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

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.

LiNbO3 Crystal Market Overview

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.

Who are the Major Players in the LiNbO3 Crystal Market?

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).

What are the major Applications, Types, and Regions for the LiNbO3 Crystal Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Acoustic Grade


• Optical Grade

By Application, it is segmented into

• Electro-Optical


• Surface Acoustic Wave


• Piezoelectric Sensors


• Non-linear Optical


• Others

LiNbO3 Crystal Market Regional Analysis

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.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

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.

What is our LiNbO3 Crystal Market report scope?

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.

Key Takeaways from this LiNbO3 Crystal Report

• Evaluate LiNbO3 Crystal market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the LiNbO3 Crystal market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

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

 

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