Growth of Acousto-optic Devices Market Driven by Industrial Vertical

 The overall acousto-optic devices market was valued at USD 285.1 million in 2015 and is expected to reach USD 469.1 million by 2022, at a CAGR of 7.24% during the forecast period.

Aerospace and Defense

In range-finding applications, the use of an appropriate optical source is very important. In armed forces, such devices are crucial for various applications. The use of acousto-optic devices is likely to facilitate the development of defensive systems and bring down their operational costs. Satellite surveillance could be improved through the introduction of RF-based optical networks in the satellite. These factors have resulted in the need for advanced systems that could provide cost-effective yet powerful devices for aerospace and defense applications. Communication is an integral part of defense operations. The use of acousto-optic devices with laser technology has brought significant enhancements in communication, owing to which, acousto-optic devices could be successfully used in defense communication systems.

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Life Science and Scientific Research

In the scientific research vertical, lasers are widely used for many purposes such as in the detection of gravitational waves, Raman spectroscopy, atmospheric remote sensing, seismology, and atmospheric physics. Apart from these applications, space communication has also registered considerable developments in the recent years under the research category. Laser technology is expected to gain importance for transmitting large quantity of data between satellites which in turn would increase the demand of acousto-optic devices in the life science and scientific research vertical.

Medical

Acousto-optic devices have various uses in the medical vertical such as medical screening, surgery, vision correction, endoscopy, remote medicine, angioplasty, tumor therapy, and skin and dental dermatology. The medical devices and equipment for above mentioned treatments are expensive. Hence, the cost of treatments using these equipment/devices is high. With the developments of telecare and laser treatments in medical application, the use of optics technologies may lead to a reduction in the cost of medical equipment and devices through the implementation of laser source for treatments. Moreover, the research on acousto-optic devices in the mid-infrared region would revolutionize the field of biomedicine.

Industrial

Industrial vertical is one of the largest application areas for acousto-optic devices. Acousto-optic modulators, deflectors, frequency shifters, tunable filters, and other devices have a number of important uses in the industrial processes. The industrial vertical would have the highest market share of 23.45% by 2022. The major applications such as laser scanning, printing, material processing among others would lead to the increase in the demand of acousto-optic devices in the industrial vertical.

Telecom

Lasers play an important role for long distance communication in telecom sector. Laser beams can be formed in a range of wavelengths from ultraviolet to the infrared regions of the electromagnetic spectrum using acousto-optic devices. The acousto-optic devices are being used in the telecommunication vertical for transmission of data through laser or light beams. Laser communication provides high data transfer rates with lower power consumption and is also a highly secure medium of data transmission. Apart from data transmission in the telecom vertical, acousto-optic devices are also used for tasks such as signal strength optimization, precise network design, and proper tower placement.

Semiconductor and Electronics

In the semiconductor and electronics vertical, acousto-optic devices are being used for Q-switching and mode locking of laser beam for a wide range of applications including cutting, marking, deflashing, decapping, annealing, and inspection among others. Laser technology has proved to be beneficial for cutting applications in the semiconductor and electronics vertical, especially for cutting application in manufacturing of miniaturized semiconductor components such as miniaturized memory cards (ìSD). Half-cut technology which is a combination of a mechanical saw, and laser is one of the technologies being used for this purpose as it offers less surface roughness and higher performance than other conventional methods. These factors would increase the demand of acousto-optics devices to perform laser operations on materials.

Oil and Gas

The oil and gas is one of the world's largest verticals. Due to a high demand for petroleum products, oil and gas companies are generating huge revenues and have high operating costs. However, the market for acousto-optic devices for oil and gas vertical is very small and has a less growth rate between 2016 and 2022. In the oil and gas vertical, acousto-optic components are used for sensing applications such as pressure and temperature.