North America Tunable Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Solid-State, Gas, Free-Electron Laser (FEL), and Others], End-User (Manufacturing, Telecommunications, Medical & Biotechnology, Aerospace, Electronics &

North America Tunable Lasers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Solid-State, Gas, Free-Electron Laser (FEL), and Others], End-User (Manufacturing, Telecommunications, Medical & Biotechnology, Aerospace, Electronics & Semiconductor, and Others), Technology [Cavity Diode Laser (DBR), Distributed Bragg Reflector (DFB), Vertical Cavity Surface Emitting Lasers (VCSELs), and Micro Electro Mechanical System (MEMS)], and Wavelength (Less than 1000 nm, 1000-1500 nm, and Above 1500 nm) 

The tunable lasers market in North America is expected to grow from US$ 248.62 million in 2021 to US$ 526.39 million by 2028; it is estimated to grow at a CAGR of 11.3% from 2021 to 2028.

Major players operating in the North America tunable lasers market include Coherent, Inc.; Daylight Solutions; EXFO Inc.; HÜBNER Gmb H & Co. KG; and Neo Photonics Corporation. These companies' high investments in organic and inorganic growth strategies for their product development, expansion, and mergers & acquisitions have been observed over the years. For instance, in March 2021, Freedom Photonics announced the launch of new single spatial mode diode lasers. These lasers have a previously unheard-of power output (1W) 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 with 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 a sub-picometer resolution, accuracy, and fine speed control of up to 200 nm/s. In September 2021, Neo Photonics 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. Thus, strategic initiatives and enormous investments by the major companies operating in the market are expected to propel the growth of the tunable lasers market over the forecast period.

North America is well-known for the adoption of new advanced technologies owing to favorable government policies to boost innovation and the presence of various technology companies, especially in developed countries, such as Canada and the US. Thus, any negative impact on the growth of industries is expected to restrain the region's economic growth. The US, Canada, and Mexico witnessed a significant rise in the number of COVID-19 cases. As a result, governments were forced to impose lockdowns to limit human movement, which led to low production volumes in the manufacturing facilities that reduced the demand for ultrafast lasers. Further, disruptions in the logistic framework at the first wave of the COVID-19 pandemic created challenges for ultrafast laser providers. However, ultrafast laser manufacturers also supply their systems to the defense & medical sector, which continued to operate during the pandemic. Therefore, ultrafast laser manufacturers were receiving orders from these crucial industries during the lockdown, creating revenue for the original equipment manufacturer (OEM).

North America Tunable Lasers Market Revenue and Forecast to 2028 (US$ Million)

North America Tunable Lasers Market Segmentation

North America Tunable Lasers Market - By Type

Solid-State Gas Free-Electron Laser Others North America Tunable Lasers Market - By End-User

Manufacturing Telecommunications Medical & Biotechnology Aerospace Electronics & Semiconductor Others North America Tunable Lasers Market - By Technology

Cavity Diode Laser Distributed Bragg Reflector Vertical Cavity Surface Emitting Lasers (VCSELs) Micro Electro Mechanical System (MEMS)North America Tunable Lasers Market - By Wavelength

Less than 1000 nm 1000-1500 nm Above 1500 nm North America Tunable Lasers Market- By Country

The US Canada Mexico North America Tunable Lasers Market-Companies Mentioned

Coherent, Inc. Daylight Solutions EMCORE Corporation EXFO Inc. Freedom Photonics LLC FURUKAWA ELECTRIC CO., LTD HÜBNER Gmb H & Co. KG KEYSIGHT TECHNOLOGIES Lumentum Operations LLC Luna Innovations Inc. Neo Photonics Corporation Pure Photonics SANTEC CORPORATION Toptica Photonics AG

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