The global spatial light modulator market capitalization is projected to exceed USD 616.8 million by 2023, as per a new report by Market Research Future (MRFR). It is expected to exhibit a CAGR of 13.8% during the assessment period (2018-2023). The growth is supplemented by increasing demand for high bandwidth speeds in the information technology sector and the boom experienced in the construction sector in economies of South America and Asia Pacific.
Spatial light modulator (SLM) is a device capable of modifying an optical wavefront in two dimensions. By modulating factors of a light beam such as phase, amplitude, and intensity, it can provide precise control over light waves. Liquid crystal materials are used in tandem with SLM to create graphic cards for personal computers. Major applications of SLM include holographic data storage, beam shaping, optical correlator, and others.
Rising demand for high-resolution displays in consumer electronics, gaming devices, and advertising is projected to open up new avenues for market growth. But lack of awareness regarding advantages of SLM and high costs of these devices can pose a challenge to manufacturers. Miniaturization of semiconductor chips which can reduce the weight of these devices can turn around the sales of SLM devices.
This report allows the user to gain a deeper understanding of the ongoing events and trends in the global market for virtual reality. By correlating the historical data with key market dynamics, analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global spatial light modulator market segmented by type, application, industry and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
Spatial Light Modulator Market Segment Overview
By type, the spatial light modular market has been segmented into optically addressed SLM, electrically addressed SLM, and others. The electrically addressed SLM segment is further branched into liquid crystal EASLM and deformable mirror. Based on application, the market has been segmented into laser beam, holography, pulse shaping, optical, display, and others. By industry, the market has been segmented into electronics, aerospace & defense, automotive and transportation, education & research, and others.
The segments and sub-segments covered in the report are analyzed under four major regions – North America, Europe, Asia Pacific, and Rest-of-the-World (RoW), with respective country-level market sizing. For the scope of research, the standard definition of the product/ service “spatial light modulator” is included in the report. The report discusses and interprets the current and future opportunities of the industry delivering an unbiased growth assessment.
Jenoptik AG (Germany), Meadowlark Optics Inc. (U.S.), Holoeye Photonics AG (Germany), PerkinElmer Inc. (U.S.), Texas Instruments, Inc. (U.S.), Kopin Corporation (U.S.), Santec Corporation (Japan), Hamamatsu Photonics K.K. (Japan), Laser 2000 Ltd. (U.K), Thorlabs, Inc. (U.S.), and others are some of the noteworthy players in the spatial light modulator market.
The report offers astute insights on prominent market players and assesses their current market share. Company profiles coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.
Market Research Future (MRFR) uses a combination of primary and secondary research to compile reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report consists of news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.
For the scope of the research, the report offers a comprehensive analysis of the global spatial light modulator market
Spatial Light Modulator Market By Type
Spatial Light Modulator Market By Application
Spatial Light Modulator Market By Industry
Spatial Light Modulator Market By Region
|Market Size||USD 616.8 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, Industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Jenoptik AG (Germany), Meadowlark Optics Inc. (U.S.), Holoeye Photonics AG (Germany), PerkinElmer Inc. (U.S.), Texas Instruments, Inc. (U.S.), Kopin Corporation (U.S.), Santec Corporation (Japan), Hamamatsu Photonics K.K. (Japan), Laser 2000 Ltd. (U.K), Thorlabs, Inc. (U.S.)|
|Key Market Opportunities||Rising demand by industry stalwarts in regards to precision is expected to bolster demand for spatial light modulators.|
|Key Market Drivers||
The global spatial light modulator market is going to reach its level at a CAGR of 13.8%.
The global spatial light modulator market is spotted with its rising period from 2020 to 2027.
The rising demand for high-resolution displays in consumer electronics, gaming devices, as well as advertising are the factors projected to open new avenues for spatial light modular market growth.
The segments are type, application, and industry that are involved in the study of the market.
The list of regions involved in the study of the market are North America( The U.S., Canada, and Mexico), Europe; (Germany, the UK, France) and the Rest of Europe, Asia Pacific (APAC); (China, Japan, India, and Rest of Asia Pacific), and the Rest of the World (RoW).
Rising Demand for High Bandwidth Speeds to Fuel the Spatial Light Modulator Market
A few players dominate the spatial light modulator market. Among these, Hamatsu Photonics K.K. is one of the leaders in providing spatial light modulator products. The company is engaged in the sale and manufacture of imaging and analysing systems, opto-semiconductors, light sources, photomultiplier tubes, and imaging devices. Electron tubes which manage the electrical currents between devices is accountable for the production and sale of photomultiplier tubes, light sources, and imaging devices. Hamamatsu’s major strategy revolves around its entry into different industry verticals by expanding their product portfolio and engaging in partnerships and collaborations with regional vendors.
HOLOEYE Photonics AG assumes the second position in this market. It is one of the prominent companies providing the products and services covering spatial light modulators, diffractive optics, and Liquid Crystal on Silicon-based (LCoS) microdisplay components. The company has its offices across North America, Europe, and Asia Pacific, including Taiwan, Japan, South Korea, China, and Singapore.
Texas Instruments has successfully taken the third spot in the global spatial light modulator market. Texas Instruments is one of the largest semiconductor chipset and equipment manufacturers. The company operates across analog and digital embedded systems businesses. The analog division of Texas Instruments is responsible for the transformation of analog signals such as acoustics, thermal and heat, pressure or images, into digital data, by processing the signals, amplifying, and converting the signals. Texas Instruments has been working across major industry segments. The company has also strategized mergers & acquisitions to strengthen their technical expertise and expand their customer base.
Thorlabs has acquired the 4th place. Thorlabs, Inc. is into the manufacture and distribution of optical equipment. The company operates from its offices across the United States (U.S.), Brazil, Canada, China, France, Germany, Japan, Sweden, and the United Kingdom (U.K.). Spatial light modulators by Thorlabs has been extensively adopted by many verticals. Thorlabs has majority of its manufacturing plants in North America, Europe, China, Japan, and Brazil.
PerkinElmer occupies the last spot. PerkinElmer is one of the leading providers dealing in the fields of life science, environmental science, food, and industrial products, services, and solutions. The company operates its business through major segments namely, discovery and analytical solutions and diagnostics. The United States accounts for the majority of its bottom line margins. Other prominent players in the spatial light modulator market include Jenoptik AG, Laser 2000 Ltd, Kopin Corporation, Santec Corporation, and Meadowlark Optics, Inc.