Mid-infrared Lasers Market
Mid-infrared Lasers Market (Wavelength - Tunable, Fixed, Broadband; Type - Non-linear Frequency, Solid State, Semiconductor, Gas, Free Electron Based; Application - Spectroscopy, Remote Sensing, Free Space Communication, Laser Scalpels, Non- invasive Medical Diagnostics; End use Industry - Aerospace and Defense, Health Care, Chemical, Research) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Category : Electronics & Semiconductors
- Format :
Press Release :
Mid- infrared Lasers Market: Snapshot
Mid-infrared spectrum and sources find major applications in the field of defense and security in explosive detection; nuclear and narcotic material detection; combat identification; precision marking; targeting air, land, and naval countermeasures; and free space communication among others globally. Developed as well as developing economies are increasing research and development spending on aerospace and defense to strengthen defense capabilities and incorporate advanced counter measures to safeguard defense infrastructure and vessels from enemy threats. This is anticipated to drive the mid-infrared lasers market during the forecast period, as they offer superior solutions in defense and aerospace applications. The mid-infrared lasers market is expected to reach US$ 1763.0 Mn in 2026, expanding at a CAGR of 11.4% during the forecast period.
Demand for mid-infrared lasers has been increasing from the health care, environmental monitoring, and communication sectors. In recent times, there has been a rise in demand for laser-spectroscopic systems in laboratories for various applications in areas ranging from environmental and industrial to medical and forensic fields. Additionally, increasing demand for mid IR laser-based devices across various end-use application sectors such as aerospace & defense and research & development among others is projected to boost the mid-infrared lasers market. Mid-IR laser technology is not fully developed, and its applications are still in the research stage. The scope of research includes spectroscopy, environmental sensing, life sciences, free space communication, and medical diagnostics. Rise in terrorism activities around the globe has led to increased military spending. This is expected to drive the mid-IR laser market as these lasers are very useful in various military applications, particularly in bomb detection. Further more, health care is also one of the rapidly expanding segments in terms of application. Use of mid-IR laser in dentistry is one of the most popular applications. Moreover, the traditional surgery for removing tissues is now being replaced by laser surgery. Laser surgery helps to minimize scars on the tissues. In the coming years, rise in adoption of mid IR lasers in the health care industry is anticipated to propel demand for them. Mid-infrared (MIR) spectroscopy is a dominant tool for chemical sensing applications. As a result, MIR spectroscopy is widely used in industrial and environmental monitoring as well as medical and biochemical diagnostics. Rapid technological developments in the field of chemical and environmental research are expected to drive demand for mid infrared lasers in the near future.
The global mid IR lasers market is fragmented, with a large number of companies operating in it. Leading players are currently focusing on providing technologically enhanced products to customers. Increasing demand for mid –IR laser based devices and decreasing cost in the long run are expected to encourage various investors to invest in this new technology. Moreover, as part of their strategy, companies are engaging in various strategic partnerships and acquisitions and are focusing on expanding their businesses through new service additions and geographical presence.
Prominent players as identified in the mid IR lasers market and profiled in the study include Hamamatsu Photonics Kk, IPG Photonics Corp, Photonics Industries International Inc, Genia Photonics Inc, Block Engineering, Alpes Lasers S.A, AMS Technologies AG, Boston Electronics Corporation, ELUXI Ltd, EQ Photonics Gmbh, Genia Photonics, Physical Sciences Inc, Polaronyx Laser, Power Technology Inc, Powerlase Photonics, Pranalytica Inc, Quanta System Spa, Sacher Lasertechnik Group, SOLAR Laser Systems, Soliton Laser- und Messtechnik GmbH, Spectra-Physics, and ThermoFisher Scientific Inc. Companies are focusing on expanding their businesses through strategic acquisitions and partnerships with several end-use industries.
Heightening Applications across Various End-Users to Increase the Growth Rate of the Mid-Infrared Lasers Market
The increasing demand for mid-infrared lasers across diverse applications mainly healthcare, research, aerospace, defense, chemical, and others will bring extensive growth opportunities for the global mid-infrared lasers market during the assessment period of 2018-2026.
- The escalating number of terrorism activities has led the governments of various countries to spend extensively on the military. Technological advancements have increased exponentially. The growing influence of technology across the mid-infrared lasers market will further invite considerable growth opportunities.
- The properties of mid-infrared lasers such as robustness and compactness will add extra stars of growth. Other beneficial properties will also invite considerable growth. The ongoing research and development activities by the players in the mid-infrared lasers market will also invite promising growth. Strategic collaborations such as mergers, acquisitions, and joint ventures will help in increasing the influence of the players, eventually increasing the growth rate.
- The healthcare industry is observing phenomenal growth over the years. The heightening use of mid-infrared lasers across the dentistry sector will serve as growth multipliers. Traditional surgeries are being replaced by laser surgeries for scar-minimization. Thus, all these aspects prove to be growth generators. Escalating investments by various firms and conglomerates are also helping in increasing the growth rate.
- The coronavirus outbreak has led to a change in growth projections across many industries and sectors worldwide. The mid-infrared lasers market is no exception. The closure of manufacturing facilities and production units led to a decline in production and the demand for mid-infrared lasers. The border restrictions also led to immense losses. They resulted in disruptions in logistics and supply chain disruptions.
- However, the relaxations introduced by numerous countries may help in reviving the growth of the mid-infrared lasers market. The resuming of operations has further improved the growth prospects. The post-lockdown era will be a deciding factor in terms of the growth of the mid-infrared lasers market.
Mid- infrared Lasers Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the mid-infrared lasers market at the global and regional level. The report provides an analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in mid-infrared lasers market wxpansion between 2018 and 2026. It also focuses on restraining factors, market drivers, and opportunities of the mid-infrared lasers market during the said period. The study provides a complete perspective about the mid-infrared lasers market’s expansion throughout the forecast period in terms of value (in US$ Mn) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.
The report includes detailed value chain analysis, which is focused on providing a widespread view of the global mid-infrared lasers market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global mid-infrared lasers market. The study incorporates the mid-infrared lasers market’s attractiveness analysis, wherein the market segments by wavelength type, type, application, and end-use industry are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to provide a complete analysis of the overall competitive scenario in the mid-infrared lasers market, every geographic region mentioned in the report has been provided with attractiveness analysis.
The market overview chapter of the mid-infrared lasers market report explains the market trends and dynamics, which include the market restraining factors, drivers, and opportunities for the current and future mid-infrared lasers market. A global market outlook analysis has also been provided in the report. Additionally, the report also provides an analysis of different business strategies adopted by market leaders. The market introduction chapter assists in gaining an idea of different trends and services related to mid IR lasers along with their wavelength types, types, end-use industries, and applications.
Global Mid Infrared Lasers Market: Scope of the Report
The study provides a decisive view on the global mid infrared lasers market by segmenting the market based on wavelength type into tunable, fixed, and broadband. In terms of type, the mid-infrared laser market has been categorized into non-linear frequency, solid state, semiconductor, gas, free electron based, and others. byBased on end-use industry, the market can be classified into defense and aerospace, health care, chemical, research, and others. In terms of application, the market can be divided into spectroscopy, remote sensing, free space communication, laser scalpels, and non-invasive medical diagnostics. The report provides a detailed region wise breakdown of the mid-infrared lasers market and categorizes it at various levels, thus providing valuable insights at the micro and macro levels.
The report highlights the competitive scenario within the mid-infrared lasers market, ranking all the major players according to key recent developments and their geographic presence. The insights for the mid-infrared lasers market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
The market in North America market is further divided into the U.S., Canada, and the Rest of North America. Furthermore, the market in Europe is analyzed across France, Germany, the U.K., and the Rest of Europe. The mid-infrared lasers market in Asia Pacific is further segmented at the country level into China, Japan, India, South Korea, and Rest of Asia Pacific. The Middle East & Africa region covers the GCC Countries, South Africa, and Rest of Middle East & Africa. The South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the mid-infrared lasers market along with its wavelength types, types, applications, and end-use industries. Also, the report provides insights related to the wavelength types, types, applications, and different end-use industires according to various geographical regions mentioned above.
Global Mid-infrared Lasers Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the mid infrared lasers market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Mid-infrared Lasers Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global mid-infrared lasers market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investment and spending on mid-infrared lasers and developments by major market players are tracked. Some of the key players operating in the mid-infrared lasers market are Hamamatsu Photonics Kk, IPG Photonics Corp, Photonics Industries International Inc, Genia Photonics Inc, Block Engineering, Alpes Lasers S.A, AMS Technologies AG, Boston Electronics Corporation, ELUXI Ltd, EQ Photonics Gmbh, Genia Photonics, Physical Sciences Inc, Polaronyx Laser, Power Technology Inc, Powerlase Photonics, Pranalytica Inc, Quanta System Spa, Sacher Lasertechnik Group, SOLAR Laser Systems, Soliton Laser- und Messtechnik GmbH, Spectra-Physics, and ThermoFisher Scientific Inc. among others.
The global mid-infrared lasers market has been segmented as follows:
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