Market Overview:
The global optical engine market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for advanced imaging equipment and medical care applications, and the growing adoption of LED-based optical engines. The DLP (Digital Light Processing) segment is expected to hold the largest share of the global optical engine market in 2018, owing to its high demand from aerospace and automobile applications. However, the LCOS (Liquid Crystal on Silicon) segment is projected to grow at a higher CAGR during the forecast period, due to its growing demand from medical care applications. In terms of region, North America is expected to hold the largest share of the global optical engine market in 2018, followed by Europe and Asia Pacific.
Product Definition:
An optical engine is the heart of an optical disc drive. It is a small, high-speed motor that spins the disc and focuses the laser beam onto its surface.
DLP:
Digital Light Processing (DLP) is an enhancement of the traditional imaging techniques. It offers improved color fidelity, high optical resolution and low light sensitivity in a cost-effective manner. The technology has been around for more than two decades but its commercialization dates back to 2007 when Epson launched its first DLP based camera, Finecam 531Z. Since then the market has witnessed tremendous growth with continuous product launches from various manufacturers such as Sony Corporation, Samsung Electronics Co., Ltd.
LCOS:
LCOS (Liquid Crystal on Silicon) is a technology that was developed for manufacturing large-size optical components such as lenses, waveguides and lasers. LCOS has the advantage of being able to manufacture high-quality optics at low cost which makes it suitable for mass production. The technology is used in various applications such as communication systems, cameras and display devices among others.
The Optical Engine market includes products such as smartphones, tablets and laptops among others.
Application Insights:
The automotive segment dominated the global market with a share of over 30.0% in terms of revenue in 2017. The growing need for advanced driver-assistance systems (ADAS) and smart cameras is expected to drive the demand for optical engines over the forecast period. ADAS is one of the key areas where OE manufacturers are focusing on to enhance their product offerings, as they offer high performance, efficiency and cost reduction at low volume.
The aerospace application segment was valued over USD 1 billion in 2017 owing to rising adoption of advanced optical technologies by major aircraft manufacturers such as Airbus SE and Boeing Co., Ltd., among others across various applications such as landing gear systems, cabin interiors lighting, inflight entertainment systems/TV sets along with other niche segments including space exploration equipment and defense aircrafts targeting commercial aviation markets worldwide.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid developments in various sectors, such as aerospace & defense, automotive, electronics & IT, medical care. These developments have led to an increase in demand for high-performance optical engines across these industries. Moreover, rising investments by countries like China and Japan are anticipated to boost the growth of this regional market over the forecast period.
Europe also held a significant share of global revenue owing to large-scale production facilities established by prominent players across Germany and France regions.
In addition there were several mergers.
Growth Factors:
- Increasing demand for smart devices and portable gadgets
- Rising demand for miniaturized and high-performance optical engines
- Proliferation of next-generation displays, such as OLEDs and QLEDs
- Growing adoption of augmented reality (AR) and virtual reality (VR) applications
- Emergence of new market segments, such as automotive lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Engine Market Research Report
By Type
DLP, LCOS, LED, Others
By Application
Aerospace, Automobile, Medical Care, Advanced Imaging Equipment, Others
By Companies
Texas Instruments, II-VI Incorporated, ViewSonic, Optecks, Optical Engines, AAXA Technologies Inc, Technotech Solutions, SICUBE PHOTONICS CO., ONGINE, Nanyang Lida Optic-electronics Co., Light Engine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Optical Engine Market Report Segments:
The global Optical Engine market is segmented on the basis of:
Types
DLP, LCOS, LED, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automobile, Medical Care, Advanced Imaging Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- II-VI Incorporated
- ViewSonic
- Optecks
- Optical Engines
- AAXA Technologies Inc
- Technotech Solutions
- SICUBE PHOTONICS CO.
- ONGINE
- Nanyang Lida Optic-electronics Co.
- Light Engine
Highlights of The Optical Engine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DLP
- LCOS
- LED
- Others
- By Application:
- Aerospace
- Automobile
- Medical Care
- Advanced Imaging Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Engine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An optical engine is a device that uses light to create an image. Optical engines can be found in cameras, printers, and other devices.
Some of the major companies in the optical engine market are Texas Instruments, II-VI Incorporated, ViewSonic, Optecks, Optical Engines, AAXA Technologies Inc, Technotech Solutions, SICUBE PHOTONICS CO., ONGINE, Nanyang Lida Optic-electronics Co., Light Engine.
The optical engine market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Engine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Optical Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Engine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Optical Engine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Optical Engine Market Size & Forecast, 2020-2028
4.5.1 Optical Engine Market Size and Y-o-Y Growth
4.5.2 Optical Engine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 DLP
5.2.2 LCOS
5.2.3 LED
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Automobile
6.2.3 Medical Care
6.2.4 Advanced Imaging Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Engine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Engine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 DLP
9.6.2 LCOS
9.6.3 LED
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Automobile
9.10.3 Medical Care
9.10.4 Advanced Imaging Equipment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 DLP
10.6.2 LCOS
10.6.3 LED
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Automobile
10.10.3 Medical Care
10.10.4 Advanced Imaging Equipment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 DLP
11.6.2 LCOS
11.6.3 LED
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Automobile
11.10.3 Medical Care
11.10.4 Advanced Imaging Equipment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 DLP
12.6.2 LCOS
12.6.3 LED
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Automobile
12.10.3 Medical Care
12.10.4 Advanced Imaging Equipment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 DLP
13.6.2 LCOS
13.6.3 LED
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Automobile
13.10.3 Medical Care
13.10.4 Advanced Imaging Equipment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Engine Market: Competitive Dashboard
14.2 Global Optical Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 II-VI Incorporated
14.3.3 ViewSonic
14.3.4 Optecks
14.3.5 Optical Engines
14.3.6 AAXA Technologies Inc
14.3.7 Technotech Solutions
14.3.8 SICUBE PHOTONICS CO.
14.3.9 ONGINE
14.3.10 Nanyang Lida Optic-electronics Co.
14.3.11 Light Engine
