Press release
High Demand from Defense Sector Boosts Mid-infrared Lasers Market
A new market intelligence study by Transparency Market Research presents a detailed overview of the global mid-infrared lasers market. The report is titled “Mid-Infrared Lasers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report provides a comprehensive analysis of the growth drivers, factors challenging growth, trends, innovations, and projections of the market for the period from 2015 to 2023.Mid-infrared lasers produce beams that have a wavelength ranging from 3 μm to 8 μm. These lasers are in high demand due to their use in a variety of applications such as pumping optical parametric oscillators, polymer processing, free space communication, laser scalpel, plastic processing, spectroscopy, and non-invasive medical diagnosis. Moreover, mid-infrared lasers are being used for various defense related applications such as eyesafe seekers for smart munitions, covert communication systems, counter measures, and stand-off detection of explosion hazards.
Compactness and robustness of mid-infrared lasers as a result of technological developments are expected to boost the market. On the other hand, mid-infrared lasers, sensors, and imagers require cryogenic cooling for operation, increasing their price, size, and cost. This may hamper the growth of the global mid-infrared lasers market. High initial cost and maintenance cost will also hinder the adoption of mid-infrared lasers. The availability and high cost of fiber cable have also become major challenges for the vendors operating in the mid-infrared lasers market.
The development of mid-infrared lasers that can operate at room temperature and which do not require a dedicated cooling unit, is expected to open new opportunities and have a huge potential in the global mid-infrared lasers market. The extensive research and development carried out for the improvement in the quality of mid-infrared lasers is also expected to impact the market positively.
The report segments the global mid-infrared lasers market on the basis of end use industry, type, and geography. On the basis of application, the global mid-infrared lasers market is segmented into R&D, medical applications, infrared countermeasures systems, materials processing applications, spectroscopy and sensing applications, and production of illuminators. In terms of end use, military, aviation, and healthcare sectors are the industries where mid-infrared lasers are commonly used. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World. Of these, North America is the largest market for mid-infrared lasers, followed by Europe.
The report profiles leading operators in the mid-infrared lasers industry such as Quantronix Corporation, FEMTOLASERS Productions GmbH, IMRA America, Inc., VENTEON Laser Technologies GmbH, Spectra-Physics, EKSPLA, Amplitude Systems, and Rofin-Baasel UK Ltd.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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