Acousto Optic Devices Market Share 2021, Global Industry Size, Growth, Segments, Revenue, Manufacturers and 2024 Forecast Research Report
Posted on Aug 2 2021 9:48 AM
"Acousto Optic Devices Market Growth 2021-2024 Global Industry Research report presents an in-depth analysis of the Acousto Optic Devices market size, growth, share, segments, manufacturers, and technologies, key trends, market drivers, challenges, standardization, deployment models, opportunities, future roadmap and 2024 forecast."
Global "Acousto Optic Devices Market" (2021-2024) examines the effect of different Factors affecting the market development and drivers, further reveals insight into market outline, key producers, key received by them, size, most recent patterns and types, income, net edge with provincial investigation and conjecture. This report likewise contemplates the worldwide Acousto Optic Devices market status, rivalry scene, market share, development rate, future patterns, market drivers, openings and difficulties, deals channels and wholesalers. Territorially, this report orders the creation, clear utilization, fare and import of Acousto Optic Devices in North America, Europe, China, Japan, Southeast Asia and India.
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List of TOP KEY PLAYERS in Acousto Optic Devices Market Report are -
● Gooch and Housego PLC
● Brimrose Corporation Of America
● Isomet Corporation
● Harris Corporation
● AMS Technologies AG
● AA Opto Electronics Ltd.
● IntraAction Corporation
● Lightcomm Technology Co. Ltd.
● A.P.E. Angewandte Physik & Elektronik GmbH
● Coherent Inc.
"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The acousto optic devices market is expected to register a CAGR of 7.24% during the forecast period (2019 - 2024). The use of acousto optic devices varies for a wide range of wavelengths to measure or process laser beams for different processes, systems, and applications. These devices require different AO materials according to the requirements for varying levels of light intensity. Acousto optic devices can deflect and modulate laser. The performance of these devices is achieved by making a high-quality single crystal. Modulators are used across different industry verticals and have enhanced the capability for controlling frequency, direction, and power of laser beam with an electric signal. They are also used in the semiconductors industry where it is needed in laser equipment for electronic control of the laser beam.
- Acousto-optic devices are gaining importance due to the growing demand for laser applications in the life science and scientific research vertical. There is an increase in demand for acousto-optic modulators, which is expected to drive the growth of the acousto-optic devices market.
- Due to rising demand for laser devices in healthcare vertical for wrinkle reduction, tattoo removal, skin resurfacing, optical coherence tomography, LASIK surgery, hair removal, body contouring etc this market is attaining growth.
- There are high initial cost and increasing requirement-specific research and development expenses on this technology which may hinder the growth of the market. Various acousto-optic devices such as deflectors, modulators, and tunable filters are widely used in order to modulate the intensity and frequency of laser beams for laser scanning applications.
Scope of the Report:
Acousto-optic devices are widely used with laser systems internally or externally for the electronic control of the position and intensity of the laser beam. The methods of modulation of optical beams through acousto-optics find wide applications in spectroscopy, optics and laser technology. the study considers the finished acousto-optic device ready for the end-user industry application. The operation of acousto-optic devices is based on the phenomenon of light diffraction by ultrasonic waves in crystals.
Key Market Trends:
Laser Processing Expected to Witness Significant Growth
- Laser Processing Acousto Optic Devices are used with laser systems for marking semiconductor components. Various players in this market provide high-speed semiconductor marking solutions, which boosts the demand for acousto-optic devices technology in semiconductor and electronics vertical. Laser processing acousto-optic devices have a lot of opportunities.
- Laser Systems are adopted by various manufacturing plants worldwide to ensure precision in welding, cutting, engraving, and marking of products. Lasers are also used in the automotive industry to cut composite material and airbag cloth.
- Some other applications and uses in the automotive sector are welding of components such as gears, doors, and powertrains. The packaging industry uses laser systems to mark batch numbers and expiration dates. Thus, the rising investments in manufacturing facilities will drive the demand for laser systems, in turn, driving the acousto-optic devices market.
Asia-Pacific Expected to Witness Significant Growth
- Asia-Pacific region is expected to witness significant growth in the upcoming years. This region is fast picking up pace in the acousto-optic market owing to growing industrialization and adoption of optical technologies to provide accurate solutions by developing countries. Countries such as China, Japan, South Korea, and India are some of the major markets.
- The huge growth in the semiconductor industry, along with emerging applications of acousto optic devices are some of the reasons contributing to the growth of the overall market. Due to the rapid industrialization in this region is contributing to the growth of this market.
- Due to increasing demand for laser devices by the automotive industry, there is a growth in this market. For instance, laser devices are increasingly being used by automotive manufacturers for cutting and welding body parts such as seat backs and door panels. According to the International Organization of Motor Vehicle Manufacturers, in 2016, 28,118,794 vehicles were produced in China. Similarly, 4,488,965 and 9,204,590 vehicles were produced in India and Japan respectively in 2016.
The acousto optic devices market is fragmented and is a highly competitive market without dominant players present in the market. The key players are focusing on innovation in production technologies in order to improve efficiency.
- February 2019 - Gooch and Housego PLC partners on a new European project on miniature lasercom transceivers. This project aims to develop the next generation miniature lasercom transceivers enabling greater than 50 Gb/s satellite constellation interconnectivity.
- October 2018 - AA Opto Electronics Ltd. introduced a compact visible modulator for applications where space is a concern. AA proposed a compact modulator for visible range 450-700nm with a soft RF cable to make the integration easier.
Global Acousto Optic Devices Market Segmentation by Types, By Applications and by Region:
Global Acousto Optic Devices market is analyses and market size information is provided by regions (countries). Segment by Application, the Acousto Optic Devices market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2024. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2024.
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Acousto Optic Devices Market Segment by Region:● North America [U.S., Canada, Mexico]
● Europe [Germany, UK, France, Russia, Italy, Rest of Europe]
● Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
● South America [Brazil, Argentina, Rest of South America]
● Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
Reasons to Purchase this Report:● The report analyses how the stringent emission control norms will drive the global Acousto Optic Devices market.
● Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
● Study on the product type that is expected to dominate the market.
● Study on the regions that are expected to witness fastest growth during the forecast period.
● Identify the latest developments, market shares and strategies employed by the major market players.
● 3 months analyst support along with the Market Estimate sheet (in excel).
● Identify the current and future prospects of the global marine composite market in the developed and emerging markets
● Information of the segment that is expected to dominate the market
● Identify the region that is expected to witness fastest growth during the forecast period
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Major Points from Table of Contents:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Laser Applications
4.3.2 Increase in the Number of Modulators
4.4 Market Restraints
4.4.1 High Initial Cost and Increasing R&D Expenses
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Device Type
5.1.3 Frequency Shifter
5.1.5 Tunable Filters
5.1.6 Other Device Types
5.2 By Application
5.2.1 Material Processing
5.2.2 Laser Processing
5.2.3 Other Applications
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 Rest of the world
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gooch and Housego PLC
6.1.2 Brimrose Corporation Of America
6.1.3 Isomet Corporation
6.1.4 Harris Corporation
6.1.5 AMS Technologies AG
6.1.6 AA Opto Electronics Ltd.
6.1.7 IntraAction Corporation
6.1.8 Lightcomm Technology Co. Ltd.
6.1.9 A.P.E. Angewandte Physik & Elektronik GmbH
6.1.10 Coherent Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
. . . Continued
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