Acousto Optic Devices Market - Forecast(2024 - 2030)

Report Code: ESR 90679 Report Format: PDF + Excel

Acousto Optic Devices Market Overview

Acousto Optic Devices Market Size is forecast to reach $540 million by 2026, at a CAGR of 8.64% during 2021-2026. Acoustic optic devices are operated as a modulator by keeping the acoustic wavelength (frequency) fixed and varying the drive power to vary the amount of light in the deflected beam generally used for controlling the power of a laser light with an electric drive signal. Acoustic optical devices are finding their applications in multiple areas such as aerial observation, medical microscopy, and endoscopy and art conservation. Research conducted in imaging cytometry, photoacoustic imaging, optical coherence tomography, and multiphoton microscopy in biomedical imaging and scanning has surged the demand for acousto optic devices. Acoustic optical devices are using ultrasonic grating technology owing to which they are finding applications in many medical and clinical applications. The surge in consumer electronics applications such as micro sensing, flat panel display, and LiDar, has also propelled the demand for acousto-optic devices in semiconductor and materials processing applications as they are manufactured through non-destructive testing techniques.

Report Coverage

The report: “Acoustic Optic Devices Market Report– Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Acoustic Optic Devices Market

By Device Type: Modulator, Deflector, Q-Switch, Tunable Filter, Frequency Shifter, Mode Locker, RF Driver, Pulse Picker.
By Application: Material Processing, Laser Processing, Micro Processing, Others.
By End Use: IT and Telecommunication, Aerospace and Defense, Semiconductor and Electronics, Oil and Gas, Healthcare, Others.
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific is one of the most significant regions for the Acousto Optic Devices market, mainly due to growing industrialization and adoption of optical technologies to provide accurate solutions by developing countries such as China, Japan, India, South Korea and others.
  • Emerging applications of acousto-optic devices along with the increasing construction of electronics, manufacturing facilities, massive growth in the semiconductor industry are expected to boost the growth of the market.
  • Growing need for laser devices in the healthcare vertical for LASIK surgery, hair removal, tattoo removal, skin resurfacing, wrinkle reduction, optical coherence tomography, body contouring along with the growing trend toward laser-based fiber optic sensing systems for robotics applications, as they offer maximum precision and repeatability needed to control and measure very fine movement, is anticipated to augment the demand in the market.

    Global Acoustic Optical Devices Market, By Region, 2020

    Global Acoustic Optical Devices Market
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Acoustic Optical Devices Market Segment Analysis - By Application

Laser Processing segment held significant market share of 26.12% in 2020, owing to rising utilization of expensive laser-drilling technique for oil & gas exploration along with the decreasing drilling costs. Moreover the increasing technological advancements in medical sector has spur the demand for surgical lasers where laser light is used providing smaller incisions, and lesser pain. Healthcare industry is considered as one of the major sectors in European countries such as UK, Germany, France and others due to higher demands towards medical services as well as rising investments towards adoption of advanced medical equipment surged by the geriatric population driving the need for ultrasonic grating and nondestructive testing techniques. A Swiss based startup, Creal had raised a funding of $7.4 million from Investiere and DAA Capital Partners along with receiving grant funding from the European Union’s Horizon 2020 research and innovation program. This investment will be helping the company to continue their research work towards making advanced surgical laser light along with nondestructive testing and ultrasonic grating. In addition, increase in demand for fiber lasers for communication purposes and growth of the wireless infrastructure is anticipated to boost the market growth in the forecast period 2020-2026.

Acoustic Optical Devices Market Segment Analysis - By End Use

Aerospace & Defense is expected to witness a highest CAGR of 9.01% in the forecast period as these devices facilitate the development of defensive systems and reduces the operational costs along with improvement in satellite surveillance using RF based optical networks in satellites. According to European Union, the total turnover of EU aerospace sector $151 billion with maximum spending in R&D. Around 12% of turnover is directed towards R&D in aerospace industry. According to the Boeing Services Market Outlook report, in 2019 the commercial aviation industry is expected to have a remarkable growth in APAC. This is also lead to the rise in commercial airplane deliveries which will in turn drive the need for aviation services. Hence these factors are analyzed to drive the Acoustic Optical Devices Market Size in the forecast period 2021-2026.

Acoustic Optical Devices Market Segment Analysis - By Geography

APAC region is dominating Acoustic Optical Devices Market growth. This region held significant market share of 30.66% in 2020. Asia-Pacific is one of the most significant regions for the acoustic optical devices market, mainly due to government policies favoring the growth of semiconductor manufacturing and healthcare. Also, the region is the largest producer of consumer electronics leading to the surge in smartphones, laptops uses. In 2020, the Chinese government raised around $23-30 billion to pay for the second phase of its National IC Investment Fund. The Government of India invested $33.87 million in Sultanpur Medical devices Park Project, Telangana for the development of medical devices, $27.09 million Palghar Medical Factory up gradation project, $68 million in medical devices cluster project and $136 million in Medical equipment manufacturing project. With this need for laser-based systems using the laser light, the demand for acousto-optic modulators, deflectors, and tunable filters increases as they are using various techniques such as ultrasonic grating and non-destructive testing. Moreover, acuosto optic devices are finding their applications in multilayer dielectric diffraction where ultrasonic diffraction is used. According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth $ 32.35 billion by 2025, further providing ample opportunities for the Acoustic Optical Devices Market.

Acoustic Optical Devices Market Drivers

Surge in laser-based fiber optic sensing in Aerospace applications:

Ongoing developments in aerospace are driving the growth of the market as the manufacturers are increasingly turning to fiber lasers to resolve their manufacturing challenges such as significant weight reduction and others. The rise in airplane reliability requirements in recent years has been compelled by the Federal Aviation Administration (FAA), which boosts worldwide confidence in the safety of aircraft and aircraft parts produced in the U.S. This led to the adoption of fiber lasers as they fiber lasers offer improved energy efficiency, smaller machine footprint, lower maintenance requirements, improved machine lifetime and faster cycle times for high-volume production along with reducing the aircraft weight. In addition, remarkable growth of the commercial aviation industry in the APAC region in particular has resulted in increasing aircraft production in recent years are analyzed to drive the Acoustic Optical Devices industry in the forecast period 2021-2026.

Increase in demand for semiconductor wafers and discrete semiconductor components leading to the increased usage of acoustic optical devices:

Wafer scale flexible surface acoustic wave-based technology is used to manufacture wafer silicon substrate providing the potential of high performance flexible wafer-scale devices by direct integration with mature complementary Metal Oxide semiconductor (CMOS) and microelectromechanical systems (MEMS) technology. According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth $ 32.35 billion by 2025. The report states that the country is a lucrative destination for global R&D centers. In 2021, Taiwan Semiconductor Manufacturing Co's (TSMC), board has approved $2.89 billion in spending to increase capacity. Tower Semiconductor is investing $150 million in 2021 and the first quarter of 2022 to expand manufacturing at its facilities in Israel, the US and Japan for the production of 200mm wafers, hence these capacity expansion are analysed to drive the Acoustic optical devices industry outlook in the forecast period 2021-2026.

Acoustic Optical Devices Market Challenges

Use of other waveguides resulting in the decreased efficiency of the acoustic optical devices

Although the acoustic optical devices such as modulators, deflectors, tunable filters, corelators and other devices are extensively applied in optical network and signal processing applications but it has strong piezoelectric effect and photo-elastic property. Due to the strong piezoelectric effect and photo-elastic property exhibited by these acoustic optical devices lithium niobate waveguides are used, however lithium niobate waveguide devices exhibit a large footprint and limited light–sound interaction resulting from the weak guiding of light. This weak guiding of the light results in the decrease of the efficiency which in turn is set to negatively impact the procurement of Acoustic Optical Devices during the forecast period 2021-2026.

Acoustic Optical Devices Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Acoustic Optical Devices Market. Acoustic Optical Devices top 10 companies include Coherent, Inc., Lightcomm Technology Co. Ltd., IntraAction Corporation, AA Opto Electronics Ltd., AMS Technologies AG, L3 Harris Technologies Inc., Hudson Robotics Inc., Brimrose Corporation, Gooch and Housego PLC among others.

Acquisitions/Product Launches

  • In November 2020, Teraxion launched PowerSpectrum TM TPSR-Xtended. It is designed for a high energy lasers to maintain high peak power without creating strong Self-Phase Modulation that would distort the pulse.
  • In February 2019, Housego Plc and Gooch developed next generation miniature lasercom transceivers enabling greater than 50 Gb/s satellite constellation interconnectivity. This approach was a strategic partnership on a new project on miniature lasercom transceivers.

Relevant Report Titles:

Report Code: ESR 0235

Report Code: ESR 0115

For more Electronics related reports, please click here

1. Acousto Optical Devices Market- Market Overview
    1.1 Definitions and Scope
2. Acousto Optical Devices Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by end user
    2.3 Key trends segmented by geography
3. Acousto Optical Devices Market–Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product Benchmarking
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 10 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Acousto Optical Devices Market– Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis – Top 10 companies
5. Acousto Optical Devices Market – Startup Company Scenario (Premium)
    5.1 Investment Analysis
    5.2 Venture Capital Funding Scenario
6. Acousto Optical Devices Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Acousto Optical Devices Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Acousto Optical Devices Market- By Device Type
    8.1 Modulator
    8.2 Deflector
    8.3 Q-Switch
    8.4 Tunable Filter
    8.5 Frequency Shifter
    8.6 Mode Locker
    8.7 RF Driver
    8.8 Pulse Picker
9. Acousto Optical Devices Market- By Application
    9.1 Material Processing
    9.2 Laser Processing
    9.3 Micro Processing
    9.4 Others
10. Acousto Optical Devices Market- By End Use
    10.1 IT & Telecommunication
    10.2 Aerospace & Defense
    10.3 Semiconductor & Electronics
    10.4 Oil & Gas
    10.5 Healthcare
    10.6 Others
11. Acousto Optical Devices Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Others
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Others
    11.4 APAC
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia & New Zealand
        11.4.6 Others
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Acousto Optical Devices Market- Entropy
13. Acousto Optical Devices Market- Industry Competition Landscape (Premium)
    13.1 Global Market Share
    13.2 Market Share by Region
    13.3 Market Share by Application
    13.4 Market Share by Device Type
    13.5 Market Share by End User
14. Acousto Optical Devices Market- Key Company List by Country Premium (Premium)
15. Acousto Optical Devices Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Signal Sciences Corporations
    15.3 Coherent, Inc.
    15.4 Lightcomm Technology Co. Ltd.
    15.5 IntraAction Corporation
    15.6 AA Opto Electronics Ltd.
    15.7 AMS Technologies AG
    15.8 L3 Harris Technologies Inc.
    15.9 Hudson Robotics, Inc.
    15.10 Brimrose Corporation
    15.11 Gooch and Housego PLC and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Device Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Modulators Market 2019-2024 ($M)
1.1.2 Deflectors Market 2019-2024 ($M)
1.1.3 Frequency Shifter Market 2019-2024 ($M)
1.1.4 Q-Switches Market 2019-2024 ($M)
1.1.5 Tunable Filters Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Material Processing Market 2019-2024 ($M)
1.2.2 Laser Processing Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Device Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Modulators Market 2019-2024 (Volume/Units)
3.1.2 Deflectors Market 2019-2024 (Volume/Units)
3.1.3 Frequency Shifter Market 2019-2024 (Volume/Units)
3.1.4 Q-Switches Market 2019-2024 (Volume/Units)
3.1.5 Tunable Filters Market 2019-2024 (Volume/Units)
3.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Material Processing Market 2019-2024 (Volume/Units)
3.2.2 Laser Processing Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Device Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Modulators Market 2019-2024 ($M)
5.1.2 Deflectors Market 2019-2024 ($M)
5.1.3 Frequency Shifter Market 2019-2024 ($M)
5.1.4 Q-Switches Market 2019-2024 ($M)
5.1.5 Tunable Filters Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Material Processing Market 2019-2024 ($M)
5.2.2 Laser Processing Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Device Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Modulators Market 2019-2024 ($M)
7.1.2 Deflectors Market 2019-2024 ($M)
7.1.3 Frequency Shifter Market 2019-2024 ($M)
7.1.4 Q-Switches Market 2019-2024 ($M)
7.1.5 Tunable Filters Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Material Processing Market 2019-2024 ($M)
7.2.2 Laser Processing Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Device Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Modulators Market 2019-2024 ($M)
9.1.2 Deflectors Market 2019-2024 ($M)
9.1.3 Frequency Shifter Market 2019-2024 ($M)
9.1.4 Q-Switches Market 2019-2024 ($M)
9.1.5 Tunable Filters Market 2019-2024 ($M)
9.2 By Application Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Material Processing Market 2019-2024 ($M)
9.2.2 Laser Processing Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Device Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Modulators Market 2019-2024 ($M)
11.1.2 Deflectors Market 2019-2024 ($M)
11.1.3 Frequency Shifter Market 2019-2024 ($M)
11.1.4 Q-Switches Market 2019-2024 ($M)
11.1.5 Tunable Filters Market 2019-2024 ($M)
11.2 By Application Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Material Processing Market 2019-2024 ($M)
11.2.2 Laser Processing Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Device Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Modulators Market 2019-2024 ($M)
13.1.2 Deflectors Market 2019-2024 ($M)
13.1.3 Frequency Shifter Market 2019-2024 ($M)
13.1.4 Q-Switches Market 2019-2024 ($M)
13.1.5 Tunable Filters Market 2019-2024 ($M)
13.2 By Application Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Material Processing Market 2019-2024 ($M)
13.2.2 Laser Processing Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)

LIST OF FIGURES

1.US Acousto Optic Devices Market Revenue, 2019-2024 ($M)
2.Canada Acousto Optic Devices Market Revenue, 2019-2024 ($M)
3.Mexico Acousto Optic Devices Market Revenue, 2019-2024 ($M)
4.Brazil Acousto Optic Devices Market Revenue, 2019-2024 ($M)
5.Argentina Acousto Optic Devices Market Revenue, 2019-2024 ($M)
6.Peru Acousto Optic Devices Market Revenue, 2019-2024 ($M)
7.Colombia Acousto Optic Devices Market Revenue, 2019-2024 ($M)
8.Chile Acousto Optic Devices Market Revenue, 2019-2024 ($M)
9.Rest of South America Acousto Optic Devices Market Revenue, 2019-2024 ($M)
10.UK Acousto Optic Devices Market Revenue, 2019-2024 ($M)
11.Germany Acousto Optic Devices Market Revenue, 2019-2024 ($M)
12.France Acousto Optic Devices Market Revenue, 2019-2024 ($M)
13.Italy Acousto Optic Devices Market Revenue, 2019-2024 ($M)
14.Spain Acousto Optic Devices Market Revenue, 2019-2024 ($M)
15.Rest of Europe Acousto Optic Devices Market Revenue, 2019-2024 ($M)
16.China Acousto Optic Devices Market Revenue, 2019-2024 ($M)
17.India Acousto Optic Devices Market Revenue, 2019-2024 ($M)
18.Japan Acousto Optic Devices Market Revenue, 2019-2024 ($M)
19.South Korea Acousto Optic Devices Market Revenue, 2019-2024 ($M)
20.South Africa Acousto Optic Devices Market Revenue, 2019-2024 ($M)
21.North America Acousto Optic Devices By Application
22.South America Acousto Optic Devices By Application
23.Europe Acousto Optic Devices By Application
24.APAC Acousto Optic Devices By Application
25.MENA Acousto Optic Devices By Application