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Intelligent Transportation System Market is Booming Worldwide Scrutinized in New Research

  Market Overview   Market Research Future (MRFR) reveals multiple causes that are likely to support the Intelligent Transportation System Market 2021 in the years to come. The expansion of intelligent transportation system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By 2030, the intelligent transportation system market is expected to garner USD 42.67 Bn. A comprehensive analysis for intelligent transportation system market dynamics in COVID 19 is elaborated in the report. The gradual adoption of intelligent transportation system across the information and communications technology sector can prompt the expansion of the Intelligent Transportation System (ITS) Market in the years to come.  The rise in number of cars and other types of transportation has triggered the need for advanced commute solutions. The increase in the need for effective traffic management by increasing value of time can contribute to the ITS market rise. The introduction of ...
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Spatial Light Modulator Market Growth Potential, Analysis and Business Distribution | COVID-19 Effects

 Market Highlights

The global spatial light modulator market size is set to scale in size owing to rising applications in automotive, gaming, advertisements, and entertainment sectors. Market Research Future (MRFR)’s latest study reveals that the market is predicted to expand at a 13.8% CAGR during the forecast period (2018–2023). The worldwide demand for spatial light modulators (SLMs) across education and automotive sectors is anticipated to spur market demand during the forecast period.

Advances in displays and availability of liquid crystal materials for mass production of SLMs are anticipated to accelerate the market growth. New projectors in schools which are based on electrically addressed SLM (EASLM) and optically addressed SLM (OASLM) can open up new avenues for the market.

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Segmentation:

MRFR’s report offers a detailed segmental analysis of the market based on type, application, industry, and region. By type, the market has been segmented into electrically addressed SLM, optically addressed SLM, and others. In 2016, the electrically addressed SLM segment accounted for a large market share in 2016. It is expected to experience a comfortable growth rate till 2023.The OASLM segment is estimated to showcase a high growth rate throughout the forecast period due to high sales of VR hardware and devices.

Major market applications include optical, display, holography, pulse shaping, laser beam, and others. The holography segment had a valuation of USD 62 million in 2016 and is expected to grow significantly during the forecast period. By industry, the market has been segmented into education, aerospace & defense, education & research, automotive and transportation, and others. Among these, the automotive and transportation segment is expected to dominate throughout the assessment period due to emergence of interactive dashboards and windows.  

Competitive Landscape:

Some of the key players profiled in the report include Laser 2000 Ltd. (U.K), Jenoptik AG (Germany), Thorlabs, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Santec Corporation (Japan), PerkinElmer Inc. (U.S.), Kopin Corporation (U.S.), Meadowlark Optics Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Holoeye Photonics AG (Germany), and others. Partnerships with regional vendors, collaborations, and launch of new products are strategies employed by these players to gain an edge over the competition.  

Regional Analysis:

The spatial light modulator market, on the basis of region, is segmented into the North America, Europe, Asia Pacific and the Rest-of-the-World (RoW). The Asia Pacific market is anticipated to exhibit a robust growth rate over the forecast period owing to thriving automotive and education sectors across India, Japan, and China. Rising demand by industry stalwarts in regards to precision is expected to bolster demand for spatial light modulators. The Europe and North America markets possess immense growth potential on account of adopting latest technologies and demand from consumers. For instance, Jenoptik AG, an industry leader, has launched liquid crystal SLMs to modulate continuous wave (CW) laser light. The laser emitted from CW lights can be used to fabricate semiconductor chips and manufacture tiny components.

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About Market Research Future:

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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