Tunable Lasers Market Segments, Opportunity, Growth and Forecast By End-use Industry

The global 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.

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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Analysis of the Top Market Players:

1. Coherent, Inc.
2. Daylight Solutions
3. EXFO Inc.
4. HBNER GmbH & Co. KG
5. KEYSIGHT TECHNOLOGIES
6. Luna Innovations Inc.
7. NeoPhotonics Corporation
8. SANTEC CORPORATION
9. Freedom Photonics LLC
10. Toptica Photonics AG

In this report, the market has been segmented on the basis of:

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]
Wavelength (Less than 1000 nm, 1000 nm-1500 nm, and Above 1500 nm)

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The tunable lasers market is segmented based on type, end-user, technology, wavelength, and geography. Based on type, the market is segmented into solid-state, gas, free-electron laser (FEL), and others. The solid-state segment represented the largest market share in 2020. In terms of 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 a substantial share of the market.

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. The cavity diode laser (DBR) segment represented the largest share of the market in 2020.

Based on wavelength, the market is segmented into less than 1000 nm, 1000 nm-1500 nm, and above 1500 nm. The 1000 nm-1500 nm segment represented the largest share of the overall market in 2020. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific (APAC) accounted for a significant share in the global market.

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