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

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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

  • CAGR (2021 - 2028)
    9.5%
  • Market Size 2021
    US$ 1 Billion
  • Market Size 2028
    US$ 1.89 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Coherent, Inc.
  • Daylight Solutions
  • EXFO Inc.
  • HÜBNER GmbH & Co. KG
  • KEYSIGHT TECHNOLOGIES
  • Luna Innovations Inc.
  • NeoPhotonics Corporation
  • SANTEC CORPORATION
  • Freedom Photonics LLC

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Solid State
  • Gas
  • Free Electron Laser
End-User
  • Manufacturing
  • Telecommunication
  • Medical and Biotechnology
  • Aerospace
  • Electronics and Semiconductor
  • Industrial
  • Others
Technology
  • Cavity Diode Laser
Wavelength
  • Less than 1000 nm
  • 1000 nm-1500 nm
  • Above 1500 nm
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


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.

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.

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.

Tunable Lasers Market Report Scope

Report Attribute Details
Market size in 2021 US$ 1 Billion
Market Size by 2028 US$ 1.89 Billion
Global CAGR (2021 - 2028) 9.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Solid State
  • Gas
  • Free Electron Laser
By End-User
  • Manufacturing
  • Telecommunication
  • Medical and Biotechnology
  • Aerospace
  • Electronics and Semiconductor
  • Industrial
  • Others
By Technology
  • Cavity Diode Laser
By Wavelength
  • Less than 1000 nm
  • 1000 nm-1500 nm
  • Above 1500 nm
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Coherent, Inc.
  • Daylight Solutions
  • EXFO Inc.
  • HÜBNER GmbH & Co. KG
  • KEYSIGHT TECHNOLOGIES
  • Luna Innovations Inc.
  • NeoPhotonics Corporation
  • SANTEC CORPORATION
  • Freedom Photonics LLC
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    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 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.

    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.

    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 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.

    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%.

    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.

    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

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