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%.
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.
Nowadays, there are two mainly types of LiNbO3 Crystal, including Acoustic Grade and Optical Grade. And Optical Grade was the main type for LiNbO3 Crystal, and the Optical Grade reached a sales revenue of approximately 74.7 M USD in 2016, with nearly 60% of global sales revenue.
LiNbO3 Crystal can be used for Electro-Optical, Surface Acoustic Wave, Piezoelectric Sensors, Non-linear Optical and Others. The most proportion of LiNbO3 Crystal was Electro-Optical, and the sales proportion was about 36.4% in 2016.
Japan had the largest global export quantity and manufacturers in LiNbO3 Crystal market, while the Europe was the second sales volume market for LiNbO3 Crystal in 2016.
In the industry, Epcos profited most in 2016 and recent years, while Sumitomo Metal Mining and Korth Kristalle ranked 2 and 3.The market share of them was about 32.5%, 25.1% and 3.2% in 2016.The gap of market share is keep on enlarged due to different strategy.
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