Lithium Niobate Modulator Market Expected to Reach $6.5 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Lithium Niobate Modulator Market," The lithium niobate modulator market size was $3.7 billion in 2021, and is estimated to reach $6.5 billion by 2030, growing at a CAGR of 6.74% from 2022 to 2030.

Nonlinear optical, photorefractive, piezoresistive, and electrical properties of lithium niobate are not found in other materials. It is defined as an electrical substance and is used for crystal increasing techniques that aid in the consistent production of large crystalline of high perfection. Because of its unique combination of acousto-optics, nonlinear optical, and electro-optical properties, it is an appealing application for integrated optic fibre. It is a supporting system for the advanced electronics and telecommunications industries, and it is crucial in converting electronic data to optical data on fibre optic systems. Lithium niobate is used in sensors, optical waveguides, optical modulators, and mobile phones.

The global lithium niobate modulator industry is segmented on the basis of type, wavelength window, application, end-use and region. Based on type, the market has been divided into 10 GHz, 20 GHz, 40 GHz, and others. Based on wavelength window, the market has been divided into 800 nm, 1060 nm, 1300 nm, 1550 nm, and others. Based on application, the market is divided into phase keyed optical communications, spectrum broadening, interferometric sensing, quantum key distribution and others. Based on end-use, the market has been divided into IT & Telecom, aerospace & defense, industrial, research and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The key players profiled in this report include iXblue Group, Gooch & House plc, Fujitsu Optical Components Ltd, THORLABS, Beijing Panwoo Integrated Optoelectronic Inc., Fabrinet Inc., Lumentum Operations LLC, and EOSPACE, Inc.

The report focuses on the global lithium niobate modulator market outlook, lithium niobate modulator market analysis, and lithium niobate modulator market trends. It further highlights numerous factors that influence the lithium niobate modulator market growth, such as forecast, trends, drivers, restraints, lithium niobate modulator opportunity, and roles of different key players that shape the market. The report focuses on lithium niobate modulator forecast and lithium niobate modulator market share in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

IMPACT OF COVID-19 ON THE GLOBAL LITHIUM NIOBATE MODULATOR MARKET

• As a result of the COVID-19 pandemic, the rise of hyper scale computer science has increased global interest in data hubs. High-speed sequential transmitters and modulators, which form the backbone of networks such as the internet, are used in communication systems, data centers, and many other telecommunication technologies.
• The rapid increase in data transmitting by elevated servers, computer systems, and internet backbone storage systems has also led to a high demand for lithium niobate modulator to ensure smooth and speeded up flow of data.
• Factors like the increase of internet connectivity worldwide, the transition to FTTH, the increase in the number of Internet of Things (IoT), the growth in data center traffic across networks, as well as communication systems are all fueling demand for lithium niobate modulator throughout the pandemic.   

Key Findings of the Study

• On the basis of type, the 20 GHz sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of wavelength window, the 1550 nm sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of application, the phase keyed optical communications sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of end-use, the IT & Telecom sub-segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of region, Asia-Pacific registered the fastest growth and is projected to maintain the position during the forecast period.