Industry Survey Report-Global Wire Grid Polarizer (WGP) Market Size Reached USD 125.29 Million in 2021

1.1.1 Current Status Analysis of Wire Grid Polarizer (WGP) Industry
1. Foreign manufacturers occupy the main position: the current market is mainly occupied by foreign leading manufacturers, and there are few domestic participants who purchase materials from foreign manufacturers for assembly. There is no independent intellectual property rights and no perfect industrial chain.

2. There are relatively few current applications: At present, the applications for AR, projectors and HUDs are not popular. Due to the high cost factor, only some products are used, and the future development prospects are great.


1.1.2 Development Trend of Wire Grid Polarizer (WGP)
1. The process of domestic substitution is accelerated: With the support of the state for the optical component industry and the development of the domestic potential market, domestic manufacturers will continue to invest in gradually replacing foreign products to form a complete industrial chain.

2. Application field development: In addition to AR, HUD and other fields, the excellent anti-reflection and heat resistance properties of wire grid polarizers will be developed and applied in industrial cameras, sensors and radar fields, and the market space will be gradually developed and released.


1.1.3 Development Opportunities and Main Driving Factors of Wire Grid Polarizer (WGP) Industry
1. The AR industry is ready to develop: At present, major domestic and foreign manufacturers are actively deploying AR equipment, and the potential market is huge. The overall industry chain market will have greater growth.

2. The popularization of HUD configuration in automobiles: Nowadays, the configuration of HUD head-up display has gradually become common, locking the development of automobiles in the direction of intelligent electrification, and HUD will become the standard configuration of automobiles.

3. Decrease in cost and advancement in technology: With the development of etching and lithography technology, the cost of manufacturing wire grid polarizers has decreased compared to before, which will promote the use of wire grid polarizers.


1.1.4 Risks faced by the development of the wire grid polarizer (WGP) industry
1. Slow progress in manufacturing technology: Currently, it is difficult to manufacture large-sized wire grid polarizers, which may be difficult to popularize due to factors such as yield and cost.

2. Alternative risks: Wire grid polarizers have better performance than ordinary polarizers but are not irreplaceable, and may be abandoned in the application process based on the balance of effect and cost.

3. Macroeconomic impact: changes in the global outlook and geopolitical environment, the new crown epidemic, Sino-US conflict, and economic volatility risks, etc.


1.1.5 Global Wire Grid Polarizer (WGP) Market Overall Size Analysis
The global wire grid polarizer (WGP) market size will reach USD 125.29 million in 2021 and is expected to reach USD 243.71 million in 2028, with a compound annual growth rate (CAGR) of 10.57%.

From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2021 will be US$20.99 million, accounting for about 16.75% of the global market. It is expected to reach US$45.44 million in 2028, when the global share will reach 18.65%. . China's current local production and technological advantages are not high, but with the development of AR and other technologies and the support of policies, the Chinese market will grow rapidly in the future.

In terms of product type and technology, the market share of infrared grid polarizers will reach 47.93% in 2021, and it is expected that the market share will drop slightly to 45.73% in 2028, with little change and will always occupy a dominant position.

From the perspective of product market applications, projectors have the most applications, accounting for 57.98% of the market in 2021. With the advancement of production technology and the development of applications, the excellent performance of wire grid polarizers will be more and more applied in addition to Fields other than AR, such as industrial cameras, sensors, and radar.

At present, major global manufacturers include Thorlabs, Edmund Optics, Moxtek, Ushio, PureWavePolarizers, etc. In 2021, the main first echelon (3 companies) will account for more than 60% of the share, and the industry concentration is high. It is expected that the industry competition will be more intense in the next few years. Especially in the Chinese market.


1.1.6 Global Wire Grid Polarizer (WGP) Sales and Sales
The global wire grid polarizer (WGP) market sales reached USD 125.29 million in 2021 and is expected to reach USD 243.71 million in 2028, with a compound annual growth rate (CAGR) of 10.57% (2022-2028). In the next few years, the industry will have great uncertainty. The forecast data for 2022-2028 in this article is based on the historical development of the past few years, the opinions of industry experts, and the opinions of analysts in this article.