According to the new research report titled “Tunable Lasers Market ” published by The Insight Partners, the market is expected to reach US$ 1,888.7 million by 2028, registering a CAGR of 9.5% from 2021 to 2028.
The growth of the tunable lasers market is primarily driven by the increasing adoption of optical technologies for the mass production of consumer electronics. 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.
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Tunable lasers are also employed in fiber optics-sensing applications in the industrial sector, such as distributed strain, temperature mapping, and distributed shape measuring. A few of the growing applications in this area are aircraft health monitoring, wind turbine health monitoring, power generator health monitoring, and cavity detection/sinkhole monitoring. Furthermore, the increasing use of holographic optical elements in augmented reality (AR) displays has broadened the scope of tunable lasers. TOPTICA Photonics, situated in Europe, is working on UV/RGB high-power single-frequency diode lasers for applications like lithography, optics test and inspection, and holography.
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. Furthermore, advances in chemistry and nanotechnology are expanding the uses of optics in the medical field, pushing the boundaries of the tunable lasers market even further.
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-user, the market is segmented into manufacturing, telecommunication, medical and biotechnology, aerospace, electronics and semiconductor, and others. Based on technology, the tunable lasers 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. By region, the tunable lasers market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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