Europe 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 & Semicon

Europe 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) 

The tunable lasers market in Europe is expected to grow from US$ 260.42 million in 2021 to US$ 461.42 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028.

Tunable lasers enable adjusting the output wavelength as per its use cases. High-speed tuning is possible with a few tunable lasers, referred to as wavelength agile or frequency agile. Tunable lasers work in a continuous mode with a narrow emission bandwidth. Increased capacity of fiber optic components through dynamic configuration is further projected to drive the tunable laser market demand. Further, due to constant technological innovations, declining product prices, player consolidations, and fierce competition, the tunable lasers market has experienced a rise in demand from various applications, such as photochemistry, spectroscopy, optical communications, and atomic vapor laser isotope separation. The scientific research institutes and universities rely on acute measuring equipment for developing multiple photonics technologies, including light detection and ranging (Li DAR), fiber optics, optical lenses, nuclear emission study, and laser diode spectroscopy. The widespread application of tunable lasers in photobiology, hyperspectral imaging, detector calibration, spectroscopy (reflection and transmission), and several other medical applications, such as therapeutic, diagnostic applications, and laser-based face and skin rejuvenation treatments, is propelling the Europe tunable laser market growth.

Italy, the UK, Russia, France, and Germany are among the worst affected economies in Europe due to the COVID-19 outbreak. The region is facing a severe financial crisis as businesses either had to reduce their activities substantially or suspend their operations. Due to travel restrictions, lockdowns, and supply chain disruptions, the region witnessed an economic slowdown in 2021. Moreover, the pandemic has resulted in the shutdown of various companies in the industrial manufacturing domain, which has impacted the demand for ultrafast laser systems. Europe is a major industrial hub for several sectors, such as machinery, manufacturing, and logistics. However, due to lockdowns, travel restrictions, and supply chain disruptions, the region has witnessed a decline in operational activities in these industries, which has impacted the growth of the tunable lasers market in Europe. However, with the introduction of vaccination drives in various European countries, the overall post-pandemic situation is improving, which will also increase the demand for ultrafast lasers.

Europe Tunable Lasers Market Revenue and Forecast to 2028 (US$ Million)

Europe Tunable Lasers Market Segmentation

Europe Tunable Lasers Market - By Type

Solid-State Gas Free-Electron Laser Others Europe Tunable Lasers Market - By End-User

Manufacturing Telecommunications Medical & Biotechnology Aerospace Electronics & Semiconductor Others Europe Tunable Lasers Market - By Technology

Cavity Diode Laser Distributed Bragg Reflector Vertical Cavity Surface Emitting Lasers (VCSELs) Micro Electro Mechanical System (MEMS)Europe Tunable Lasers Market - By Wavelength

Less than 1000 nm 1000-1500 nm Above 1500 nm Europe Tunable Lasers Market- By Country

Germany France Italy Russia The UK The Rest of Europe Europe Tunable Lasers Market-Companies Mentioned

Coherent, Inc. EMCORE Corporation EXFO Inc. FURUKAWA ELECTRIC CO., LTD HÜBNER Gmb H & Co. KG ID Photonics Gmb H KEYSIGHT TECHNOLOGIES Lumentum Operations LLC Luna Innovations Inc. Neo Photonics Corporation SANTEC CORPORATION Toptica Photonics AG

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