Report ID: SQMIG45J2248
Report ID:
SQMIG45J2248 |
Region:
Global |
Published Date: December, 2024
Pages:
194
|
Tables:
118 |
Figures:
71
Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to robust infrastructure of research and development, mounting industry applications, and growing funding and investments. North America holds a comparatively stronger network of universities and research institutes that are aimed at semiconductor and photonics technologies, thus fueling innovations. Growing demand in industries like telecommunications, defense, and healthcare further fuels the demand and adoption of quantum cascade lasers in spectroscopy and sensing applications. Major investments from private and government sectors are aiding improvements in quantum cascade lasers technology and its supply. The key players profiled in the region include Thorlabs, Block Engineering, Princeton Infrared Technologies, Emcore Corporation, Lumentum Operations LLC, Coherent Inc., and more.
Asia-Pacific is the fastest-growing region in the global quantum cascade laser market due to speedy industrialization, heavy investment in research and development, and the progressing electronics market. Progressing industries in Asia-Pacific, including electronics, telecommunications, and healthcare notably impacts the demand for improved technologies in lasers. Heavy investments by private and government sectors are driving technological improvements and modernizations in photonics. Moreover, progress of the electronics and semiconductor markets in nations like South Korea, Japan, and China improve the need for quantum cascade lasers in diverse applications. The regional growth is also impacted by growing applications in gas sensing, environmental monitoring, and medical diagnostics.
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Report ID: SQMIG45J2248