Diffractive Optical Elements Market to Surpass Valuation of US$ 1 Bn by 2031: Transparency Market Research

Diffractive Optical Elements Market: Introduction

Transparency Market Research delivers key insights on the global diffractive optical elements market. In terms of revenue, the global diffractive optical elements market is estimated to expand at a CAGR of 6.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global diffractive optical elements market.

The global diffractive optical elements market is broadly affected by several factors, including increase in use of diffractive optical elements and rapid adoption of diffractive optical elements in medical devices, which boost the global diffractive optical elements market.

Diffractive Optical Elements Market: Dynamics

Diffractive optical elements (DOEs) play an important role in provision of the process-adapted laser beam shaping. This has made laser beam shaping and homogenization techniques essential to optimize numerous laser-material processing applications.

DOE in laser material processing is utilized to shape or split laser beams during welding, cutting, scoring, soldering, and drilling. DOE in the laser beam forming optics, extends the depth of focus of the system, without increasing the focal length of the focusing optic. In this way, for cutting thick materials, the goal is to achieve the cutting performance of a long focal length lens, with the beam divergence of a short focal length lens.

The use of DOEs to create more complex shapes could further enhance cutting performance. DOEs have been designed and manufactured, which when used in conjunction with a conventional focusing lens, to be able to increase the beam waist diameter that helps in cutting process through the laser.

Factors mentioned above and advantages of diffractive optical elements are driving the use of diffractive optical elements in laser material processing.

Diffractive Optical Elements Market: Prominent Regions

Europe accounted for a prominent share of the global diffractive optical elements market in 2020. The region is expected to continue its dominance during the forecast period, as the region is a major center of research and development activities in the field of optics. The diffractive optical elements market in North America and Asia Pacific is likely to expand substantially, owing to investment in technology in these regions. Industrial and healthcare markets is also paying lots of attention to diffractive optical elements.

Diffractive Optical Elements Market: Key Players

Key players operating in the global diffractive optical elements market are Broadcom Inc., HOLO/OR LTD., HOLOEYE Photonics AG, Jenoptik AG, Laser Optical Engineering Ltd, Laserglow Technologies, LightTrans GmbH, SILIOS Technologies., Sintec Optronics Pte Ltd, SÜSS MicroTec SE, Nil Technology, and AGC Group.

Global Diffractive Optical Elements Market: Segmentation

Diffractive Optical Elements Market, by Type

  • Beam Shaper
  • Beam Splitter
  • Homogenizer (Beam Diffuser)
  • Others (Pattern Generators, Kinoforms, etc.)

Diffractive Optical Elements Market, by Application

  • Laser Cutting
  • Laser Welding
  • Semiconductor Wafer Inspection
  • Lithography
  • Optical Sensors & Encoders
  • 3D Sensing
  • Biomedical Devices
  • Others (Barcode Scanner, LIDAR, etc.)

Diffractive Optical Elements Market, by End-use Industry

  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Electronics & Semiconductor
  • IT & Telecommunication
  • Industrial
  • Energy & Utilities
  • Others (Food and Beverage, Oil & Gas, etc.)

Diffractive Optical Elements Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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