Tunable Laser Market Overview
The global tunable laser market is expected to reach USD 1,353.5 million by 2026 at a CAGR of 8.19% during the forecast period. Market Research Future (MRFR), in its report envelops segmentation and drivers to provide a better glimpse of the market in the coming years. Tunable lasers are specialized lasers that provide output wavelength, which can be tuned to the desired frequency for specialized applications. Tunable lasers enable the alteration of frequency in the desired range with its ability to switch the frequency based on the packets. These lasers mostly operate in a continuous mode allowing a small emission bandwidth. Some of these lasers are mode-hop-free over some specific range of frequencies. The major applications of tunable lasers revolve around spectroscopy, metrology, laser cooling, and optical fiber communication. The tunable lasers lie around the L-band, O-band, C-band, E-band, S-band, U-band, and ultranarrow linewidth.
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Tunable Laser Market Segmental Analysis
The global tunable laser market has been segmented based on frequency, application, vertical, and region.
Based on frequency, the market has been classified into 0.77um–0.91um (Ultra-Narrow Linewidth), 1.26um–1.36um (O-Band), 1.36um–1.46um (E-Band), 1.46um–1.53um (S-Band), 1.53um–1.57um (C-Band), 1.57um–1.63um (L-Band), 1.63um–1.68um (U-Band), and 2um. Among these, the 1.57um–1.63um (L-Band) holds the largest market share in 2019, while 1.46um–1.53um (S-Band) holds the highest CAGR during the forecast period. Among these, the 1.57um–1.63um (L-Band) holds the largest market share in 2019, while 1.46um–1.53um (S-Band) holds the highest CAGR during the forecast period. L-band tunable laser extends within the wavelength of 1.57um-1.63um. The L-band laser is primarily used to complement the C-Band to increase data capacity in long-haul networks. These lasers have low power consumption with a maximum output power of around 16mW, narrow linewidth of nearly 1Mhz, and relative intensity noise of around -110dB/Hz. The application areas of these lasers are fiber lasers, laser ranging, coherent optical communication, optical fiber sensing system, and DWDM system. In March 2020, NeoPhotonics launched an L-band suite of coherent optical components that includes 64 GBaud L-Band High Bandwidth Coherent Driver Modulator (HB-CDM), 64 GBaud L-Band Intradyne Coherent Receiver (ICR), and ultra-narrow linewidth L-Band tunable laser Micro-ITLA (integrated tunable laser assembly).
Based on vertical, the market has been classified into telecommunication & networking, healthcare, aerospace & defense, manufacturing, semiconductor, energy & utilities, and others. Over the past years, extensive research has been done on understanding the use of tunable lasers in various areas. The vast application of these lasers in optical networks, optical characterization, and optical sensing has led to the adoption of these lasers in various end-use verticals. The manufacturing segment accounted for the largest market share of 26.9% in 2018, with a market value of USD 210.8 million; it is expected to register a CAGR of 8.2% during the forecast period. The others segment was the second-largest market in 2018, valued at USD 129.5 million; it is projected to exhibit a CAGR of 7.2%. However, the telecommunication and networking segment is expected to register the highest CAGR of 9.0%.
The global tunable laser market, by region, has been segmented into North America, Europe, Asia-Pacific, Rest of The World. Asia-Pacific accounted for the largest market share of 39.81% in 2018, with a market value of USD 312.2 million; the market is expected to register a CAGR of 9.9% during the forecast period. Europe was the second-largest market in 2018, valued at USD 210.2 million; the market is projected to exhibit a CAGR of 5.8%. However, the market in North America is expected to register the highest CAGR of 10.5%.
Based on application, the market segmented into spectroscopy, metrology, optical fiber communication, laser cooling, and others. The spectroscopy segment accounted for the largest market share of 40.1% in 2018, with a market value of USD 314.7 million; it is expected to register the highest CAGR of 8.7% during the forecast period. The metrology segment was the second-largest market in 2018, valued at USD 153.1 million; it is projected to exhibit a CAGR of 7.6%. Over the years, the tunable laser has had a tremendous impact on the many and diverse fields of science and technology. From physics to isotope separation and medicine development, the tunable laser has numerous applications.
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Tunable Laser Market Competitive Analysis
The key players of the global tunable laser market are Yokogawa Electric Corp (Japan), Mettler Toledo (US), Toptica Photonics (Germany), Hubner GmbH & Co KG (Germany), Agilent Technologies Inc. (US), Focused Photonics Inc. (China), Luna (US), NEC Corporation (Japan), NeoPhotonics Corporation (US), and Santec Corporation (Japan) among others.
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1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 LIST OF ASSUMPTIONS
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 NEED FOR HIGH BANDWIDTH AND HIGH DATA TRANSFER CAPABILITIES
4.2.2 GROWING QUALITY REQUIREMENT IN INDUSTRIAL PROJECTS
4.2.3 INCREASING DEMAND FOR CONSUMER ELECTRONICS
4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 LACK OF TECHNICAL EXPERTISE
4.4 OPPORTUNITY
4.4.1 GROWING ADOPTION OF TETRA HERTZ SPECTROSCOPY
4.5 COVID-19 IMPACT ANALYSIS
4.5.1 ECONOMIC IMPACT ON THE MANUFACTURING INDUSTRY
4.5.2 IMPACT ON THE TUNABLE LASER INDUSTRY
4.5.2.1 IMPACT ON PRODUCTION
4.5.2.2 IMPACT ON SUPPLY CHAIN
4.5.2.3 IMPACT ON RAW MATERIALS
4.5.2.4 CASH FLOW CONSTRAINTS
4.5.2.5 IMPACT ON WORLD TRADE
