Fast Steering Mirrors Market Size, Trends & Forecast [2030]

Report Description

Fast Steering Mirrors Market Outlook

The global fast steering mirrors market size was valued at USD 272.2 Mn in 2021 and is projected to reach USD 457.7 Mn by 2030, expanding at a CAGR of 5.9% during the forecast period.

A fast-steering mirror (FSM) is a type of mirror used in optical systems that can be rapidly adjusted to direct light in various directions. It is a device that is used to change the direction of laser beam with precision for that pair of small, independently controlled mirror are utilized. Fast steering mirrors are physical systems that consist of a pair of motion-tracking sensors, a processing unit, a reflective mirror, and a displacement actuator that aid in receiving an incoming signal beam at a specific angle or redirecting it in a specific direction.
 

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Fast steering mirror is used across different industries and applications. Fast steering mirror is frequently used in laser communication, remote sensing, Light Detection and Ranging (LiDAR), optical coherence microscopy, and others. A large amount of data is beamed between two points in free space optical communication, such as between satellites in space and on Earth, on aircraft.

Fast steering mirrors (FSM) are used to compensate for obstacles that may prevent the laser beam from precisely striking its target receiver. Tip/tilt platforms and flexure-guided mirror mounts provide quick response, high resolution, and stability, making them ideal for image stabilisation, free space optical communication, scanning, and tracking applications.

Fast Steering Mirrors Market Dynamics

Major Drivers

Adoption of fast steering mirrors in advanced driver assistance systems are increasing

Fast steering mirrors (FSM) are an essential part of advanced driver assistance systems (ADAS). With the aim of improving driver safety and performance, ADAS helps drivers take necessary precautions to help prevent accidents, which are often caused by human error. ADAS can provide drivers with assistance in detecting obstacles such as pedestrians, lane departure warning, traffic sign recognition, blind spot detection, and more.

FSM is also widely used in adaptive headlights to enhance the driver's visibility of the road, making nighttime driving safer and more convenient. With FSM, drivers can get the most out of their ADAS, resulting in a safer and smoother driving experience.

Rapid technological progress in fast steering mirrors

FSMs (fast steering mirrors) have seen significant technological advancements over the years. In the past, the most common actuation technologies were piezoelectric and electrostatic, but new actuation technologies such as voice coil motors, magneto strictive actuators, and electromagnetic actuators have been developed to improve the speed, range, and precision of FSMs.

Existing Restraint

Fast steering mirrors (FSMs) are becoming increasingly popular in material processing, tracking and pointing systems, and other space-based applications. Although they offer many advantages, they have a limited range of motion due to several physical and technical limitations. This is becoming a major restraining factor for the growth of the market.

The range of motion of an FSM is determined by the size and shape of the mirror, as well as the type of actuator used to move the mirror. Larger mirrors are heavier and more difficult to move quickly, which limits the range of motion of the mirror. Additionally, the range of an FSM also depends on the accuracy and stability of the sensors used to measure the position of the mirror. Any noise or drift in the sensor output can limit the range of an FSM.

Emerging Opportunity

The use of FSMs in the aerospace and defense industries is rapidly increasing. It is specifically used for laser communication, remote sensing, spacecraft and aircraft guidance, and control. FSMs are widely used in the guidance and control of spacecraft and aircraft, as they aid in the adjustment of a sensor's position in spacecraft.

As a result, a spacecraft can be controlled from a great distance. FSMs made of piezoelectric or electromagnetic materials can provide mechanical bandwidth in the kHz range and angular resolution in the nano-radian range.

Laser communication systems are widely used in spacecraft because they allow data to be transmitted at high speeds over long distances. FSMs are also increasingly being used in adaptive optics, which is used in astronomy. It employs FSM to rapidly adjust the shape of a deformable mirror in order to compensate for atmospheric distortion caused by turbulence while searching for space.

As a result, the market for fast steering mirrors is expected to expand in aerospace and defense, creating significant growth opportunities during the forecast period.

Scope of Fast Steering Mirrors Market Report

The report on the global fast steering mirrors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Fast Steering Mirrors Market Segment Insights

The global fast steering mirrors market is segmented on the basis of by type, by application and by sales channel.

Type segment Analysis

Based on type, the global fast steering mirrors market is divided into less than equals to 0.05µrad resolution, above 0.05 and less than 1.0 µrad resolution, and above and equals to 1.0 µrad resolution. The above 0.05 and less than 1.0 µrad resolution is anticipated to dominate the market.

The growth of the segment is attributed to the rising adoption of having above 0.05 and less than 1.0 µrad resolution fast steering mirrors in automotive and healthcare sectors. This type of fast steering mirrors are widely used in optical coherence microscopy (OCM), fundus camera, eye tracking devices, and others.

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Application Segment Analysis

Based on application, the global fast steering mirrors market is fragmented into aerospace & defense, automotive, healthcare, and others. The automotive segment is expected to dominate the global fast steering mirrors market. The rising adoption of FSMs in applications such as LiDAR, dynamic headlights, and ADAS is driving market growth.

The growing demand for road safety, combined with strong government support, has prompted leading OEMs to invest in the development of ASAS systems, which has accelerated the demand for fast steering mirrors in the automotive sector. Furthermore, the advancement of autonomous vehicles has accelerated the demand for LiDAR, thereby accelerating the market for fast steering mirrors.

Sales Channel Segment Analysis

By sales channel, the global fast steering mirrors market is segmented into original equipment manufacturers (OEM) and aftermarket. The original equipment manufacturer (OEM) segment anticipated to dominate during the forecast period. The growth of the segment is attributed to the assurance provided by the OEM. Moreover, OEM’s fast steering mirrors are more durable and trustworthy.

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Regional Analysis

North America is anticipated to dominate the market during the forecast period. The market growth in the region is attributed to growing investments in the region’s defense sector is likely to further boost the demand for these mirrors. The growing demand for sensors and surveillance technologies is expected to create a huge potential for the fast-steering mirrors in the coming years.

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