Refractive Optical Elements Market Growth to Surge Owing to Increasing Adoption by End-use Applications
Verfasser: yogesh on Wednesday, 30 January 2019Refractive optical elements continue to find maximum applications in semiconductor manufacturing. Attractive opportunities are likely to reside in the laser material processing segment. “While both are forecast to hold a collective share of just-under 1/3rd of the total market value in 2020, the applications in metrology and fiber and waveguide coupler also account for significant individual value shares in the market,” says a senior market research analyst at Persistence Market Research.
At an estimated yearly growth of just-over 8.5% in the revenue, the global refractive optical elements market is likely to cross the valuation of US$ 300 million in 2020 – indicates a recently published research intelligence report by the company.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/25909
The study offers an excellent sales outlook for micro lens array that currently contributes around 80% share to the market value. Refractive homogenizer on the other side is rapidly gaining ground, as per the report projections.
ICT & Telecom Contribute Heavily to Market Value
Predominantly driven by the demand in semiconductor manufacturing and laser material processing, the sales of refractive optical elements are likely to expand at a robust pace over the upcoming years.