Mid-ir lasers growing four times faster than total laser market, according to Strategies Unlimited
The mid-IR laser market is relatively small when compared to the total laser market, but it is growing almost four times faster than the laser market as a whole.
Mountain View, CA / May 8, 2014 —The mid-IR laser market is relatively small when compared to the total laser market, but it is growing almost four times faster than the laser market as a whole. This growth is driven by technological innovation and makes the mid-IR laser market one of the more dynamic and exciting laser markets to follow.
The mid-IR laser segment, broadly defined as the spectrum that lies between the near-IR and far-IR segments, now accounts for more than a billion dollars of laser revenue per year. This segment, not including CO2 lasers used for material processing, covers a wide-range of mid-IR laser applications ranging from military to sensing to medical, which feature revenue growth at almost 20% per year.
Although the mid-IR laser segment is a smaller market overall, it has many interesting technology applications. Many mid-IR lasers, imagers, and sensors require cryogenic cooling to operate, which greatly increases their cost, weight, and size. In addition, producing fiber cable that can transport light at wavelengths longer than 2 µm is very expensive, so fiber-delivery of mid-IR lasers remains quite rare. This fact has hurt the market for materials processing using CO2 lasers because its close competitor, the fiber laser, delivers its energy via a fiber.
In the last five years, mid-IR lasers, mid-IR capable fiber, and mid-IR sensors and imagers have all greatly improved. Most of these devices now operate at room temperature, their size and weight have been greatly reduced, and their price has gone down. This has opened up a range of applications that were not possible just a few years ago.
One example of this is mid-IR QCL systems. QCLs have achieved a price and performance level that is increasingly attractive for applications ranging from military IRCM systems to spectroscopy, including a wide range of medical, scientific, research, security, and pollution monitoring applications.
This report explores the market for mid-IR lasers and mid-IR applications in materials processing, medical, sensing, infrared counter measures, illuminators, and R&D. Each section includes laser units and revenue forecasts for 2012 to 2017, with some sections also including a breakdown by mid-IR laser types. In addition, this report contains a listing of mid-IR laser, sensor, and imaging suppliers.
About Strategies Unlimited
Strategies Unlimited, a division of PennWell Corporation, is the world leader in market research in LEDs and lighting, lasers and photonics devices, and beyond. With a unique blend of in-depth historical market knowledge and technological expertise, Strategies Unlimited produces highly detailed market reports, custom studies, and provides consulting services. Additionally, Strategies Unlimited presents industry events, including the Strategies in Light series and The LED Show, to large audiences worldwide. For additional information about Strategies Unlimited, visit www.strategies-u.com.
About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China. For additional information about PennWell Corporation, visit www.pennwell.com.