Spatial Light Modulator Market Worth 451.2 Million USD by 2020
PUNE, India, January 29, 2016 /PRNewswire/ --
According to the new market research report "Spatial Light Modulator Market by Application (Beam Shaping, Display, Optical, Laser Beam Steering, Holographic Data Storage), Resolution (Less Than 1024*768 PX, EQ or More Than 1024*768 PX), Type and Geography - Global Forecast to 2020", published by MarketsandMarkets,the market is expected to grow from USD 202.2 Million in 2015 to USD 451.2 Million by 2020, at a CAGR of 17.4% from 2015 to 2020.
Browse 43 market data Tables and 40 Figures spread through 83 Pages and in-depth TOC on "Spatial Light Modulator Market"
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Spatial light modulator has various applications such as display application, laser beam steering, beam shaping, optical application, holographic data storage, and others. Other application areas for spatial light modulator include holographic projection, multidimensional spectroscopy and microscopy, programmable phase/amplitude grating, and application related to coherent control. The increased demand for displays in various applications, such as gaming, advertisements, and entertainment devices, are factors driving the spatial light modulator market.
The beam shaping application segment is expected to grow at a high CAGR from 2015 to 2020
Beam shaping segment involves its use in femtosecond laser pulse shaping, laser & material processing, and beam shaping for material processing. The beam shaping segment is used on a large-scale in various industries, thereby boosting growth in the spatial light modulator market.
Equal or more than 1024*768 pixel resolution spatial light modulator segment is expected to grow at a fast rate during the forecast period
Currently, less than 1024*768 pixel resolution segment dominates the spatial light modulator market, however, by 2020, equal or more than 1024*768 pixel resolution segment is expected to dominate the overall spatial light modulator market. The key players, such as Forth dimension displays Ltd. (Scotland), HOLOEYE Photonics AG (U.S.), SANTEC CORPORATION (Japan), and Texas Instruments (U.S.) dominate in the high resolution spatial light modulator product segment. For instance, in 2015, Forth Dimension launched QXGA (2048 x 1536), SXGA (1280 x 1024) and WXGA (1280 x 768) resolution employing time domain imaging, used in spatial light modulator for structured light projection in amplitude modulation or as a binary phase modulator.
Asia-Pacific is projected to account for a large share and grow at a high CAGR during the forecast period:
In 2014, Asia-Pacific accounted for a larger share of the overall spatial light modulator market; and is expected to grow at the highest CAGR between 2015 and 2020, followed by North America. The applications such as optical application, beam shaping, and display application are expected to exhibit high growth in Asia-Pacific.
Major players in the Spatial Light Modulator Market are Hamamatsu Photonics K.K. (Japan), SANTEC CORPORATION (Japan), Forth Dimension Displays Ltd. (U.S.), Jenoptik AG (Germany), HOLOEYE Photonics AG (Germany), Texas Instruments (U.S.), Laser 2000 (UK) Ltd., PerkinElmer Inc. (U.S.) and Meadowlark Optics, Inc. (U.S.)
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This report describes the market trends, drivers, and challenges with respect to the spatial light modulator market and forecasts the market till 2020. The report provides a detailed view of the market across the four geographies, namely, North America, Europe, Asia-Pacific, and rest of the World.
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