According to a new market research report, now available on ASDReports, “Fiber Optic Beam Expander Market by Design (Galilean, Keplerian), Device (Optical Communication, Measurement, Laser Systems, Remote Sensing), Application (Defense, Instrumentation, Industrial, Commercial), & Geography - Global Forecast to 2020", the total fiber optic beam expander market is expected to reach up to $1.29 billion by 2020, at an estimated CAGR of about 9% from 2014 to 2020.
The recent improvement in the economic environment after the economic downturn is favorable for the development of new business models, products, and services for the fiber optic beam expander market. Moreover, companies in the marketplace have started working toward formulating strategies, including the technology development, commercialization, and standardization strategies, for the overall expansion and strengthening of their businesses. Recently, the photovoltaic energy field has been leading the growth of the optoelectronics field and rising rapidly since 2008. This has particularly opened new opportunities for the fiber optic beam expander manufacturers in the areas of optical communication and laser material processing.
The report segments the fiber optic beam expander market on the basis of the different types of designs, devices, applications, and geographies. Furthermore, it forecasts the market size and analyzes the trends in the market. The geographic analysis contains the in-depth analysis of the markets in the Americas, Europe, APAC, and RoW.
The companies currently involved in the fiber optic beam expander market are Diamond SA (Switzerland), Thor Labs, Inc. (U.S.), Qioptiq (Luxembourg), Edmond Optics, Inc. (U.S.), Micro Laser Systems, Inc. (U.S.), Lumetrics, Inc. (U.S.), Sill Optics GmbH (Germany), Jenoptik AG (Germany), Optolita UAB (Lithuania), Special Optics (U.S.), American Laser Enterprises LLC (U.S.), and Sintec Optronics Technology Pte Ltd. (Singapore).