The global Acousto Optics Devices Market is estimated to be valued at US$ 503.1 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Acousto optics devices use sound waves to allow manipulation of optical beams in real time. They find applications in telecommunications, laser processing and military among others due to properties like bandwidth, non-contact operation and flexibility.
Market key trends:
Acousto optics devices serve as key components in intelligent transportation systems for traffic management. They are increasingly being used in traffic signal control systems, automatic number plate recognition systems and electronic toll collection systems. As demand for efficient transportation infrastructure rises globally, investments in intelligent transportation projects are also witnessing strong growth. This is likely to significantly drive the uptake of acousto optics devices over the forecast period. Additionally, increasing R&D towards development of acousto optic tunable filters for spectroscopy and imaging applications especially in industrial and medical sectors is anticipated to open new avenues for the market in coming years.
Segment Analysis
The global acousto optics devices market is dominated by the telecommunications segment. This segment accounted for the largest share of around 35% of the total market in 2023. Growing demand for acousto optic devices from the telecommunications industry for wavelength selective switches (WSS), reconfigurable optical add-drop multiplexers (ROADMs), dense wavelength division multiplexing (DWDM) systems and others is the major factor driving the growth of this segment.
Key Takeaways
The global acousto optics devices market is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing demand for high-speed data connectivity worldwide.
Regional analysis
Asia Pacific dominated the global market and accounted for over 35% share of the total demand in 2023. Rapid industrialization and growing telecommunications sector in countries such as China and India are the major factors responsible for dominating position of Asia Pacific region. North America is expected to witness the fastest growth over the forecast period owing to increasing deployment of high-speed fiber optic networks in the region.
Key players
Key players operating in the acousto optics devices market are A·P·E Angewandte Physik & Elektronik GmbH, AA Opto Electronic, AMS Technologies AG, Brimrose Corporation of America, Coherent, Inc., Gooch & Housego PLC, Harris Corporation, Intraaction Corp., Isomet Corporation, and Lightcomm Technology Co., Ltd. The global acousto optics devices market is moderately consolidated with top players accounting for around 45-50% of the total market share.
