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Acousto-optic Devices - Global Market Trajectory & Analytics

  • ID: 4804532
  • Report
  • April 2021
  • Region: Global
  • 292 pages
  • Global Industry Analysts, Inc
Global Acousto-optic Devices Market to Reach $567.8 Million by 2027

Amid the COVID-19 crisis, the global market for Acousto-optic Devices estimated at US$377 Million in the year 2020, is projected to reach a revised size of US$567.8 Million by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Modulators, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$115.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Deflectors segment is readjusted to a revised 6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $102 Million, While China is Forecast to Grow at 9.2% CAGR

The Acousto-optic Devices market in the U.S. is estimated at US$102 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$122 Million by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Tunable Filters Segment to Record 5.5% CAGR

In the global Tunable Filters segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$73.3 Million in the year 2020 will reach a projected size of US$103.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$76.5 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Aa Opto Electronic
  • AMS Technologies AG
  • Brimrose Corporation of America
  • Coherent, Inc.
  • Gooch & Housego PLC
  • Harris Corporation
  • Intraaction Corp.
  • Isomet Corporation
  • Lightcomm Technology Co., Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Product Overview
  • Acousto-optics
  • Acousto-optic Devices
  • Acousto-optic Modulator
  • Deflectors
  • Tunable Filters
  • Frequency Shifters
  • Acousto-Optical Effects - Principles and Applications
  • Rise in Use of lasers in Processing Applications Fuels Growth
  • Exhibit 1: Global Market Estimates for Lasers: 2010-2019
  • Exhibit 2: Global Lasers Market by Segment: 2018
  • Growing Interest in Photoacoustic Imaging Catalyses Demand for Acousto-optic Devices
  • Rise in Demand for High Speed Precision Beam Control High Speed Generates Demand for Acousto-optical Deflector Devices
  • Expanding Research in Imaging Cytometry Opens New Growth Opportunities
  • Rise in BioMedical Application of Optical coherence tomography Augers Well for Market Growth
  • Rise in Demand for Non Destructive Imaging Expands Application Opportunity for Acousto-optic Devices in Multiphoton Microscopy
  • Tunable Filters Find Increasing use in Biomedical Applications
  • Acousto-Optic Devices in Space Applications
  • Acousto-optic Modulator Enable Use of Ultrafast lasers in Processing Applications
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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