Tunable Lasers Market Research Report 2021-2031
The tunable lasers market size is projected to reach US$ 32.49 billion by 2031 from US$ 15.89 billion in 2023. The market is expected to register a CAGR of 9.3% during 2023–2031. An increase in the capacity of fiber optic components through dynamic reconfigurability is likely to remain a key trend in the tunable laser market.
Tunable Lasers Market Analysis
An increase in the capacity of fiber optic components through dynamic reconfigurability 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.
Tunable Lasers Market Overview
A tunable laser is a laser with a wavelength of operation that can be reformed in a controlled manner. While all laser gain media allow small changes in output wavelength, only limited types of lasers allow continuous tuning over a considerable wavelength range. 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.
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Tunable Lasers Market: Strategic Insights
Tunable Lasers Market
-
CAGR (2023 - 2031)
9.3%
-
Market Size 2023
US$ 15.89 Billion
-
Market Size 2031
US$ 32.49 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Adoption of Tunable Lasers Across Industries to Favor Market
FUTURE TRENDS
- Growth of adoption across manufacturing and industrial sectors and technological innovations
OPPORTUNITIES
- Increasing strategic initiatives by key players
Key Players
- Coherent Corp
- Leonardo DRS
- EXFO Inc
- H BNER Photonics
- Keysight Technologies
- Luna Innovations Incorporated
- EMCORE Corporation
- Santec Corporation
- Freedom Photonics LLC
- TOPTICA Photonics AG
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
Technology
- Cavity Diode Laser
- Distributed Bragg Reflector Laser
- Vertical Cavity Surface Emitting Lasers
- Micro Electro Mechanical System
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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Tunable Lasers Market: Strategic Insights
-
CAGR (2023 - 2031)9.3% -
Market Size 2023
US$ 15.89 Billion -
Market Size 2031
US$ 32.49 Billion
Market Dynamics
- Rising Adoption of Tunable Lasers Across Industries to Favor Market
- Growth of adoption across manufacturing and industrial sectors and technological innovations
- Increasing strategic initiatives by key players
Key Players
- Coherent Corp
- Leonardo DRS
- EXFO Inc
- H BNER Photonics
- Keysight Technologies
- Luna Innovations Incorporated
- EMCORE Corporation
- Santec Corporation
- Freedom Photonics LLC
- TOPTICA Photonics AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solid State
- Gas
- Free Electron Laser
- Manufacturing
- Telecommunication
- Medical and Biotechnology
- Aerospace
- Electronics and Semiconductor
- Industrial
- Cavity Diode Laser
- Distributed Bragg Reflector Laser
- Vertical Cavity Surface Emitting Lasers
- Micro Electro Mechanical System
- 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.
Tunable Lasers Market Drivers and Opportunities
Rising Adoption of Tunable Lasers Across Industries to Favor Market
The rising adoption of tunable lasers across various industries is definitely driving the growth of the tunable laser market. These lasers are frequently used in manufacturing, telecommunication, medical and biotechnology, aerospace, electronics and semiconductor, industrial, and others. Each of these industries is growing year on year, which is resulting in the surging demand for tunable lasers. Further, the tunable lasers focus on architecture and technology. They are beneficial in astronomy, aviation, energy, communications, defense, imaging, interferometry, medicine, microscopy, and spectroscopy. Thus, considering the above parameters, increasing demand for tunable lasers is driving the tunable lasers market.
Increasing strategic initiatives by key players.
The key players in the market are taking various initiatives such as product launches, partnerships, and organic and inorganic strategies to drive market growth. For instance, in December 2023, LioniX International introduced an innovative high-precision integrated tunable laser that operates at 1310 nm in the O-band, aiming for high-growth applications across optical sensing and optical communications. The collaboration between LioniX, Sivers Photonics, and Chilas gave rise to this laser, hot off the lab bench and ready to redefine industry standards. Moreover, many other companies are taking the initiative, which will hold some potential opportunities for the market.
Tunable Lasers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tunable lasers market analysis are type, cause, end user, technology, and wavelength.
- Based on type, the tunable lasers market is divided into the solid state, gas, free electron laser (FEL), and others. The solid-state segment is anticipated to hold a significant market share in the forecast period.
- By end user, the market is segmented into manufacturing, telecommunication, medical and biotechnology, aerospace, electronics, semiconductor, industrial, and others. The manufacturing segment is anticipated to hold a significant market share in the forecast period.
- In terms of technology, the market is bifurcated into cavity diode laser (DBR), distributed Bragg reflector laser (DFB), vertical cavity surface emitting lasers (VCSELs), microelectromechanical systems (MEMS), and others. The cavity diode laser (DBR) segment is anticipated to hold a significant market share in the forecast period.
Tunable Lasers Market Share Analysis by Geography
The geographic scope of the tunable lasers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the tunable laser market. High technology adoption trends in various industries in the North American region have fuelled the growth of the tunable market. Factors such as increased adoption of digital technology and high technological spending by government agencies are expected to drive the North American tunable laser market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of tunable laser market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the tunable laser market.
Tunable Laser Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 15.89 Billion |
Market Size by 2031 | US$ 32.49 Billion |
Global CAGR (2023 - 2031) | 9.3% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Tunable Lasers Market News and Recent Developments
The tunable lasers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the tunable lasers market are listed below:
- Pilot Photonics announced the availability of a new, widely tunable laser module. It is the only commercially available tunable laser that offers the elusive combination of nanosecond switching and narrow linewidth, solving a long-running challenge in the industry.
(Source: Pilot Photonics Company Website, January 2023)
- Sivers Semiconductors AB (“Sivers”) announced that its subsidiary, Sivers Photonics, commenced a new partnership with LioniX International and Chilas B.V. to develop and supply a narrow-linewidth integrated O-Band CW Tunable 1310nm laser targeting high growth applications across optical communications and optical sensing sectors.
(Source: Sivers Semiconductors AB, Company Website, December 2023)
Tunable Laser Market Report Coverage and Deliverables
The “Tunable Laser Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Tunable laser market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Tunable laser market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Tunable laser market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tunable laser market.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End-User, Technology, and Wavelength
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
North America is anticipated to dominate the tunable laser market in 2023.
Rising adoption of tunable lasers across industries and increasing demand for tunable lasers in growing regions such as APAC are some of the factors driving the tunable laser market.
Growth of adoption across manufacturing and industrial sectors and technological innovations are anticipated to drive the market in the forecast period.
The key players holding majority shares in the global tunable laser market are Coherent Corp, Leonardo DRS, EXFO Inc., HÜBNER Photonics, Keysight Technologies, Luna Innovations Incorporated, EMCORE Corporation, Santec Corporation, Freedom Photonics LLC, TOPTICA Photonics AG.
The global tunable laser market is expected to reach US$ 32.49 billion by 2031.
The expected CAGR of the tunable laser market is 9.3%.