Mid-infrared Lasers Market Expected to Reach US$ 1,763.0 Mn by 2026
According to a new market report on mid-infrared lasers market , published by Transparency Market Research. The global mid-infrared lasers market is expected to reach US$ 1,763.0 Mn by 2026, expanding at a CAGR of 11.4% from 2018 to 2026. According to the report, the global market will continue to be influenced by applications in defense and security in the form of explosive detection and nuclear and narcotic material detection, among others. Asia Pacific will continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of 12.9% through 2026. The penetration of mid-infrared lasers has risen over the past few years in applications ranging from free space communication to medical diagnostic, as mid-IR spectrum offers very high optical transmission with low scattering. Furthermore, in developing economies such as India and China, the impact of these factors is expected to be high owing to increased spending across the health care, IT...