April 23, 2020
As per the report titled ‘Global Polarizing Beamsplitters (PBS) Market Research Report 2020’, available with Market Study Report LLC, global polarizing beamsplitters (PBS) market was worth USD 214.2 million in 2020 and is projected to grow with 8.6% CAGR during the forecast period to amass USD 384.1 million by the year 2026.
Polarizing beamsplitter (PBS) is an optical device which divides an incident light ray into two separate beams of P and S polarizations. The device is generally used in semiconductor and photonics instrumentation for transmitting p-polarized light and reflecting s-polarized light. They are characteristically designed for 0° or 45° angle of incidence with a 90° separation of the beams, as per the configuration.
Growing applications such as laser systems, fluorescence, and biomedical instrumentation are driving the growth of global polarizing beamsplitters (PBS) market. On the contrary, longer alignment time required to set the beamsplitter at 45° angle of incidence is the only the drawback which may hinder the product use.
Based on the type, PBS industry is bifurcated into polarizing plate beamsplitters and polarizing cube beamsplitters, wherein the latter segment is poised to see considerable growth during the forecast period. These devices are easy to manufacture in large size, are lightweight and offer no beam shift.
Speaking of the application scope, wearable devices segment is anticipated to see modest growth over 2021-2026. Growing consumer inclination towards advanced consumer electronics such as smart watches and innovations in smart glasses such as Microsoft HoloLens are expected to foster the demand for polarizing beamsplitters from wearable devices segment.
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Considering the geographical landscape, global market is divided into North America, Europe, China, and Japan. North America polarizing beamsplitters market is expected to account for significant revenue in the coming years, owing to the already developed technology and its use across various end-use industry verticals.
Prominent players in global polarizing beamsplitters (PBS) market include Edmund Optics, NITTO OPTICAL, Thorlabs, Inc., Newport Corp., SIGMAKOKI CO., LTD., SOC Showa Optronics, CVI Laser, LLC., Moxtek, Inc., and Lambda among others.
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