Top Diffractive Optical Elements Companies Size Reshape the Market Through Innovation and Strategic Acquisitions
It is anticipated that the Top Diffractive Optical Elements Companies Size for diffractive optical elements Industry size will grow at a compound annual growth rate (CAGR) of 4.15% to reach around USD 892.93 million by 2030.
The market for diffractive optical elements (DOEs) is dominated by major players like Jenoptik, a pioneer in photonics and optical systems that provides precise DOEs for industrial and medical applications. For high-performance solutions in a variety of industries, Coherent Corp. specializes in laser-based DOEs. HOLO/OR Ltd targets cutting-edge laser systems with its creative beam-shaping DOEs. With a focus on research and development, Light Trans GmbH offers optical components that can be customized. Spatial light modulators and DOEs are areas in which HOLOEYE Photonics AG excels, catering to image and projection applications. Together, these businesses use cutting-edge technology and customized solutions to spur innovation and competition.
Diffractive Optical Elements (DOE) Market Growth and SegmentationThe diffractive optical elements market is booming as new optical technologies emerge and demand grows across a wide range of sectors. The market size was estimated at USD 683.49 million in 2023 and is projected to reach ~USD 892.93 million by the year 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.15% during the forecast period.
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5 Companies with the Biggest Market Share
The DOE market is dominated by a few such companies that have gained significant market presence through innovation, acquisition, and an abundance of applications. These are some of the top 5 companies leading the market:
Jenoptik AG (Germany) — A leading provider of high-performance optical components, Jenoptik caters to various industries, including medical technologies, semiconductor equipment, automotive, and industrial automation. Revenue reached USD 1.1 billion in 2023, up 8.7% on 2022.
Coherent Corp. (US): Previously known as the world leader in engineered materials and optoelectronic components under the II-VI Incorporated name, Coherent Corp. is known for its work with DOEs. The company serves markets that include defense, telecommunications, and industrial automation, with a focus on disciplined innovation through strategic research and development.
The company is focused on cutting-edge laser systems and beam-shaping diffractive optical elements (DOEs).HOLO/OR Ltd. (Israel)HOLO/OR is an expert in cost-effective beam-shaping DOEs. By leveraging deep technology insights, the company's products form an integral part of laser performance across diverse applications.
LightTrans GmbH (Germany): Specializing in custom optics, the company focuses heavily on R&D to address a wide range of optical needs.
HOLOEYE Photonics AG (Germany) — A company focused on spatial light modulators and diffractive optical elements (DOEs), HOLOEYE caters to imaging and projection purposes with innovative findings in display tech.
Latest News of Mergers and Acquisitions
Mergers and acquisitions have been strategic in the DOE market to obtain technology and customer base. Key transactions include:
Jenoptik AG Acquires TRIOPTICS GmbH Read More: In an acquisition aimed at expanding its optical metrology capabilities, Jenoptik AG announced the acquisition of TRIOPTICS GmbH. This acquisition enables Jenoptik to combine those advanced testing capabilities with its existing DOE solutions, resulting in improved quality and performance of products.
TecInvest Holding AG Becomes 25% Stakeholder in HOLO/OR Ltd. This investment adds expertise in diffractive optical elements, giving SCANLAB the ability to develop unique micro-optical components—cone or drinking straw beam shapers or even others—to be integrated into its scan solutions and extend application fields.
Market News in Recent Time
The DOE market is maturing, with a pipeline of innovation and product development:
Holographic AR Display Market, by Type (Head-Mounted Displays, Handheld Displays, and Others) GraphicsProcessingUnits (GPUs) Sub-System, Data Storage, Rezzenera HolographicAugmented RealityDisplayMarketrevenuewasestimatedat ~USDUSD 293.58 million in 2023 and is expected to grow at a CAGR of 31.3% from 2024 to 2030, reaching an approximate market size of USD 1.98 billion. These displays leverage DOEs to improve lightweight visual experiences, particularly in automotive applications that enhance driver comfort and safety.
Expansion of Semiconductor Lasers Market: As the Semiconductor Lasers Market that exploits DOEs, valued at USD 8.01 billion by 2023, is expected to hit around USD 14.71 billion by 2030, with a CAGR of 9%Introduction for commercial planningLaser concepts are constantly evolving through research with the free nature of a laser beam. DOEs play a significant role in semiconductor lasers to improve the quality and precision of the laser beam, which ultimately leads to their increasing usage in a wide array of applications.
New Funding and Investments
Investment in the DOE market illustrates the opportunity for growth in the industry:
Kwangsik, the project in focus was Kwangsik's Series B funding: Kwangsik (Image credit: Lumotive) Lumotive is a developer of optical chips to support three-dimensional (3D) sensing features. The effort was led by Gates Frontier and MetaVC Partners, and included investors such as Swisscom Ventures and Eden Technology. Other optical LIDAR options — such as Lumotive's technology — could provide performance and cost advantages relative to traditional mechanical LIDAR systems, suggesting strong market demand to experiment with new optical solutions.
Significant implication on the investment opportunities in DOE Market: There are various investment opportunities in DOE Market which can range from funding research and development activities to emerging markets and strategic partnerships. Investors looking to capitalize on growth in the market can also find potential in recent trends like new launches and mergers and acquisitions.
Conclusion
Newspapers are known to develop a particular room solving space that suits a certain kind of publication and reader. Players are using mergers, acquisitions, and investments to strengthen their market presence and achieve a strategic advantage. As the market grows, sustained innovation and strategic collaborations will play an important role in defining the future of the DOE market
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