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Quantum Cascade Lasers Market by Packaging Type, Operation Mode, Fabrication Technology, End-User - Global forecast to 2022

Quantum Cascade Lasers Market: Global forecast until 2022

  • April 2017
  • 143 pages
  • ID: 4838911
In this report:
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"Quantum cascade lasers market to grow at a compound annual growth rate (CAGR) of 3.9% during the forecast horizon"

According to the new market research report on quantum cascade lasers, this industry is anticipated to be worth $374.80M by 2022, increasing at a compound annual growth rate (CAGR) of 3.90 percent between 2017 and 2022. The increase of the QCL market can be accredited to the increasing application of QCL in gas sensing and chemical detection in markets and the growing adoption of non-invasive diagnostic tools in the medical sector. The high cost of QCLs is the main restraining factor for the QCL market.

The sector for HHL & VHL packaged QCL is anticipated to grow quickly

The industry for HHL & VHL packaged QCLs is expected witness the more significant rise during the outlook period by cause of the high-power applications in the military and defense market. HHL & VHL packaged QCLs are used in high-power applications in the military and defense industry for infrared countermeasures.

Industrial market held the biggest market share in 2016

The industrial industry held the most important share of the QCL market among sectors including medical, telecommunication, and military and defense. Gas sensing and chemical detection is the main application of QCLs. These techniques are adopted in different industries to detect hazardous gases including CO, CO2, and NH3.

RoW and Asia Pacific (APAC) to be the quickest-rising industries

North America continent held the biggest share of the overall QCL market in 2016 due to the early adoption and strong demand for QCLs in the industrial market. Asia-Pac and RoW are the quickest-increasing QCL sectors as a result of the presence of emerging economies, such as china (CN) and India (IN), where industrial development is taking place at a very high rate. India's industrial production rose to 5.70 percent in the third quarter of 2016. Accordingly, this area is also anticipated to continue its development at the maximal rate between 2017 and 2022.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary interviews of main opinion leaders in the QCL market were performed. The break-up of primary participants for the analysis is shown below:

- By Company Type: Tier 1 55.0 percent, Tier 2 - 20.0 percent, and 1/3 3 - 25.0 percent

- By Description: C-suite - 75.0 percent, Grade of manager - 25.0 percent

- By area: North america (NA) - 10.0 percent, Europe - 20.0 percent, APAC - 40.0 percent, and RoW -30.0 percent

The report profiles top actors in the QCL market with their respective market share review. The main players decribed in this business report are Block Engineering, Incorporated, Wavelength Electronics, Incorporated, Hamamatsu Photonics K.K., Thorlabs, Incorporated, Alpes lasers SA, mirSense, AdTech Optics, Pranalytica Inc., AKELA Laser Corporation, and nanoplus Nanosystems and Technologies GmbH.

Segment Research

The market research depicts different technologies combined with quantum cascade lasers and related developments in terms of packaging type, operation mode, and fabrication technology across various industry verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market across several segments. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies. The study also includes the DIVE chart review of top actors in the quantum cascade lasers market.

Why Purchasing This Study Can Help You:

The analysis will facilitate competitors/new sector entrants in this sector in these ways:

1. This document breaks down the QCL market comprehensively and offers the closest approximations of the size of the global market and its sub-segments across verticals and localities.

2. The market research benefits partners distinguish the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend a competitor better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape and strategic expansions.

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