The global Quantum Cascade Lasers 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 market is expected to be driven by the gas sensing and chemical detection applications, and the growing demand for non-invasive medical diagnostics in the medical industry.

Market Dynamics

Drivers
• Usage in gas sensing and chemical detection
• Growing demand in medical applications
Restraints
• High cost of QCL products
Opportunities
• Opportunity of growth of QCLs usage in free-space communication
• Huge potential for growth in military applications
• Multiple gas sensing technique will add value to QCLs
Challenges
• Lack of commercialization and requirement of skilled labor force to develop QCL products

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The quantum cascade lasers (QCLs) have contributed significantly in gas spectroscopy applications. The other applications of QCLs, such as breath analyzers and infrared countermeasures in the military and defense sector, Differential Absorption LIDAR (DIAL), Laser Detection and Ranging (LADAR), are likely to further drive opportunities for the QCL market. The demand for a device that can operate in mid-infrared wavelength at room temperature and having advantages such as compact size, light weight, and low-power consuming diode lasers are driving the growth of the QCL market.

Industrial, medical, telecommunication, military and defense, and others are the key application areas of QCL. The industrial sector held the largest market size, followed by healthcare, in 2016. The market for the telecommunications industry is expected to witness the highest growth rate in the QCL market during the forecast period owing to the potential demand for QCLs in free-space communication.
The report analyzes the restraints and challenges faced by the QCL market, such as the high cost of QCL products. Some of the major players in this market are Block Engineering, Inc. (US), Wavelength Electronics, Inc. (US), Hamamatsu Photonics K.K. (Japan), Thorlabs, Inc. (US), Alpes lasers SA (Switzerland), mirSense (France), AdTech Optics (US), Pranalytica Inc. (US), AKELA Laser Corporation (US), and nanoplus Nanosystems and Technologies GmbH (Germany).

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