Tunable Lasers Market is expected to reach US$ 1,888.7 Million by 2028 | The Insight Partners

Increasing Strategic Initiatives by Major Players to Provide Growth Opportunities for Tunable Lasers Market to 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.

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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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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 720â€"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.

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 OEMs. These factors have influenced the tunable lasers market growth during the pandemic.

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 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.

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