Global Market Study on Refractive Optical Elements: Increasing Demand from Semiconductor Manufacturing to Spur Revenue Growth


Refractive Optical Elements  Market
  • Published On : Dec-2018 |
  • Pages : 220 Pages |
  • Format :

Report Synopsis

Persistence Market Research (PMR) offers an 8-year forecast for the refractive optical elements market between 2018 and 2026. In terms of value, the refractive optical elements market is expected to register a single-digit CAGR during the forecast period. This study demonstrates the global refractive optical elements market dynamics and trends across seven regions: North America, Latin America, Europe, China, Japan, SEA & others of APAC, and MEA, which influence the current nature and the future status of the refractive optical elements market over the forecast period.

Report Description

This refractive optical elements research report provides a detailed analysis of the refractive optical elements market and offers insights on the various factors driving the popularity of refractive optical elements. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The refractive optical elements market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the refractive optical elements business. In addition, the refractive optical elements report segregates the market based on type, application, industry, and different regions globally.

The refractive optical elements market is expected to witness significant value growth during the forecast period owing to an increase in the spending of various countries around the world on research & development as well as growth in the number of research activities.

The refractive optical elements report starts with an overview of the refractive optical elements market in terms of value. In addition, this section includes an analysis of the key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the refractive optical elements market.

The refractive optical elements market is classified on the basis of type, application, industry, and region. By type, the refractive optical elements market is segmented into micro-lens array and refractive homogenizer. Based on application, the refractive optical elements market is subsegmented into medicine (laser treatment), semiconductor manufacturing, lighting, laser material processing, fiber & waveguide coupler, displays & projectors, metrology, LIDAR, and others.

A detailed analysis has been provided for every segment in terms of market size analysis for the refractive optical elements market across different regions. This section provides a detailed analysis that covers the key trends witnessed by the refractive optical elements market.

The next section contains a detailed analysis of the refractive optical elements market across various countries in the region. It provides the outlook for the refractive optical elements market for 2018–2026, and sets the forecast within the context of the refractive optical elements market. This study discusses the key trends within countries contributing to growth of the refractive optical elements market, as well as analyses the degrees at which the drivers are influencing the refractive optical elements market in each region. The key regions and countries assessed in this refractive optical elements market report include North America (U.S. & Canada), Latin America (Brazil, Mexico, & the rest of Latin America), Europe (Germany, U.K., Spain, France, Italy, Russia, & the rest of Europe), Japan, China, SEA & other of APAC (India, Malaysia, Indonesia, Philippines, Thailand, Oceania, & the rest of SEA & APEJ), and MEA (GCC Countries, Northern Africa, South Africa, Turkey, & the rest of MEA). This report evaluates the present scenario and the growth prospects of the refractive optical elements market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year, and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current refractive optical elements market, which forms the basis of how the refractive optical elements market will grow in the future. Given the characteristics of the refractive optical elements market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global refractive optical elements market is split into a number of segments. All segments in terms of type, application, industry, and different regions are analyzed in terms of basis points to understand the relative contributions of individual segments to the growth of the refractive optical elements market. This detailed information is important for the identification of various key trends in the global refractive optical elements market.

In addition, another key feature of this report is the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global refractive optical elements market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the refractive optical elements market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the refractive optical elements supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Some of the key competitors covered in the refractive optical elements market report are Axetris AG, Fraunhofer IOF, Jenoptik AG, Broadcom Inc., SÜSS MicroTec SE, Sintec Optronics Pte Ltd., LightTrans GmbH, HOLO/OR LTD., RPC Photonics and SILIOS Technologies.

Key Segments

By Type

  • Micro Lens Array
  • Refractive Homogenizer

By Application

  • Semiconductor Manufacturing
  • Laser Material Processing
  • Lighting
  • Medicine (Laser Treatment)
  • Displays & Projectors
  • Metrology
  • LIDAR
  • Fiber and Waveguide Coupler
  • Others

By Industry

  • Telecommunication
  • Healthcare
  • Electronics and Semiconductor
  • Energy and Others

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • APEJ
    • India
    • Malaysia
    • Philippines
    • Indonesia
    • Thailand
    • Oceania
    • Rest of SEA & APAC
  • Japan
  • China
  • MEA
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

Key Companies

  • Axetris AG
  • Fraunhofer IOF
  • Jenoptik AG
  • Broadcom Inc.
  • SÜSS MicroTec SE
  • Sintec Optronics Pte Ltd.
  • LightTrans GmbH
  • HOLO/OR LTD.
  • RPC Photonics
  • SILIOS Technologies

Optical elements, surfaces, or interfaces change the behavior of light, or, in other words, change the basic properties of light. When these changes are brought about through the optical processes of refraction, these elements are known as Refractive Optical Elements (ROEs).

Market Segmentation: Microlens Array Subsegment Expected to Create the Highest Incremental Opportunity During the Forecast Period 

In this report, PMR has segmented the global refractive optical elements market on the basis of type, industry, application, and region. By type, the refractive optical elements market is segmented into refractive homogenizer and microlens array. The refractive homogenizer subsegment is expected to grow at a relatively higher CAGR in the refractive optical elements market due to the increasing usage of refractive elements like these in critical application areas, which include laser material processing. However, the microlens array subsegment of the refractive optical elements market is expected to capture the largest share of the global refractive optical elements market and is expected to create an incremental opportunity of US$ 195.2 Mn between 2018 and 2026.

New Developments and Opportunities in Industries such as Telecommunication, Electronics & Semiconductors, and Healthcare are Driving the Market

Continuous and increasing investments in the global telecommunication sector, which can be attributed to the demand for the best equipment, have been creating growth opportunities in the refractive optical elements market. Moreover, high spending on research & development by the electronics & semiconductors industry is creating potential growth opportunities for the refractive optical elements market.

Technological Advancements in Semiconductor & Electronics and Continuously Increasing Expenditure on Healthcare are Creating Potential Growth Opportunities

Based on industry, the refractive optical elements market is subsegmented into healthcare, telecommunication, electronics & semiconductor, energy, and others. High spending on the research & development of laser treatment equipment and continuous innovations in the refractive optical elements market are some of the major factors promoting the growth of the healthcare industry subsegment of the refractive optical elements market. However, the electronics and semiconductor subsegment of the global refractive optical elements market is also expected grow at a relatively higher CAGR during the forecast period. In terms of value, the telecommunication subsegment of the refractive optical elements market is expected to create an incremental opportunity of US$ 64.0 Mn during the forecast period.

Regional Overview: Europe Expected to be the Most Attractive Region for the Refractive Optical Elements Market

On the basis of geography, the refractive optical elements market is subsegmented into North America, Latin America, Europe, Japan, China, SEA & others of APAC, and Middle East & Africa. The refractive optical elements market in Europe is expected to dominate the global refractive optical elements market owing to the presence of several venture capitalists that are investing in small and medium refractive optical elements companies. This has made it easy for these companies to prevail and expand the reach of the refractive optical elements market. Moreover, high spending on research & development by the governments of various countries in the region as well as the presence of major manufacturers of refractive optical elements in the region has also been an important factor driving the refractive optical elements market. SEA & other APAC and North America are also expected to capture a substantial market share in the global refractive optical elements market owing to major technological advancements in the semiconductor & electronics industry and the strong presence of Tier-1 manufacturers in the region. Moreover, the refractive optical elements market in Latin America and Middle East & Africa is expected to grow at a high CAGR owing to an increase in the reach of tier-1 manufacturers in these regions, increase in government spending as well as growth in the number of research activities.

refractive optical elements market

According to PMR analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies, which is expected to enable the manufacturers of refractive optical elements to reach new growth markets. Moreover, the acquisition of businesses, technologies, and products is also expected to help the manufacturers of refractive optical elements accelerate revenue growth and create value for shareholders. Some of the market participants in the global refractive optical elements market report include SÜSS MicroTec SE, Jenoptik AG, HOLO/OR LTD., LightTrans GmbH, Broadcom Inc., Sintec Optronics Pte Ltd., Axetris AG, Fraunhofer IOF, RPC Photonics, and SILIOS Technologies.

Company Profiles

  • Fraunhofer IOF
  • Jenoptik AG
  • Broadcom Inc.
  • SÜSS MicroTec SE
  • Sintec Optronics Pte Ltd.
  • LightTrans GmbH
  • HOLO/OR LTD.
  • RPC Photonics
  • SILIOS Technologies
  • Axetris AG
  • Others.
Back To Top