The global tunable lasers market is expected to witness significant growth over the forecast period owing to increasing network traffic and surging bandwidth demand. This may be attributed to growing market trends such as cloud computing, Voice over Internet Protocol (VoIP), Voice On Demand (VOD) and data centers. Tunable lasers ease addition or deletion of bandwidth by remote control, thereby encouraging varied on-demand services, further fueling tunable lasers market growth.
High smartphone penetration and social networking has created huge requirement for network capacity, which is further anticipated to spur the need to meet network expansion demand through usage of tunable lasers. Surging manufacturers’ need for transmitters in metro networking markets are expected to increase tunable lasers demand in the near future. Further, invaluable factors such as flexible tuning options, cost control, competitive advantage, and implementation speed for metro network carriers are anticipated to fuel tunable laser market demand extensively.
Highly lucrative opportunity in fiber optic components market including tunable lasers is expected to propel tunable laser market demand owing to increase in capacity through dynamic configurability. The global tunable lasers market is expected to develop and expand over the next few years owing to factors such as continuous technology innovation, decelerating product prices, player consolidations, and intense competition. Surging demand across diverse range of applications such as photochemistry, spectroscopy, optical communications, and atomic vapor laser isotope separation is a key force that is expected to drive global tunable lasers market growth.
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Widespread usage of tunable lasers in photobiology, hyper spectral imaging, detector calibration, and spectroscopy (reflection & transmission) further fuels tunable lasers market demand. Extensive application of tunable lasers in medical segments including therapeutic and diagnostic applications is expected to drive the tunable laser market significantly. Further, upsurge in demand for laser-based facial and skin rejuvenation treatments is expected to accelerate demand for CO2 lasers, which in turn drives the tunable laser market growth. Additionally, advancement in chemistry and nanotechnology inflates applications of optics in medical sector, which further pushes the boundaries for tunable lasers. Tunable lasers market demand is foreseen to surge due to its usage in hyper spectral imaging development to facilitate early retinal disease detection.
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