Electro-optic Modulators Market Overview:
Electro-optic modulator (EOM) enables users to control the amplitude, phase, and polarization state of an optical beam electrically. E.g., in communications systems, the modulator move information onto an optical frequency carrier without causing any degrading effects on laser line width and stability. Hence, EOM ﬁnds uses in a wide range of applications, requiring amplitude or phase modulation of CW or pulsed lasers. EOM makes them easy to modulate the amplitude or phase of an optical signal.
Some typical applications of EOM include in laser printing and in high-speed optical communications to modulate the power of a laser beam. In laser frequency stabilization schemes, EOM is used with the Pound–Driver–Hall method. In Q switching of solid-state lasers where the EOM serves to block the laser resonator before the pulse is to be emitted. In active mode locking, EOM modulates the optical phase with the round-trip frequency. Also in switching pulses in pulse pickers, regenerative amplifiers and cavity-dumped lasers EOM prove effective, providing exceptional performance.
Imaging and Data Recorders, Fiber Optic Sensors, Disk Recorders, and Digital Recording are the key application areas of EOM in addition to the research and development applications such as polarization rotators in high-speed ellipsometry and others. Hence, Electro-Optic Modulators perceive augmented demand from the various sectors such as Space and Defense, Optical Telecommunications, Instruments and Industrial Systems. The Huge uptake resultantly drives the market growth of EOM pervasively.
Acknowledging the traction, the market is vibrating with; Market Research Future (MRFR) in its recently published study report asserts that the global Electro-Optic Modulators Market gaining further prominence will register a spectacular growth at a CAGR of 11% during 2017 – 2023. Factors such as favorable reimbursement policies, coupled with the ongoing product development & commercialization help boosting the market growth.
Technological advancements are fuelling the market growth of EOM, bringing about many new techniques such as liquid crystal hybrid bi-stable optical device and others. Some of the unique features of EOM such as optical bi-stability observed in this device and successfully tested optical logic elements along with the ultra-linear modulation applications are commutatively fostering the market growth.
Furthermore, efforts & investments transpired into the R&D activities by the key market players for the development of new devices, are paying off well, propelling the market growth. Simultaneously, government initiatives are playing a significant role in the growth of EOMs.
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Major Key Players:
The Global Electro-Optic Modulators Market is led by some of the fervent players including Conoptics Inc. (US), Thorlabs Inc. (US), QUBIG GmbH (Germany), Inrad Optics Inc. (US), GLEAM Optics (Canada), Newport Corporation (US), Gooch & Housego PLC (UK), Photon LaserOptik GmbH (Germany), APE Angewandte Physik, Brimrose Corporation of America (U.S.), and Elektronik GmbH (Germany). Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of competition.
Electro-Optic Modulators Market Segmentations:
MRFR has segmented the market into three key dynamics for the convenience of the report and enhanced understanding;
By Type: Polarization Modulators, Amplitude Modulators, Phase Modulators, Analog Modulators, Liquid Crystal Modulators, Travelling wave Modulators, Thermally compensated Modulators.
By Application: Fiber Optic Sensors, Space and Defense, Optical Telecommunications, and Instruments and Industrial Systems
By Regions: Europe, North America, APAC and Rest-of-the-World.
Electro-Optic Modulators Market Geographical Analysis:
The North America market is estimated to lead the global Electro-Optic Modulators market with the significant market share. Increasing industrialization coupled with the presence of a well-developed telecom sector in the region drives the market growth. EOM perceives a large-scale adoption in telecommunications. The highest per capita income that is improving consumers’ lifestyle, enhancing their purchasing power is driving the growth of end-user industries of EOM such as fiber optic and telecommunication, leading to increasing the market size of EOM. Also, the presence of the leading players is one of the predominant factors propelling the market growth in the region.
Whereas, EOM markets in Europe & Asia Pacific regions stand at the second & third positions respectively, in terms of the market share. The European market is expected to demonstrate a healthy growth during the forecast period. The growth of this market attributes to the factors such as the availability of advent & advanced technologies backed by the increased investments in R&D activities. Prevalent funding support from the private and public bodies is propelling the growth of the Electro-Optic Modulators market in the European region, bringing about the improvement in EOM.
The Asia-Pacific market emerging as a lucrative market for EOM is expected to grow rapidly. Improving economy in the region is substantiating the market growth, availing technological advancement in the field of high-speed data recording and laser printing. Increasing per capita income is certainly one of the key driving force that fuelling the growth in the telecom industry escalates the market growth of EOM. China accounts for the major contributor to the market growth, followed by India, Japan, and South Korea respectively.
The Middle East & Africa own a tiny share in the global Electro-Optic Modulators market. The reason could be the least contribution, mainly from Africa due to the poor economy and stringent government policies. The Middle East market of EOM, on the other hand, is witnessing a spurting growth owing to the proliferation of Telecom industry. Substantial investments, Favorable policies, initiatives, and funding by the government is playing a key role in the market growth.
Electro-Optic Modulators Market Competitive Analysis:
Electro-Optic Modulators market appears to be competitive & fragmented owing to the presence of several matured & small key players forming a competitive landscape. Strategic partnership, expansion, acquisition, product & technology launch, and collaboration remain the key strategies of market players to achieve competitive advantage.
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June 15, 2018 –Lightwave Logic, Inc. (US), a technology company involved in the development of Next Generation Photonic Devices and Non-Linear Optical Polymer Materials Systems for applications in high-speed fiber-optic data communications and telecommunications, announced the acquisition of the polymer technology intellectual property assets of BrPhotonics Productos Optoelectrónicos S.A. (Brazil).
The acquisition is expected to broaden Lightwave Logic’s patent portfolio of electro-optic polymer technology significant, further strengthening the company’s design capabilities and solidifying its market position.
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