Global Quantum Cascade Laser (QCL) Market 2021-2031 by Fabrication Technology (Fabry–Perot, Distributed Feedback, Tunable External Cavities), Operation Mode (Continuous Wave, Pulsed), Packaging Type (C-Mount, HHL & VHL, TO3), Industry Vertical, and Region: Trend Forecast and Growth Opportunity

Bonafide Trust 30-11-2022 149 Pages Figures : 73 Tables : 79
Region : Global Category : IT & Telecommunications Technology

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Global quantum cascade laser (QCL) market will reach $597.2 million by 2031, growing by 4.2% annually over 2021-2031, driven by the increasing the use of quantum cascade lasers in gas sensing and chemical detection applications, and growing demand for quantum cascade lasers in healthcare and other industrial applications. Highlighted with 79 tables and 73 figures, this 149-page report “Global Quantum Cascade Laser (QCL) Market 2021-2031 by Fabrication Technology (Fabry–Perot, Distributed Feedback, Tunable External Cavities), Operation Mode (Continuous Wave, Pulsed), Packaging Type (C-Mount, HHL & VHL, TO3), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global quantum cascade laser (QCL) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global quantum cascade laser (QCL) market in every aspect of the classification from perspectives of Fabrication Technology, Operation Mode, Packaging Type, Industry Vertical, and Region. Based on Fabrication Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Fabry–Perot (FP) Lasers • Distributed Feedback (DFB) Lasers • Tunable External Cavities (TEC) Lasers Based on Operation Mode, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Continuous Wave Mode • Pulsed Mode By Packaging Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • C-Mount Package • HHL & VHL Package • TO3 Package By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Industrial • Healthcare • Telecommunication • Military & Defense • Research & Development • Other Verticals Geographically, the following regions together with the listed national/local markets are fully investigated: • North America (U.S., Canada, and Mexico) • Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE?Saudi Arabia? South Africa and Rest of MEA) For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Fabrication Technology, Operation Mode and Industry Vertical over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: AdTech Optics Inc. Alpes Lasers S.A. Block Engineering LLC Boston Electronics Corporation DRS Daylight Solutions Inc. Emerson Electric Corporation Frankfurt Laser Company Hamamatsu Photonics K.K. mirSense SA Nanoplus Nanosystems and Technologies GmbH Pranalytica Inc. Thorlabs Inc. Wavelength Electronics Inc. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 9

1.1 Industry Definition and Research Scope 9

1.1.1 Industry Definition 9

1.1.2 Research Scope 10

1.2 Research Methodology 13

1.2.1 Overview of Market Research Methodology 13

1.2.2 Market Assumption 14

1.2.3 Secondary Data 14

1.2.4 Primary Data 14

1.2.5 Data Filtration and Model Design 15

1.2.6 Market Size/Share Estimation 16

1.2.7 Research Limitations 17

1.3 Executive Summary 18

2 Market Overview and Dynamics 20

2.1 Market Size and Forecast 20

2.1.1 Impact of COVID-19 on World Economy 21

2.1.2 Impact of COVID-19 on the Market 23

2.2 Major Growth Drivers 25

2.3 Market Restraints and Challenges 28

2.4 Emerging Opportunities and Market Trends 31

2.5 Porter’s Fiver Forces Analysis 35

3 Segmentation of Global Market by Fabrication Technology 39

3.1 Market Overview by Fabrication Technology 39

3.2 Fabry–Perot (FP) Lasers 41

3.3 Distributed Feedback (DFB) Lasers 42

3.4 Tunable External Cavities (TEC) Lasers 43

4 Segmentation of Global Market by Operation Mode 44

4.1 Market Overview by Operation Mode 44

4.2 Continuous Wave Mode 46

4.3 Pulsed Mode 47

5 Segmentation of Global Market by Packaging Type 48

5.1 Market Overview by Packaging Type 48

5.2 C-Mount Package 50

5.3 HHL & VHL Package 51

5.4 TO3 Package 52

6 Segmentation of Global Market by Industry Vertical 53

6.1 Market Overview by Industry Vertical 53

6.2 Industrial 55

6.3 Healthcare 56

6.4 Telecommunication 57

6.5 Military & Defense 58

6.6 Research & Development 59

6.7 Other Verticals 60

7 Segmentation of Global Market by Region 61

7.1 Geographic Market Overview 2021-2031 61

7.2 North America Market 2021-2031 by Country 65

7.2.1 Overview of North America Market 65

7.2.2 U.S. 69

7.2.3 Canada 72

7.2.4 Mexico 74

7.3 European Market 2021-2031 by Country 76

7.3.1 Overview of European Market 76

7.3.2 Germany 80

7.3.3 U.K. 82

7.3.4 France 84

7.3.5 Spain 86

7.3.6 Italy 88

7.3.7 Netherlands 90

7.3.8 Rest of European Market 92

7.4 Asia-Pacific Market 2021-2031 by Country 94

7.4.1 Overview of Asia-Pacific Market 94

7.4.2 Japan 98

7.4.3 China 101

7.4.4 Australia 103

7.4.5 India 105

7.4.6 South Korea 107

7.4.7 Rest of APAC Region 109

7.5 South America Market 2021-2031 by Country 111

7.5.1 Argentina 114

7.5.2 Brazil 116

7.5.3 Chile 118

7.5.4 Rest of South America Market 120

7.6 MEA Market 2021-2031 by Country 121

7.6.1 UAE 124

7.6.2 Saudi Arabia 126

7.6.3 South Africa 128

7.6.4 Other National Markets 130

8 Competitive Landscape 131

8.1 Overview of Key Vendors 131

8.2 New Product Launch, Partnership, Investment, and M&A 134

8.3 Company Profiles 135

AdTech Optics Inc. 135

Alpes Lasers S.A. 137

Block Engineering LLC 138

Boston Electronics Corporation 139

DRS Daylight Solutions Inc. 140

Emerson Electric Corporation 141

Frankfurt Laser Company 142

Hamamatsu Photonics K.K. 143

mirSense SA 144

Nanoplus Nanosystems and Technologies GmbH 145

Pranalytica Inc. 146

Thorlabs Inc. 147

Wavelength Electronics Inc. 148

RELATED REPORTS 149

List of Tables:

Table 1. Snapshot of Global Quantum Cascade Laser Market in Balanced Perspective, 2021-2031 19
Table 2. World Economic Outlook, 2021-2031 22
Table 3. Main Product Trends and Market Opportunities in Global Quantum Cascade Laser Market 31
Table 4. Global Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 39
Table 5. Global Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 44
Table 6. Global Quantum Cascade Laser Market by Packaging Type, 2021-2031, $ mn 48
Table 7. Global Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 53
Table 8. Global Quantum Cascade Laser Market by Region, 2021-2031, $ mn 62
Table 9. Leading National Quantum Cascade Laser Market, 2021 and 2031, $ mn 64
Table 10. North America Quantum Cascade Laser Market by Country, 2021-2031, $ mn 67
Table 11. U.S. Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 71
Table 12. U.S. Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 71
Table 13. U.S. Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 71
Table 14. Canada Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 73
Table 15. Canada Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 73
Table 16. Canada Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 73
Table 17. Mexico Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 75
Table 18. Mexico Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 75
Table 19. Mexico Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 75
Table 20. Europe Quantum Cascade Laser Market by Country, 2021-2031, $ mn 79
Table 21. Germany Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 81
Table 22. Germany Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 81
Table 23. Germany Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 81
Table 24. U.K. Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 83
Table 25. U.K. Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 83
Table 26. U.K. Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 83
Table 27. France Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 85
Table 28. France Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 85
Table 29. France Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 85
Table 30. Spain Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 87
Table 31. Spain Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 87
Table 32. Spain Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 87
Table 33. Italy Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 89
Table 34. Italy Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 89
Table 35. Italy Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 89
Table 36. Netherlands Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 91
Table 37. Netherlands Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 91
Table 38. Netherlands Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 91
Table 39. Quantum Cascade Laser Market in Rest of Europe by Country, 2021-2031, $ mn 93
Table 40. APAC Quantum Cascade Laser Market by Country, 2021-2031, $ mn 96
Table 41. Japan Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 100
Table 42. Japan Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 100
Table 43. Japan Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 100
Table 44. China Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 102
Table 45. China Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 102
Table 46. China Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 102
Table 47. Australia Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 104
Table 48. Australia Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 104
Table 49. Australia Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 104
Table 50. India Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 106
Table 51. India Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 106
Table 52. India Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 106
Table 53. South Korea Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 108
Table 54. South Korea Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 108
Table 55. South Korea Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 108
Table 56. Quantum Cascade Laser Market in Rest of APAC by Country/Region, 2021-2031, $ mn 110
Table 57. South America Quantum Cascade Laser Market by Country, 2021-2031, $ mn 113
Table 58. Argentina Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 115
Table 59. Argentina Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 115
Table 60. Argentina Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 115
Table 61. Brazil Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 117
Table 62. Brazil Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 117
Table 63. Brazil Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 117
Table 64. Chile Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 119
Table 65. Chile Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 119
Table 66. Chile Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 119
Table 67. MEA Quantum Cascade Laser Market by Country, 2021-2031, $ mn 123
Table 68. UAE Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 125
Table 69. UAE Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 125
Table 70. UAE Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 125
Table 71. Saudi Arabia Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 127
Table 72. Saudi Arabia Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 127
Table 73. Saudi Arabia Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 127
Table 74. South Africa Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, $ mn 129
Table 75. South Africa Quantum Cascade Laser Market by Operation Mode, 2021-2031, $ mn 129
Table 76. South Africa Quantum Cascade Laser Market by Industry Vertical, 2021-2031, $ mn 129
Table 77. AdTech Optics Inc.: Company Snapshot 135
Table 78. AdTech Optics Inc.: Business Segmentation 136
Table 79. AdTech Optics Inc.: Product Portfolio 136

List of Figures:

Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 18
Figure 4. Global Quantum Cascade Laser Market, 2021-2031, $ mn 20
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Global Quantum Cascade Laser Market 25
Figure 7. Primary Restraints and Impact Factors of Global Quantum Cascade Laser Market 28
Figure 8. Investment Opportunity Analysis 32
Figure 9. Porter’s Fiver Forces Analysis of Global Quantum Cascade Laser Market 35
Figure 10. Breakdown of Global Quantum Cascade Laser Market by Fabrication Technology, 2021-2031, % of Revenue 40
Figure 11. Global Addressable Market Cap in 2022-2031 by Fabrication Technology, Value ($ mn) and Share (%) 40
Figure 12. Global Quantum Cascade Laser Market by Fabrication Technology: Fabry–Perot (FP) Lasers, 2021-2031, $ mn 41
Figure 13. Global Quantum Cascade Laser Market by Fabrication Technology: Distributed Feedback (DFB) Lasers, 2021-2031, $ mn 42
Figure 14. Global Quantum Cascade Laser Market by Fabrication Technology: Tunable External Cavities (TEC) Lasers, 2021-2031, $ mn 43
Figure 15. Breakdown of Global Quantum Cascade Laser Market by Operation Mode, 2021-2031, % of Sales Revenue 45
Figure 16. Global Addressable Market Cap in 2022-2031 by Operation Mode, Value ($ mn) and Share (%) 45
Figure 17. Global Quantum Cascade Laser Market by Operation Mode: Continuous Wave Mode, 2021-2031, $ mn 46
Figure 18. Global Quantum Cascade Laser Market by Operation Mode: Pulsed Mode, 2021-2031, $ mn 47
Figure 19. Breakdown of Global Quantum Cascade Laser Market by Packaging Type, 2021-2031, % of Sales Revenue 49
Figure 20. Global Addressable Market Cap in 2022-2031 by Packaging Type, Value ($ mn) and Share (%) 49
Figure 21. Global Quantum Cascade Laser Market by Packaging Type: C-Mount Package, 2021-2031, $ mn 50
Figure 22. Global Quantum Cascade Laser Market by Packaging Type: HHL & VHL Package, 2021-2031, $ mn 51
Figure 23. Global Quantum Cascade Laser Market by Packaging Type: TO3 Package, 2021-2031, $ mn 52
Figure 24. Breakdown of Global Quantum Cascade Laser Market by Industry Vertical, 2021-2031, % of Revenue 54
Figure 25. Global Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 54
Figure 26. Global Quantum Cascade Laser Market by Industry Vertical: Industrial, 2021-2031, $ mn 55
Figure 27. Global Quantum Cascade Laser Market by Industry Vertical: Healthcare, 2021-2031, $ mn 56
Figure 28. Global Quantum Cascade Laser Market by Industry Vertical: Telecommunication, 2021-2031, $ mn 57
Figure 29. Global Quantum Cascade Laser Market by Industry Vertical: Military & Defense, 2021-2031, $ mn 58
Figure 30. Global Quantum Cascade Laser Market by Industry Vertical: Research & Development, 2021-2031, $ mn 59
Figure 31. Global Quantum Cascade Laser Market by Industry Vertical: Other Verticals, 2021-2031, $ mn 60
Figure 32. Global Market Snapshot by Region 61
Figure 33. Geographic Spread of Worldwide Quantum Cascade Laser Market, 2021-2031, % of Sales Revenue 62
Figure 34. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 63
Figure 35. North American Quantum Cascade Laser Market, 2021-2031, $ mn 66
Figure 36. Breakdown of North America Quantum Cascade Laser Market by Country, 2021 and 2031, % of Revenue 67
Figure 37. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 68
Figure 38. U.S. Quantum Cascade Laser Market, 2021-2031, $ mn 70
Figure 39. Canada Quantum Cascade Laser Market, 2021-2031, $ mn 72
Figure 40. Quantum Cascade Laser Market in Mexico, 2021-2031, $ mn 74
Figure 41. European Quantum Cascade Laser Market, 2021-2031, $ mn 77
Figure 42. Breakdown of European Quantum Cascade Laser Market by Country, 2021 and 2031, % of Revenue 78
Figure 43. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 79
Figure 44. Quantum Cascade Laser Market in Germany, 2021-2031, $ mn 80
Figure 45. Quantum Cascade Laser Market in U.K., 2021-2031, $ mn 82
Figure 46. Quantum Cascade Laser Market in France, 2021-2031, $ mn 84
Figure 47. Quantum Cascade Laser Market in Spain, 2021-2031, $ mn 86
Figure 48. Quantum Cascade Laser Market in Italy, 2021-2031, $ mn 88
Figure 49. Quantum Cascade Laser Market in Netherlands, 2021-2031, $ mn 90
Figure 50. Quantum Cascade Laser Market in Rest of Europe, 2021-2031, $ mn 92
Figure 51. Asia-Pacific Quantum Cascade Laser Market, 2021-2031, $ mn 95
Figure 52. Breakdown of APAC Quantum Cascade Laser Market by Country, 2021 and 2031, % of Revenue 95
Figure 53. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 97
Figure 54. Quantum Cascade Laser Market in Japan, 2021-2031, $ mn 99
Figure 55. Quantum Cascade Laser Market in China, 2021-2031, $ mn 101
Figure 56. Quantum Cascade Laser Market in Australia, 2021-2031, $ mn 103
Figure 57. Quantum Cascade Laser Market in India, 2021-2031, $ mn 105
Figure 58. Quantum Cascade Laser Market in South Korea, 2021-2031, $ mn 107
Figure 59. Quantum Cascade Laser Market in Rest of APAC, 2021-2031, $ mn 109
Figure 60. South America Quantum Cascade Laser Market, 2021-2031, $ mn 112
Figure 61. Breakdown of South America Quantum Cascade Laser Market by Country, 2021 and 2031, % of Revenue 112
Figure 62. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 113
Figure 63. Quantum Cascade Laser Market in Argentina, 2021-2031, $ mn 114
Figure 64. Quantum Cascade Laser Market in Brazil, 2021-2031, $ mn 116
Figure 65. Quantum Cascade Laser Market in Chile, 2021-2031, $ mn 118
Figure 66. Quantum Cascade Laser Market in Rest of South America, 2021-2031, $ mn 120
Figure 67. Quantum Cascade Laser Market in Middle East and Africa (MEA), 2021-2031, $ mn 122
Figure 68. Breakdown of MEA Quantum Cascade Laser Market by Country, 2021 and 2031, % of Revenue 122
Figure 69. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 123
Figure 70. Quantum Cascade Laser Market in UAE, 2021-2031, $ mn 124
Figure 71. Quantum Cascade Laser Market in Saudi Arabia, 2021-2031, $ mn 126
Figure 72. Quantum Cascade Laser Market in South Africa, 2021-2031, $ mn 128
Figure 73. Growth Stage of Global Quantum Cascade Laser Industry over the Forecast Period 131

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Global Quantum Cascade Laser (QCL) Market 2021-2031 by Fabrication Technology (Fabry–Perot, Distributed Feedback, Tunable External Cavities), Operation Mode (Continuous Wave, Pulsed), Packaging Type (C-Mount, HHL & VHL, TO3), Industry Vertical, and Region: Trend Forecast and Growth Opportunity

Global Quantum Cascade Laser (QCL) Market 2021-2031 by Fabrication Technology (Fabry–Perot, Distributed Feedback, Tunable External Cavities), Operation Mode (Continuous Wave, Pulsed), Packaging Type (C-Mount, HHL & VHL, TO3), Industry Vertical, and Region: Trend Forecast and Growth Opportunity