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).
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 248.62 Million |
| Market Size by 2028 | US$ 526.39 Million |
| CAGR (2021 - 2028) | 11.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Tunable Lasers Market is valued at US$ 248.62 Million in 2021, it is projected to reach US$ 526.39 Million by 2028.
As per our report North America Tunable Lasers Market, the market size is valued at US$ 248.62 Million in 2021, projecting it to reach US$ 526.39 Million by 2028. This translates to a CAGR of approximately 11.3% during the forecast period.
The North America Tunable Lasers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Tunable Lasers Market report:
The North America Tunable Lasers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Tunable Lasers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Tunable Lasers Market value chain can benefit from the information contained in a comprehensive market report.
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