Report : South 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)Â
1000nm - 1500nm Segment to Dominate South America Tunable Lasers Market during 2019–2028
According to a new market research study on “South America 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$ 79.89 million by 2028 from US$ 50.00 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. Growing adoption across manufacturing and industrial sectors is the major factor driving the growth of the South America tunable lasers market. However, supply chain disruptions may hinder the growth of South America tunable lasers market. The report provides trends prevailing in the South America tunable lasers market along with the drivers and restraints pertaining to the market growth.
Brazil has the highest number of COVID-19 cases in the region, followed by Colombia, Argentina, and Peru. Governments of numerous countries are taking several measures, such as trade bans, lockdowns, and travel restrictions, to control the spread of COVID-19 in the region. Such measures are expected to adversely affect the economic growth of South America as it will face lower export revenues. Thus, the slowdown of the overall economy of South America due to poor exports and delays in various manufacturing projects is expected to hamper the demand for advanced technologies, including tunable lasers, thus negatively impacting the tunable lasers market.
The South America tunable lasers market segmented by type, end-user, technology, wavelength, and country. Based on type, the South America tunable lasers market is segmented into solid-state, gas, free-electron lasers, and others. In 2020, the solid-state segment held the largest share South America tunable lasers market. The South America tunable lasers market by end-user has been segmented into manufacturing, telecommunications, medical & biotechnology, aerospace, electronics & semiconductor, and others. In 2020, the telecommunications segment held the largest share South America tunable lasers market. Based on technology, the South America 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 South America tunable lasers market. Based on wavelength, the South America tunable lasers market is segmented into less than 1000nm, 1000nm-1500nm, and above 1500nm. In 2020, the 1000nm-1500nm segment held the largest share South America tunable lasers market. Similarly, based on country, the market is segmented into Brazil, Argentina, and rest of South America. Brazil contributed a substantial share in 2020.
Coherent, Inc.; EXFO Inc.; FURUKAWA ELECTRIC CO., LTD; HÜBNER GmbH & Co. KG; KEYSIGHT TECHNOLOGIES; and NeoPhotonics Corporation are among the leading companies in the South America 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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