The global lithium niobate modulator market forecast will be $36.711 Billion by 2026, at a 24.0% CAGR, increasing from $6.568 Billion in 2018, according to a new report published by Research Dive.
Lithium niobate modulator market driver: The global lithium niobate modulator market is majorly driven by the IT & Telecom sector, owing to extensive use of these modulators in the telecommunication and digital communication services. In defense & aerospace sector, lithium niobate modulators are used for wireless communication devices, satellite communication and radar detection system. In radar detection system, these modulators are used in detection of unknown ships and aircrafts. The price of the lithium niobate modulator devices is retaining the global lithium niobate modulator market growth, owing to high price the clients are shifting to the alternative modulators….
