Read about what current political events mean to our industry, market updates, quantum photonics, special events, new reports and other news, opinions and opportunities. View Online | Forward this Message | Add to Address Book: OSAIndustryDevelopmentAssociates@osa.org In this Issue:
Message on COVID-19 (Coronavirus) The Optical Society (OSA) has expanded virtual meetings, programs and services to ensure our global community is informed and engaged during the COVID-19 pandemic. We have embraced our core value of inclusivity in providing high-quality technical content at no cost to our members and customers worldwide. Learn more. What Current Political Events Mean to Our Industry The saying that 'bad news travels fast' was never truer than early this year, when the pandemic brought the entire globe to a standstill. Everyone from the busiest metropolises to remote Nepal adapted to a new and global tragedy. The catastrophe hit hospitality and retail businesses the hardest, while most optics and photonics companies were able and continue to adapt surprisingly quickly to sustain revenues, as we've reported in previous OIDA newsletters. Nonetheless, the pandemic changed everything, and as we wrote in April, it is truly a Black Swan event. Six months in, there is still far to go, and we believe it will be another 12-24 months for a global recovery from COVID-19. There's also a U.S. presidential election this year. What will that mean for optics and photonics, in the U.S. and globally? We said it in 2016 (here) and it's worth saying again: the supertanker of the U.S. government is slow to change course. If there is a change in the administration, the new government would take power in late January, and changes don't happen immediately. And it's not just the White House that is at stake: the election will determine whether the U.S. Senate will be in the hands of the same party as the president, and actions in congress take even longer. Source: Roy Delgado, from Cartoon Stock. The latest results indicate that, according to official financial statistics, optics and photonics continue to fare as well as can be expected under the circumstances of the pandemic. The figure below from Omdia shows the estimated sales from optical components suppliers into the communications sector. Revenues dropped over 13% in Q1 from the initial supply chain disruption, but then recovered by about 25% in Q2. Perhaps that’s no great surprise, since the world is demanding more—and different—telecom services since the pandemic spread. Omdia expects a slight increase in Q3 as suppliers catch up with backlog.
How are the Asian consumer products manufacturers that we examined early in this pandemic doing? The figure below shows the monthly revenues for the contract manufacturing giant Foxconn, normalized to October of the previous year. So far this year revenues are slightly lower, compared to previous years, but the pattern is not greatly different. The expectation out of Asia is that sales of many consumer products, such as displays, will continue through the fall. Source: OIDA (2020), from company statements. The consumer product lens maker Largan Precision is following a similar trajectory. The figure shows its 2020 sales distinctly lower than in the previous four years at this point in the year, and well below 2019. But sales are on an upward trajectory, as they did in previous years. Source: OIDA (2020), from company statements. And just for fun, there's Peloton Interactive. That's the company that is an "exercise equipment and media company" (not photonics) that has seen a 300% surge in its stock price since the pandemic started. And yet, its revenue has increased by only 1/3 over the same period. It's surprising for an equipment company, as our industry well knows, since equipment sales will eventually saturate to the available market. At that point, new shipments will likely decline, unless the old equipment wears out or needs upgrading, and how much can you wear out an exercise bike or treadmill? Source: OIDA, from Yahoo Finance. See the last OIDA newsletter for examples of recurring revenue in optics and photonics companies, in the form of consumable product sales and service contracts. What Our Expert Roundtable Said About Quantum Photonics OIDA hosted two of a series of roundtable discussions on the commercialization of quantum photonics on 15 and 16 September, "collocated" with OSA's Quantum 2.0 and Frontiers in Optics online conferences. The next OIDA roundtable discussion will be on 7 October at the online Photonics Days Berlin Brandenberg event (see here for free registration). What follows are some of the catchy takeaways from the September discussions:
Come to our next OIDA roundtable discussion on the commercialization of quantum photonics, at Photonics Days Berlin Brandenburg (see here). For a free copy of the OIDA Quantum Photonics Roadmap: Every Photon Counts, go here (for OIDA members) and here (for OIDA non-members). Previously registered conference attendees can view recordings of the September roundtable discussions here. Source: xkcd, under a creative commons license.
Last Chance to Register for the Virtual OIDA Roadmap Roundtable on Quantum Photonics Requirements on 7 October This is one of a series of online discussions of the requirements on optical components for applications of quantum technology. This roundtable will consider a wide range of applications, while focusing on specific optical components such as lasers, detectors, and integrated photonics. The aim of the event is to assess and revise, if necessary, the requirements described in the document published this year, OIDA Quantum Photonics Roadmap—Every Photon Counts. The event will feature experts invited to offer their perspectives, and attendees will also encouraged to participate in the interactive discussion. Register Now for the Free Virtual Laser Applications Conference Starting 13 October Meet the innovators breaking new ground in laser technology. Participate in the free virtual Laser Applications Conference at the OSA Laser Congress, where you can hear from — and network with — colleagues, industry luminaries and exhibitors sharing the latest advancements and applications of laser technologies for industrial products and markets. Technical sessions will be presented live from the Eastern Daylight Time Zone (EDT) with a recorded archive available later for on-demand viewing.
New! Read OPN's interview with Laser Congress plenary speaker Peter Moulton, the original inventor of the tunable Ti:sapphire laser, on 60 years of solid-state laser history. RSVP for Virtual OIDA Member Benefit Orientation RSVP for OIDA's member benefit overview orientation. This is an opportunity to learn more about key membership benefits you and your company should be taking advantage of and explore how to maximize performance and grow your business. New Digital Programming Now Available Live and On-Demand OIDA management and OIDA members have produced a series of webinars and a virtual Technology Showcase that are available at no charge. We encourage you to browse our growing list of upcoming events and view on-demand recordings as they become available. And there is much more! Check out the OSA We Are On webpage for more high quality webinars on career development from the OSA Foundation and the OSA Career Lab. Congratulations 2-Photon Optical Clock Collaboration - 2020 Paul F. Forman Team Engineering Excellence Award Winner The 2-Photon Optical Clock Collaboration, USA received the 2020 Paul F. Forman Team Engineering Excellence Award for the development of an optical atomic clock architecture that leverages microfabricated photonic components, leading to a vast reduction in size, weight, and power for next generation applications in timing, navigation, and communication. This advancement could have broad commercial implications. Learn more. Invitation to Join the OIDA Optics and Photonics Industry LinkedIn Group Join 3,500+ of your colleagues in our OIDA Optics & Photonics Industry Network LinkedIn Group. This one-of-a-kind Forum for Industry lets you participate in discussions about cutting-edge issues. Extend your professional network. Exchange information about problems, ideas and solutions. Collaborate with experts in your field. Now is the perfect time to build a relationship with fellow optics and photonics professionals! Questions or Suggestions about OIDA Member Benefits? We are committed to ensuring the value of your OSA Industry Development Associates Membership, so please email OIDA if you have any suggestions for new programs or comments on your membership.
|
|