Middle East and Africa Tunable Lasers Market is expected to reach US$ 29.46 Million by 2028

Cavity Diode Laser Segment to Dominate Middle East & Africa Tunable Lasers Market during 2019–2028

According to a new market research study on “Middle East & Africa Tunable Lasers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, End-User, Technology, and Wavelength,” is expected to reach US$ 29.46 million by 2028 from US$ 21.20 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Increasing strategic initiatives by major players is the major factor driving the growth of the Middle East & Africa tunable lasers market. However, supply chain disruptions may hinder the growth of Middle East & Africa tunable lasers market. The report provides trends prevailing in the Middle East & Africa tunable lasers market along with the drivers and restraints pertaining to the market growth.

Iran and South Africa have faced the highest number of COVID-19 cases among the Middle East & African countries. The region comprises various growing economies, such as the UAE and Saudi Arabia, which are considered the prospective markets for players. Various containment measures adopted by the government, such as travel restrictions, factory shutdowns, and lockdowns, have hampered the manufacturing sector in this region. Further, containment measures have also impacted the ongoing energy and power, infrastructure, and logistics projects. Thus, the slowdown of various industrial and commercial activities has impacted the demand for ultrafast lasers. Ultrafast laser providers also faced challenges in their production process due to supply chain disruptions and the nonavailability of raw materials, thus adversely affecting the tunable lasers market.

The Middle East & Africa tunable lasers market segmented by type, end-user, technology, wavelength, and country. Based on type, the Middle East & Africa tunable lasers market is segmented into solid-state, gas, free-electron lasers, and others. In 2020, the solid-state segment held the largest share Middle East & Africa tunable lasers market. The Middle East & Africa tunable lasers market by end-user has been segmented into manufacturing, telecommunications, medical & biotechnology, aerospace, electronics & semiconductor, and others. In 2020, the manufacturing segment held the largest share Middle East & Africa tunable lasers market. Based on technology, the Middle East & Africa tunable lasers market is segmented into cavity diode laser, distributed bragg reflector, vertical cavity surface emitting lasers (VCSELs), and micro electro mechanical system (MEMS). In 2020, the cavity diode laser segment held the largest share Middle East & Africa tunable lasers market. Based on wavelength, the Middle East & Africa tunable lasers market is segmented into less than 1000nm, 1000nm-1500nm, and above 1500nm. In 2020, the 1000nm-1500nm segment held the largest share Middle East & Africa tunable lasers market. Similarly, based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and rest of Middle East & Africa. The UAE contributed a substantial share in 2020. 

Coherent, Inc.; EMCORE Corporation; EXFO Inc.; FURUKAWA ELECTRIC CO., LTD; KEYSIGHT TECHNOLOGIES; and NeoPhotonics Corporation are among the leading companies in the Middle East & Africa Tunable Lasers Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, COHERENT SIGNS REVISED MERGER AGREEMENT WITH LUMENTUM.

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