous-wave mode is anticipated to grow with a CAGR of 4.2% during the forecast period. The high growth is due to its usage in devices as it offers continuous waves without any delay in time.
- The telecommunication segment will hold a significant share and is among the primary end-user of the market. The deployment of QCL in telecommunication will propel the demand for market product devices in free-space optical communication applications.
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For the purpose of this report, Emergen Research has segmented into the global Quantum Cascade Laser (QCL) Market on the basis of fabrication technology, packaging type, mode of operation, end-user, and region:
- Fabrication Technology Outlook (Revenue, USD Billion; 2019-2032)
- Distributed Feedback
- Fabry-Perot
- Tunable External Cavities
- Packaging Type Outlook (Revenue, USD Billion; 2019-2032)
- HHL & VHL Package
- C-Mount Package
- To3 Package
- Mode of Operation Outlook (Revenue, USD Billion; 2019-2032)
- Continuous Wave Mode
- Pulsed Mode
- End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Industrial
- Military and Defense
- Healthcare
- Telecommunications
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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