Global Tunable Laser Market growing at a CAGR of 8.9% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023
Key Market Overview
The Global Tunable Laser Market was valued at USD 11,366.53 Million in 2022 and is expected to register a compound annual growth rate of 8.9% to reach USD 22,122.74 Million in 2030.
The report highlights the increasing adoption of tunable laser in telecommunication, automotive, aerospace & defence, and other industries. Consegic Business Intelligence provides an inclusive research report on the tunable laser market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Tunable Laser Market By Overview
The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of solid-state lasers in telecommunication, automotive, aerospace & defence, healthcare, and other industries. Moreover, the deployment of free electron lasers in healthcare, and aerospace & defence sectors among others is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of tunable laser in telecommunication sector is driving the market growth.
- Growing automotive industry is spurring the market growth.
Restraints:
- High cost associated with tunable laser is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Gas Lasers, Solid-state Lasers, Free Electron Lasers, and Others |
| By End-User | Telecommunication, Healthcare, Automotive, Aerospace & Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
Competitive Landscape :
The global tunable laser market is highly competitive due to the presence of major players such as Coherent Corp., EXFO Inc., Newport Corporation, Santec Corporation, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in tunable laser market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Coherent Corp.
- EKSPLA
- EXFO Inc.
- HUBNER Photonics
- Amplitude Laser
- Luna Innovations
- Newport Corporation
- Santec Corporation
- Thorlabs Inc.
- TOPTICA Photonics AG