Beam Expander Market Progresses for Huge Profits During 2017-2027
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Beam Expander Market: Market Dynamics
A major factor driving the demand for beam expander is the expansion of access network and optic transport in the telecom sector supported by increasing application of fiber optics in cable, broadband, and data communication services. Beam expander devices are witnessing an increase in application in verticals such as defense & aerospace, healthcare, telecommunication, energy & utility, industrial applications and others.
Beam Expander Market Segmentation
Segmentation of Beam Expander Market on the basis of application:
Defense and Aerospace
Energy & Utility
Segmentation of Beam Expander Market on the basis of devices:
Optical communication devices
Laser delivery system and processing system
Measurement and testing devices
Light detection and ranging
Remote sensing devices and others
Segmentation of Beam Expander Market on the basis of design:
Segmentation of Beam Expander Market on the basis of geography:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
The Middle East and Africa (GCC, South Africa, North Africa)
On the basis of geography, beam expander market can be segmented into seven key markets namely North America, Latin America, Western Europe, Eastern Europe, APAC, Japan, Middle East and Africa. Among all the regions, Asia-Pacific is expected to dominate the market of beam expander supported by increasing telecom operation and penetration in the region to provide service to a large population of the region. Asia Pacific is expected to be followed by North America and Europe region.
Technological advancement and rapid expansion of fiber optics segment across the globe provides a new opportunity for the beam expander market. Increasing need of beam expander devices to improve the efficiency of laser processing system is driving the growth of the market. Beam expander application in a varied number of devices including optical communication devices, laser delivery system and processing system, measurement and testing devices, light detection and ranging, remote sensing devices and others will support the growth of beam expander market.
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Major players in the field of beam expander include Qioptiq Photonics GmbH & Co. KG (Germany), Edmond Optics, Inc. (U.S.), Lumetrics, Inc. (U.S.), Sill Optics GmbH (Germany), Jenoptik AG (Germany), Micro Laser Systems, Inc. (U.S.), American Laser Enterprises LLC (U.S.), and Thorlabs, Inc. (U.S.).
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