North America Tunable Lasers Market

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 GmbH & Co. KG; and NeoPhotonics 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, NeoPhotonics 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 GmbH & Co. KG
• KEYSIGHT TECHNOLOGIES
• Lumentum Operations LLC
• Luna Innovations Inc.
• NeoPhotonics Corporation
• Pure Photonics
• SANTEC CORPORATION
• Toptica Photonics AG

North America Tunable Lasers Strategic Insights

Strategic insights for the North America Tunable Lasers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Tunable Lasers Report Scope

North America Tunable Lasers Regional Insights

The geographic scope of the North America Tunable Lasers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.