Global Mid-IR Lasers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mid-IR Lasers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

IR lasers are propagated at the invisible wavelength of the light spectrum. IR's frequency is between visible light (near infrared) and microwave (far infrared). Infrared radiation has wavelengths between approximately 1 mm and 750 nm, spanning five orders of magnitude. Mid-wavelength infrared Wavelength range is in 2–20 µm.

Market Overview:

The latest research study on the global Mid-IR Lasers market finds that the global Mid-IR Lasers market reached a value of USD 865.81 million in 2022. It’s expected that the market will achieve USD 1731.07 million by 2028, exhibiting a CAGR of 12.24% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Mid-IR Lasers industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been hindered, production plans have been hindered and brand adjustments have been forced.

Economic rebound

Under the public background of the COVID-19 crisis, the industry is being affected by COVID-19. Historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in Economic rebound.

Industrial automation will further develop

The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.

Increasing Demand

Both developed and developing economies are increasing research and development expenditures in the aerospace and defense fields to enhance defense capabilities and adopt advanced countermeasures to protect defense infrastructure and threats from enemy. The increase in global terrorist activities has led to an increase in military spending. This is expected to drive the Mid-IR laser market because these lasers are very useful in various military applications, especially in bomb detection. It is expected that the demand for Mid-IR laser-based equipment in various end-use applications (such as aerospace and defense, research and development, etc.) will continue to grow, which will promote the development of the Mid-IR laser market. The demand for Mid-IR lasers in the field of environmental monitoring and communications also has been increasing. Rapid technological developments in the fields of chemistry and environmental research are expected to drive the demand for Mid-IR lasers in the near future.
In addition, in terms of applications, Medical Care is also one of the rapidly expanding fields. The use of Mid-IR lasers in dentistry is one of the most popular applications. Moreover, traditional surgery to remove tissue is now replaced by laser surgery. Laser surgery helps minimize scars on the tissues. In the next few years, the adoption of Mid-IR lasers in the Medical Care industry is expected to drive demand for them.

Limiting factors of Mid-IR fiber laser

The limiting factors for the output power of Mid-IR fiber lasers are mainly the brightness of the laser pumping, fiber thermal damage and nonlinear effects. To increase the output power of Mid-IR fiber lasers, this problem needs to be further solved: the purification process should be improved to reduce glass and fiber optics loss. Mid-IR fibers mainly include fluoride fibers and sulfide fibers. However, compared with traditional silica fibers, fluoride and sulfide fibers still have a large gap in terms of high-quality purification of raw materials, large-scale preparation, and fiber drawing. This is the biggest obstacle restricting the practical application of Mid-IR luminescent rare earth-doped chalcogenide glass fiber. Since the preparation of high-purity Sulfur-based and fluorine-based glass and its fiber is still a difficult task, it is used as a Mid-IR fiber laser material at this time, it is desirable to increase the concentration of rare earth ions as much as possible to increase the gain per unit length of the fiber and increase the output power.

Region Overview:

In 2021, the share of the Mid-IR Lasers market in Asia Pacific stood at 43.46%.

Company Overview:

IPG Photonics is one of the major players operating in the Mid-IR Lasers market, holding a share of 15.73% in 2022.

IPG Photonics

IPG Photonics is the world leader in high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. IPG manufactures fiber lasers operating at 0.5 – 5 microns.

Northrop Grumman

Northrop Grumman is a global aerospace, defense and security company. The majority of its business is with the U.S. government, principally the Department of Defense and intelligence community. In addition, it delivers solutions to global and commercial customers.

Segmentation Overview:

By type, Mid-IR Fiber Lasers segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Medical Care, with a market share of 36.93% in 2021.

Key Companies in the global Mid-IR Lasers market covered in Chapter 3:

Cobolt
Block Engineering
Daylight Solutions
Novae laser
AMS Technologies AG
EKSPLA
IPG Photonics
NP Photonics
Femtum
Quantum Composers
Alpes Lasers
Northrop Grumman
M Squared Lasers
O/E Land
Genia Photonics
CNI
Thorlabs

In Chapter 4 and Chapter 14.2, on the basis of types, the Mid-IR Lasers market from 2018 to 2029 is primarily split into:

Mid-IR Fiber Lasers
Mid-IR Semiconductor Lasers
Mid-IR Solid-State Lasers
Mid-IR Supercontinuum Laser

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mid-IR Lasers market from 2018 to 2029 covers:

Medical Care
Environment & Energy
Military
Remote Sensing
Spectroscopy

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)