Tunable Lasers Market Size & Share | Global Analysis 2021-2028

Tunable Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type [Solid State, Gas, Free Electron Laser (FEL), and Others], End-User (Manufacturing, Telecommunication, Medical and Biotechnology, Aerospace, Electronics and Semiconductor, Industrial, and Others), Technology [Cavity Diode Laser (DBR), Distributed Bragg Reflector Laser (DFB), Vertical Cavity Surface Emitting Lasers (VCSELs), Micro Electro Mechanical System (MEMS), and Others], and Wavelength (Less than 1000 nm, 1000 nm-1500 nm, and Above 1500 nm)

  • Report Code : TIPRE00008783
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 211
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The tunable lasers market is expected to grow from US$ 1,000.1 million in 2021 to US$ 1,888.7 million by 2028; it is estimated to grow at a CAGR of 9.5% during 2021–2028

Tunable lasers allow adjusting the output wavelength depending on its use cases. High-speed tuning is possible with some tunable lasers, which are referred to as wavelength agile or frequency agile. These lasers usually work in a continuous mode with a narrow emission bandwidth. An increase in the capacity of fiber optic components through dynamic configurability is further projected to drive the tunable laser market growth in the coming years. Further, factors such as constant technological innovations, decelerating product prices, player consolidations, and fierce rivalry propel the demand for tunable lasers from various applications, such as photochemistry, spectroscopy, optical communications, and atomic vapor laser isotope separation.
For developing various photonics technologies, such as light detection and ranging (LiDAR), fiber optics, optical lenses, nuclear emission study, and laser diode spectroscopy, scientific research institutes and universities worldwide rely on acute measuring equipment. The widespread use of tunable lasers in photobiology, hyperspectral imaging, detector calibration, and spectroscopy (reflection and transmission), coupled with the rise in the use of tunable lasers across several medical applications such as therapeutic, diagnostic applications, and laser-based face and skin rejuvenation treatments, is propelling the tunable laser market growth.

The tunable lasers market is segmented on the basis of type, end-user, technology, wavelength, and geography. Based on type, the market is segmented into solid-state, gas, free-electron laser (FEL), and others. Based on end-users, the global tunable lasers market is segmented into manufacturing, telecommunication, medical and biotechnology, aerospace, electronics and semiconductor, industrial, and others. Based on technology, the market is segmented into cavity diode laser (DBR), distributed Bragg reflector laser (DFB), vertical-cavity surface-emitting lasers (VCSELs), microelectromechanical system (MEMS), and others. Based on wavelength, the market is segmented into less than 1000 nm, 1000 nm–1500 nm, and above 1500 nm. In terms of geography, the tunable lasers market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. A few of the key companies operating in the tunable lasers market are Coherent, Inc.; Daylight Solutions; EXFO Inc.; HÜBNER GmbH & Co. KG; KEYSIGHT TECHNOLOGIES; Luna Innovations Inc.; NeoPhotonics Corporation; SANTEC CORPORATION; Freedom Photonics LLC; Toptica Photonics AG; Lumentum Operations LLC; FURUKAWA ELECTRIC CO., LTD.; EMCORE Corporation; Pure Photonics; and ID Photonics GmbH.

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Tunable Lasers Market: Strategic Insights

tunable-lasers-market
Market Size Value inUS$ 1,000.1 million in 2021
Market Size Value byUS$ 1,888.7 million by 2028
Growth rateCAGR of 9.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on Tunable Lasers Market

North America is well-known for the adoption of new technologies owing to favorable government policies to boost innovation, the presence of various technology companies, and the high adoption of advanced technologies in various industry verticals, especially in Canada and the US. Thus, any negative impact on the growth of industries hampers the economic growth of the region. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 positive patients. Therefore, governments-imposed lockdowns to limit human movement. As a result, manufacturing facilities experienced a reduction in production volumes, which negatively impacted the tunable lasers market share. Further, disruption in the logistic framework during the first wave of the COVID-19 outbreak created challenges for tunable lasers provider. However, tunable lasers manufacturers also supply their systems to the defense and medical sectors, which are deemed to be crucial and was operating even at the time of the pandemic. Therefore, tunable lasers market players are receiving orders from these crucial industries and were operational during the lockdown, creating enough cashflows for the OEM.


Lucrative Regions for Tunable Laser Providers

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Tunable Lasers Market Insights
Increasing Demand for Tunable Lasers in APAC

Drives Market Growth

Asia-Pacific is a big consumer and manufacturer of lasers, notably tunable lasers. Raw materials essential for producing laser solutions are abundant in a few major nations, such as China, South Korea, Taiwan, and Japan. Tunable lasers rely heavily on semiconductor and electronic components (solid-state lasers, etc.). Asia-Pacific is expected to be a major source of imports for many companies making tunable laser products in other parts of the world. Collaborations between companies operating in the region are further driving the market growth. For instance, in February 2019, Electro Scientific Industries (ESI), a part of MKS Instruments, Inc., stated that it would deliver a laser drilling solution for the flexible printed circuits (FPC) process in China. The company also wants to provide laser-related solutions, which would expand the tunable lasers market equipment in the area.


Type-Based Market Insights

Based on type, the tunable lasers market is segmented into solid-state, gas, free-electron laser (FEL), and others. In 2020, the solid-state segment accounted for the largest market share.

Tunable Lasers Market, by Type, 2020 and 2028 (%)

electronics-and-semiconductor
Tunable Lasers Market, by Type, 2020 and 2028 (%)
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End-User-Based Market Insights

Based on end-user, the tunable lasers market is segmented into manufacturing, telecommunication, medical and biotechnology, aerospace, electronics and semiconductor, industrial, and others. In 2020, the telecommunication segment accounted for the largest share in the market.

 

The players operating in the tunable lasers market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
  • In October 2021, SCALABLE Network Technologies, a leader in communications network simulation and modeling solutions for design, test, and analysis, as well as cyber assessment and training, announced that it has been acquired by Keysight Technologies, Inc.
  • In April 2021, Furukawa Electric Co., Ltd. and Nichia Corporation formed a commercial alliance to build a long-term working connection in core technologies (laser processing) that will help promote the electrification of mobility.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, End-User, Technology, and Wavelength

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind tunable lasers market growth?

Tunable lasers allow adjusting the output wavelength depending on its use cases. High-speed tuning is possible with some tunable lasers, which are referred to as wavelength agile or frequency agile. Tunable lasers usually work in a continuous mode with a narrow emission bandwidth. Increase in capacity of fiber optic components through dynamic configurability is further projected to drive the tunable laser market demand. For developing various photonics technologies such as light detection and ranging (LiDAR), fiber optics, optical lenses, nuclear emission study, and laser diode spectroscopy, scientific research institutes and universities worldwide rely on acute measuring equipment.

What are market opportunities for tunable lasers market?

Major players operating in the global tunable lasers market include Coherent, Inc.; Daylight Solutions; EXFO Inc.; HÃœBNER GmbH & Co. KG; and NeoPhotonics Corporation. High investments in organic and inorganic growth strategies with respect to product development, global expansion, and mergers & acquisitions are being observed over the years. In March 2021, Freedom Photonics announced the launch of new single spatial mode diode lasers. These lasers have a previously unheard-of power output (1 W) in a practically diffraction-limited mode and a high electrical-to-optical efficiency of more than 50%.

Which type is expected to dominate the market in the forecast period?

Titanium doped sapphire is considered to be the most common tunable solid-state laser. Titanium doped sapphire is capable of laser operations in the range of 670 nm to 1,100 nm wavelength. The alexandrite laser is based on the doped crystal, and it has a tuning range of around 720–800 nm. Solid state lasers are mostly utilized in scientific research because of their unique tunability and the ability to produce ultra-short pulses. Tunable solid-state lasers operate most efficiently at wavelengths around 800 nm.

Which end-user is expected to dominate the market during the forecast period ?

Today's telecommunications relies considerably on the ability to transfer huge amounts of data over large distances in very less time at very less cost. With promising flexible wavelength-routing capabilities and realizing the all-optical network, tunable lasers’ utility is enhancing in the optical networking. Considering a single tunable laser’s ability to replace an array of fixed wavelength lasers, the optical network is expected to realize step function increases in capacity and flexibility, with massive reductions in wavelength contention, overall network complexity and investment in inventory.

Which region is expected to dominate the tunable lasers market in the forecast period?

Asia Pacific includes a large number of emerging markets, and they are growing around twice as fast as advanced economies. China, India and Indonesia are among the emerging economies that contribute significantly to the growth of tunable lasers market in the region. These countries are investing heavily in R&D to bring advancements in the photonics industry and improve the application of tunable lasers across various industries. Asia Pacific countries such as Japan, China, and India have huge manufacturing industries that design and develop various consumer electronic devices.

What trends are expected to drive the demand for various tunable lasers?

The deployment of tunable lasers in manufacturing and industrial sectors is primarily driven by the increased usage of optical technologies for the mass production of consumer devices. The demand for tunable lasers in semiconductor and materials processing applications has risen in tandem with the growth of consumer electronics applications such as micro sensing, flat panel displays, and lidar. Tunable lasers are also used in industrial fiber optics sensing applications like distributed strain and temperature mapping and distributed shape measurement.

The List of Companies - Tunable Lasers Market

  1. Coherent, Inc.
  2. Daylight Solutions
  3. EXFO Inc.
  4. HÜBNER GmbH & Co. KG
  5. KEYSIGHT TECHNOLOGIES
  6. Luna Innovations Inc.
  7. NeoPhotonics Corporation
  8. SANTEC CORPORATION
  9. Freedom Photonics LLC
  10. Toptica Photonics AG
  11. Lumentum Operations LLC
  12. FURUKAWA ELECTRIC CO., LTD.
  13. EMCORE Corporation
  14. Pure Photonics
  15. ID Photonics GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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