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Global Mid-Infrared Lasers Market: Registering 4X Higher Growth than Overall Laser Market

07-20-2016 03:57 PM CET | IT, New Media & Software

Press release from: TMR Research Reports

/ PR Agency: Transparency Market Research
The global mid-infrared lasers market is a small portion of the laser market on the whole. However, analysts have determined the growth of the market for mid-infrared lasers to be four times greater than that of the overall laser market. Continuous technological innovations in the field of mid-infrared lasers have driven this market to a significant extent and helped it emerge as a dynamic and lucrative laser market.

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At present, mid-infrared lasers are drawing immense attention owing to their usability in a variety of applications such as pumping optical parametric oscillators, noninvasive medical diagnosis, free space communications, laser scalpel, remote sensing, polymer and plastic processing, and spectroscopy. Apart from this, the emergence of various applications with the usage of mid-infrared lasers such as stand-off detection of explosion hazards, eyesafe seekers for smart munitions, covert communications systems, and countermeasures in the defense sector are stimulating the growth of the global mid-infrared lasers market.

High Initial Maintenance Cost to Hamper Market Growth

Though the mid-infrared lasers market is witnessing expansion in market size across the world, the high initial maintenance cost associated with equipment that applies mid-infrared lasers, due to its high technological sophistication, is expected to put barriers on the market’s growth prospects. Additionally, the expensive production of the fiber cable used to transport laser beams creates a major hindrance for the market players.

On the other hand, various research and development activities are being performed in order to come up with less expensive fiber cable for transmitting laser beams, which is likely to balance the issue of the high cost. The invention of mid-infrared laser devices that are able to function at room temperature and do not require a coolant presents extensive opportunity for the participants of the global mid-infrared lasers market.

North America: Leading Regional Mid-infrared Lasers Market

The global market for mid-infrared lasers is spread across North America, Europe, Asia Pacific, and the Rest of the World. In terms of revenue, North America is leading the global market and is followed by Europe.

Nonlinear source lasers, mid-infrared solid-state lasers, free-election lasers, parametric amplification, fabry-perot laser, semiconductor lasers, quantum cascade lasers, thin-disk lasers, lead-salt diode lasers, optically pumped semiconductor lasers, and diode lasers based on GaSB are the main product segments of the global mid-infrared lasers market.

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Mid-infrared lasers find their application mainly in medical procedures, spectroscopy and sensors, infrared countermeasures systems, and the production of illuminators. Several industries such as healthcare, military, and aviation the key end users of these lasers.

Global Mid-Infrared Lasers Market: Driven by Stiff Competition among Players

The global market for mid-infrared lasers is highly fragmented owing to extreme compaction among international and local players. Technical advancements has become the key to success among the mid-infrared lasers market participants.

IMRA America Inc., Spectra-Physics, Amplitude Systems, FEMTOLASERS Produktions GmbH, Ekspla, Time-Bandwidth Products AG, Menlo Systems GmbH, Toptica Photonics AG, Rofin-Baasel UK Ltd., Fianium Ltd., RP Photonics Consulting GmbH, Laser Quantum UK, Avesta Project Ltd., Venteon Laser Technologies GmbH, and Quantronix Corp. are the major players operating in the global mid-infrared lasers market.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

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