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Key Revenue Pockets - Beam Expander Market
The players in the fiber optics industry across the globe are competing to develop and incorporate newer technologies and devices in order to sustain in the fierce competition posed by the industry. The major applications of the beam expanders involve processes such as the focusing of collimated laser beam, collimating light from a point source, and expanding the laser beams. The fiber optic beam expanders are used in industries such as military & defense, scientific research & instrumentation, medical, mining, petroleum exploration, utilities, and so on. The scientific research & instrumentation as well as industrial applications, such as mining, oil exploration, and utilities, are the major consumers of the fiber optic technology based beam expanders. In the scientific research applications including meteorological LIDAR systems, beam expanders are often used to magnify the laser beam to reduce its divergence in the far field. An off-axis reflective beam expander greatly reduces the blind zone of the LIDAR detection and therefore, is widely used for this particular application. In LIDAR systems such as Doppler Wind LIDAR, beam expanders with high wavefront performances are used so that a high LIDAR efficiency is achieved. Optical communication devices, such as modulators, are the major instruments where beam expanders are used.
The global beam expander market for fiber optics is largely driven by the telecom & broadband and oil & gas applications. Asia-Pacific is the dominating region for the fiber optic components’ consumption. The telecom & broadband application is expected to show a decent growth in the next five years, being driven by investments in the new information technology and telecommunication sectors as well as the upcoming developments and projects in the U.S., China, India, Brazil, and central & eastern countries. The fiber optics industry is moving toward investments in the implementation of technologies to produce new and high-quality products.
The recent improvement in the economic environment after the economic downturn is favorable for the development of new business models, products, and services for the global market, and companies in the marketplace have started working toward formulating strategies, including the technology development, commercialization, and standardization strategies, for the overall expansion and strengthening of their businesses. Recently, the photovoltaic energy field has been leading the growth of the optoelectronics field and rising rapidly since 2008. This has particularly opened new opportunities for the fiber optic beam expander manufacturers in the areas of optical communication and laser material processing. The global beam expander market for fiber optics is anticipated to show a growth of about 9% during 2014–2020.
Beam Expander Market by Design (Galilean, Keplerian), Device (Optical Communication, Measurement, Laser Systems, Remote Sensing), Application (Defense, Instrumentation, Industrial, Commercial), & Geography - Global Forecast to 2020
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