Registering a CAGR of 2.6% over the forecast period, the market value of LiNbO3 Crystal is expected to reach US$ 150.5 million in the year 2027.
Lithium niobate (LiNbO3) is a niobium, lithium, and oxygen compound. Its single crystals are used in optical waveguides, electro-optical, piezoelectric sensors, optical modulators, and a variety of other linear and non-linear optical applications.
The increasing use of LiNbO3 in mobile phones, optical waveguides, and Surface Acoustic Wave (SAW) devices, the rapid penetration of smartphones and other smart devices and gadgets, and the expanding global telecommunications industry are the primary drivers of market revenue growth. Other factors expected to support market revenue growth over the forecast period include the expanding scope of high-power laser applications of MgO-doped lithium niobate and non-linear optical applications of LiNbO3 due to its electro-optic coefficients and broad transmission range. Furthermore, rising demand for LiNbO3 in the electrical and electronics industries as a result of benefits such as zero residual birefringence and low half-wave voltage is expected to create high potential growth opportunities for market participants.
The rise in demand for lithium niobate in the telecommunications, electrical, and electronics industries is a major driver of the global LiNbO3 Crystal market. Lithium niobate is widely used in cell phones, optical modulators, piezoelectric sensors, and surface acoustic wave devices, which has increased the demand for LiNbO3 crystals. Non-linear optics, laser frequency doubling, optical parametric oscillators, Pockels cells, Q-switching devices, and acousto-optic devices are some of the other important applications of LiNbO3.
The global LiNbO3 Crystal includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Epcos, Sumitomo Metal Mining, DE & JS, Korth Kristalle, Eksma Optics, Hilger Crystals, Laser Components, Altechna, Red Optronics, Wavelength Opto-Electronic, United Crystals, AZURE Photonics, CNMC, LambdaOptics Co., Ultra Photonics and others.
Industry News and Updates:
Altechna has officially started a new chapter in the history of optical manufacturing!
The company is strengthening and expanding its service by introducing a new product line – bespoke assemblies and sub-assemblies based on customers’ designs!
The new products will be Optical parts (Prisms, waveplates, lenses, and other glass parts optically contacted or cemented together) and Optomechanical parts (Optics mounted on various types of metal mounts and housings, either fixed or shifting).
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
In terms of revenue share, the North American LiNbO3 crystals market was the leading regional market in 2020. Rapid infrastructure development in the region's countries, a thriving telecommunications sector, rising adoption of big data and the Internet of Things (IoT), and rising demand for more advanced electrical and electronic products are key factors driving revenue growth in the North American market.
The LiNbO3 Crystal Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global LiNbO3 Crystal Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers LiNbO3 Crystal Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this LiNbO3 Crystal Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | LiNbO3 Crystal Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Epcos, Sumitomo Metal Mining, DE & JS, Korth Kristalle |
Forecast Period 2022 to 2027 CAGR | CAGR of 2.6% over the forecast period (2022-2027) |
By Type |
|
By Application |
|
By Companies | Epcos, Sumitomo Metal Mining, DE & JS, Korth Kristalle, Eksma Optics, Hilger Crystals, Laser Components, Altechna, Red Optronics, Wavelength Opto-Electronic, United Crystals, AZURE Photonics, CNMC, LambdaOptics Co., Ultra Photonics |
Regions Covered |
|
Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 124 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The LiNbO3 Crystal Market is studied from 2017 - 2027.
What is the growth rate of the LiNbO3 Crystal Market?
The LiNbO3 Crystal Market is growing at a CAGR of 2.6% over the next 5 years.
Who are the key players in LiNbO3 Crystal Market?
Epcos, Sumitomo Metal Mining, DE & JS, Korth Kristalle, Eksma Optics, Hilger Crystals, Laser Components, Altechna, Red Optronics, Wavelength Opto-Electronic, United Crystals, AZURE Photonics, CNMC, LambdaOptics Co., Ultra Photonics
What regions does this LiNbO3 Crystal Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of LiNbO3 Crystal Market?
Acoustic Grade, Optical Grade
What are the major end-use applications of LiNbO3 Crystal Market?
Electro-Optical, Surface Acoustic Wave, Piezoelectric Sensors, Non-linear Optical, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.