How big is the Quantum Cascade Lasers Market?

The Quantum Cascade Lasers Market size is expected to reach USD 415.36 billion in 2024 and grow at a CAGR of 4.40% to reach USD 514.28 billion by 2029. Read More

What is the current Quantum Cascade Lasers Market size?

In 2024, the Quantum Cascade Lasers Market size is expected to reach USD 415.36 billion. Read More

Who are the key players in Quantum Cascade Lasers Market?

Hamamatsu Photonics KK, Thorlabs Inc., Adtech Optics Inc., Mirsense SAS and Leonardo Drs Inc. are the major companies operating in the Quantum Cascade Lasers Market. Read More

Which is the fastest growing region in Quantum Cascade Lasers Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Quantum Cascade Lasers Market?

In 2024, the Asia Pacific accounts for the largest market share in Quantum Cascade Lasers Market. Read More

What years does this Quantum Cascade Lasers Market cover, and what was the market size in 2023?

In 2023, the Quantum Cascade Lasers Market size was estimated at USD 397.08 billion. The report covers the Quantum Cascade Lasers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Quantum Cascade Lasers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Quantum Cascade Laser Market - Share, Size & Industry Analysis

Quantum Cascade Laser Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Quantum Cascade Lasers Market Report is Segmented by Type (Fabry-Perot Lasers, Distributed Feedback Lasers, External Cavity Lasers, Extended Tuning Devices), Operation (Continuous Wave, Pulsed Wave), End-User Industry (Industrial, Medical, Military & Defense, Telecommunication, Food & Beverages, and Other End-User Industries) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Quantum Cascade Lasers Industry Overview

The quantum cascade laser market is characterized by its varied landscape, which includes global corporations and small and medium-sized businesses. Key participants in this market encompass Hamamatsu Photonics KK, Thorlabs Inc., Adtech Optics Inc., Mirsense SAS, and Leonardo Drs Inc. These companies are engaging in strategies like forming partnerships and pursuing acquisitions to bolster their product line and secure a lasting competitive edge.

January 2024 - Thorlabs and IRsweep entered a Licensing and Technology Transfer Agreement (TTA) to extend the Mid-IR spectral sensing platform developed into new applications. Thorlabs will take advantage of Irsweep’s patented QCL-based DFM-Comb spectroscopy instruments to create a high-performance sensing platform that combines the power of conventional broadband spectrum with the flexibility of tunable laser spectrum into a single device. This new tool will allow Thorlabs to provide a powerful solution for various applications, such as gas detection, environmental monitoring, and chemical analysis.
October 2023 - Block Engineering released its next generation of compact quantum cascade lasers. The new QCLs claim to offer a six-fold increase in laser power, orders of magnitude better thermal and temporal stability, and minimal electronics with unique pulse design capabilities. The company's sQCL is a compact laser module that can be tuned across a 2-3 micron wavelength range within a more significant 5.4 to 12.8 micron span.