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

Global Fast Steering Mirrors Market

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Segments - by Type (Less than equals to 0.05µrad Resolution, Above 0.05 and less than 1.0 µrad Resolution, Above and equals to 1.0 µrad Resolution), by Application (Aerospace & Defense, Automotive, Healthcare, Others), by Sales Channel (Original Equipment Manufacturers (OEM) and Aftermarket), and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

CM-5398
4.7 Rating
199 Pages

12-02-2023
69 Reviews

Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Rucha Phatak

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.

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.

Attributes	Details
Report Title	Fast Steering Mirrors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2021
Historic Data	2015-2020
Forecast Period	2022–2030
Segmentation	by Type (Less than equals to 0.05µrad Resolution, Above 0.05 and less than 1.0 µrad Resolution, Above and equals to 1.0 µrad Resolution), by Application (Aerospace & Defense, Automotive, Healthcare, Others), by Sales Channel (Original Equipment Manufacturers (OEM) and Aftermarket), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	Ball Corporation, BLUEHALO, CEDRAT TECHNOLOGIES, CMM Optic, Harbin Core Tomorrow Technology Co., Ltd., Harris Technologies, Inc., Optics In Motion LLC, Optotune, Physik Instrumente (PI) GmbH & Co. KG., Thorlabs, Inc.

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.

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.

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.

Segments

Type

Less than equals to 0.05µrad Resolution
Above 0.05 and less than 1.0 µrad Resolution
Above and equals to 1.0 µrad Resolution

Application

Aerospace & Defense
Automotive
Healthcare
Others

Sales Channel

Original Equipment Manufacturers (OEM)
Aftermarket

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Ball Corporation
BLUEHALO
CEDRAT TECHNOLOGIES
CMM Optic
Harbin Core Tomorrow Technology Co., Ltd.
Harris Technologies, Inc.
Optics In Motion LLC
Optotune, Physik Instrumente (PI) GmbH & Co. KG.
Thorlabs, Inc.

Competitive Landscape

Top players in the market include Ball Corporation, BLUEHALO, CEDRAT TECHNOLOGIES, CMM Optic, Harbin Core Tomorrow Technology Co., Ltd., Harris Technologies, Inc., Optics In Motion LLC, Optotune, Physik Instrumente (PI) GmbH & Co. KG., Thorlabs, Inc.

The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the fast-steering mirrors market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fast Steering Mirror Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Fast Steering Mirror Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Fast Steering Mirror Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Fast Steering Mirror Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Fast Steering Mirror Market Size & Forecast, 2015-2030
      4.5.1 Fast Steering Mirror Market Size and Y-o-Y Growth
      4.5.2 Fast Steering Mirror Market Absolute $ Opportunity
Chapter 5 Global Fast Steering Mirror Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Fast Steering Mirror Market Size Forecast By Type
      5.2.1 Less than equals to 0.05µrad Resolution
      5.2.2 Above 0.05 and less than 1.0 µrad Resolution
      5.2.3 Above and equals to 1.0µrad Resolution
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Fast Steering Mirror Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Fast Steering Mirror Market Size Forecast By Application
      6.2.1 Aerospace & Defense
      6.2.2 Automotive
      6.2.3 Healthcare
      6.2.4 Other
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Fast Steering Mirror Market Analysis and Forecast By Sales Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      7.1.3 Absolute $ Opportunity Assessment By Sales Channel
   7.2 Fast Steering Mirror Market Size Forecast By Sales Channel
      7.2.1 Original Equipment Manufacturer (OEM)
      7.2.2 Aftermarket
   7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global Fast Steering Mirror Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Fast Steering Mirror Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Fast Steering Mirror Analysis and Forecast
   10.1 Introduction
   10.2 North America Fast Steering Mirror Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Fast Steering Mirror Market Size Forecast By Type
      10.6.1 Less than equals to 0.05µrad Resolution
      10.6.2 Above 0.05 and less than 1.0 µrad Resolution
      10.6.3 Above and equals to 1.0µrad Resolution
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Fast Steering Mirror Market Size Forecast By Application
      10.10.1 Aerospace & Defense
      10.10.2 Automotive
      10.10.3 Healthcare
      10.10.4 Other
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Fast Steering Mirror Market Size Forecast By Sales Channel
      10.14.1 Original Equipment Manufacturer (OEM)
      10.14.2 Aftermarket
   10.15 Basis Point Share (BPS) Analysis By Sales Channel
   10.16 Absolute $ Opportunity Assessment By Sales Channel
   10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe Fast Steering Mirror Analysis and Forecast
   11.1 Introduction
   11.2 Europe Fast Steering Mirror Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Fast Steering Mirror Market Size Forecast By Type
      11.6.1 Less than equals to 0.05µrad Resolution
      11.6.2 Above 0.05 and less than 1.0 µrad Resolution
      11.6.3 Above and equals to 1.0µrad Resolution
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Fast Steering Mirror Market Size Forecast By Application
      11.10.1 Aerospace & Defense
      11.10.2 Automotive
      11.10.3 Healthcare
      11.10.4 Other
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Fast Steering Mirror Market Size Forecast By Sales Channel
      11.14.1 Original Equipment Manufacturer (OEM)
      11.14.2 Aftermarket
   11.15 Basis Point Share (BPS) Analysis By Sales Channel
   11.16 Absolute $ Opportunity Assessment By Sales Channel
   11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific Fast Steering Mirror Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Fast Steering Mirror Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Fast Steering Mirror Market Size Forecast By Type
      12.6.1 Less than equals to 0.05µrad Resolution
      12.6.2 Above 0.05 and less than 1.0 µrad Resolution
      12.6.3 Above and equals to 1.0µrad Resolution
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Fast Steering Mirror Market Size Forecast By Application
      12.10.1 Aerospace & Defense
      12.10.2 Automotive
      12.10.3 Healthcare
      12.10.4 Other
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Fast Steering Mirror Market Size Forecast By Sales Channel
      12.14.1 Original Equipment Manufacturer (OEM)
      12.14.2 Aftermarket
   12.15 Basis Point Share (BPS) Analysis By Sales Channel
   12.16 Absolute $ Opportunity Assessment By Sales Channel
   12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America Fast Steering Mirror Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Fast Steering Mirror Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Fast Steering Mirror Market Size Forecast By Type
      13.6.1 Less than equals to 0.05µrad Resolution
      13.6.2 Above 0.05 and less than 1.0 µrad Resolution
      13.6.3 Above and equals to 1.0µrad Resolution
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Fast Steering Mirror Market Size Forecast By Application
      13.10.1 Aerospace & Defense
      13.10.2 Automotive
      13.10.3 Healthcare
      13.10.4 Other
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Fast Steering Mirror Market Size Forecast By Sales Channel
      13.14.1 Original Equipment Manufacturer (OEM)
      13.14.2 Aftermarket
   13.15 Basis Point Share (BPS) Analysis By Sales Channel
   13.16 Absolute $ Opportunity Assessment By Sales Channel
   13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) Fast Steering Mirror Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Fast Steering Mirror Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Fast Steering Mirror Market Size Forecast By Type
      14.6.1 Less than equals to 0.05µrad Resolution
      14.6.2 Above 0.05 and less than 1.0 µrad Resolution
      14.6.3 Above and equals to 1.0µrad Resolution
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Fast Steering Mirror Market Size Forecast By Application
      14.10.1 Aerospace & Defense
      14.10.2 Automotive
      14.10.3 Healthcare
      14.10.4 Other
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Fast Steering Mirror Market Size Forecast By Sales Channel
      14.14.1 Original Equipment Manufacturer (OEM)
      14.14.2 Aftermarket
   14.15 Basis Point Share (BPS) Analysis By Sales Channel
   14.16 Absolute $ Opportunity Assessment By Sales Channel
   14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
   15.1 Fast Steering Mirror Market: Competitive Dashboard
   15.2 Global Fast Steering Mirror Market: Market Share Analysis, 2021
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Ball Corporation
      15.3.2 BLUEHALO
      15.3.3 CEDRAT TECHNOLOGIES
      15.3.4 CMM Optic
      15.3.5 Harbin Core Tomorrow Technology Co., Ltd.
      15.3.6 L3Harris Technologies, Inc.
      15.3.7 Optics In Motion LLC
      15.3.8 Optotune
     15.3.9 Physik Instrumente (PI) GmbH & Co. KG.
      15.3.10 Thorlabs, Inc.

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