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Micro-optics (DOEs and ROEs) Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030

Format: PDF | Pages: 309 | Report ID: MRS1262


Report Description

The global Micro-optics (DOEs and ROEs) market size was valued at USD 2,900.8 million in 2022, expanding at a CAGR of 8.2% from 2023-2030 to reach 4,205.7 Million USD in 2030.

Market Dynamics

Demand is rising due to expanding use in the medical sector and laser applications for material processing. The global market for refractive optical elements is anticipated to expand as a result of the growing technological developments in laser material processing. The expansion of this regional market may be due to a number of variables, including rising research and development expenditures, rising demand from the medical sector, and expanding aerospace and defense industries. The market for refractive optic elements has expanded due to the increased need for highly precise optical components. The optical component can function as a beam-shaping tool. In comparison to typical lenses or mirrors, using refractive optics enables users to produce high-quality beams at a reduced cost and in small spaces. Given the high cost of healthcare globally and the significant growth in research into diffractive optical elements' biomedical uses, DOEs are now projected to be used more frequently. High-efficiency performance requires the use of multilevel diffractive optical components. Diffractive optical components aid in the development of numerous functionalities with less light loss, which stimulates market expansion.

Increased government spending on micro-optics R&D is also thought to help refractive optical elements spread throughout different locations, particularly in developing regional markets. The strong market presence of Tier 1 manufacturers of consumer electronics and semiconductor devices is another factor anticipated to drive sales of refractive optical elements throughout SEAP, notably in China. Refractive optical elements have seen growth potential as a result of ongoing and rising investments in the global telecommunications sector, which can be ascribed to the need for the best equipment. In addition, the significant investment in R&D by the semiconductor and electronics industries is generating prospective growth possibilities for the market for refractive optical elements.

Regional Insights

Owing to the presence of venture capitalists investing in small and medium refractive optical element companies, the optical elements industry in Europe is anticipated to dominate the worldwide micro-optic market. Because of this, it has been simple for these businesses to succeed and broaden the market for refractive optical elements. A significant factor driving the market for refractive optical elements has also been the substantial investment in research and development by the governments of various nations in the region, as well as the presence of major micro-optic producers in the region.

Because of significant technical breakthroughs in the semiconductor & electronics industries in the area, SEA & other APAC, and North America are also anticipated to significantly increase their market share in the worldwide refractive optical elements market.

Segment Dynamics

The Micro-optics (DOEs and ROEs) market is fragmented into the type and application segments. Based on the type, the DOE segment is anticipated to dominate the market. By application, the semiconductor manufacturing segment is projected to grow at the highest CAGR during the forecast period.

Competitive Insights

The Micro-optics (DOEs and ROEs) market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in June 2022, Jenoptik expanded its optics manufacturing capacities by building a new office complex in Dresden, German. Additionally, in January 2020, HOLOEYE Photonics AG announced the launch of ten new standard diffractive optical elements with different patterns

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Micro-optics (DOEs and ROEs)s by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, market price analysis, and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Jenoptik
  • HORIBA
  • Newport Corporation
  • Zeiss
  • Shimadzu Corporation
  • Edmund Optics
  • Lightsmyth (Finisar)
  • Optometrics (Dynasil)
  • Kaiser Optical Systems
  • SUSS MicroTec AG.
  • Photop Technologies

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • DOE
  • ROE

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

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

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Micro-optics (DOEs and ROEs) market size was valued at USD 2,900.8 million in 2021, expanding at a CAGR 8.2% from 2022-2028 to reach 4,205.7 Million USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Micro-optics (DOEs and ROEs) market is expanding at a CAGR 8.2% from 2022-2028 to reach 4,205.7 Million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Micro-optics (DOEs and ROEs) market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in June 2021, Jenoptik expanded its optics manufacturing capacities by building a new office complex at its Dresden, German. Additionally, in January 2020, HOLOEYE Photonics AG announced the launch of ten new standard diffractive optical elements with different patterns

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