Middle East and Africa 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 the Middle East & Africa is expected to grow from US$ 21.20 million in 2021 to US$ 29.46 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
Major players operating in the North America tunable lasers market include Coherent, Inc.; EXFO Inc.; and Neo Photonics 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 September 2021, Neo Photonics 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
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.
Middle East & Africa Tunable Lasers Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Tunable Lasers Market Segmentation
Middle East & Africa Tunable Lasers Market - By Type
Solid-State Gas Free-Electron Laser Others Middle East & Africa Tunable Lasers Market - By End-User
Manufacturing Telecommunications Medical & Biotechnology Aerospace Electronics & Semiconductor Others Middle East & Africa Tunable Lasers Market - By Technology
Cavity Diode Laser Distributed Bragg Reflector Vertical Cavity Surface Emitting Lasers (VCSELs) Micro Electro Mechanical System (MEMS)Middle East & Africa Tunable Lasers Market - By Wavelength
Less than 1000 nm 1000-1500 nm Above 1500 nm Middle East & Africa Tunable Lasers Market- By Country
South Africa Saudi Arabia The UAE The Rest of the Middle East & Africa Middle East & Africa Tunable Lasers Market-Companies Mentioned
Coherent, Inc. EMCORE Corporation EXFO Inc. FURUKAWA ELECTRIC CO., LTD KEYSIGHT TECHNOLOGIES Neo Photonics Corporation
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