Blockchain Press Releases
Quantum Cascade Laser Market worth $533 million by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 24, 2023 /PRNewswire/ — The global quantum cascade laser market was valued at USD 429 million in 2023 and is projected to reach USD 533 million by 2028, registering a CAGR of 4.4% during the forecast period according to a new report by MarketsandMarkets™. The increasing use of quantum cascade lasers in gas sensing and chemical detection applications and the growing demand for QCLs in healthcare and medical diagnostics are among the factors driving the growth of the quantum cascade laser market.
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Browse in-depth TOC on “Quantum Cascade Laser Market”
180 – Tables
50 – Figures
250 – Pages
Quantum Cascade Laser Market Report Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$429 million |
|
Estimated Value by 2028 |
$533 million |
|
Growth Rate |
Poised to grow at a CAGR of 4.4% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Fabrication Technology, Packaging Type, Operation Mode, End-User Industry and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Manufacturing complexities of quantum cascade lasers |
|
Key Market Opportunities |
Use of quantum cascade lasers in industrial and environmental monitoring |
|
Key Market Drivers |
Growing demand for quantum cascade lasers in healthcare and medical diagnostics |
By Fabrication Technology: The Fabry-Perot technology is projected to grow at the highest CAGR during the forecast period.
Fabry-Perot (FP) quantum cascade lasers (QCLs) utilize a Fabry-Perot resonator structure with two parallel mirrors, offering a broad wavelength coverage and multi-mode operation. This tunability makes them versatile for applications like spectroscopy and gas sensing. FP-QCLs have a simple design and manufacturing process, reducing costs and allowing for easier integration into existing systems. Fabry-Perot QCLs provide advantages in wavelength coverage, multi-mode operation, simplicity, and cost-effectiveness, making them suitable for various applications.
By Operation Mode: The Continuous Wave segment accounted for the largest quantum cascade laser industry share during the forecast period.
Continuous wave (CW) operation in QCLs provides a constant and stable output of laser light, ensuring reliable measurements in applications such as spectroscopy and process monitoring. It allows for longer integration times, leading to a higher signal-to-noise ratio (SNR) and improved sensitivity for gas sensing and molecular spectroscopy. CW operation simplifies system design by eliminating the need for modulation and enables efficient power consumption, making it suitable for portable devices. CW-QCLs exhibit long coherence lengths, enabling coherent beam propagation over large distances for applications like free-space optical communications. These advantages make CW operation mode highly beneficial for various applications, emphasizing its importance in QCL technology.
By End-User Industry: The Military & Defense segment is projected to grow at the highest CAGR during the forecast period.
QCLs have significant applications in the military and defense industry. They are utilized for precise sensing, targeting, infrared countermeasures, chemical and biological detection, directed energy weapons, and secure communication. With tunability, high power output, and narrow linewidth, QCLs provide advanced reconnaissance, surveillance, and target acquisition capabilities. Furthermore, QCLs enable secure communication through free-space optical communications, ensuring reliable and resistant data transmission. Overall, QCLs are crucial in enhancing operational effectiveness and capabilities in military and defense applications.
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By Region: North America is likely to account for the largest share of the quantum cascade laser market during the forecast period.
The QCL industry in North America is increasing due to technological advancements, a solid industrial base, government support, market awareness, and an established customer base. North America leads in laser technology innovation, supported by renowned research institutions and companies. The region’s diverse industries, including defense, aerospace, pharmaceuticals, and telecommunications, drive the demand for QCLs. Government funding and incentives further stimulate development and adoption. North America’s market awareness and willingness to invest in cutting-edge technologies contribute to its dominance. With a well-established customer base and infrastructure, North America remains a leading market for QCLs.
The major players in the Quantum Cascade Laser companies include Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), MirSense (France), Emerson Electric Co. (US), Block Engineering. (US), Wavelength Electronics, Inc. (US), Daylight Solutions. (US), Alpes Lasers (Switzerland), nanoplus Nanosystems and Technologies GmbH (Germany), and Akela Laser Corporation (US).
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Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
Blockchain Press Releases
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.
Golfin’s Key Highlights at Web3 Hub Davos 2025:
- Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
- Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
- Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
- Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.
Golfin’s Approach to Web3 Golf:
Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.
Vision for the Future:
Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.
About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.
For More Information: golfin.io & web3hubdavos.com .
Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.
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