Tunable Laser Market Research Report - Forecast till 2027

Tunable Laser Market Research Report: By Frequency (1.26um-1.36um (O-Band), 1.57um-1.63um (L-Band), 1.53um-1.57um (C-Band), 1.46um-1.53um (S-Band), 0.77um-0.91um (Ultra-narrow Linewidth), 1.36um-1.46um (E-Band), 1.63um-1.68um (U-Band), 2um), By Vertical (Manufacturing, Semiconductor, Aerospace & Defense, Energy & Utilities, Healthcare, Telecommunication and Networking, Others), By Application (Spectroscopy, Laser Cooling, Metrology, Optical Fiber Communication, Others) - Forecast till 2027

ID: MRFR/SEM/8937-CR | February 2021 | Region: Global | 106 pages

Tunable Laser Market Snapshot

Tunable Laser Market is expected to grow at an 8.19% CAGR, witnessing substantial growth during the forecast period. The tunable laser market was valued at USD 814 Million in 2019; it is expected to reach USD 1,353.5 million by 2026. The tunable lasers market is witnessing tremendous growth in recent times owing to the potential advantages and rising number of end-user applications. The tunable lasers were increasingly used in the life sciences, biochemistry, healthcare sector, medical imaging system, various branches of spectroscopy, and so on. With the rapid transformation in infrared and optical spectroscopy, tunable lasers are also increasingly gaining popularity since they are capable of determining the toxicity and poison ratio in the sample compounds. The ability to produce quicker results at an affordable rate is considered the major driving factor of the Tunable lasers industry. Unlike other lasers, the wavelength of the tunable lasers can be altered and the varied types of the tunable lasers that include, gas, liquid, solid-state that are suitable for varied applications are further driving the Tunable laser market growth.


COVID 19 Analysis:


The COVID 19 pandemic has brought in severe disruption in the production and the sales sector across the globe. Moreover, the stakeholders of the Tunable laser industry were severely affected since the production and the other manufacturing activities were closed thorough out the pandemic. The primary end-user industries of the Tunable Laser industry are automotive and manufacturing industries, the cutting, welding, and other processes in the manufacturing industries were halted and reduced during the pandemic and therefore reduced the Tunable laser market demand significantly. 


Moreover, other issues such as the rarity of the raw materials, logistics restrictions imposed by the governmental organizations have also adversely impacted the overall growth of the Tunable Laser industry. On the other hand, the demand for medical devices was significantly increased during the pandemic, to leverage medical emergencies. Therefore the demand for tunable laser equipment was increasing concerning medical appliances. 


Market Dynamics:


Market Drivers:


Industrial projects were increasingly demanding for higher bandwidth and enhanced data transfer capabilities with higher speed at lower costs. This increasing demand for quality in the data transfer and the growing consumer base for consumer electronics is considered as the primary drivers of the Tunable Laser industry. 


The wide range of applications of the Tunable laser industry such as nanotechnology applications, solar cells, photoluminescence study, study related to the characterization of the gold nanoparticles, medical imaging systems, and so on. Such varied applications are currently driving the overall growth of the Tunable laser industry. 


Market Opportunities:


The increasing urbanization and digitalization of the organizations and the increasing demand for smartphones and social networking have increased the demand for network expansion; such factors are expected to propel the Tunable laser market growth in the forecast period. 


Potential advantages include flexibility with the tuning options according to the application, various tuning characteristics, cost control is considered as the major growth stimulating factors of the Tunable Laser industry. The scientific researches that revolve around Fiber optics, nuclear emission, laser diode spectroscopy, are highly dependent on the Tunable lasers, which therefore present an opportunity for the overall growth of the Tunable Laser industry. 


Market Restraints:


Lack of technical skilled personnel in handling the Tunable laser is hindering the overall growth of the Tunable laser industry. The modification of the Tunable lasers in recent times also prevents their wide usage.


The optical path length of the tunable lasers is considered to be difficult when the reflectors are placed on either side of the cavity because the setup affects the wavelength causing it to be unstable. Such difficulty in handling, higher costs, and poor reliability in certain cases are also affecting the overall growth of the Tunable laser industry.


Market Challenges:


Some of the tunable lasers are not extremely flexible, they can be tuned for only narrow ranges for a maximum of about 3-4nm, which is not suitable for certain applications. On the other hand, the highly flexible tunable lasers cost over three times higher than their counterparts. The expensive factor is due to the complexity of the manufacturing processes involved. Such factors are presenting challenges for the Tunable laser market growth.


The tunable lasers that are capable of providing a higher flexible range require extra testing after the manufacturing and deploy novel technologies that have not reached voluminous demand yet in the market. 


Cumulative Growth Analysis:


The spectroscopy branch of science involves the deep study of the atomic structure of the sample, muscle, determining the oxygen concentration of water ecosystems, studies related to distant galaxies and improvisation of drugs, and so on. The ongoing development in spectroscopy technology which intensively utilizes the tunable laser is expected to drive the growth of the Tunable laser industry. The oxygen tunable diode laser spectrometers are crucial in safety applications and industrial processes due to their fast responsiveness compared to other technologies. The accurate measurement of the gases’ composition, environmental conditions, and other beneficial features has introduced themselves into the industries that are prone to catastrophic accidents. Some of the industries that deploy the Tunable Diode Laser spectrometers are gas analyzing labs, chemical processing industries. Therefore the increasing number of applications has impacted the overall growth of the Tunable Laser industry. Therefore the market value of the Tunable Laser industry was at USD 814 million in the year 2019 and expected to surpass the market value of over USD 1353.5 million by the year 2026 with a steady CAGR of 8.19% during the forecast period.


Value Chain Analysis: 


The primary end-user industry of the Tunable laser industry is the automotive industry. The increasing investment in the automotive industry and the government regulations that demand quality and mileage with reduced emission of CO2 gases has propelled the automotive manufacturers to adopt the recent developments in the tunable laser. The advancing technologies concerning medical devices have increased the Tunable laser market demand in recent times, eventually post-pandemic. On the other hand the increasing demand in industrial applications which includes, drilling, cutting, welding, engraving, marking and communication are also intensively using laser technologies to precise processes and to increase the production rate. Other applications of the Tunable laser include fiberoptic sensing applications such as monitoring the wind turbine health, monitoring the health of power generators, monitoring the health of the aircraft, and so on.


Segment Overview:


Based on Frequency


  • 1.26um-1.36um (O-Band)

  • 1.57um-1.63um (L-Band)

  • 1.53um-1.57um (C-Band)

  • 1.46um-1.53um (S-Band)

  • 0.77um-0.91um (Ultra-narrow Linewidth)

  • 1.36um-1.46um (E-Band)

  • 1.63um-1.68um (U-Band)

  • 2um.


Based on Vertical:


  •  Manufacturing

  • Semiconductor

  • Aerospace & Defense

  • Energy & Utilities

  • Healthcare

  • Telecommunication

  • Networking

  • Others


Based on Types:


  • Continuous-wave

  • Amplified Laser

  • Ultrafast

  • High energy pulsed

  • Others


Based on Application:


  • Spectroscopy

  • Laser Cooling

  • Metrology

  • Optical Fiber Communication

  • Others


Regional Analysis:


The Asia-pacific region is considered as the major consumer and manufacturer of laser technologies, owing to the development of the manufacturing hubs across the region. Additionally, the availability of abundant raw materials, semiconductors, and electronic components in the countries like China, Taiwan, Japan, and South Korea are propelling the Tunable laser market growth in the Asia Pacific region. Moreover, the countries abroad acquire raw materials and other materials required for the manufacturing of tunable lasers from Asia-pacific regions only. Therefore experts estimate that the Asia-pacific region is expected to hold the higher market value for the Tunable laser industry in the forecast period.


On the other hand, the increasing development of the automotive sector in the countries such as Europe and North America is also expected to witness a healthy market growth in the forecast period owing to the intensive deployment of Tunable lasers in the vehicles.


 Competitive Landscape:


  • Yokogawa Electric Corp (Japan)

  • Mettler Toledo (US)

  • Toptica Photonics (Germany)

  • Hubner GmbH & Co KG (Germany)

  • Agilent Technologies Inc. (US)

  • Focused Photonics Inc. (China)

  • Luna (US)

  • NEC Corporation (Japan)

  • NeoPhotonics Corporation (US)

  • Santec Corporation (Japan)


Recent Developments:


In the year 2021, one of the leading market players, Yokogawa Electric Corporation has developed the TDLS8200 tunable diode laser spectrometer. The probe type variant of the tunable diode laser is capable of determining the composition of the oxygen, methane gas, carbon monoxide, simultaneously at a higher speed ever registered by other types of the laser diode. The gas and oil industries are expected to get benefited from this novel invention.


In the year 2018, one of the leading LiDAR system developers has announced their integration of LiDAR systems with the tunable lasers which are deployed in the autonomous driving application in the autonomous industry.


Report Overview:


This report has covered:


  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments

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Frequently Asked Questions (FAQ) :

The market size is estimated to reach USD 1,353.5 million by 2026.

The market is expected to grow at a CAGR of 8.19%.

The major factors boost the global tunable laser market include developments across photonics and measurement instruments, growing network congestion and traffic, and adoption of spectroscopy in healthcare and other related applications.

APAC will hold the largest market share during the forecast period.

Yokogawa Electric Corp (Japan), Mettler Toledo (US), Toptica Photonics (Germany), Hubner GmbH & Co KG (Germany), Agilent Technologies Inc. (US), Focused Photonics Inc. (China), Luna (US), NEC Corporation (Japan), NeoPhotonics Corporation (US), and Santec Corporation (Japan) among others.