Quantum Cascade Laser Market

Quantum Cascade Laser Market by Fabrication Technology (Fabry–Perot, Distributed Feedback), Packaging Type, Operation Mode, End-User Industry (Medical, Military & Defense, Telecommunications, Industrial) and Region - Global Forecast to 2028

Report Code: SE 5169 Jul, 2023, by marketsandmarkets.com

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 increasing use of quantum cascade lasers in gas sensing and chemical detection applications and the growing demand for QCLs in healthcare and medical diagnostics are among the factors driving the growth of the quantum cascade laser market.

Quantum Cascade Laser Market

Quantum Cascade Laser Market

Quantum Cascade Laser Market Forecast to 2028

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Quantum Cascade Laser Market Dynamics

Driver: Growing demand for quantum cascade lasers in healthcare and medical diagnostics

Quantum Cascade Lasers are rapidly being used in medical diagnostics for non-invasive spectroscopy, breath analysis, and disease diagnosis. They provide precise and accurate measurements, making them useful in fields like breath analysis for disease diagnosis, blood glucose monitoring, and cancer biomarker detection. QCLs have transformed non-invasive spectroscopic analysis in healthcare. They produce light in the mid-infrared region, which correlates to the absorption bands of numerous compounds in biological samples. Identifying and quantifying biomarkers and analytes in biological fluids, tissues, and breath samples is possible with QCL-based spectroscopy, enabling early identification of diseases and monitoring.

Restraint: High costs of QCL-based devices

QCLs are currently more expensive than other laser technologies. The complicated manufacturing process, specific materials, and developing design factors contribute to its increased cost. This cost aspect may limit their broad use, particularly in price-sensitive applications or industries. QCL-based devices use expensive wafers and complicated circuitry, which results in significant development costs, making them pricey. Furthermore, developing custom QCL-based devices is expensive, resulting in high device costs as firms are required to create QCLs for a specific wavelength within the mid-infrared range. Compared to other laser technologies, QCLs are frequently produced in lesser numbers, and modifications may be necessary to fulfill specific application needs. Additionally, the requirement for particular manufacturing setups, individualized testing, lesser economies of scale, customization, and low-volume production might result in higher prices.

Opportunity: Use of quantum cascade lasers in industrial and environmental monitoring

QCLs are suitable for industrial and environmental monitoring. They are useful for detecting and analyzing trace gases and contaminants due to their great sensitivity, precision, and selectivity. Opportunities exist in areas where QCL-based sensors and systems can increase efficiency, compliance, and environmental sustainability, such as gas sensing, emissions monitoring, industrial process control, and air quality monitoring. QCLs monitor air quality in cities, industrial zones, and indoor spaces. QCL-based sensors can detect and measure a variety of air pollutants, including particulate matter, ozone, carbon monoxide, nitrogen dioxide, and volatile organic compounds. These sensors give continuous, real-time data that can be used to analyze air quality, identify pollution sources, and perform targeted mitigation actions.

Challenge: Manufacturing complexities of quantum cascade lasers

QCLs require complex manufacturing processes such as molecular beam epitaxy (MBE). MBE is an accurate and controlled deposition process that involves the growth of multiple layers of semiconductor materials with specific compositions and thicknesses, resulting in the precise layer structures required for QCL operation. The manufacturing process is complex and time-consuming, which raises production costs. Furthermore, QCLs’ sensitivity to material flaws and faults can reduce production yields, restricting their availability and increasing costs. The manufacturing complexity of QCL devices comes from the requirement to achieve exact control over material properties, layer architectures, and device shape. Each phase necessitates specialized equipment, experience, and tight quality control procedures. Manufacturing techniques, equipment, and process optimization are constantly being improved to meet these challenges and improve the scalability, yield, and cost-effectiveness of QCL devices.

Quantum Cascade Laser Market Ecosystem

The prominent players in the Quantum Cascade Laser market are Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), MirSense (France),  Emerson Electric Co. (US), and Block Engineering. (US). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

Quantum Cascade Laser Market by Ecosystem

Distributed Feedback QCLs accounted for the largest market share during forecast period.

Distributed feedback (DFB) technology is widely used in QCLs due to its advantages, including single-mode operation, narrow linewidth, stable and reliable performance, single-frequency emission, and compact design. DFB-QCLs offer precise and selective wavelength emission, making them suitable for applications like spectroscopy and telecommunications. Their narrow linewidth enables high spectral purity and coherent beam propagation. The inherent stability of DFB-QCLs ensures consistent operation, which is crucial for applications such as industrial process control and defense systems. The compact design and integration-friendly nature of DFB-QCLs make them ideal for portable devices and facilitate their adoption in various fields, including environmental sensing and medical diagnostics.

Continuous wave operation mode accounted for the largest market share during the forecast period.

Continuous wave (CW) technology is widely used in the QCL market because it provides a constant and stable output of laser light, ensuring reliable performance in applications such as spectroscopy and process monitoring. CW operation also enables longer integration times, resulting in improved sensitivity and accuracy for applications like gas sensing and molecular spectroscopy. The simplified system design of CW-QCLs reduces complexity. It enhances reliability, while their high wall-plug efficiencies contribute to efficient power consumption, making them suitable for portable and battery-operated devices. Overall, the benefits of CW technology drive its widespread adoption in industrial QCL applications.

Industrial Applications accounted for the largest market share during the forecast period.

QCLs are extensively used in industrial applications due to their high power and brightness, wide wavelength coverage, rapid pulse generation, long-term stability, compactness, solid-state nature, and high sensitivity and selectivity for gas sensing. These characteristics enable QCLs to be employed in laser material processing, spectroscopy, gas sensing, industrial process monitoring, and environmental sensing. QCLs offer efficient and reliable performance, precise control over emitted wavelengths, and robustness in demanding industrial environments. Their versatility and compatibility with industrial systems have made QCLs a preferred choice for various industrial sectors, facilitating process optimization, quality control, and advanced analytical capabilities.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is witnessing rapid industrialization and significant investments in research and development. This, coupled with the emerging defense and security applications, large consumer electronics market, and government support, is expected to drive the growth of the Quantum cascade laser (QCL) market in the region. The demand for advanced sensing technologies, laser-based applications, and solutions offered by QCLs in industries such as automotive, electronics, healthcare, and telecommunications will contribute to the market’s expansion. The Asia Pacific region’s focus on innovation, defense capabilities, and government initiatives positions it as a key player in the growing QCL industry.

Quantum Cascade Laser Market by Region

Quantum Cascade Laser Market by Region

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Key Market Players

The major players in the Quantum Cascade Laser companies include Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), MirSense (France),  Emerson Electric Co. (US), Block Engineering. (US), Wavelength Electronics, Inc. (US), Daylight Solutions. (US), Alpes Lasers (Switzerland), nanoplus Nanosystems and Technologies GmbH (Germany), and Akela Laser Corporation (US). These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Estimated Value USD 429 million in 2023
Projected Value USD 533 million by 2028
Growth Rate CAGR of 4.4%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

By Fabrication Technology, By Operation Mode, By Packaging Type, By End-User Industry, By Region

Geographies Covered

South America, Europe, Asia Pacific, and RoW

Companies Covered

Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), MirSense (France),  Emerson Electric Co. (US), Block Engineering. (US), Wavelength Electronics, Inc. (US), Daylight Solutions. (US), Alpes Lasers (Switzerland), nanoplus Nanosystems and Technologies GmbH (Germany), Akela Laser Corporation (US), LaserMaxDefense (US), Picarro, Inc. (US), Aerodyne Research Inc. (US), Power Technologies. (US), MG Optical Solutions GmbH (Germany), Sacher Lasertechnik GmbH (Germany), AdTech Optics (US), LongWave Photonics LLC (US), and ELUXI Ltd (UK)

Quantum Cascade Laser Market Highlights

This research report categorizes the Quantum Cascade Laser Market based on by fabrication technology,  operation mode, packaging type, end-user industry, and region.

Segment

Subsegment

By Fabrication Technology

  • Introduction
  • Fabry-Perot
  • Distributed Feedback
  • Tunable External Cavities

By Operation Mode

  • Introduction
  • Continuous Wave
  • Pulsed

By Packaging Type

  • Introduction
  • C-Mount Package
  • HHL & VHL Package
  • TO3 Package

By End-User Industry

  • Introduction
  • Industrial
  • Medical
  • Telecommunication
  • Military & Defense
  • Others

By Region

  • Introduction
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacifc
  • ROW
    • Middle East & Africa
    • South America

Recent Developments

  • In April 2023, Thorlabs, Inc. launched QD8912HH, which is the ideal laser for Ammonia (NH3) sensing as it includes a collimated output, a standard HHL connector for electrical and temperature control, and a tuning range of 8912 nm for the lasing wavelength.
  • In March 2023, Wavelength Electronics, Inc. launched QCL2000 LAB can accurately send up to 2 A to the laser and has good stability and minimal noise. With an average current noise density of 4 nA/Hz, this tabletop instrument demonstrates a noise performance of 1.3 A RMS up to 100 kHz. The QCL driver from Wavelength Electronics allows reliable laser output and low-noise high-definition video streaming at a data rate of 1.485 Gbit/s. As a result, the created QCL system is a reliable tool for actual field uses in free-space communication.
  • In March 2022, Hamamatsu Photonics K.K. announced the world’s first QCL module with an adjustable frequency range of 0.42 to 2 THz. Hamamatsu’s innovation was made possible by employing cutting-edge optical design technology to analyze the terahertz wave generating principle, which increases the output power of the QCL, and the arrangement of the highly effective external cavity.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 QUANTUM CASCADE LASER MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
           FIGURE 2 QUANTUM CASCADE LASER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    TABLE 1 LIST OF SECONDARY SOURCES
                    2.1.2.1 Key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 6 QUANTUM CASCADE LASER MARKET: SUPPLY-SIDE ANALYSIS (1/2)
                               FIGURE 7 QUANTUM CASCADE LASER MARKET: SUPPLY-SIDE ANALYSIS (2/2)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 9 ASSUMPTIONS
    2.5 RISK ASSESSMENT 
           TABLE 2 RISK ASSESSMENT
    2.6 RECESSION IMPACT ANALYSIS 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 10 QUANTUM CASCADE LASER MARKET: GROWTH PROJECTION, 2019–2028
    FIGURE 11 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF QUANTUM CASCADE LASER MARKET FROM 2023 TO 2028
    FIGURE 12 DISTRIBUTED FEEDBACK SEGMENT TO LEAD QUANTUM CASCADE LASER MARKET FROM 2023 TO 2028
    FIGURE 13 NORTH AMERICA TO HOLD LARGEST SHARE OF QUANTUM CASCADE LASER MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN QUANTUM CASCADE LASER MARKET 
           FIGURE 14 INCREASING USE OF QUANTUM CASCADE LASERS IN GAS SENSING AND CHEMICAL DETECTION
    4.2 QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE 
           FIGURE 15 TO3 PACKAGE SEGMENT TO LEAD QUANTUM CASCADE LASER MARKET FROM 2023 TO 2028
    4.3 QUANTUM CASCADE LASER MARKET, BY OPERATION MODE 
           FIGURE 16 CONTINUOUS WAVE (CW) SEGMENT TO HOLD LARGEST SHARE OF QUANTUM CASCADE LASER MARKET IN 2023 AND 2028
    4.4 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY AND END USER 
           FIGURE 17 DISTRIBUTED FEEDBACK AND INDUSTRIAL SEGMENTS TO HOLD LARGEST SHARES OF QUANTUM CASCADE LASER MARKET IN 2023
    4.5 QUANTUM CASCADE LASER MARKET, BY REGION 
           FIGURE 18 ASIA PACIFIC QUANTUM CASCADE LASER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 QUANTUM CASCADE LASER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of advanced techniques in healthcare and medical diagnostics
                    5.2.1.2 Increasing use of quantum cascade lasers in gas sensing and chemical detection
                    5.2.1.3 Growing demand in automotive industry
                               FIGURE 20 QUANTUM CASCADE LASER MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost associated with quantum cascade lasers
                               FIGURE 21 QUANTUM CASCADE LASER MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing use in industrial and environmental monitoring
                    5.2.3.2 Widening application scope in military sector
                    5.2.3.3 Innovations in spectroscopy and imaging
                               FIGURE 22 QUANTUM CASCADE LASER MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Manufacturing complexities associated with quantum cascade lasers
                               FIGURE 23 QUANTUM CASCADE LASER MARKET: CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 24 QUANTUM CASCADE LASER MARKET: VALUE CHAIN ANALYSIS
    5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR MARKET PLAYERS
    5.5 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 3 QUANTUM CASCADE LASER MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 26 QUANTUM CASCADE LASER MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.5.1 THREAT OF NEW ENTRANTS
           5.5.2 THREAT OF SUBSTITUTES
           5.5.3 BARGAINING POWER OF SUPPLIERS
           5.5.4 BARGAINING POWER OF BUYERS
           5.5.5 INTENSITY OF COMPETITIVE RIVALRY
    5.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
           5.6.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END USERS
    5.7 PATENT ANALYSIS 
           FIGURE 29 NUMBER OF PATENTS GRANTED RELATED TO QUANTUM CASCADE LASERS, 2012–2022
           FIGURE 30 REGIONAL ANALYSIS OF PATENTS GRANTED FOR QUANTUM CASCADE LASERS, 2022
           TABLE 5 QUANTUM CASCADE LASER MARKET: PATENT ANALYSIS, 2021–2023
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 FABRY–PEROT
           5.8.2 DISTRIBUTED FEEDBACK (DFB)
           5.8.3 TUNABLE EXTERNAL CAVITY
    5.9 CASE STUDY ANALYSIS 
           5.9.1 BLOCK MEMS LLC DEVELOPED MID-IR (MIR) SPECTROSCOPY-BASED STANDOFF-DETECTING DEVICES TO DETECT CHEMICAL AND BIOLOGICAL THREATS
           5.9.2 WAVELENGTH ELECTRONICS WITH PRINCETON UNIVERSITY DEVELOPED QCL-BASED SENSOR FOR PRECISION GAS DETECTION AND MEASUREMENT
           5.9.3 DAYLIGHT SOLUTIONS DEVELOPED SPERO (QCL-BASED INFRARED MICROSCOPY DEVICE) FOR BREATH ANALYSIS IN MEDICAL DIAGNOSTICS
           5.9.4 INSTALLATION OF DIRCM SYSTEMS TO DEFEND AIRPLANES AGAINST HEAT-SEEKING MISSILES
           5.9.5 BLOCK ENGINEERING HELPED SCIENCE AND TECHNOLOGY DIRECTORATE (S&T) OF US DEPARTMENT OF HOMELAND SECURITY FIND VEHICLE-BORNE IMPROVISED EXPLOSIVE DEVICES
    5.10 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 6 QUANTUM CASCADE LASER MARKET: LIST OF CONFERENCES AND EVENTS
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    TABLE 7 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    TABLE 8 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 TARIFF AND REGULATORY LANDSCAPE 
           5.12.1 STANDARDS
                    5.12.1.1 International Electrotechnical Commission (IEC)
                                TABLE 9 INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC) LASER CLASSIFICATIONS
                    5.12.1.2 Center for Devices and Radiological Health (CDRH)
           5.12.2 REGIONAL STANDARDS
                    5.12.2.1 US
                                TABLE 10 AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI) LASER STANDARDS
                    5.12.2.2 Europe
           5.12.3 REGULATIONS
           5.12.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 PRICING ANALYSIS 
           5.13.1 AVERAGE SELLING PRICE (ASP) OF QUANTUM CASCADE LASERS, BY FABRICATION TECHNOLOGY
                    FIGURE 31 AVERAGE SELLING PRICE (ASP) OF QUANTUM CASCADE LASERS, BY FABRICATION TECHNOLOGY
 
6 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY (Page No. - 71)
    6.1 INTRODUCTION 
           FIGURE 32 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY
           FIGURE 33 FABRY–PEROT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 14 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 15 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 16 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (THOUSAND UNITS)
           TABLE 17 QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (THOUSAND UNITS)
    6.2 FABRY–PEROT 
           6.2.1 OPERATES IN MULTI-MODE LIGHT AT HIGH OPERATING CURRENT
                    TABLE 18 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2019–2022 (USD MILLION)
                    TABLE 19 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2023–2028 (USD MILLION)
                    TABLE 20 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2019–2022 (USD MILLION)
                    TABLE 21 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2023–2028 (USD MILLION)
                    TABLE 22 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY END USER, 2019–2022 (USD MILLION)
                    TABLE 23 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY END USER, 2023–2028 (USD MILLION)
                    TABLE 24 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 25 FABRY–PEROT: QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
                    TABLE 26 FABRY–PEROT: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 27 FABRY–PEROT: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 28 FABRY–PEROT: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 29 FABRY–PEROT: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 30 FABRY–PEROT: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 31 FABRY–PEROT: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 32 FABRY–PEROT: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 33 FABRY–PEROT: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
    6.3 DISTRIBUTED FEEDBACK (DFB) 
           6.3.1 OPERATES IN CONTINUOUS AND PULSE OPERATION MODES
                    TABLE 34 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2019–2022 (USD MILLION)
                    TABLE 35 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2023–2028 (USD MILLION)
                    TABLE 36 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2019–2022 (USD MILLION)
                    TABLE 37 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2023–2028 (USD MILLION)
                    TABLE 38 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY END USER, 2019–2022 (USD MILLION)
                    TABLE 39 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY END USER, 2023–2028 (USD MILLION)
                    TABLE 40 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 41 DISTRIBUTED FEEDBACK: QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
                    TABLE 42 DISTRIBUTED FEEDBACK: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 43 DISTRIBUTED FEEDBACK: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 44 DISTRIBUTED FEEDBACK: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 45 DISTRIBUTED FEEDBACK: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 46 DISTRIBUTED FEEDBACK: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 47 DISTRIBUTED FEEDBACK: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 48 DISTRIBUTED FEEDBACK: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 49 DISTRIBUTED FEEDBACK: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
    6.4 TUNABLE EXTERNAL CAVITY 
           6.4.1 FEATURES HIGHER SPECTRAL TUNING RANGE THAN DFB QUANTUM CASCADE LASERS
                    TABLE 50 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2019–2022 (USD MILLION)
                    TABLE 51 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2023–2028 (USD MILLION)
                    TABLE 52 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2019–2022 (USD MILLION)
                    TABLE 53 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2023–2028 (USD MILLION)
                    TABLE 54 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY END USER, 2019–2022 (USD MILLION)
                    TABLE 55 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY END USER, 2023–2028 (USD MILLION)
                    TABLE 56 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 57 TUNABLE EXTERNAL CAVITY: QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
                    TABLE 58 TUNABLE EXTERNAL CAVITY: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 59 TUNABLE EXTERNAL CAVITY: NORTH AMERICA QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 60 TUNABLE EXTERNAL CAVITY: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 61 TUNABLE EXTERNAL CAVITY: EUROPE QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 62 TUNABLE EXTERNAL CAVITY: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD THOUSAND)
                    TABLE 63 TUNABLE EXTERNAL CAVITY: ASIA PACIFIC QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)
                    TABLE 64 TUNABLE EXTERNAL CAVITY: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD THOUSAND)
                    TABLE 65 TUNABLE EXTERNAL CAVITY: ROW QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD THOUSAND)
 
7 QUANTUM CASCADE LASER MARKET, BY OPERATION MODE (Page No. - 92)
    7.1 INTRODUCTION 
           FIGURE 34 QUANTUM CASCADE LASER MARKET, BY OPERATION MODE
           FIGURE 35 CONTINUOUS WAVE SEGMENT TO HOLD LARGER SHARE OF QUANTUM CASCADE LASER MARKET IN 2028
           TABLE 66 QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2019–2022 (USD MILLION)
           TABLE 67 QUANTUM CASCADE LASER MARKET, BY OPERATION MODE, 2023–2028 (USD MILLION)
    7.2 CONTINUOUS WAVE 
           7.2.1 PROVIDES UNINTERRUPTED LASER BEAM WITH CONSTANT AMPLITUDE AND WAVE FREQUENCY
                    TABLE 68 CONTINUOUS WAVE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 69 CONTINUOUS WAVE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    7.3 PULSED 
           7.3.1 CONSUMES LESS POWER TO OBTAIN LOW-DUTY CYCLE
                    TABLE 70 PULSED: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 71 PULSED: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
 
8 QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE (Page No. - 97)
    8.1 INTRODUCTION 
           FIGURE 36 QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE
           FIGURE 37 TO3 PACKAGE SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE IN 2028
           TABLE 72 QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2019–2022 (USD MILLION)
           TABLE 73 QUANTUM CASCADE LASER MARKET, BY PACKAGING TYPE, 2023–2028 (USD MILLION)
    8.2 C-MOUNT PACKAGE 
           8.2.1 USED IN DEVICES WITH OPERATING WAVELENGTH RANGE OF 680–980 NM
                    TABLE 74 C-MOUNT PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 75 C-MOUNT PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    8.3 HHL & VHL PACKAGE 
           8.3.1 WIDELY ADOPTED IN INDUSTRIAL SECTOR
                    TABLE 76 HHL & VHL PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 77 HHL & VHL PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    8.4 TO3 PACKAGE 
           8.4.1 COMMONLY USED IN SILICON-CONTROLLED RECTIFIERS (SCRS), POWER TRANSISTORS, AND HIGH-OUTPUT SEMICONDUCTOR DEVICES
                    TABLE 78 TO3 PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 79 TO3 PACKAGE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
 
9 QUANTUM CASCADE LASER MARKET, BY END USER (Page No. - 103)
    9.1 INTRODUCTION 
           FIGURE 38 QUANTUM CASCADE LASER MARKET, BY END USER
           FIGURE 39 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
           TABLE 80 QUANTUM CASCADE LASER MARKET FOR FABRY PEROT TECHNOLOGY, BY END USER, 2019–2022 (USD MILLION)
           TABLE 81 QUANTUM CASCADE LASER MARKET FOR FABRY PEROT TECHNOLOGY, BY END USER, 2023–2028 (USD MILLION)
    9.2 INDUSTRIAL 
           9.2.1 GROWING ADOPTION OF QUANTUM CASCADE LASER-BASED ANALYZERS IN GAS-SENSING AND MEASUREMENT APPLICATIONS
                    TABLE 82 INDUSTRIAL: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 83 INDUSTRIAL: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    9.3 MEDICAL 
           9.3.1 RISING DEPLOYMENT OF QUANTUM CASCADE LASER-BASED BREATH ANALYZERS OVER TRADITIONAL LEAD–SALT DIODE-BASED BREATH ANALYZERS
                    TABLE 84 MEDICAL: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 85 MEDICAL: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    9.4 TELECOMMUNICATIONS 
           9.4.1 INCREASING USE OF QUANTUM CASCADE LASERS IN FREE-SPACE OPTICAL COMMUNICATION
                    TABLE 86 TELECOMMUNICATIONS: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 87 TELECOMMUNICATIONS: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    9.5 MILITARY & DEFENSE 
           9.5.1 INSTALLATION OF FABRY–PEROT QUANTUM CASCADE LASERS IN INFRARED COUNTERMEASURES (IRCMS) TO DETECT EXPLOSIVES AND DRUGS
                    TABLE 88 MILITARY & DEFENSE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 89 MILITARY & DEFENSE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    9.6 OTHERS 
           TABLE 90 OTHERS: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 91 OTHERS: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
 
10 QUANTUM CASCADE LASER MARKET, BY REGION (Page No. - 113)
     10.1 INTRODUCTION 
             FIGURE 40 ASIA PACIFIC QUANTUM CASCADE LASER MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
             TABLE 92 QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 93 QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 41 NORTH AMERICA: QUANTUM CASCADE LASER MARKET SNAPSHOT
             10.2.1 US
                        10.2.1.1 Rising deployment of laser-based weapons in defense sector and use of lasers in healthcare procedures
             10.2.2 CANADA
                        10.2.2.1 Increasing focus on R&D for quantum cascade laser technology
             10.2.3 MEXICO
                        10.2.3.1 Increasing adoption in industrial sector
             10.2.4 NORTH AMERICA: RECESSION IMPACT
                        TABLE 94 NORTH AMERICA: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 95 NORTH AMERICA: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 96 NORTH AMERICA: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 97 NORTH AMERICA: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             FIGURE 42 EUROPE: QUANTUM CASCADE LASER MARKET SNAPSHOT
             TABLE 98 EUROPE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
             TABLE 99 EUROPE: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
             TABLE 100 EUROPE: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 101 EUROPE: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Development of energy-efficient and low carbon-emitting devices using laser technology
             10.3.2 GERMANY
                        10.3.2.1 Increasing bandwidth requirements from mobile and data center network operators
             10.3.3 FRANCE
                        10.3.3.1 Increasing adoption of laser technology in healthcare sector
             10.3.4 REST OF EUROPE
             10.3.5 EUROPE: RECESSION IMPACT
     10.4 ASIA PACIFIC 
             FIGURE 43 ASIA PACIFIC: QUANTUM CASCADE LASER MARKET SNAPSHOT
             10.4.1 CHINA
                        10.4.1.1 Increasing applications in spectroscopy, breathe analyzers, and free-space optical communication
             10.4.2 JAPAN
                        10.4.2.1 Increasing R&D investments and presence of major market players
             10.4.3 SOUTH KOREA
                        10.4.3.1 Growing use in real-time monitoring of gases and contaminants in industrial sector
             10.4.4 INDIA
                        10.4.4.1 Massive deployment of networks to enable high-speed connectivity
             10.4.5 REST OF ASIA PACIFIC
             10.4.6 ASIA PACIFIC: RECESSION IMPACT
                        TABLE 102 ASIA PACIFIC: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 103 ASIA PACIFIC: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 104 ASIA PACIFIC: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 105 ASIA PACIFIC: QUANTUM CASCADE LASER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
     10.5 ROW 
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Increasing biological and chemical warfare threats
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Increasing demand in gas spectroscopy and monitoring
             10.5.3 ROW: RECESSION IMPACT
                        TABLE 106 ROW: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 107 ROW: QUANTUM CASCADE LASER MARKET, BY FABRICATION TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 108 ROW: QUANTUM CASCADE LASER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 109 ROW: QUANTUM CASCADE LASER MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 132)
     11.1 OVERVIEW 
     11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 110 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP QUANTUM CASCADE LASER MANUFACTURERS
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 ORGANIC/INORGANIC GROWTH STRATEGIES
     11.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 111 DEGREE OF COMPETITION
     11.4 REVENUE ANALYSIS, 2018–2022 
             FIGURE 44 QUANTUM CASCADE LASER MARKET: REVENUE ANALYSIS, 2018–2022
     11.5 COMPANY EVALUATION MATRIX, 2022 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 45 QUANTUM CASCADE LASER MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 112 COMPANY FOOTPRINT
             TABLE 113 FABRICATION TECHNOLOGY: COMPANY FOOTPRINT
             TABLE 114 END USER: COMPANY FOOTPRINT
             TABLE 115 REGION: COMPANY FOOTPRINT
     11.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 46 QUANTUM CASCADE LASER MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
     11.8 KEY STARTUPS/SMES 
             TABLE 116 QUANTUM CASCADE LASER MARKET: LIST OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIOS AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
                        TABLE 117 QUANTUM CASCADE LASER MARKET: PRODUCT LAUNCHES, 2020–2023
             11.9.2 DEALS
                        TABLE 118 QUANTUM CASCADE LASER MARKET: DEALS, 2020–2023
 
12 COMPANY PROFILES (Page No. - 147)
(Business Overview, Products/Services/Solutions offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     12.1 KEY PLAYERS 
             12.1.1 THORLABS, INC.
                        TABLE 119 THORLABS, INC.: COMPANY OVERVIEW
                        TABLE 120 THORLABS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 121 THORLABS, INC.: PRODUCT LAUNCHES
                        TABLE 122 THORLABS, INC.: DEALS
             12.1.2 HAMAMATSU PHOTONICS K.K.
                        TABLE 123 HAMAMATSU PHOTONICS K.K.: COMPANY OVERVIEW
                        FIGURE 47 HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT
                        TABLE 124 HAMAMATSU PHOTONICS K.K.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 125 HAMAMATSU PHOTONICS K.K.: PRODUCT LAUNCHES
             12.1.3 MIRSENSE
                        TABLE 126 MIRSENSE: COMPANY OVERVIEW
                        TABLE 127 MIRSENSE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 128 MIRSENSE: PRODUCT LAUNCHES
                        TABLE 129 MIRSENSE: DEALS
             12.1.4 BLOCK ENGINEERING
                        TABLE 130 BLOCK ENGINEERING: COMPANY OVERVIEW
                        TABLE 131 BLOCK ENGINEERING: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 132 BLOCK ENGINEERING: DEALS
             12.1.5 WAVELENGTH ELECTRONICS, INC.
                        TABLE 133 WAVELENGTH ELECTRONICS, INC.: COMPANY OVERVIEW
                        TABLE 134 WAVELENGTH ELECTRONICS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 135 WAVELENGTH ELECTRONICS, INC.: PRODUCT LAUNCHES
             12.1.6 DAYLIGHT SOLUTIONS
                        TABLE 136 DAYLIGHT SOLUTIONS.: COMPANY OVERVIEW
                        TABLE 137 DAYLIGHT SOLUTIONS.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 138 DAYLIGHT SOLUTIONS: DEALS
             12.1.7 ALPES LASERS
                        TABLE 139 ALPES LASERS: COMPANY OVERVIEW
                        TABLE 140 ALPES LASERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.8 NANOPLUS NANOSYSTEMS AND TECHNOLOGIES GMBH
                        TABLE 141 NANOPLUS NANOSYSTEMS AND TECHNOLOGIES GMBH: COMPANY OVERVIEW
                        TABLE 142 NANOPLUS NANOSYSTEMS AND TECHNOLOGIES GMBH: PRODUCTS OFFERED
             12.1.9 AKELA LASER CORPORATION
                        TABLE 143 AKELA LASER CORPORATION: COMPANY OVERVIEW
                        TABLE 144 AKELA LASER CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 LASERMAXDEFENSE
             12.2.2 PICARRO, INC.
             12.2.3 AERODYNE RESEARCH, INC.
             12.2.4 POWER TECHNOLOGIES
             12.2.5 MG OPTICAL SOLUTIONS GMBH
             12.2.6 SACHER LASERTECHNIK
             12.2.7 ADTECH OPTICS
             12.2.8 LONGWAVE PHOTONICS LLC
             12.2.9 ELUXI LTD
             12.2.10 PRANALYTICA
             12.2.11 FRANKFURT LASER COMPANY
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 175)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

 

The study involved four major activities in estimating the size of the Quantum Cascade Laser market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering QCLs have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been mainly conducted to obtain critical information about the value chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market-and technology-oriented perspectives. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the QCL market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: Americas, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Quantum Cascade Laser Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the Quantum Cascade Laser Market.

  • Identifying the types of QCLs and their penetration in different applications
  • Analyzing the penetration of each type of QCL through secondary and primary research
  • Identifying the ASP of different types of QCLs for the respective applications by conducting multiple discussion sessions with key opinion leaders to understand the detailed working of QCLs and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, and operation managers, and finally with MarketsandMarkets’ domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Quantum Cascade Laser Market Size, and Bottom-up Approach

The top-down approach has been used to estimate and validate the total size of the Quantum Cascade Laser Market.

  • Focusing on the expenditures being made in the ecosystem by QCL manufacturers
  • Splitting the market by fabrication technology, operation mode, packaging type, end-user industry, and region, and listing the key developments
  • Identifying all leading players and end users in the QCL market based on fabrication technology, operation mode, packaging type, and end-user industry through secondary research and verifying them through a brief discussion with industry experts
  • Analyzing revenues, product mix, and geographic presence of all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify the key growth pockets across all segments
  • Breaking down the total market size based on verified splits and key growth pockets across all segments

Quantum Cascade Laser Market Size, and Top-down Approach

Data Triangulation

After arriving at the overall size of the Quantum Cascade Laser market from the estimation process explained earlier, the global market was split into several segments and subsegments. Where applicable, data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.

Market Definition

Quantum cascade lasers emit light in mid to far-infrared portions of the electromagnetic spectrum. They differ from other semiconductor diode lasers in their fundamental structure. These lasers are unipolar and rely only on electrons for their progression. Quantum cascade lasers are used in spectroscopy, free-space communication, breath analysis, and missile countermeasure applications. The market research study includes only QCL-based products, modules, and chips. It does not include any other type of semiconductor laser, fiber laser, and carbon dioxide (CO2) laser. The scope of the study includes different fabrication technologies, operation modes, packaging types, and end users of quantum cascade lasers as well as regions wherein they are used.

Key Stakeholders

  • Brand Product Manufacturers/Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs)
  • Quantum Cascade Laser (QCL) Product Manufacturers
  • Semiconductor Component Suppliers/Foundries
  • Quantum Cascade Laser (QCL) Material and Component Suppliers
  • Manufacturing Equipment Suppliers
  • System Integrators
  • Technology/IP Developers
  • Consulting and Market Research Service Providers
  • Quantum Cascade Laser (QCL) and Material-related Associations, Organizations, Forums, and Alliances
  • Venture Capitalists and Startups
  • Research and Educational Institutes
  • Distributors and Resellers
  • End Users

Report Objectives

  • To define, describe, and forecast the size of the market, by fabrication technology, operation mode, packaging type, and end-user industry.
  • To describe and forecast the market size, by region, for North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value.
  • To analyze the emerging application/use cases in the QCL market.
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide Porter’s five forces analysis along with the technology and the market roadmaps for the QCL market
  • To describe the ecosystem/value chain of the QCL market consisting of material and component suppliers, driver IC suppliers, manufacturing equipment suppliers, manufacturers, and brand product manufacturers.
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape for the market players.
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies.
  • To analyze competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments in the market.

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 5169
Published ON
Jul, 2023
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