Increasing Demand for Laser Application is a Major Driving Factor for Growth of the Acousto Optics Devices Market
Acousto optics is a branch of physics, which deals with the interaction between light waves and sound waves. Acousto optic devices are used to adjust the wavelength of the light and maintain selectivity. Increasing demand for laser application is a major driving factor for growth of the acousto optics devices market. The acousto optic modulator is a device which is used to spatial direction of a laser beam with electrical drive signals. Raising demand for laser devices in healthcare vertical for wrinkle reduction, tattoo removal, skin resurfacing, optical coherence tomography, LASIK surgery, hair removal, body contouring etc. have led to growth of the market.
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Life Science and Scientific Research vertical held the dominant position in the acousto optic devices market and is projected to retain its dominance throughout the forecast period. Increasing research in various fields such as optical coherence tomography, photoacoustic imaging, imaging cytometry and multiphoton microscopy in biomedical imaging, and scanning have led to high demand for acousto optics devices in this segment. In addition to this, increasing usage of acousto optic devices with laser technology by scientists for research in various areas such as semiconductor metrology, two-photon polymerization, femtosecond micromachining have created a conducive environment for growth of this segment.
Moreover, industrial vertical is projected to exhibit the highest CAGR over the forecast period. Increasing usage of various acousto optic devices such as tunable filters, frequency shifters, deflectors, and modulators in various industrial purposes have accelerated segment growth. In addition to this, owing to various applications such as material processing, printing, and laser scanning, demand for acousto-optic devices in industrial verticals is increasing significantly.
Asia Pacific acousto optics devices market held the dominant position in 2016 and is expected to exhibit highest CAGR over the forecast period
On the basis of geography, the acousto optics devices market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Asia Pacific held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. India, China, and Japan are some of the major growth engines in the acousto optics devices market in this region. Increasing demand for laser devices by the automotive industry have aided in growth of the market. For example: laser devices are increasingly being used by automotive manufacturers for cutting and welding body parts such as door panels and seat backs. According to International Organization of Motor Vehicle Manufacturers, in 2016, 28,118,794 vehicles were produces in China. Similarly, 4,488,965 and 9,204,590 vehicles produced in India and Japan in 2016.
Key Companies: Global Acousto-Optics Devices Market
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. are some of the major companies in the global acousto-optics devices market.
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