August 04, 2022 10:00 ET | Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, Aug. 04, 2022 (GLOBE NEWSWIRE) -- According to Persistence Market Research analysis, adoption of diffractive optical elements reached a growth of US$ 647 Mn in 2021, and is set to register a CAGR of 6.4% from 2021-2031.
Diffractive optical elements are rapidly finding their way into many practical optical systems, and this has given rise to a spurt of research & developmental activities in this area. Reduction of the volume of optical elements alongside an increase in their effective efficiency has led to a new direction of research, leading to many practical applications. Multilevel diffractive optical elements are necessary for achieving high-efficiency performance. Diffractive optical elements help in the development of a wide variety of functions with minimal loss of light.
For example, the homogenization of light and beam conversion can be easily created using the micro-optical procedure, which could not be achieved in the past. This has been possible due to the small optics that have brought it down to a new level of light manipulation. Thus, increasing efficiency of diffractive optical elements is set to fuel global market growth over the coming years.
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“Increasing demand for high optical resolution has brought researchers to explore the use of beam shaping diffractive optical elements (DOEs) for improving performance across various industry verticals,” says a Persistence Market Research analyst.
Adoption of Micro-Optic in Decisive Applications Fueling Market Expansion
Micro-optics help in the development of a wide variety of functions with minimal loss of light. Micro-optics is a key technology for various products and applications. The most apt examples are diffractive light-shaping elements used in high-end DUV lithography steppers.
Highly efficient refractive and diffractive micro-optical elements are utilized for precise beam and pupil shaping. Micro-optics also have a huge impact on the reduction of aberrations and diffraction effects in projection lithography. Micro-optics also play an important part in medical devices (endoscopes and ophthalmology) as well as in all laser-based devices.
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Thus, rising adoption of micro-optics in decisive applications is expected to drive demand for diffractive optical elements over the coming years.
More Valuable Insights on Offer
Persistence Market Research’s report on the diffractive optical elements industry research is segmented into five major sections –type (beam shapers, (low power, high power), beam splitters, and homogenizers (beam diffusers)), application (laser material processing (laser marking, laser welding, and laser cutting), biomedical devices, LiDAR, lithographic and holographic lighting, optical sensors, communication, and others), industry (telecommunication, healthcare, electronics and semiconductors, energy, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
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