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Spatial Light Modulator Market Size & Share, by Type (Optically Addressed, Electrically Addressed); Application (Beam Shaping, Display Application, Optical Application, Laser Beam Steering, Holographic Data Storage); Resolution (Less than 1024*768 Pixels Resolution, Equal or More than 1024*768 Pixels Resolution) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4981
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Spatial Light Modulator Market size is anticipated to reach USD 20 Billion by 2035, observing nearly 16% CAGR from 2023 to 2035. In the year 2022, the industry size of spatial light modulator was USD 7 Billion. This growth of the market is influenced by a growing number of active gamers. Around 4 billion people play video games regularly worldwide. That number has increased by about 2 billion in just seven years. These gamers are demanding high resolutions displays in gaming devices which could be satisfied with the usage of spatial light modulators.

Further, to increase the use of spatial light modulators in high-speed applications, such as one-panel color sequential projection, many major players are releasing new spatial light modulator products with higher pixel resolution. These include important features such as high image frame rate, short response time, and small interpixel gap.

Spatial Light Modulator Market
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Global Spatial Light Modulator Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Adoption of Automotive- Around 65 million vehicles were sold globally in 2021, however about 66 million vehicles were sold globally in 2022. The installation of driver-assistance systems (ADAS) is also growing. A spatial light modulator could be used as LiDAR in ADAS. This enables the creation of accurate 3D maps of the surrounding for object detection to avoid accidents.
  • Rise in Installation of Digital Signage- With the growing installation of digital signage, the adoption of spatial light modulators is also predicted to grow. The spatial light modulator is set to offer engaging content by enhancing the capacity of digital signage.
  • Use of SLMs in Medical Imaging- Various biomedical imaging techniques such as optical coherence tomography (OTC) and multiphoton microscopy are making use of spatial light modulators. The spatial light modulator improves the image quality by shaping the wavefronts.

Challenges

  • Lack of Awareness Among Users Regarding Spatial Light Modulator
  • Lack of Technical Knowledge Among Researchers 
  • High Cost of Spatial Light Modulators – The cost of spatial light modulators is usually high. Hence, it might limit the adoption to those with tight budget constraints. The factors boosting the price of the spatial light modulator are the complexity of the manufacturing process and the involvement of specialized technology and materials. Therefore, this factor is poised to hinder the growth of the market.

Spatial Light Modulator Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~16%

Base Year Market Size (2022)

~ USD 7 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Spatial Light Modulator Segmentation

Application (Beam Shaping, Display Application, Optical Application, Laser Beam Steering, Holographic Data Storage)

The display application is expected to generate the largest revenue by the end of 2035. The factor that influences the growth of the segment is the increasing adoption of various consumer electronics items. Numerous electronic applications, such as smartphones, gaming consoles, and other entertainment devices, have raised the demand for displays. The most popular display technology up to this point is LC.

Type (Optically Addressed, Electrically Addressed)

The electrically addressed segment is slated to have significant growth over the forecast period. Real-time optical beam steerings, optical neural networks, optical processing, optical switchings, and picture projection—such as in projection TV, computer projection, and virtual reality projection—all require electrical addresses.

Our in-depth analysis of the market includes the following segments:

        Type

  • Optically Addressed
  • Electrically Addressed

        Application

  • Beam Shaping
  • Display Application
  • Optical Application
  • Laser Beam Steering
  • Holographic Data Storage

        Resolution

  • Less than 1024*768 Pixels Resolution
  • Equal or More than 1024*768 Pixels Resolution

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Global Spatial Light Modulator Industry Regional Synopsis

APAC Market Statistics

The market share of spatial light modulator in Asia Pacific is slated to have the highest growth by the end of 2035. This is backed by the presence of key manufacturers of electronic devices. Also, the education industries in this region are flourishing, hence these education industries are extensively adopting digitalization. There was about a 204% rise in the number of new gadgets connecting to the internet between January and August 2020 in Asia Pacific. In education, there are undoubtedly more devices in use than ever before.

North America Market Forecast

The spatial light modulator market in North America is poised to have significant growth during the forecast timeline. The key players in North America are contributing to the promotion of spatial light modulator by organizing various workshops. Hence, the demand for spatial light modulators is growing in this region.

Research Nester
Spatial Light Modulator Market Size (1)
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Top Featured Companies Dominating the Global Spatial Light Modulator Market

top-features-companies
    • Jenoptik AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Massachusetts Institute of Technology
    • Holoeye Photonics AG
    • PerkinElmer Inc.
    • Texas Instruments, Inc.
    • Kopin Corporation
    • Santec Holdings Corporation
    • Hamamatsu Photonics K.K.
    • Laser 2000 Ltd.
    • Thorlabs, Inc.

In the News

  • This issue of high-speed optical beam formation was studied for more than four years by an international team of researchers, under the direction of a group at MIT. They have demonstrated a programmable, wireless device that could manipulate light and do so orders of magnitude more quickly than commercial systems, such as by focusing a beam in a particular direction or adjusting the light's intensity.
  • With the biggest effective area in its class and significantly increased heat resistance, Hamamatsu Photonics K.K. has created a new spatial light modulator (SLM).

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4981
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factor driving the growth of the market is the growing adoption of automotive, the rise in the installation of digital signage, and the use of SLMs in biomedical imaging.

The market size of spatial light modulators is anticipated to attain a CAGR of ~16% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Jenoptik AG, Massachusetts Institute of Technology, Holoeye Photonics AG, PerkinElmer Inc., and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, resolution, and by region.

The electrically addressed segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Lack of awareness among users regarding spatial light modulators, lack of technical knowledge among researchers, and high cost of spatial light modulators are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Spatial Light Modulator Market Report Scope

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