Market Overview:
The global optical shutters market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for optical shutters in various applications such as military, industrial, safety system, scientific research and others. In addition, the growing demand for vibration-free and super-low vibration optical shutters is also contributing to the growth of this market. However, factors such as high cost and limited availability of raw materials are restraining the growth of this market.
Product Definition:
An optical shutter is a device that opens and closes very quickly to interrupt the passage of light. They are used in various applications including photography, cinematography, and scientific instruments.
Vibration-free Optical Shutter:
The vibration-free optical shutters are used in the camera to eliminate image jump and shake caused by hand or external vibrations. The technology is an offshoot of electronic shutters, which use electrical signals to move individual lenses as a curtain. Vibration-free optical shutters operate without any moving parts, unlike electronic ones; hence they are less vulnerable to damage from magnetic fields or electrostatic discharge (ESD).
Super-low Vibration Optical Shutter:
The super-low vibration optical shutters are used in the mechanical and electrical systems to reduce the vibrations to a very low level. The main function of these optical shutters is to provide an extremely long life span of operation with high accuracy, reliability, and stability. These products are widely used in various applications such as space exploration, satellite communications & navigation system, microscopy research institutes etc.
Application Insights:
The application segment is segregated into military, industrial, safety system, scientific research and others. The military application segment held the largest share of over 30% in 2017. Growing defense expenditure across the globe has resulted in an increased requirement for surveillance systems and advanced optical technologies such as imaging, laser projection and tracking devices which are used for target identification and tracking purposes. This factor is anticipated to fuel demand over the forecast period.
The industrial application segment accounted for a significant market share in 2017 owing to growing product adoption by major players such as Eastman Chemical Company; however, this industry vertical is expected to lose some market share during the forecast period due to increasing adoption of energy-efficient products with government support towards implementation of eco-friendly solutions at corporate level within large manufacturing companies worldwide.
Regional Analysis:
The North American regional market dominated the global industry in terms of revenue share in 2016. The growth can be attributed to the presence of major optical shutter manufacturers such as Maxim Integrated Products Inc.; Silixa Ltd; and Kistler Instrumente AG. These companies are actively involved in product innovation, research, and development activities to introduce advanced products that meet the growing demand from end-users across various applications.
Asia Pacific is expected to emerge as a lucrative region for shutters over the forecast period owing to rapid industrialization coupled with stringent government regulations regarding workplace safety standards.
Europe is anticipated to witness steady growth over the next eight years on account of increasing military spending by countries such as Russia and France among other Eastern European countries which have a strong tradition of building fortresses.
Growth Factors:
- Increasing demand for optical shutters in the medical industry for controlling light exposure during surgeries.
- Growing demand from the consumer electronics sector for shutter glasses used in 3D movies and gaming applications.
- Increasing use of optical shutters in scientific research laboratories to control the timing and intensity of light beams used in experiments.
- Rising adoption of optical shutters in automotive headlamps to improve safety by reducing glare from oncoming traffic at night time driving conditions .
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Shutters Market Research Report
By Type
Vibration-free Optical Shutter, Super-low Vibration Optical Shutter, Standard Optical Shutter
By Application
Military, Industrial, Safety System, Scientific Research, Others
By Companies
Edmund Optics, Thorlabs, Vincent Associates, Newport, KENDRION, ELECTRO-OPTICAL PRODUCTS CORP., TAKANO, LC-Tec Displays AB, EBAD, AP Technologies, Preciseley Microtechnology Corporation, Meadowlark, Sutter Instrument Company, SRS, PICARD INDUSTRIES, SIGMAKOKI
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Optical Shutters Market Report Segments:
The global Optical Shutters market is segmented on the basis of:
Types
Vibration-free Optical Shutter, Super-low Vibration Optical Shutter, Standard Optical Shutter
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
Military, Industrial, Safety System, Scientific Research, 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:
- Edmund Optics
- Thorlabs
- Vincent Associates
- Newport
- KENDRION
- ELECTRO-OPTICAL PRODUCTS CORP.
- TAKANO
- LC-Tec Displays AB
- EBAD
- AP Technologies
- Preciseley Microtechnology Corporation
- Meadowlark
- Sutter Instrument Company
- SRS
- PICARD INDUSTRIES
- SIGMAKOKI
Highlights of The Optical Shutters 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:
- Vibration-free Optical Shutter
- Super-low Vibration Optical Shutter
- Standard Optical Shutter
- By Application:
- Military
- Industrial
- Safety System
- Scientific Research
- 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 Shutters 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.
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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?
Optical shutters are a type of shutter that uses an image sensor to detect light and control the amount of light that enters into a camera. This allows you to take photos in low-light conditions without having to use flash.
Some of the key players operating in the optical shutters market are Edmund Optics, Thorlabs, Vincent Associates, Newport, KENDRION, ELECTRO-OPTICAL PRODUCTS CORP., TAKANO, LC-Tec Displays AB, EBAD, AP Technologies, Preciseley Microtechnology Corporation, Meadowlark, Sutter Instrument Company, SRS, PICARD INDUSTRIES, SIGMAKOKI.
The optical shutters market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Shutters 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 Shutters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Shutters 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 Shutters 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 Shutters Market Size & Forecast, 2020-2028
4.5.1 Optical Shutters Market Size and Y-o-Y Growth
4.5.2 Optical Shutters 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 Vibration-free Optical Shutter
5.2.2 Super-low Vibration Optical Shutter
5.2.3 Standard Optical Shutter
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 Military
6.2.2 Industrial
6.2.3 Safety System
6.2.4 Scientific Research
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Shutters 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 Shutters 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 Vibration-free Optical Shutter
9.6.2 Super-low Vibration Optical Shutter
9.6.3 Standard Optical Shutter
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 Military
9.10.2 Industrial
9.10.3 Safety System
9.10.4 Scientific Research
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 Vibration-free Optical Shutter
10.6.2 Super-low Vibration Optical Shutter
10.6.3 Standard Optical Shutter
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 Military
10.10.2 Industrial
10.10.3 Safety System
10.10.4 Scientific Research
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 Vibration-free Optical Shutter
11.6.2 Super-low Vibration Optical Shutter
11.6.3 Standard Optical Shutter
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 Military
11.10.2 Industrial
11.10.3 Safety System
11.10.4 Scientific Research
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 Vibration-free Optical Shutter
12.6.2 Super-low Vibration Optical Shutter
12.6.3 Standard Optical Shutter
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 Military
12.10.2 Industrial
12.10.3 Safety System
12.10.4 Scientific Research
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 Vibration-free Optical Shutter
13.6.2 Super-low Vibration Optical Shutter
13.6.3 Standard Optical Shutter
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 Military
13.10.2 Industrial
13.10.3 Safety System
13.10.4 Scientific Research
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 Shutters Market: Competitive Dashboard
14.2 Global Optical Shutters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edmund Optics
14.3.2 Thorlabs
14.3.3 Vincent Associates
14.3.4 Newport
14.3.5 KENDRION
14.3.6 ELECTRO-OPTICAL PRODUCTS CORP.
14.3.7 TAKANO
14.3.8 LC-Tec Displays AB
14.3.9 EBAD
14.3.10 AP Technologies
14.3.11 Preciseley Microtechnology Corporation
14.3.12 Meadowlark
14.3.13 Sutter Instrument Company
14.3.14 SRS
14.3.15 PICARD INDUSTRIES
14.3.16 SIGMAKOKI
