Luton, Bedfordshire, United Kingdom, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the acousto optic glass market.
"The global acousto optic glass market is expected to grow at a 6.61% CAGR from 2022 to 2029. It is expected to reach above USD 489.7 million by 2029 from USD 275.2 million in 2021."
The industrial vertical would have the highest market share in the forecast period.
One of the most important application areas for acousto-optic glass is the industrial sector. Acousto-optic modulators, deflectors, frequency shifters, tunable filters, and other devices are widely used in industrial operations. Major applications such as laser scanning, printing, and material processing, among others, would drive up demand for acousto-optic glass in the industrial sector.
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Laser technology has shown to be beneficial in the semiconductor and electronics sectors for cutting applications.
The use of acousto-optic glass in combination with laser technology has resulted in significant communication developments, allowing acousto-optic glass to be effectively used in defensive communication systems. Lasers are commonly used in scientific research for a wide range of applications, including gravitational wave detection, Raman spectroscopy, atmospheric remote sensing, seismology, and atmospheric physics
Asia-Pacific (APAC) is expected to hold the largest share of the acousto-optic glass market in 2022
The Asia Pacific shares 43% of the total market. The market in the region is expanding as a result of increased foreign investment due to low labor costs and the availability of raw resources. A 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 verticals are driving the acousto-optic glass market in the APAC region.
Acousto Optic Glass Market Report Scope
| Report Attribute | Details |
| Market size value in 2021 | USD 275.2 million in 2020 |
| Revenue forecast in 2029 | USD 489.7 million by 2029 |
| Growth rate | CAGR of 6.61% from 2022 to 2029 |
| Base year for estimation | 2021 |
| Historical data | 2017 - 2020 |
| Forecast period | 2022 - 2029 |
| Quantitative units | Volume in kilo tons, revenue in USD million and CAGR from 2022 to 2029 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, application, region |
| Regional scope | North America; Europe; China; Asia; Pacific; Central & South America; MEA |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Poland; Spain; India; Japan; Thailand; Malaysia; Indonesia; Vietnam; Singapore; Philippines; Brazil; Argentina; Saudi Arabia; UAE; Oman |
| Key companies profiled | Gooch & Hoego PLC, Isomet Corporation, Brimrose Corporation of America, Harris Corporation, AMS Technologies AG, Coherent, Inc., AA Opto Electronic, A·P·E Angewandte Physik & Elektronik GmbH, IntraAction Corp., and Lightcomm Technology Co., Ltd. and others. |
| Key Market Opportunities | The utilisation of an adequate optical source is critical in range-finding applications. Such gadgets are critical in military services for a variety of purposes. |
| Key Market Drivers | The growth of emerging economies and the increasing demand for biodegradable paper and plastics from end-use industries |
| Customization scope | The employment of acousto-optic devices in conjunction with laser technology has resulted in considerable improvements in communication, allowing acousto-optic devices to be effectively employed in defensive communication systems. |
| Pricing and purchase options | The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. |
Competitive Landscape
Stakeholders Prioritize Strategic Approaches to Boost Penetration
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Some key players include Gooch & Hoego PLC, Isomet Corporation, Brimrose Corporation of America, Harris Corporation, AMS Technologies AG, Coherent, Inc., AA Opto Electronic, A·P·E Angewandte Physik & Elektronik GmbH, IntraAction Corp., and Lightcomm Technology Co., Ltd. and others.
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Key Market Segments: Acousto Optic Glass Market
Acousto Optic Glass Market by Device, 2022-2029, (USD Millions)
- Acousto-Optic Modulator
- Acousto-Optic Deflector
- Acousto-Optic Frequency Shifter
- Acousto-Optic Tunable Filter
- Acousto-Optic Q-Switch
- Mode Locker
- Pulse Picker/Cavity Dumper
- Rf Driver
Acousto Optic Glass Market by Application, 2022-2029, (USD Millions)
- Material Processing
- Laser Processing
- Micro Processing
Acousto Optic Glass Market by Vertical, 2022-2029, (USD Millions)
- Aerospace and Defense
- Life Science and Scientific Research
- Medical
- Industrial
- Telecom
- Semiconductor And Electronics
- Oil And Gas
Growth Factors
Increasing demand for Laser Processing
The increasing demand for acousto-optic glass for laser applications in the medical and healthcare vertical for procedures such as wrinkle reduction, tattoo removal, skin resurfacing, optical coherence tomography, LASIK surgery, hair removal, body contouring, etc. has expected to drive the growth of the market. The use of advanced materials in acousto-optic glass helps the devices to modulate and control high wavelength laser beams for diverse uses and increase their demand for large laser applications.
Rising implementation of advanced acousto-optic materials
Different acousto-optic materials are used for diverse applications depending on the laser parameters such as laser wavelength, divergence, and power density. The use of advanced acousto-optic materials makes it easy to fabricate multichannel acousto-optic glass with a wide range of bandwidth.
Restraints
High initial cost
The initial cost associated with acousto-optic glass to design and manufacture the advanced components for the materials is high. The expenses related to the requirement-specific research and development process are also high. The implementation of acousto-optic glass in diverse industries further requires significant investment, which makes the initial cost of implementation high. This is a major restraining factor for the market growth of acousto-optic glass.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global acousto-optic glass market?
- What are the key market trends impacting the growth of the global acousto-optic glass market?
- What are the challenges to market growth?
- Who are the key vendors in the global acousto-optic glass market?
- What are the market opportunities and threats faced by the vendors in the global acousto-optic glass market?
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