REPORT HIGHLIGHT
Micro-Optics (DOEs and ROEs) Market size was valued at USD 3,708.9 Million in 2022, expanding at a CAGR of 6.8% from 2023 to 2030.
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 defence 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.
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. 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 on R&D by the semiconductor and electronics industries is generating prospective growth possibilities for the market for refractive optical elements.
Micro-Optics (DOEs and ROEs) Market- Key Insights:
- As per the analysis shared by our research analyst, the global Micro-Optics (DOEs and ROEs) market is estimated to grow annually at a CAGR of around 6.8% over the forecast period (2023-2030)
- The micro-optics market is experiencing significant growth due to the increasing demand for miniaturized optical devices in various industries such as telecommunications, consumer electronics, healthcare, and automotive.
- Technological advancements in microfabrication techniques, such as lithography, etching, and replication methods, have enabled the mass production of high-quality micro-optics at lower costs.
- On the basis of region, North America was the leading revenue generator in 2022
- Because there are many 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 on 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.
Recent Developments:
- In June 2021, Jenoptik expanded its optics manufacturing capacities by building a new office complex at its Dresden, German
- In January 2020, HOLOEYE Photonics AG announced the launch of ten new standard diffractive optical elements with different patterns
Key features of the study:
- This proposed research study on Micro-Optics (DOEs and ROEs) market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Micro-Optics (DOEs and ROEs) market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Micro-Optics (DOEs and ROEs) market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Micro-Optics (DOEs and ROEs) market
- Impact of COVID-19 on Micro-Optics (DOEs and ROEs) market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Micro-Optics (DOEs and ROEs) market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Micro-Optics (DOEs and ROEs) market, we have also included competitive landscape and key innovator analysis for the Micro-Optics (DOEs and ROEs) market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Micro-Optics (DOEs and ROEs) market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Micro-Optics (DOEs and ROEs) market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MICRO-OPTICS (DOES AND ROES) MARKET KEY PLAYERS
- Hamamatsu Photonics
- HOLO/OR Ltd.
- Jenoptik AG
- SUSS MicroOptics SA
- Photop Technologies, Inc.
- LightTrans International UG
- RPC Photonics
- NIL Technology
- Zeiss
- Holographix LLC
GLOBAL MICRO-OPTICS (DOES AND ROES) MARKET, BY PRODUCT TYPE
GLOBAL MICRO-OPTICS (DOES AND ROES) MARKET, BY APPLICATION
- Semiconductor Manufacturing
- Laser Material Processing
- Lighting
- Medicine (Laser Treatment)
- Displays & Projectors
- Metrology
- LIDAR
- Fiber and Waveguide Coupler
- Others
GLOBAL MICRO-OPTICS (DOES AND ROES) MARKET, BY END USER
- Semiconductor
- Telecommunication
- Healthcare
- Energy
- Others
GLOBAL MICRO-OPTICS (DOES AND ROES) MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA