Lithium Niobate Modulator Market to Reach $6.5 Bn, Globally, by 2030 at 6.74% CAGR: Allied Market Research

Allied Market Research recently published a report, titled, 'Lithium Niobate Modulator Market by Type (10 GHz, 20 GHz, 40 GHz, Others), by Wavelength Window (800 nm, 1060 nm, 1300 nm, 1550 nm, Others), by Application (Phase Keyed Optical Communications, Spectrum Broadening, Interferometric Sensing, Quantum Key Distribution, Others), by End Use (IT and Telecom, Aerospace and Defence, Industrial, Research, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.' As per the report, the global lithium niobate modulator industry was pegged at $3.7 billion in 2021, and is expected to reach $6.5 billion by 2030, growing at a CAGR of 6.74% from 2022 to 2030.

Major Determinants of the Market Growth

Increase in demand for lithium niobate modulator in defense and aerospace industries and application in optical computing, digital & analogue signal processing, and communications have boosted the growth of the global lithium niobate modulator market. However, cost of modulator hampers the market growth. On the contrary, advanced technologies and deployment of 5G data network in the telecommunications field would open lucrative opportunities in the future.

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Covid-19 Scenario:

During the Covid-19 pandemic, major investors focused on improving internet infrastructure market.
Increase in massively scalable computer science supplemented the market during the pandemic. Moreover, rise in demand for high-speed serial transmitters and modulators in communication systems, servers, and various electronic systems boosted the market growth.
The interferometric sensing segment to manifest the highest CAGR through 2030

By application, the interferometric sensing segment is estimated to portray the highest CAGR of 7.47% during the forecast period, due to increasing adoption of 3G, 4G, and 5G and VoLTE networks. However, the phase keyed optical communications segment held the largest share in 2021, accounting for around one-fourth of the global lithium niobate modulator market.

The IT and Telecom Segment Dominated the Market

By end use, the IT and telecom segment held the largest share in 2021, contributing to more than one-thirds of the global lithium niobate modulator market. However, the aerospace and defense segment is projected to manifest the highest CAGR of 7.27% during the forecast period, as it assists in decreasing freight costs, tracking deliveries in real-time, and improving customer service.

North America held the Lion's Share

By region, the global lithium niobate modulator market across North America held the largest share in 2020, accounting for nearly two-fifths of the market. This is due to high adoption of automated systems for warehouse & distribution centers and technological advancements. However, the market across Asia-Pacific is expected to register the highest CAGR of 7.76% during the forecast period, owing to rise in e-commerce, surge in adoption of automation solutions such as robotics technology, autonomous mobile robots, and greater need for fast last-mile delivery services.

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Major Market Players

Beumer Group GmbH & Co. KG
Daifuku Co., Ltd.
Honeywell International Inc.
Jungheinrich AG
Kion Group AG
Knapp AG
Mecalux, S.A.
Murata Machinery, Ltd.
SSI Schaefer Group
TGW Logistics Group GmbH

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the global lithium niobate modulator market trends along with the current and future market forecast.
This report highlights the lithium niobate modulator market opportunity, key drivers, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global lithium niobate modulator market for strategy building.
A comprehensive global lithium niobate modulator market analysis covers factors that drive and restrain the market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
The report provides a lithium niobate modulator market outlook for 2021 and the lithium niobate modulator market forecast from 2022 - to 2030. In addition, the report highlights the lithium niobate modulator market share for each country.
IMPACT OF COVID-19 ON THE GLOBAL LITHIUM NIOBATE MODULATOR MARKET

During the Covid-19 pandemic, the country's largest investors began focusing solely on the internet infrastructure market, citing a strong market for wealth to boost the data economic system. The rise of massively scalable computer science has also resulted in an increase in global knowledge in data centers. High-speed serial transmitters and modulators are used in communication systems, servers, and other electronic systems to form the backbone of networks such as the internet.
The COVID-19 pandemic has increased people's reliance on online businesses significantly. In the midst of the Covid-19 pandemic, the country's top investors are concentrating solely on the internet infrastructure market, citing a strong market for wealth to boost the data economic system.
Widespread implementation of work-from-home policies Because of the COVID-19 pandemic, there has been a massive increase in global lithium niobate modulators, which are electro optic devices that use a signal controlled element with an electro-optic effect to modulate an optical beam.
 Lithium Niobate Modulator Market Report Highlights

Aspects Details
By Application
Phase Keyed Optical Communications
Spectrum Broadening
Interferometric Sensing
Quantum Key Distribution
Others
By End Use
IT and Telecom
Aerospace and Defence
Industrial
Research
Others
By Type
10 GHz
20 GHz
40 GHz
Others
By Wavelength Window
800 nm
1060 nm
1300 nm
1550 nm
Others
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest Of Asia Pacific)
LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
Key Market Players iXblue Group, Gooch & Housego plc, Fujitsu Optical Components Ltd, thorlabs, Beijing Panwoo Integrated ptoelectronic Inc., Fabrinet Inc., Lumentum Operations LLC, EOSPACE, Inc.

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