Global Mid-infrared Lasers Market to Reach $2.1 Billion by 2030
The global market for Mid-infrared Lasers estimated at US$1.1 Billion in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 9.8% over the analysis period 2023-2030. Spectroscopy Application, one of the segments analyzed in the report, is expected to record a 10.8% CAGR and reach US$815.8 Million by the end of the analysis period. Growth in the Remote Sensing Application segment is estimated at 9.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $307 Million, While China is Forecast to Grow at 13.1% CAGR
The Mid-infrared Lasers market in the U.S. is estimated at US$307 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$420.4 Million by the year 2030 trailing a CAGR of 13.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$332 Million by the year 2030.
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