The global Mid-infrared Lasers market gathered revenue around USD 2.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 11% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 2.0 Billion by 2027 |
| Growth Rate | CAGR of 11% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Wavelength, Type, Application, End-use Industry,and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Hamamatsu Photonics Kk, Thermo Fisher Scientific Inc., Boston Electronics Corporation, Genia Photonics Inc, IMRA America Inc, IPG PHOTONICS CORPORATION, Photonics Industries International Inc , Alpes Lasers S.A, AMS Technologies AG, Menlo Systems GmbH, Sacher Lasertechnik Group, and Soliton Laser- und Messtechnik GmbH |
The market is driven by different factors such as increasing demand for mid IR laser-based devices across various end-use industries such as aerospace & defense and research & development among others, and increased demand from healthcare, environment monitoring, and communication sectors.
Factors such as rising demand from health care, environment monitoring & communication sectors and various advancements in the technology sector are propelling the market growth. However, due to the use of cryogenics in their cooling operations, the weight of IR lasers becomes quite heavy and this is limiting the market growth. In the future, increase in implementation of mid IR lasers in the health care sector is predicted to propel demand for them.
Mid infrared rays are electromagnetic radiations in the non visible spectrum of white light, which range from 5 to (25-40) microns. Lasers in this range are used for eye treatments, which release radiations that are safe for eyes, where light is largely absorbed by the cornea and lens, without reaching the retina. Therefore, the mid infrared light amplification by stimulated emission of radiation is the type of laser that operates in the infrared region concentrating light at a single point.
Amongst End User, Healthcare segment accounted held significant market share during the forecast period. Usage of mid-IR laser in dentistry is one of the most popular applications. In addition, the traditional surgery for removing tissues is now being replaced by laser surgery. It helps to reduce scars on the tissues.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Mid-infrared Lasers market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Mid-infrared Lasers market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Mid-infrared Lasers market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Mid-infrared Lasers Market: Dynamics
Geopolitical tensions have been increasing across the globe for the past few years. Therefore, countries are increasing their budgets to strengthen their military bases. The applications of mid-infrared laser in aerospace and defense sectors include countermeasure against heat sinking missiles, target illumination and designation, covert communications, lighting relevant to thermal vision, explosive bomb detection, and line of sight communication.
Moreover, mid-infrared laser spectroscopy provides a rapid, sensitive, and accurate method for detecting explosives. Therefore, the defense segment of the global mid-infrared lasers market is projected to expand significantly, in terms of revenue, as compared to that of any other end-use industry segment, during the forecast period.
Mid-IR spectrum and sources find major applications in defense and security in the form of explosive detection, nuclear and narcotic material detection, combat identification, precision marking and targeting, air, land, and naval countermeasures, and free-space communication. Moreover, mid-IR lasers are being deployed extensively in monitoring and detection of extraterrestrial bodies such as dark comets, dust warmed by starlight, planets, and asteroids, as these objects emit radiation in the mid-IR spectrum, thereby fueling the mid-IR laser market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Mid-infrared Lasers Market include: Hamamatsu Photonics Kk, Thermo Fisher Scientific Inc., Boston Electronics Corporation, Genia Photonics Inc, IMRA America Inc, IPG PHOTONICS CORPORATION, Photonics Industries International Inc , Alpes Lasers S.A, AMS Technologies AG, Menlo Systems GmbH, Sacher Lasertechnik Group, and Soliton Laser- und Messtechnik GmbH.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Mid-infrared Lasers Market: Segmentation
Mid-infrared Lasers Market, by Wavelength
Mid-infrared Lasers Market, by Type
Mid-infrared Lasers Market, by Application
Mid-infrared Lasers Market, by End-use Industry
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Mid-infrared Lasers market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Mid-infrared Lasers market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Mid-infrared Lasers markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Mid-infrared Lasers market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers