Global Acousto-optic Devices Market
Posted by Ganesh Mane on February 14th, 2021
Global Acousto-Optic Devices Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7.3% during the forecast period.
Global Acousto-optic Devices Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Acousto-optics is a branch or sub division of physics that studies the interactions between light waves and sound waves in a transparent medium. Acousto optics devices are used for the signal processing, modulation, deflection, and optical frequency shifting of light beams. These devices are widely used in the study and measurement of ultrasonic waves.
A surge in the adoption of acousto optic devices in structural health monitoring, non-destructive testing and in many other biomedical applications is the major driving factor behind the growth of the market. A growing implementation of highly developed acousto optic (AO) materials, increasing significance of laser light applications in scientific field, escalating performance and availability of laser, rising adoption of fibre lasers and growing demand for AO devices in applications such as Q-switching, regenerative amplifiers, cavity dumping and many others are expected to improve growth of the market during the forecast period.
Global Acousto-optic Devices Market: Segmentation Analysis
By device, acousto-optic modulator segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. An acousto-optic modulator (AOM) is a device that uses the acousto-optic effect to shift and diffract the light frequency using sound waves. An increasing use of AOMs for frequency control in spectroscopy, for signal modulation in telecommunications and for Q-switching in lasers is attributed to the growth of the market. In addition, rising demand for AOMs in applications such as in hyperspectral imaging, confocal microscopy, laser Doppler vibrometer and in digital imaging application is expected to expand the growth of AO device market during the forecast period.
By industry, industrial segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising adoption of AO devices in various industrial processing applications is accredited to the growth of the market. The AO devices are used in applications such as laser printing, processing, scanning, material processing and many others. These applications are ultimately increasing the demand for acousto-optic devices in the industrial sector.
Global Acousto-optic Devices Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The economies such as China, Japan, India and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for semiconductor industry along with the high adoption of AO devices.
The objective of the report is to present a comprehensive analysis of the Global Acousto-optic Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Acousto-optic Devices Market dynamics, structure by analyzing the market segments and projects the Global Acousto-optic Devices Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Acousto-optic Devices Market make the report investor’s guide.
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The Scope of Global Acousto-optic Devices Market
Global Acousto-optic Devices Market, By Device
• Acousto-optic Modulator
• Material Processing
• Aerospace and Defense
• North America
• Gooch & Housego PLC
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About the AuthorGanesh Mane
Joined: January 27th, 2021
Articles Posted: 125
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