Quantum Cascade Lasers Market to Grow CAGR of 3.9% by 2022

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The global Quantum Cascade Laser (QCL) Market is expected to grow from USD 302.9 million in 2016 to USD 374.8 million by 2022 at a CAGR of 3.9% between 2017 and 2022. The report aims at estimating the market size and future growth potential of the QCL market based on packaging type, operation mode, fabrication technology, and geographic analysis. The report also aims at providing detailed information regarding the major factors influencing the growth of the QCL market (drivers, restraints, opportunities, and industry-specific challenges) and strategically analyzes micromarkets with respect to the individual growth trends, future prospects, and contributions to the total market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2022.

Major Market Developments

  • Alpes Lasers SA has been selected to supply QCLs for the US Air Force Research Laboratory under Standoff Illuminator for Measuring Absorbance and Reflectance Infrared Light Signatures (SILMARILS) program. SILMARILS is a part of Intelligence Advanced Research Projects Activity (IARPA) by the US Air Force Research Laboratory, Ohio.
  • mirSense announced the launch of the uniMir quantum cascade lasers. uniMir is used for tracking gases such as methane (CH4), ammonia (NH3), carbon dioxide (CO2), formaldehyde (H2CO), nitrogen dioxide (NO2), and others.
  • Wavelength Electronics, Inc. announced the availability of low noise QCL driver for reverse polarity configurations. This device has the lowest current noise density.

 

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The research methodology used to estimate and forecast the QCL market begins with capturing data on key vendor revenues through the secondary research that include annual reports, press releases, investor presentations, white papers, journals, certified publications, articles from recognized authors, gold-standard and silver-standard websites, organizations, directories, and databases (which include Factiva, Hoovers, and the Wall Street Journals). The vendor offerings are also taken into consideration to determine the QCL market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global QCL market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

HHL and VHL packaged QCLs are expected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the increasing significance of infrared countermeasures (IRCM) in the military and defense industry. C-Mount Packaged QCLs hold the largest market share due to their low cost.

Continuous wave QCLs held the largest share of this market and are expected to grow at a very high rate between 2017 and 2022 due to their deployment in high-power applications in the industrial and military and defense sectors for providing high duty cycles.

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