Tunable Lasers Market worth USD 1,888.7 million by 2028 at a CAGR of 9.5% - Exclusive Report by The Insight Partners

According to The Insight Partners' research, the Tunable Lasers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, End-User, Technology, and Wavelength," the m Increasing Strategic Initiatives by Major Players to Provide Growth Opportunities for Tunable Lasers Market during 2021-2028 market was valued at US$ 1,000.1 million in 2021 and is projected to reach US$ 1,888.7 million by 2028; it is expected to grow at a CAGR of 9.5% from 2021 to 2028.

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. Aerial health monitoring, wind turbine health monitoring, power generator health monitoring, and cavity detection/sinkhole monitoring are some of the developing uses in this field.

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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. Aerial health monitoring, wind turbine health monitoring, power generator health monitoring, and cavity detection/sinkhole monitoring are some of the developing uses in this field.

Furthermore, the increasing use of holographic optical elements in augmented reality (AR) displays has broadened the scope of the tunable lasers market. For example, Europe-based TOPTICA Photonics is developing UV/RGB high-power single-frequency diode lasers, primarily for lithography, optical test and inspection, and holography.se of clean energy, the tunable lasers market size is projected to witness significant growth in the coming years.

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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.

The List of Companies - Tunable Lasers Market
Coherent, Inc.; Daylight Solutions; EXFO Inc.; HÜBNER GmbH & Co. KG; and NeoPhotonics Corporation are among the major players operating in the global tunable lasers market. These companies highly invest in organic and inorganic growth strategies, such as product development, global expansion, and mergers and acquisitions. The strategies are being observed over the years. A few of the key developments to be mentioned are:

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%.

In March 2021, Santec Corporation released the TSL-570 tunable laser, which has a rapid scan time and excellent stability. Santec's 33-year experience in tunable laser manufacturing is put to good use in the TSL-570. It features a unique optical cavity architecture with the sub-picometer resolution, accuracy, and fine speed control of up to 200 nm/s.

In September 2021, NeoPhotonics Corporation announced the launch of a new tunable high-power frequency-modulated continuous-wave laser and high-power semiconductor optical amplifier chips. Both components enable long-range automobile lidar and high-resolution industrial sensing applications.

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