Global Lithium Tantalate Crystal Market Growth 2023-2029

Global Lithium Tantalate Crystal Market Growth 2023-2029

Lithium tantalate (LiTaO3, LT) crystal is an important ferroelectric material. It has both chemical and mechanical stability as well as a high optical damage threshold. Lithium tantalate exhibits unique electro-optical, pyroelectric and piezoelectric properties combined with good mechanical and chemical stability and wide transparency range and high optical damage threshold. This makes LiTaO3 well-suited for numerous applications including electro-optical modulators, pyroelectric detectors, optical waveguide and SAW substrates, piezoelectric transducers etc.

LPI (LP Information)' newest research report, the “Lithium Tantalate Crystal Industry Forecast” looks at past sales and reviews total world Lithium Tantalate Crystal sales in 2022, providing a comprehensive analysis by region and market sector of projected Lithium Tantalate Crystal sales for 2023 through 2029. With Lithium Tantalate Crystal sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Tantalate Crystal industry.

This Insight Report provides a comprehensive analysis of the global Lithium Tantalate Crystal landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Tantalate Crystal portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lithium Tantalate Crystal market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Tantalate Crystal and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Tantalate Crystal.

The global Lithium Tantalate Crystal market size is projected to grow from US$ 149.7 million in 2022 to US$ 164.4 million in 2029; it is expected to grow at a CAGR of 164.4 from 2023 to 2029.

Global Lithium Tantalate Crystal key players include Sumitomo Metal Mining, Shin-Etsu Chemical, Oxide Corporation, Korth Kristalle, Orient Tantalum Industry, etc. Global top five manufacturers hold a share over 75%.

US is the largest market, with a share over 10%, followed by China and Europe, both have a share over 5%.

In terms of product, Acoustic Grade is the largest segment, with a share over 55%. And in terms of application, the largest application is Surface Acoustic Wave, followed by Electro-Optical, Piezoelectric Transducers, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Tantalate Crystal market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Acoustic Grade

Optical Grade

Others

Segmentation by application

Surface Acoustic Wave

Electro-Optical

Piezoelectric Transducers

Pyroelectric

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Sumitomo Metal Mining

Shin-Etsu Chemical

Orient Tantalum Industry

Oxide Corporation

Korth Kristalle

SIOM

Castech

CETC

Crystalwise

Shanghai Dongcheng Electronic Materials

United Crystal

Dayoptics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lithium Tantalate Crystal market?

What factors are driving Lithium Tantalate Crystal market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lithium Tantalate Crystal market opportunities vary by end market size?

How does Lithium Tantalate Crystal break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.