COVID-19 Impact Review: What to Expect from Lithium Niobate Modulator Industry in 2020?

Post COVID-19 Impact on Lithium Niobate Modulator Market - 

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues. Research Dive' group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts. 

Our study helps to acquire the following:

• Long-term and short-term impact of Covid-19 on the market

• Cascading impact of Covid-19 on Lithium Niobate Modulator Market, due to the impact on its extended ecosystem

• Understanding the market behavior Pre- and Post-COVID-19 pandemic

• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity

• We’ll help you fight this crisis through our business intelligence solutions.

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Pre COVID-19 Analysis of Lithium Niobate Modulator Market -

The global lithium niobate modulator market forecast will be $36.711 Billion by 2026, at a 24.0% CAGR, increasing from $6.568 Billion in 2018, according to a new report published by Research Dive.

Lithium niobate modulator market driver: The global lithium niobate modulator market is majorly driven by the IT & Telecom sector, owing to extensive use of these modulators in the telecommunication and digital communication services. In defense & aerospace sector, lithium niobate modulators are used for wireless communication devices, satellite communication and radar detection system. In radar detection system, these modulators are used in detection of unknown ships and aircrafts. The price of the lithium niobate modulator devices is retaining the global lithium niobate modulator market growth, owing to high price the clients are shifting to the alternative modulators. Technical improvements and implementation of 5G network technology in the telecommunication sector are further projected to be key investment opportunities in the lithium niobate modulator market.

The global lithium niobate modulator market is classified into wavelength window, type, application and end use. By type, 20 GHz segment is accounted the highest market size and is anticipated to register for $12,605.1 million and at a growth rate of 23.8% over forecast timeframe, owing to the 20 GHz frequency modulators use in microwave devices, radio and TV broadcasting services. The market for 10 GHz is expected noteworthy growth rate of 25.4% and estimated to account for $11,215.2 million during forecast period.

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Based on wavelength window, 1550 NM modulator held the highest market share in 2018 and registered for $2,721.6 million and is anticipated to register for $14,854.6 million by 2026, at a 23.6% CAGR, owing to the use of 1550 NM wavelength modulator in the digital communication devices and both Infrared absorbance and Rayleigh scattering are falling in the 1500-1650 NM wavelength range. Besides 1550 NM modulator, the market for 1060 NM will experience substantial growth and is estimated to reach $4,920.2 million and at a 25.4% CAGR over forecast timeframe.

Based on end use, the lithium niobate modulator market for IT & Telecom sector is registered key market size and projected to generate $14,070.8 million by the end of 2026, and at a 25.1% CAGR, owing to increase in the consumption of these modulators in the digital communication and cable & TV broadcasting services. The aerospace & defense sector is projected to account for $9,100.4 million and at a CAGR of 23.8%, owing to the extensive use of lithium niobate modulators for military communication and radio frequency (RF) security.

Fujitsu Optical Components Ltd, Lumentum Operations LLC, Integrated Optoelectronic Inc., Gooch & House plc, EOSPACE Inc., THORLABS, Beijing Panwoo Fabrinet Inc., and iXblue Group are some of the major participants in the global market. These participants are continuously increasing their efforts on R&D activities, mergers & acquisitions and new products launches in order to increase their lithium niobate modulator market size in the global market. For example, in December 2019, Fujitsu Optical Components Ltd launched new product “PRIMERGY RX2530 M4p” for 5G communication in JAPAN. This model has features such as high-speed virtual switch optimized for 5G communications.