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.
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
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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)
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