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)
The tunable lasers market in South America is expected to grow from US$ 50.00 million in 2021 to US$ 79.89 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
The deployment of tunable lasers in the manufacturing & industrial sectors is mainly driven by the increased application of optical technologies for the mass production of consumer devices. The demand for tunable lasers in semiconductor & materials processing applications has increased with the growth of consumer electronics applications, including micro sensing, flat panel displays, and lidar. They are also used in industrial fiber optics sensing applications, including distributed strain, temperature mapping, and distributed shape measurement.. Furthermore, the growing use of holographic optical elements in augmented reality (AR) displays has increased the usage of tunable lasers.
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.
South America Tunable Lasers Market Revenue and Forecast to 2028 (US$ Million)
South America Tunable Lasers Market Segmentation
South America Tunable Lasers Market - By Type
Solid-State Gas Free-Electron Laser Others South America Tunable Lasers Market - By End-User
Manufacturing Telecommunications Medical & Biotechnology Aerospace Electronics & Semiconductor Others South America Tunable Lasers Market - By Technology
Cavity Diode Laser Distributed Bragg Reflector Vertical Cavity Surface Emitting Lasers (VCSELs) Micro Electro Mechanical System (MEMS)South America Tunable Lasers Market - By Wavelength
Less than 1000 nm 1000-1500 nm Above 1500 nm South America Tunable Lasers Market- By Country
Brazil Argentina The Rest of South America South America Tunable Lasers Market-Companies Mentioned
Coherent, Inc. EXFO Inc. FURUKAWA ELECTRIC CO., LTD HÜBNER Gmb H & Co. KG KEYSIGHT TECHNOLOGIES Neo Photonics Corporation
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