Reports and Data estimates the global LiNbO3 Crystal competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global LiNbO3 Crystal (HPS) during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Epcos (now TDK Electronics AG), Sumitomo Metal Mining Co. Ltd., Korth Kristalle GmbH, EKSMA Optics, Hilger Crystals, Laser Components GmbH, Altechna, Red Optronics, Wavelength Opto-Electronic, United Crystals, AZURE Photonics, LambdaOptics Co., and Ultra Photonics.

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LiNbO3 Crystal (HPS) Overview :-

The global LiNbO3 crystal market size was significantly robust in 2020 and is expected to register a rapidly inclining revenue CAGR over the forecast period. Market revenue growth is primarily attributed to increasing use of LiNbO3 in mobile phones, optical waveguides and Surface Acoustic Wave (SAW) devices, rapid penetration of smartphones and other smart devices and gadgets, and expanding global telecommunications industry. Increasing scope of high-power laser applications of MgO-doped lithium niobate as well as non-linear optical applications of LiNbO3 due to its electro-optic coefficients and broad transmission range are other factors expected to support revenue growth of the market over the forecast period. Furthermore, surging demand for LiNbO3 in the electrical and electronics industry due to advantages such as zero residual birefringence and low half-wave voltage is further expected to create high potential growth opportunities for players in the market.

Lithium niobate – known by the chemical formula of LiNbO3 – is a salt made up of lithium, niobium and oxygen, and is characterized by excellent ferroelectric, piezoelectric, electro-optic, and non-linear properties. The single crystals LiNbO3, which is commonly grown using the Czochralski process, are among the most vital materials used in in mobile phone components, optical modulators, piezoelectric sensors, and optical spatial low-pass filters. Lithium niobate is a colorless solid substance that is insoluble in water and can also be combined with dopants such as magnesium oxide (MgO) to boost its resistance to photorefractive damage.

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For the purpose of this report Reports and Data has segmented global LiNbO3 Crystal (HPS) market on the basis of type, application, and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Acoustic Grade
• Optical Grade

Application Outlook (Revenue, USD Billion; 2018-2028)

• Surface Acoustic Wave (SAW) Devices
• Piezoelectric Sensors
• Optical Modulators
• Electro-optical Applications
• Non-linear Optical Applications
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the LiNbO3 Crystal (HPS) during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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