Report Ocean published a new report on the global Adaptive Optics market. The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2023 to 2031.
The global adaptive optics market revenue was around US$ 494.5 million in 2021 and is estimated to reach US$ 3846.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 25.6% during the forecast period from 2022 to 2030.
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Adaptive optics (AO) is a division of optics and photonics that works in conjunction with optical systems for beam propagation, microscopy, and communication. The technology is used to improve the functionality of the visual ecology by reducing the impact of incoming wavefront distortion by modifying a mirror to account for the distortion.
Factors Influencing Market Growth
– The expansion of the market is fueled by the increased use of adaptive optics systems in military and defense-related applications, including free-space optical communication, satellite imaging, and laser weapons among others.
– Adoption in the astronomy sector, rising retinal degeneration disease prevalence, and increased demand for high-resolution microscopy in various biomedical research projects all contribute to the expansion of the adaptive optics market.
– The increased demand for photonics-enabled products to improve system efficiency and support growth and the rising R&D expenditures in advanced optics technology is likely to offer lucrative opportunities for the global market.
– Factors such as the high initial cost of adaptive systems and the difficult design and optimization of space optical solutions may hamper the overall market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative effect on the adaptive optics sector globally. International trade and travel have been hampered as more nations have closed their borders and restricted travel since the year 2020 in an effort to contain the coronavirus (COVID-19) outbreak. The total lockdown and temporary shutdown of industries by governments in various places have had a negative impact on overall production and sales. Many businesses are engaged in designing and developing complex optical systems for various end-use industries, including those in the industrial, commercial, industrial, medical, defense, aviation, space, auto, and other sectors. For patients to receive the best treatments available, the medical industry witnessed an increase in demand for advanced optical medical technologies in 2020?2021.
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Regional Insights
Asia Pacific region is anticipated to develop at its fastest rate over the forecast period. The market expansion in the APAC region is anticipated to be aided by the increasing market acceptance of adaptive optics devices in nations like India, Japan, China, and South Korea. China’s regulatory clearance for Imagine Eye’s AO retinal camera, RTX 1, occurred in March 2020. The distribution of Imagine Eyes’ product RTX 1 in South Korea has increased because of the company?s collaboration with Aracare.
North America generated the largest revenue share in the adaptive optics market. The adoption of advanced technology in the biomedical field by nations like the United States and Canada is anticipated to fuel market expansion in the region. Additionally, the expansion of adaptive optics research at the region’s institutions and research centers is anticipated to fuel market expansion. For instance, the Medical College of Wisconsin’s Advanced Ocular Imaging Programme (AOIP) is conducting research on adaptive optics. Some volunteers have taken part in this program to offer their knowledge and learn how well AO works to treat retinal diseases. Two AO scanning light ophthalmoscope systems manufactured by Dubra Lab have been used for AOIP research. Regarding collecting information on photoreceptors, nerve fiber layers, and retinal vasculature, these systems come with many related benefits.
Leading Competitors
The leading competitors in the global adaptive optics market are:
– Active optical systems
– Adaptica
– Aka optics SAS
– ALPAO
– Baker Adaptive Optics
– Benchmark Electronics Inc
– Boston Micromachines Corporation
– Edmund Optics Inc
– Electro Optic Systems Pvt Ltd
– Flexible Optical B.V.
– Imagine Optic
– Iris AO, Inc
– Northrop Grumman Corporation
– Phasics
– Synopsys, Inc
– Teledyne e2v
– Thorlabs
– Others
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Segmentation Analysis
The global adaptive optics market segmentation focuses on Components, Industry Vertical, Application, and Region.
Segmentation based on Component
– Wavefront Sensor
– Wavefront Modulator
– Control System
Segmentation based on Industry Vertical
– Astronomy
– Biomedical
– Military & Defense
– Industrial & Manufacturing
– Others
Segmentation based on Application
– Ophthalmology
– Laser Application
– Others
– Microscopy
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Segmentation based on Region
– North America
– The U.S.
– Canada
– Mexico
– Europe
– Western Europe
– The UK
– Germany
– France
– Italy
– Spain
– Rest of Western Europe
– Eastern Europe
– Poland
– Russia
– Rest of Europe
– Asia Pacific
– China
– India
– Japan
– Australia & New Zealand
– ASEAN
– Rest of Asia Pacific
– Middle East & Africa (MEA)
– UAE
– Saudi Arabia
– South Africa
– Rest of MEA
– South America
– Brazil
– Argentina
– Rest of South America
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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