Lithium niobate, or LiNbO3, is a lithium, niobium, and oxygen salt with exceptional ferroelectric, piezoelectric, electro-optic, and non-linear characteristics. Single crystals of LiNbO3 are among the most important materials used in optical modulators, mobile phone components, optical spatial low-pass filters and piezoelectric sensors are usually manufactured using the Czochralski technique. Lithium niobate is a white solid that is insoluble in water and can be mixed with dopants like magnesium oxide (MgO) to improve its photorefractive resistance.
The size of the global market for LiNbO3 Crystal is expected to reach $6,542.6 million by 2030, expanding at a compound annual growth rate (CAGR) of 6.74.%.
Covid-19 Impact & Market Status:
Several industries' operations have been temporarily halted or are running with fewer personnel as a result of enforced lockdowns and imposed limits by several regulatory agencies in the aftermath of the recent COVID-19 outbreak. This is no exception in the global LiNbO3 Crystal market, where this factor is predicted to have a significant negative influence on revenue growth. Furthermore, the high costs of maintenance and installation of these machines may hinder the worldwide LiNbO3 Crystal market's revenue growth during the period of 2022-2029.
In terms of revenue share, the LiNbO3 crystals market in North America was the biggest market in 2020. A thriving telecommunications sector, rising demand for more modern electrical and electronic devices, rapid infrastructure development in the region's countries and rising acceptance of big data and the Internet of Things (IoT), are all contributing to the North American market's revenue growth.
Over the projected years, the Surface Acoustic Wave (SAW) devices sector is expected to account for the biggest revenue share. The widespread use of SAW devices in the telecommunications industry is one of the primary factors driving this segment's revenue growth. These components are used as filters in voice and data communication equipment to eliminate noise and interference.
Between 2022 and 2029, the global LiNbO3 Crystal market is predicted to increase at a CAGR of 2.45 percent, from 135.30 million USD in 2019 to 171 million USD by the end of 2029.
The rising use of LiNbO3 in optical waveguides, mobile phones and Surface Acoustic Wave (SAW) devices, as well as the rapid adoption of smartphones and other gadgets and smart devices and are all contributing to market revenue growth. Non-linear optical uses of LiNbO3 due to its broad transmission range and electro-optic coefficients, as well as the rising spectrum of high-power laser applications, are expected to fuel market expansion between 2022 and 2029. Furthermore, due to benefits such as low half-wave voltage, zero residual birefringence and rising demand for LiNbO3 in the electronics industry is predicted to provide high potential growth possibilities for market players.
The rising demand for lithium niobate in multiple industries such as telecommunication and electronics is likely to propel the global LiNbO3 market. Lithium niobate crystals are in high demand due to their widespread use in optical modulators, cell phones, surface acoustic wave devices and piezoelectric sensors, Nonlinear optics, optical parametric oscillators, laser frequency doubling, Pockels cells, acousto-optic devices and Q-switching devices are some of LiNbO3's other notable applications.
In the near future, several limitations associated with SAW filters are projected to stifle the global LiNbO3 crystal market's growth. These filters have a number of disadvantages, including the fact that they cannot be employed for frequencies beyond 2.5 GHz and have lower RF power levels than Bulk Acoustic Wave (BAW) filters.
Major Developments in LiNbO3 Crystal Market:
Fujitsu Optical Components Limited sold one million units of coherent lithium-niobate modulators worldwide in February 2021. Because of their unwavering durability and remarkable quality these modulators are frequently used in global optical networks. FOC is a global leader in sophisticated optical component solutions and provides next-generation optical networks for metro, core, and data centres.
The world's tiniest electro-optical modulator was produced by a group of electrical engineers from the University of Rochester in August 2020. The novel modulator device, according to reports, is based on a thin layer of lithium niobate and can be employed in qua and datacoms phototonics
LiNbO3 Crystal Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 171 million|
|Growth Rate||CAGR of 2.45 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Epcos (now TDK Electronics AG), Korth Kristalle GmbH, EKSMA Optics, Laser Components GmbH, Altechna, United Crystals, AZURE Photonics, LambdaOptics Co., Ultra Photonics, Sumitomo Metal Mining Co. Ltd., Hilger Crystals & among others.|
Key Segments of LiNbO3 Crystal Market
- By Type
- Acoustic Grade
- Optical Grade
- By Application
- Surface Acoustic wave Devices
- Piezoelectric Sensor
- Optical Modulators
- By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa