Northbrook, IL 60062 -- (SBWire) -- 12/13/2023 --The Quantum Cascade Laser Market is projected to grow from USD 429 million in 2023 to USD 533 million by 2028; it is expected to grow at a CAGR of 4.4% from 2023 to 2028.
The factors driving the growth of the quantum cascade laser market include the increasing use of quantum cascade lasers in gas sensing and chemical detection applications and the growing demand for QCLs in healthcare and medical diagnostics.
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In 2022, the Distributed Feedback (DFB) QCLs held the largest share of the Quantum Cascade Laser Market. DFB QCLs' adaptability and performance abilities make them ideal for gas sensing and spectroscopy, defense, security, remote sensing, and image sensing applications that demand high-performance mid-infrared laser sources. Their capacity to emit tunable and narrow linewidth emissions in the mid-infrared range has opened up opportunities for scientific research, industrial process optimization, and breakthroughs in military and security applications.
The continuous wave (CW) operation mode segment of QCL accounted for the largest market share in 2022. CW operation provides a constant and uninterrupted output, ensuring a stable light source required in applications such as high-resolution spectroscopy. Longer integration times in CW mode result in a higher signal-to-noise ratio, enhancing the accuracy and sensitivity of measurements in gas sensing and molecular spectroscopy. Additionally, CW operation simplifies system design by eliminating the need for laser diode modulation, leading to cost savings, improved reliability, and easier integration into existing systems. Moreover, CW-QCLs achieve high wall-plug efficiencies, making them efficient in power consumption, which is crucial for portable or battery-operated devices.
The Quantum Cascade Laser Market for industrial applications is expected to hold the highest market share during the forecast period. QCLs use extensively in industrial applications due to their wide wavelength coverage, spanning from mid-infrared to terahertz regions. This versatility allows them to address diverse industrial needs such as gas sensing, chemical analysis, industrial process monitoring, and quality control. Additionally, QCLs deliver high power and brightness, making them suitable for laser material processing, machining, and spectroscopy applications that require strong and focused laser beams. They also offer rapid pulse generation capabilities, enabling precise control of pulse durations necessary for applications like laser micromachining and material ablation. Overall, QCLs' versatility, power, stability, and compatibility have driven their wide adoption in various industrial sectors for process monitoring, quality control, material processing, spectroscopy, and environmental sensing.
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North America is projected to account for the largest Quantum Cascade Laser Market share in 2028.
North America, particularly the US, has become a prominent hub for Quantum cascade lasers (QCLs) due to advanced research and development, a strong industrial sector, robust funding mechanisms, and a well-developed infrastructure. The region's leading academic institutions, research centers, and companies have driven innovation in QCL technology, while industries such as defense, environmental monitoring, pharmaceuticals, and oil and gas have embraced QCLs for their specific applications. Government grants, venture capital investments, and market demand have supported QCL research and facilitated efficient production. The North American market's strong demand for advanced sensing technologies and growing awareness of QCL benefits have further propelled their adoption.
Quantum Cascade Laser Market Share, Demand, Forecast 2028