Global LiNbO3 Crystal market is expected to reach 145.53 million USD by the end of 2022

Global LiNbO3 Crystal market is expected to reach 145.53 million USD by the end of 2022 www.qyresearch.com

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• Lithium niobate (LiNbO3) is a compound of niobium, lithium, and oxygen.

Its single crystals are an important material for optical waveguides, Electro-Opticals, piezoelectric sensors, optical modulators and various other linear and non-linear optical applications. • The global revenue of LiNbO3 Crystal market was valued at 124.48 M USD in 2016 and is expected to reach USD 145.53 M USD in 2022. In the future five years, we predict the CAGR of global revenue is 2.26%.

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QYResearch • Japan has the largest global export quantity and manufacturers in LiNbO3 Crystal market, while the Europe is the second sales volume market for LiNbO3 Crystal in 2016.

• In the industry, Epcos profits most in 2016 and recent years, while Sumitomo Metal Mining and Korth Kristalle ranked 2 and 3.The market share of them is 32.48%, 25.09% and 3.18% in 2016.The gap of market share is keep on enlarged due to different strategy.

• Nowadays, there are two mainly types of LiNbO3 Crystal, including Acoustic Grade and Optical Grade. And Optical Grade is the main type for LiNbO3 Crystal, and the Optical Grade reached a sales revenue of approximately 74.66 M USD in 2016, with 59.98% of global sales revenue. www.qyresearch.com

QYResearch LiNbO3 Crystal technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.

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