A SLM (Spatial Light Modulator) is a reflective or transmissive device that is primarily used for spatially modulating the phase, polarization or amplitude of a light wave in two dimensions. The mechanism of modulation refers to an intermediate step between addressing a spatial light modulator with an input signal and altering the beam of incident light. The working principle of a spatial light modulator is majorly based on the uses of either microelectromechanical system (MEMS) or an LCD (Liquid Crystal Display) technology. The utilization of liquid crystal (LC) materials in a spatial light modulator is dependent on their electrical and optical anisotropy. The spatial light modulator market is anticipated to witness a robust growth during the forecast period owing to rapid adoption of advanced technology such as utilization of projectors and hologram in education sectors across the globe.
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For the purpose of providing a comprehensive and precise analysis of the market, the spatial light modulator market has been segmented based on application, resolution, type and geography. Based on the type of input signals that is majorly used to control the optical property of a spatial light modulator, the market has been classified into optically addressed SLM and electrically addressed SLM. Again, on the basis of resolution, the spatial light modulator market has been bifurcated into less than or equal to 1024*768 pixel resolution and more than 1024*768 pixel resolution. On the other hand, spatial light modulator also finds its application in optical correlator, beam shaping, holographic data storage, projection system and optical crossbar switch among others. In addition, detailed market analysis regarding current market condition along with future trend of all the above mentioned application, resolution and type of spatial light modulator across different regions including North America, Asia Pacific, Europe, Middle-East and Africa (MEA) and Latin America is also provided in this report.
Rapid technological advancements taking place in the field of information and communication technology in order to achieve higher bandwidth is the most important factor anticipated to trigger the market growth of spatial light modulator during the forecast period from 2017 to 2025. Increasing demand for higher bandwidth and long distance data transmission is the primary factor anticipated to trigger the need of dynamic channel equalization with minimal loss of signal power in order to provide total wavelength flexibility at every network node. The rising adoption of holographic displays across different industries is also expected to drive the demand of the spatial light modulator in the near future.
However, in spite of so many factors driving the market, lack of awareness coupled with complex usage is one of the most important restraining factor anticipated to restrain the market growth of spatial light modulator during the forecast period.
Based on resolution type, the spatial light modulator having less than or equal to 1024*768 pixel resolution held the largest market share in 2016. On the other hand, spatial light modulator having more than 1024*768 pixel resolution is anticipated to hold dominating market share by 2025. Launching of higher resolution pixel spatial light modulator by various major players is the most important factor behind this segment’s growth.
Again, among the different applications in which spatial light modulator are used, beam shaping application is anticipated to drive the market of spatial light modulator throughout the forecast period from 2017 to 2025. Rapid utilization of beam shaping techniques across various industrial sectors is the most important factor behind this segment’s dominance.
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Geographically, Asia Pacific region generated the highest revenue in the spatial light modulator market across different regions in 2016 and is predicted to witness the most promising growth in the coming years. The market of Asia Pacific region is majorly driven by the Japan, South Korea and China owing to wide concentration of spatial light modulator manufacturers coupled with rising demand for various beam shaping and projection applications.
Some of the major players operating in the spatial light modulator market includes Hamamatsu Photonics K.K. (Japan), Texas Instruments (U.S.), HoloEye Photonics AG (Germany) and Santec Corporation (Japan) among others.