Lithium Tantalate Wafers Market Size Worth USD 2.92 Billion By 2025 | CAGR: 10.9%
Published Date : 27/ 03 / 2019 | Report Format: PDF
The global lithium tantalate wafers market is expected to grow at growth rate of 10.9% to reach USD 2.92 billion by 2025.
Lithium tantalate wafer, (LiTaO3) is a ferroelectric crystal which contains optical, pyroelectric, and piezoelectric properties. The product ha applications in various industries, most common being transducers, surface acoustic wave devices, piezoelectric sensors, resonators and decoders in laser systems. This specific material is known to have the ability to modify, and control light through refraction due to the changes in the electric field. As per the International Nuclear Information System (INIS), functional ferroelectric materials such as lithium tantalate holds strong promise to have bioactive behaviour in tissue growth owing to its high bioactivity characteristics. This product is therefore increasingly used in tissue development segment, both ex situ and in situ conservation. Furthermore, the key highlight of the material is its ability to exhibit high optical damage threshold and a wide range of transparency besides the high mechanical and chemical strength. Thus, making it the material of choice for non-linear elements, encoders in parametric light generators.
- Laser, electronic and others are some of the application area of lithium tantalate wafers. Electronic application capture significant revenue shares of the global market. This material finds application in laptops, mobile phones, or similar touch screen devices in the SAW technology.
- The North America accounted for the largest revenue share owing to the strong progress of consumer electronics, laser, healthcare and telecommunication sector.
- Whereas, Asia Pacific region is expected to grow with promising growth rate. Steep increase in demand for optoelectronic components (i.e. laser diode, sensors, and LED) in the region support the industry growth.
- Key players such as CASTECH, Inc., American Elements, Oxide Corporation, Sumitomo Metal Mining, Koike Co., Korth Kristalle GmbH, Crystalwise Technology, Inc., Shanghai Dongcheng Electronic Material, United Crystal, DayOptics, and Kaijing Optics are profiled based on attributes such as company overview, financial highlight, and key developments.
KEY BENEFITS OF THE REPORT:
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
We strive to become one of the trusted partner of our client by offering value added services and concrete research data.
From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.
Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.
Data Accuracy and Reliability
We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.
We offer most competitive pricing policy across the research industry
Why Choose Us
We devise research report with quality data:
Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.
We work with businesses just like yours:
AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience something similar.