PUNE, India --- According to the new market research report "Acousto-optic Devices Market by Device (Modulators, Deflectors, Tunable Filters, Frequency Shifters, Q-Switches), Application (Material Processing, Laser Processing, Micro Processing), Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets, is expected to be worth USD 469.1 Million by 2022, at a CAGR of 7.24% between 2016 and 2022.
The major driver for the growth of the acousto-optic devices market is the growing demand of laser applications in the life science and scientific research vertical.
Demand for modulators expected to drive the growth of the acousto-optic devices market
The acousto-optic devices market for modulators is expected to grow at the highest CAGR between 2016 and 2022. Modulator is a device which is used for controlling the power, frequency or longitudinal direction of a laser beam with an electrical drive signal. The applications of this device involves various laser applications for fast optical switches, printing and marking application, and laser noise eater. Hence, the growth of the acousto-optic devices market for modulators is expected to be high in the near future.
Industrial vertical expected to witness the highest growth between 2016 and 2022
The Acousto-Optic Devices Market for the industrial vertical is expected to grow at the highest CAGR between 2016 and 2022. Acousto-optic modulators, deflectors, frequency shifters, tunable filters, and other devices have a number of important uses in industrial processes. The industrial vertical has major applications of acousto-optic devices such as laser scanning, printing, and material processing among others. These applications would boost the demand for acousto-optic devices in the industrial vertical.
Asia-Pacific expected to hold the largest market share and witness high growth between 2016 and 2022
The acousto-optic devices market in Asia-Pacific (APAC) is expected to grow at the highest CAGR between 2016 and 2022. The huge population base, increasing investments toward the development of optics technologies, large number of research and development (R&D) activities, and increasing focus of laser applications for the industrial and telecom vertical would add to the growth of acousto-optic devices market in the APAC region. In APAC, the acousto-optic devices market is majorly driven by China and Japan because of the rapid increase in industrialization in these countries. Therefore, the acousto-optic devices market in APAC is expected to grow rapidly between 2016 and 2022.
The key players in the ecosystem of the acousto-optic devices market profiled in this report are Gooch & Housego PLC (U.K.), Isomet Corporation (U.S.), Brimrose Corporation of America (U.S.), Harris Corporation (U.S.), AMS Technologies AG (Germany), Coherent, Inc. (U.S.), AA Opto Electronic (France), A·P·E Angewandte Physik & Elektronik GmbH (Germany), IntraAction Corp. (U.S.), and Lightcomm Technology Co., Ltd. (China).
Browse 68 market data Tables and 55 Figures spread through 148 Pages and in-depth TOC on "Acousto-optic Devices Market" at http://www.marketsandmarkets.com/Market-Reports/acousto-optic-device-market-171228873.html
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