Beam Expander Market
Beam Expander Market Analysis by Galilean and Keplerian for Optical Communication, Measurement, Laser Systems, Remote Sensing, and LiDAR from 2023 to 2033
Analysis of Beam Expander Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Beam Expander Market Outlook (2023 to 2033)
Newly-released beam expander market analysis report by Fact.MR reveals that global sales of beam expander market in 2023 is estimated at US$ 1.4 Billion. With 4.4% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 2.2 Billion by the end of the forecast period.
Galilean beam expanders are expected to be the highest revenue-generating design type, projected to grow at a CAGR of over 4.3% from 2023 to 2033.
Attributes | Details |
---|---|
Global Beam Expander Market Size (2023) |
US$ 1.4 Billion |
Global Beam Expander Market Size (2033) |
US$ 2.2 Billion |
Global Beam Expander Market CAGR (2023-2033) |
4.4% |
U.S. Beam Expander Market CAGR (2023- 2033) |
3.3% |
Key Companies Covered |
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Revenue of Beam Expander Market from 2018 to 2022 Compared to Demand Outlook from 2023 to 2033
As per the Beam Expander Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 5.3% CAGR. With an absolute dollar opportunity of US$ 772 Million, the market is projected to reach a valuation of US$ 2.2 Billion by 2033.
What key factors are influencing the market's expansion?
The increasing use of laser technology in the automotive sector and optical components such as circulators, couplers, isolators, switch elements, filters, and various other types of connectors, are the prominent factors affecting the market growth. It is expected that by 2030 sales of optical connectors will be worth USD 11.44 billion.
Beam expanders are extensively used in a range of optical communication components due to their ever-increasing applications and advantages such as in pump laser modules, expanded beam connector assemblies also used in transmitters, modulators, in switches with a particular wavelength. Between 2023 and 2033, there will likely be an increase in the number of wireless charging receivers and transmitters delivered globally. Deliveries of wireless charging transmitters and receivers are anticipated to increase to 4.7 billion units by 2030.
Beam expanders are being utilized in application areas such as mining and petroleum exploration. The mining exploration budget for Canada grew in 2021 as compared with 2020 by USD 801 Million. Similarly, the mining exploration budget for Australia grew in 2021 as compared with 2020 by USD 530 Million. Because of a such massive increase in the mining exploration by countries the market of beam expanders is set to grow at a rapid pace.
Beam expanders are used in the manufacturing of medical laser systems. Global sales of medical laser systems were estimated to be worth USD 2.95 billion in 2021. Sales are anticipated to amount to over US$ 6 billion by 2033. One of the prominent use of beam expanders is in holograms and besides, it has many applications in medical sciences. For Instance, the ARC Centre of Excellence for Transformative Meta-Optical Systems is developing a 3D hologram to save lives in field hospitals.
The fibre optics segment and the advancement of technology are the prominent factors that are leading to the rapid market growth. Beam expanders are used in laser processing systems as they help to enhance the efficiency of laser processing systems, this is the main factor that contributes to the market growth.
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Which Region is projected to offer the Significant Opportunity in the Market?
APAC region had a market size of US$ 0.65 Billion in 2022 and is projected to account for a market worth US$ 1.05 Billion by 2033.
China-based Changchun New Industries Optoelectronics Technology Co., Ltd. Produces beam expanders that are used in the manufacturing of lasers such as DPSS lasers, diode lasers, and multi-wavelength lasers A consulting project named "Strategic Research on China's Laser Technology and its Application by 2035" was started by the Chinese Academy of Engineering in 2018 to further the advancement of laser technology using beam expanders and its applications. Thus, the manufacturing of beam expanders by prominent players in the region and developments made by government institutions helps the market to grow.
Country-wise Analysis :
United States Beam Expander Market Analysis :
The market in the United States is expected to grow to be worth US$ 345.8 Million by 2033 with an absolute dollar growth of US$ 95 Million between 2023 and 2033. The market in the country has grown at a CAGR of 2.3% from 2018 to 2022 and is expected to grow at a CAGR of 3.3% from 2023 to 2033.
In December 2021, Omega Optical holdings, a US-based company acquired two companies named Evaporated Metal Films Corp. (EMF) and Optometric Corp., which are producers of beam expanders. Due to this acquisition, Omega optical holdings is set to manufacture more products of beam expanders in the region.
United Kingdom Beam Expander Market Analysis :
The market in the United Kingdom is expected to grow to be worth US$ 56.2 Million by 2033 with an absolute dollar growth of US$ 13.9 Million. The market has grown at a CAGR of 0.9% from 2018 to 2022 and is expected to grow at a CAGR of 2.9% from 2023 to 2033.
For instance, Optical Surfaces Ltd is a UK-based company supplying Laser Beam Expanders all over the world. This company has supplied the first 10 effective beam expanders for Nuclear Physics (ELI-NP) Project to Thales which is located in Paris for producing an effective laser system using beam expanders. Thus, applications of beam expanders in such highly advanced laser systems cause the growth of the beam expanders market.
China Beam Expander Market Analysis :
The market in China is expected to grow to be worth US$ 550.3 Million by 2033 with an absolute dollar growth of US$ 237.7 Million. The market in China has grown at a CAGR of 7.3% from 2018 to 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2033.
For instance, SPT laser is a China-based company that provides a product -CO2 Laser Beam Expander. This product CO2 Laser Beam Expander has applications in improving the alignment of laser beams also the material used for this product is ZnSe/GaAs. Because of the use of beam expanders in the production of various lasers, the market is set to grow in the region.
Japan Beam Expander Market Analysis :
The market in Japan is expected to grow to be worth US$ 338.6 Million by 2033 with an absolute dollar growth of US$ 123.6 Million. The market in the country has grown at a CAGR of 5.5% from 2018 to 2022 and is expected to grow at a CAGR of 4.6% from 2023 to 2033.
The conventional hand metal arc welding approach has a high risk of harming the environment. The automotive sector adopted laser technology to address this pressing problem. For instance, Furukawa Electric introduced an industrial fibre laser in July 2021. To weld the automobile bodies and their components, such as the aluminium process, battery welding, and motors, this machine includes a 12kw fibre laser system.
Many such companies are replacing the traditional welding approach with laser technology in which the beam expander is the major component. Due to this transition in the automotive sector, the demand for beam expanders is steadily increasing.
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Category-wise Insights
Which type of device of Beam Expander is projected to Witness Securely Growth?
Optical Communication device type of beam expander is projected to witness significant growth with a projected CAGR of 4.2% from 2023 to 2033.
Optical communication is the prominently used method of communication. This is because optical communication includes eminent transmission range, remarkably low loss, absence of electromagnetic interference, and high bandwidth. Optical communication consists of optical fibre, transmitters, and receivers.
Competitive Analysis :
Key players in the market are Diamond SA, Thorlabs, Qioptiq, Edmund Optics, Micro Laser Systems, Lumetrics, Sill Optics GmbH, Jenoptik AG, Special Optics, Inc., American Laser Enterprises LLC, and Sintec Optronics Technology Pvt Ltd.
Some of the recent developments in the market are :
- In October 2022, Edmund Optics, US-based company which is a leading global supplier of optics, imaging, and photonics technology advanced its strategic partnership with SCHOTT in China to Provide Easy Access to Optical Filter Glass with Minimized Lead Times. Edmund Optics and SCHOTT first partnered in 2020 for providing SCOTT materials with facile and speedy. The recent partnership is expected to benefit the company’s market in China and all across Asia.
- In June 2021, Optical Surfaces Ltd, Kenley, a Surrey-based company has produced optical components and systems with high precision. Optical Surfaces Ltd has declared a new series of Reflective Beam Expanders. Such Beam expanders are having output a clear aperture of 75mm and a selection of magnifications, that are used for designing researchers requiring high performance and its metric of satisfaction.
- In January 2020, Jenoptik Group in Germany announced that they will be attending one of the important trade fairs photonics industry in North America with new laser beam shaping optics. The photonics group will be presenting F-theta lenses which are appropriate for innovative alignment and for ultra-short pulses which is a concept for beam expanders.
Segmentation of the Global Beam Expander Market :
-
By Design Type :
- Galilean
- Keplerian
-
By Device Type :
- Optical Communication
- Measurement
- Laser Systems
- Remote Sensing
- Lidar
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By Application :
- Instrumentation
- Mining
- Petroleum Exploration
- Scientific Research
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- FAQs -
How much is the current global market size?
The global market size of is worth US$ 1.4 Billion in 2023.
What will be the global market size in 2033?
The global market size is projected to witness a market size of US$ 2.2 Billion in 2033.
What was the CAGR market growth in 2018-2022?
The market is expected to grow at a CAGR of 5.3% from 2018 to 2022.
What is the projected % CAGR growth of the market from 2023 to 2033?
CAGR growth of the market from 2023 to 2033 is projected to be 4.4%.
Which is the top design type of that is expected to witness huge demand and what is its projected CAGR till 2033?
The Galilean Beam Expander is projected to witness significant demand till 2033 and they are expected to grow at a CAGR of 4.3% by 2033.
What type of device of Beam Expander is expected to witness the highest demand till 2033 and what is its projected CAGR?
As a device type optical communication is projected to witness the significant demand till 2033 and is expected to grow at a CAGR of 4.2% from 2023 to 2033.
What is the expected market size in the United States by 2033?
The United States is projected to witness a market size of US$ 345.8 Million and is expected to grow at a 3.3% CAGR till 2033.
Which are the key companies in the Beam Expander Market?
Diamond SA, Thorlabs, Qioptiq, Edmund Optics, Micro Laser Systems, Lumetrics, Sill Optics GmbH, Jenoptik AG, Special Optics, Inc., American Laser Enterprises LLC, and Sintec Optronics Technology Pvt Ltd.