Dublin, July 24, 2024 (GLOBE NEWSWIRE) -- The "Quantum Cascade Lasers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Quantum Cascade Lasers is estimated at US$420.3 Million in 2023 and is projected to reach US$571.2 Million by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the quantum cascade lasers market is driven by several factors, including increasing demand for advanced chemical sensing technologies, rising investments in defense and security applications, and continuous advancements in QCL technology. The growing emphasis on environmental monitoring and industrial process control has spurred the adoption of QCL-based sensing systems due to their high sensitivity and selectivity.
Investments in defense technologies have also boosted the demand for QCLs in applications such as infrared countermeasures and secure communication. Additionally, advancements in fabrication and material technologies have improved the performance and reduced the cost of QCLs, making them more accessible for a variety of applications. The healthcare sector`s interest in non-invasive diagnostic tools has further propelled market growth, as QCLs enable precise detection of disease biomarkers through breath analysis.
Furthermore, the expanding scope of QCL applications in emerging fields like quantum computing and communication underscores the potential for sustained market expansion driven by technological innovation and diverse end-use requirements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Continuous Wave Operation Mode segment, which is expected to reach US$406.1 Million by 2030 with a CAGR of a 5.2%. The Pulsed Operation Mode segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $229.4 Million in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $22.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Emerson Electric Company, Newport Corporation, Hamamatsu Photonics KK, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 304 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $420.3 Million |
| Forecasted Market Value (USD) by 2030 | $571.2 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Quantum Cascade Lasers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Lasers: Humanity's Biggest Innovation Set to Get Even Bigger in the Next 50 Years
- New Laser Technologies Emerge Into the Spotlight: Number of Laser Patents Files in the U.S. During the Period 1960-1970, 1971-2000 and 2001-2021 by Technology
- Here's How the Laser Technology Mix Looks Like: Global Laser Devices Revenue % Share Breakdown by Technology Type Years 2022 and 2025
- Global Economic Outlook
- Quantum Cascade Lasers - Definition, Overview, Importance & Applications
- Recent Market Activity
MARKET TRENDS & DRIVERS
- QCLs Use in Environmental Monitoring to Expand & Drive Up Growth Supported by Rising Concerns over Gas Emissions
- A Review of Major Innovations in Quantum Cascade Lasers (QCLs)
- Use of Quantum Cascade Lasers in Military & Defense Applications to Witness Growth
- Growing Military Spending Gets Additional Boost from the Russian-Ukraine War
- Robust Defense Spending Opens Opportunities for Increased Investments in GPRs Technology
- QCLs Use in Military & Defense: A Review
- Expanding Business Opportunity for Breath Analyzers Offers a Compelling Platform for Growth of QCLs
- Growing Opportunity for Quantum Cascade Lasers in Medicine & Healthcare
- Growing Spending on Breath Analyzers by Law Enforcement, Insurance & Crime Departments to Benefit Market Growth
- Expanding Business Opportunity for Breath Analyzers Offers a Compelling Platform for Growth of QCLs
- Advent of Free-Space Optical Communication Generates Demand for Quantum Cascade Laser in Telecommunications Sector
- Quantum Cascade Laser to Address the Need for Reliable and Fast Method to Measure Automotive Emissions
- Rising Concerns Over Automotive Emissions Brings Opportunities for the Use of QCLs for Monitoring & Control
FOCUS ON SELECT PLAYERS (Total 46 Featured)
- Emerson Electric Company
- Newport Corporation
- Hamamatsu Photonics KK
- Edmund Optics, Inc.
- Block Engineering
- Boston Electronics Corporation
- Alpes Lasers SA
- mirSense SA
- nextnano GmbH
- Electronics and Telecommunications Research Institute (ETRI)
- Lytid
- Allied Scientific Pro
- Analog Technologies, Inc.
- IRsweep
- LongWave Photonics
For more information about this report visit https://www.researchandmarkets.com/r/9py463
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