Global Acousto-optic Devices Market 2017-2021

Overview of the global acousto-optic devices market

According to Technavio’s market research report, the global acousto-optic devices market will grow at a CAGR of more than 9% during the forecast period. The increasing need for precision in the healthcare sector will be one of the key drivers stimulating growth in the market during the projected period. Lasers are highly used in body contouring, hair removal, LASIK surgery, optical coherence tomography (OCT), skin resurfacing, tattoo removal, and wrinkle reduction. Laser diodes are used for medical and aesthetic applications. Acousto-optic devices are used during these procedures to adjust the wavelength of the light and maintain selectivity. This enables lasers to focus the beam with better precision to prevent any damage to the surrounding tissues. The incorporation of acousto-optic devices in laser technology will continue to increase in spine surgery, cardiovascular surgery, and cataract surgery to carry out various medical procedures.

North America has the presence of most prominent vendors for fiber lasers such as IPG Photonics, ROFIN-SINAR Technologies, Coherent, and Newport. CO₂ lasers offer high-speed, flexibility, precision, and anti-electromagnetic interference. These lasers are increasingly adopted in research, communications, medical, military and defense, and a number of other sectors. The increasing demand and growing market for lasers will drive the growth of the laser processing ​acousto-optic devices market in North America from till 2021.  

Competitive landscape and key vendors

Vendors in the acousto-optic devices market are adopting different strategies to ensure long-term growth and profitability and to retain their market positions. Vendors are competing against each other based on factors such as price, innovation, quality and performance, and support services. They also focus on expanding their product portfolio and enhancing their geographical reach by developing new products such as laser processing acousto-optic devices and launching innovative devices. A few vendors are focusing on gaining market recognition and market shares by embracing acquisition and expansion strategies. To survive and sustain in this competitive landscape, the vendors have the need to distinguish their product offerings.

Key vendors in this market are -

• Brimrose Corporation of America
• Gooch & Housego
• Harris
• Isomet

Other prominent vendors in the market include AMS Technologies, AA Opto Electronic, A.P.E Angewandte Physik & Elektronik, Coherent, IntraAction Electronics, Pro-Lite Technology, and Panasonic.

Segmentation by application and analysis of the acousto-optic devices market

• Material processing
• Laser processing
• Microprocessing

During 2016, materials processing was the most important application of acousto-optic devices. High-power applications such as cutting and welding include processing of materials such as steel, brass, aluminum, copper, glass, and plastics. Automotive industries manufacture components using cutting and welding. The processing of materials involves lasers that are used to weld vehicle body parts such as door panels and seat backs. The utilization of lasers on a large-scale will ensure a steady demand for acousto-optic devices during the estimated period.

Segmentation by end-user and analysis of the acousto-optic devices market

• Life sciences and research
• Industrial sector
• Telecom sector
• Medical sector
• Aerospace and defense sector
• Oil and gas sector

The life sciences and research segment accounted for the majority market shares during 2016 since it uses acousto-optic devices such as deflectors, acousto optic modulators, and optical tunable filters in laser scanning applications to modulate the intensity and frequency of laser beams. The segment will continue to be the largest end-user of the acousto-optic devices market due to the increasing demand for fiber lasers that are less expensive and perfect sources of femtosecond pulses.

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 devices market?
• What are the key market trends impacting the growth of the global acousto-optic devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global acousto-optic devices market?
• What are the market opportunities and threats faced by the vendors in the global acousto-optic devices market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global acousto-optic devices market?

Technavio also offers customization on reports based on specific client requirement.

Acousto-optic is a branch of science that analyzes the interactions between sound and light waves. These devices can divert as well as modulate lasers. They are used in laser equipment or systems for electronically controlling the intensity and positioning of the laser beams. Technavio’s upcoming industry research report on acousto-optic devices for the forecast period 2017-2021 will help the clients to design sustainable growth strategies. Our industry research experts identify and analyze the factors that are crucial for the growth of the overall hardware and semiconductor industry and offer insights on the global market landscape. Technavio also provides information on many factors, like the progression of consumer behavior and shifts in demand and supply in the hardware and semiconductor sector. Technavio’s market research reports also offer substantial insights on all the suppliers in the market who possess significant market shares in the hardware and semiconductor industry.

To precisely estimate the growth possibilities, market research experts at Technavio follow a triangulated approach of primary and secondary research and perform an exhaustive analysis of various traits, such as technological advancements and the various products and services presented by the chief vendors in the hardware and semiconductor industry. This upcoming industry research report on the global acousto-optic devices for the forecast period 2017-2021 will help clients design new strategies for growth. This upcoming report offers a complete synopsis built from the statistics collected from reliable sources of information such as the producers, channel partners, regulatory bodies, and stakeholders.

Our upcoming industry research report on the global acousto-optic devices also considers the growth of the related markets such as battery management IC and nanomagnetic, which are expected to grow at a CAGR of above 5% and around 3%, respectively by the year 2021. The acousto-optic market has been globally segmented based on application, type, and end-use industry and geography. The recent increase in the demand for laser applications, the high demand for modulators, and the use of modulators in different industry verticals has influenced the demand for acousto-optic devices. Technavio also offers customized reports to help the local vendors and regional players comprehend the market opportunities in the hardware and semiconductor industry.

This upcoming industry research report on the global acousto-optic devices also identifies the major drivers, emerging trends, and the challenges currently faced by the hardware and semiconductor industry and also presents insights on lighting, sensors, and human-machine interface.