Quantum Cascade Laser Market Size Worth USD 451.3 Million by 2027 | CAGR of 3.8%: Emergen Research

Quantum Cascade Laser Market Size Worth USD 451.3 Million by 2027 | CAGR of 3.8%: Emergen Research

PR Newswire

VANCOUVER, B.C, Oct. 1, 2020

- An increasing application of Quantum Cascade Lasers in chemical and gas sensing is driving the market demand

- Market Size – USD 335.2 Million in 2019, Market Growth - CAGR of 3.8%, Market trends – Growing usage in healthcare sectors

VANCOUVER, B.C, Oct. 1, 2020 /PRNewswire/ -- The Global Quantum Cascade Laser (QCL) Market is expected to reach USD 451.3 Billion by 2027, according to a new report by Emergen Research. Quantum cascade laser finds its application in free-space communication, spectroscopy, and missile countermeasures. The rise in demand for lightweight, compact, and low-power consuming devices that have the ability to operate at room temperature in mid-infrared wavelength will propel the demand for the market.

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elec finds abundant applications in the development of advanced innovative healthcare equipment. QCL infrared spectroscopic imaging is used to identify tissue in real-time. This is particularly helpful in liver biopsy. QCL is also used to develop a device for breath analysis. The market technology is also used in the trace-gas analysis for explosives detection, industrial process control, and environmental monitoring, among others.

Another important factor driving the adoption of the product is its application in chemical detection and gas sensing in the military and defense industry. An increase in the expenditure on the defense sector will facilitate a high level of research and development for efficient technologies.

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Key Highlights From The Report

To get leading market solutions, visit the link below:
https://www.emergenresearch.com/industry-report/quantum-cascade-laser-market

For the purpose of this report, Emergen Research has segmented into the Global Quantum Cascade Laser (QCL) Market on the basis of fabrication technology, packaging type, mode of operation, end-user, and region:

Fabrication Technology Outlook (Revenue, USD Billion; 2017-2027)

Packaging Type Outlook (Revenue, USD Billion; 2017-2027)

Mode of Operation Outlook (Revenue, USD Billion; 2017-2027)

End-User Outlook (Revenue, USD Billion; 2017-2027)

Regional Outlook (Revenue, USD Billion; 2017-2027)

  1. U.S.
  2. Canada
  1. Germany
  2. U.K.
  3. France
  4. Benelux
  5. Rest of Europe
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
  1. Brazil
  2. Rest of LATAM
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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