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Mid-infrared Lasers Market - Global Industry Analysis, Trends by 2021 - 2031

10-11-2022 06:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Companies in the mid-infrared lasers market are boosting their R&D in robust and powerful mid-IR hybrid fiber pumped solid state lasers to leverage incremental opportunities in non-metal processing, laser scalpel, and non-destructive inspection applications. Defense applications such as stand-off detection of explosion hazards, IR countermeasures, and covert communications are generating revenue opportunities for stakeholders. Manufacturers with proprietary capabilities are increasing the availability of low cost mid-IR hybrid lasers. Remote sensing applications are bolstering the demand for mid-IR hybrid lasers.

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The COVID-19 crisis has caused a slowdown in business activities of the mid-infrared lasers market. An overall poor market sentiment is affecting market growth. Stakeholders are increasing their focus on essential industries such as non-invasive medical diagnostics, defense, and chemical. They are increasing support for mission critical projects by maintaining robust supply of mid-infrared (mid-IR) lasers.

Since spectroscopy is one of the major applications of mid-infrared lasers, companies in the mid-infrared lasers market are increasing their focus in scientific applications, including quantum optics, non-linear optics, and silicon photonics, among others. These advanced applications are paving the future for exciting new laser discoveries that have the potential to be translated into real-world applications. Lasers are playing a key role in defense applications. Lasers in spectral windows can be propagated over long distances, thus enabling several applications in defense and in free-space communications.

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Preference for Mid-infrared Lasers for Research, Industrial Applications

The global mid-infrared lasers market is expected to advance at a robust CAGR of 11.4% during the forecast period. However, the mid-infrared spectral region is still unfamiliar for most laser users since only few lasers are commercially available in this wavelength range. Hence, manufacturers are introducing new compact and versatile mid-range lasers for breakthrough applications in science and healthcare settings. Femtum - a laser equipment supplier in Quebec City, Canada, is building its portfolio in mid-infrared lasers to unlock revenue opportunities in material processing, surgical procedures, and telecommunication applications.

Mid-infrared lasers are becoming increasingly attractive for use in research and industrial applications. Manufacturers in the mid-infrared lasers market are increasing the availability of lasers with fixed or tunable wavelengths in order to be utilized in applications such as infrared spectroscopy, environmental gas monitoring, and minimally invasive laser surgery, among others.

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Proprietary Capabilities Help Companies Manufacture Mid-IR Hybrid Lasers
Mid-infrared lasers are being used for sensing organic molecular fingerprints and defense related applications such as target designation and IR countermeasures. In order to gain a competitive edge over other manufacturers, companies in the mid-infrared lasers market are innovating in hybrid devices. IPG Photonics - a manufacturer of high-performance fiber lasers, amplifiers, and laser systems, is publicizing its mid-IR hybrid lasers that are compact and efficient for defense applications.

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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