Global Optical Chopper System Market 2017-2021

Overview of the global optical chopper system market

Market research analysts at Technavio predict that the global optical chopper system market will grow steadily during the next four years at a CAGR of around 5% by 2021. The implementation of smart cities is identified as one of the primary growth factors for this market. With the help of many  sensors in place, smart cities provide the government with vital information on the consumption of water and electricity. The data collected can be analyzed for demographic mapping and planning the city’s growth for the future. The growth of smart cities will depend on government support and public-private partnerships. Smart cities provide a lot of scope for development mainly in emerging economies from APAC, such as India and China. The growth of the smart cities will, in turn, push the demand for fiber optics and sensor technologies in their respective markets. This will spur the demand for optical chopper systems at a component level. The high growth prospects of smart city initiatives will continue to influence the optical chopper system market during the forecast period.

In terms of geographic regions, APAC will be the major revenue contributor to the optical chopper system market throughout the forecast period. As technological trends such as LTE deployment, 5G, IoT (Internet of things) have high impact in this region, the optical chopper system market is projected to grow at a higher rate than the other regions in the future. Moreover, advanced technologies such as fiber optics, Li-Fi, environmental sensors, and testing equipment will replace the traditional segments. This will create a demand for specialized optical chopper systems and modulators that can be embedded into the systems and applications in the region.

Competitive landscape and key vendors  

The optical chopper system market is consolidated with the leading vendors representing almost 90% of the overall market. A sizable portion of the market revenue is generated through the sale of solutions embedded in products across the wide range of verticals. Moreover, the competitors in the market must innovate and try to merge with companies from different areas of specialization to sustain themselves in this market.

The leading vendors in the market are -

• Edmund Optics
• Newport
• Standford Research Systems
• Thorlabs

The other prominent vendors in the market are Electro-Optical Products, Hinds Instruments, Scitec Instruments, and Terahertz Technologies.

Segmentation by product and analysis of the optical chopper system market

• LCD TV
• Fiber optics
• Rotary chopper
• Spectrometer
• Sensor

The fiber optics segment will be the fastest growing segment of the optical chopper system market by 2021. Factors such as the increased adoption of fiber optics in the developed and developing economies and the ongoing deployment of LTE will contribute to the growth of this industry segment in the coming years. Moreover, the popularity of IoT and connected devices, and the rollout of 5G in the future will also enhance the demand for optical modulators that can be applied to fiber optics technologies.                               

Segmentation by application and analysis of the optical chopper system market

• Consumer electronics
• Telecommunications
• Research and development
• Data center
• Aerospace and defense

As per this market research report, the consumer electronics segment held the maximum market share of the optical chopper system market during 2016. However, the telecommunications segment will lead the market during the forecast period due to the proliferation of IoT and high demand for fiber optics. 

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 optical chopper system market?
• What are the key market trends impacting the growth of the global optical chopper system market?
• What are the challenges to market growth?
• Who are the key vendors in the global optical chopper system market?
• What are the market opportunities and threats faced by the vendors in the global optical chopper system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global optical chopper system market?

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

An optical chopper can be defined as a device that interrupts a light beam at regular intervals. With its initial application being in the measurement of the speed of light, optical choppers have found significance in various applications including anti-lock braking systems, spectrometers, speed sensors, and LCD displays. With a number of global vendors equally competing to gain significant revenue shares, the market for optical choppers is quite competitive. By offering comprehensive information on the various factors that will influence and challenge the growth of the vendors, Technavio’s research reports on the various markets of the hardware and semiconductor industry will help clients gain a competitive edge over their competitors.

This upcoming industry research report on the optical chopper system market for the forecast period 2017 to 2021 offers actionable insights devised based on the data collected from reliable sources such as industry experts and manufacturers. According to our market research experts, the significant increase in the adoption of mobile devices such as smartphones and tablets will be a major factor fueling the growth of this market. In addition to syndicated reports, Technavio also provides customized reports based on the requirements of the clients.

This upcoming report from Technavio for the global optical chopper system market will highlight the key factors that will drive the growth of the market, major market trends, and the factors that will pose as significant risks to the growth of the vendors in the hardware semiconductor industry.