Diffractive Optical Element Market Set to Surge at 7.9% CAGR, to Reach US$ 1.66 Billion by 2034

Widespread Use of Diffractive Optical Elements in Laser Surgery, Diagnostic Equipment, & Medical Imaging: Fact.MR Report

Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, reveals that revenue from the diffractive optical element market is approximated to reach US$ 780.9 million in 2024 and advance at a CAGR of 7.9% through 2034.

Diffractive optical elements (DOEs) are used in medical imaging, laser surgery, and diagnostic equipment. As the area of medicine develops, DOEs will be crucial to raising the precision and effectiveness of cutting-edge applications such as optical coherence tomography (OCT) and less intrusive procedures. In the domains of augmented reality (AR), virtual reality (VR), and 3D sensing technologies, DOEs are essential for accurately manipulating light for use in displays, projectors, and sensing devices. Due to the increasing demand for AR/VR in the gaming, entertainment, industrial, and educational sectors, the diffractive optical element market is growing.

Key Takeaways from the Market Study

• The global market for diffractive optical elements is analyzed to reach a value of US$ 1.66 billion by the end of 2034.
• The United States is evaluated to reach a market valuation of US$ 420.1 million by the end of 2034.
• China is projected to contribute a market share of 45.3% in East Asia in 2024.
• Demand for diffractive optical elements in Japan is estimated to reach US$ 53.8 million in 2024.
• The market in the East Asian region is approximated to advance at 8.2% CAGR through 2034.
• Demand for DOEs for use in laser material processing is forecasted to reach a valuation of US$ 647.8 million by the end of 2034.

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“The need for diffractive optical element stems from their ability to offer significant advantages over ordinary refractive optics in terms of performance, thus expanding the market,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Diffractive Optical Element Market

Jenoptik AG; Photop Technologies Inc.; GratingWorks Co., Ltd.; Wasatch Photonics Inc.; Holo/Or Ltd.; Hamamatsu Photonics K.K.; Kaiser Optical Systems Inc.; HORIBA, Ltd.; SUSS MicroOptics SA; Edmund Optics Inc.; Hamamatsu Photonics K.K.; Kaiser Optical Systems Inc.; HORIBA, Ltd.

Manufacturers Using Less Materials and Using More Energy Efficiently

The diffractive optical element (DOE) market includes the businesses that produce, distribute, and use optical components made with diffraction principles. These components use micro-structured surfaces to accurately adjust the phase and amplitude of light. Due to its adaptability, DOEs split, re-distribute, or shape light to suit the requirements of several optical systems and uses. DOEs are becoming common due to their capacity to simplify optical designs, reduce the number of components needed, and ultimately lower production costs. By replacing traditional optics with DOEs, manufacturers are reducing material usage and increasing energy efficiency across industries where cost and sustainability are important considerations.

Diffractive Optical Element Industry News:

• Based on the mechanical and optical needs of end customers, HOLOEYE introduced customised DOEs. The development service covers a number of phases, including engineering and simulation, volume manufacture, quality testing, tooling and mastering, and implementation assistance.
• Coherent Corp. introduced diffractive optical elements for high-power industrial lasers. To drastically lower the operating costs of commercial lasers and hasten their adoption in both new and existing applications, optical elements must be developed.
• Researchers employed variably polarised beams to allow multichannel information transmission in free space, according to a report published by the Multidisciplinary Digital Publishing Institute. The interaction between the primary polarisation states and vortex beams of different orders is investigated theoretically. We numerically simulate the transit of beams with various polarisation states through multi-order diffractive optical components.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the diffractive optical element market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges the diffractive optical element market based on type (beam shapers, beam splitters, homogenizers), application (laser material processing, biomedical devices, LiDAR, lithographic & holographic lighting, optical sensors, communication), and end-use industry (telecommunication, healthcare, electronics & semiconductors, energy), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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