Acousto-optic Devices Market is expected to be
worth USD 469.1 Million by 2022, at a CAGR of 7.24% between 2016 and 2022. The
major driver for the growth of the acousto-optic devices market is the growing
demand of laser applications in the life science and scientific research
vertical.
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Demand for modulators expected to drive the growth of the
acousto-optic devices market
The
acousto-optic devices market for modulators is expected to grow at the highest
CAGR between 2016 and 2022. Modulator is a device which is used for controlling
the power, frequency or longitudinal direction of a laser beam with an
electrical drive signal. The applications of this device involves various laser
applications for fast optical switches, printing and marking application, and
laser noise eater. Hence, the growth of the acousto-optic devices market for
modulators is expected to be high in the near future.
Industrial vertical expected to witness the highest growth between
2016 and 2022
The
acousto-optic devices market for the industrial vertical is expected to grow at
the highest CAGR between 2016 and 2022. Acousto-optic modulators, deflectors,
frequency shifters, tunable filters, and other devices have a number of
important uses in industrial processes. The industrial vertical has major
applications of acousto-optic devices such as laser scanning, printing, and
material processing among others. These applications would boost the demand for
acousto-optic devices in the industrial vertical.
Asia-Pacific expected to hold the largest market share and witness
high growth between 2016 and 2022
The
acousto-optic devices market in Asia-Pacific (APAC) is expected to grow at the
highest CAGR between 2016 and 2022. The huge population base, increasing
investments toward the development of optics technologies, large number of
research and development (R&D) activities, and increasing focus of laser
applications for the industrial and telecom vertical would add to the growth of
acousto-optic devices market in the APAC region. In APAC, the acousto-optic
devices market is majorly driven by China and Japan because of the rapid
increase in industrialization in these countries. Therefore, the acousto-optic
devices market in APAC is expected to grow rapidly between 2016 and 2022.
The key
players in the ecosystem of the acousto-optic devices market profiled in this report
are Gooch & Housego PLC (U.K.), Isomet Corporation (U.S.), Brimrose
Corporation of America (U.S.), Harris Corporation (U.S.), AMS Technologies AG
(Germany), Coherent, Inc. (U.S.), AA Opto Electronic (France), A·P·E Angewandte
Physik & Elektronik GmbH (Germany), IntraAction Corp. (U.S.), and Lightcomm
Technology Co., Ltd. (China).
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