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
Binance Labs Backs Movement Labs’ Mission to Bring ‘Move Everywhere’ with Investment
- Undisclosed Investment From Binance Labs Follows Movement’s $38M Series A Funding Round
SAN FRANCISCO, May 1, 2024 /PRNewswire/ — Movement Labs, a San Francisco-based blockchain development team, today announced an investment from Binance Labs. These investments closely follow Movement Labs’ successful $38m Series A funding round as the company continues to gain momentum in its mission to bring ‘Move Everywhere.’
Founded in 2022, Movement is building an ecosystem of Modular Move-based blockchains, starting with M2, the first Move Virtual Machine L2 for Ethereum. Movement will use the funds to expand its suite of open-source tooling, frameworks, and protocols to facilitate the adoption of the Move programming language across broader blockchain ecosystems. With Movement, developers can launch secure, performant, and high-throughput Move VM rollups as easily as they do smart contracts.
As part of its global expansion strategy, Movement Labs is placing a strong emphasis on the Asia-Pacific (APAC) region, recognizing the immense potential and talent within the Move development community. The company is committed to championing and supporting Asian Move developers, providing them with the resources, education, and opportunities needed to showcase their exceptional work and contribute to the growth of the Move ecosystem.
“We are thrilled to welcome Binance Labs as an investor,” said Rushi Manche, Co-Founder of Movement Labs. “Their support and expertise will be invaluable as we continue to execute our ‘Move Everywhere’ strategy, starting with a focus on the vibrant and innovative APAC market. By empowering and collaborating with the talented Move developers in the region, we aim to accelerate the adoption of Move and unlock new possibilities for the entire ecosystem.”
For more information about Movement Labs and a guide to participate in its devnet, please visit: movementlabs.xyz and follow on X @movementlabsxyz and on Discord. Connect with us at movementlabs.xyz to discuss global business opportunities.
About Movement Labs:
Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer 2 on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack.
About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.
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Blockchain Press Releases
Discover Move Move Coin: Is This the Next Sports Blockchain for Your Workout?
SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.
Transforming National Fitness with Blockchain
By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.
Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.
Why You Should Move With MMC Foundation
MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.
The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.
To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.
The Global Vision for MMC Foundation
The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.
MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.
About Move Move Coin
Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.
For more information, please visit:
- Official Website: movemovecoin.com
- Blockchain Explorer: mmcscan.com
- Whitepaper: https://doc.movemovecoin.com/zh-cn
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MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
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