Allied Market Research

2024

Optical Modulators Market

Optical Modulators Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Semiconductors

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Author's: | Sonia Mutreja
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An optical modulator is a device that serves to modulate a light beam. The beam can be transmitted in open space or transmitted by an optical wave guide (optical fiber). For instance, it has a broad variety of applications for stabilization and control of an optical resonator's resonance frequency. Highly advanced electronic devices are one of the main application areas of optic modulators. Optical modulators also have implementations in data recorders and image recorders. However, the growing use of optical modulators in research equipment is deemed one of prime business opportunities.

The global optical modulators market is segmented on the basis of type, application, and region. Based on type, the market is further bifurcated into amplitude modulators, polarization modulators, phase modulators, liquid crystal modulators, analog modulators, and others. Based on application, the market is divided into optical communication, fiber optic sensors, space & defense, industrial systems, and others. Geographically, the global market is analyzed across North America (Canada, Mexico, U.S.), Europe (France, Germany, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), LAMEA (Africa, Latin America, Middle East). 

Key players of the global optical modulators market analyzed in the report include Agiltron Inc., Cisco Systems Inc., Fujikura Ltd., Gooch & Housego Plc, IBM Corp., Intel Corp., Jenoptik AG, Lumentum Holdings Inc., MKS Instruments Inc., and Thorlabs Inc.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Factors including developments in the telecommunications sector will play an important role in maintaining its market share in the telecommunications field. Also    factors like increased demand for fiber-coupled integrated optical modulators, increased demand for cloud-based storage and increased demand for optical fibers. Nonetheless, poor reliability for spaceflight optical modulators, limits on optical modulators, and high operating costs for handling optical modulators can impede the expansion of the optical modulator industry in the coming years.

The global optical modulators market trends are as follows:

Defense offers lucrative opportunities for the market growth

Given the growing demand for technically advanced security and surveillance systems owing to the rise in acts of insurgency, a few of the factors contributing to the growth are also the increasing demand for the drone-powered electro-optical surveillance and night-watch systems. In addition, laser range finders would be implemented in daytime or nighttime, and in almost all climatic conditions, like haze, smoke, fog, and rain. The current advances in the optics system have assisted 24-hour situational awareness, 360-degree rotation, defense gun guidance, and automated object recognition. Such systems can identify the targets in daytime or at night, in high contrasts and also in low contrast. The market is anticipated to show further growth owing to the massive global military spending, with the armed forces acquiring different devices like optical systems, as well as introducing new technologies in this field.

Increase in utilization of optical modulators in smart homes

For smart homes, the use of optical modulators is growing as they deliver high-bandwidth signal for large distances. The optical modulators possess scalability and unlimited capacity for bandwidth that helps sustain a huge amount of data. Suppliers recently started to sell optical modulators that can effectively manage and track a variety of applications in smart homes, such as protection, access control, home security and residential care. The whole development should have a positive effect on the overall growth of the market.

Increasing business by setting up new sales offices in various geographical regions is among the leading business strategies that key players have embraced. A few of the other strategies adopted by firms are relying on the marketing and distribution channels alongside improving product offering to meet the demand of the customers. Also, a few of the company's market strategies involve new device creation, updating functionality of the developed products and forming collaboration agreements.

COVID-19 scenario Analysis: 

  • COVID-19 has affected the global market in various manners such as by directly impacting production and demand, has created supply chain disruption, and has also financial impact on corporations and financial markets.
  • Cisco is constantly monitoring its supply chain for problems that may impact its operations, working closely with its suppliers to identify and mitigate possible consequences. Cisco has well defined mechanisms for managing its activities through outbreaks such as COVID-19, including its Global Business Resilience (GBR) and Mechanisms for Supply Chain Incident Management (SCIM). Restrictions have been imposed on businesses in some countries, but exemptions have been granted to Cisco along with its partner manufacturers for some critical business work, which has allowed Cisco to continue operating with available capacity.
  • IBM pools its resources and brings together the right expert groups — customers, governments, scientists, developers, collaborators, academic institutions, health agencies, and IBMers — to work together and manage the COVID-19 outbreak by applying data, expertise, computational power, and insights to solve difficult problems.
  • Lumentum Holdings Inc. is implementing a sales reduction of $15 million to $20 million at the midpoint due to the expected effects of coronavirus outbreak.

Key benefits of the report:

  • This study presents the analytical depiction of the global optical modulators industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global optical modulators market share.
  • The current market is quantitatively analyzed to highlight the global optical modulators market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global optical modulators market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the optical modulators market research report:

  • Which are the leading market players active in the optical modulators market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the optical modulators market?
  • What are the projections for the future that would help in taking further strategic steps?

Optical Modulators Market Report Highlights

Aspects Details
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By Type
  • Amplitute Modulator
  • Polarization Modulators
  • Phase Modulators
  • Analog Modulators
  • Others
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By Application
  • Optical Communication
  • Fiber Optic Sensors
  • Space and Defense
  • Industrial Systems
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Hamamatsu Photonics K.K., Opto-Electronic, Fujitsu Optical Components Limited, Thorlabs Inc., Gooch & Housego PLC, APE GmbH, Lumentum Holdings Inc., Lightwave Logic, L3Harris Technologies Inc., Versawave Technologies Inc.

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Optical Modulators Market

Global Opportunity Analysis and Industry Forecast, 2023-2032