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Adaptive Optics Market Share and Major Industry Players and Forecast to 2030 | Emergen Research

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Adaptive Optics Market Share and Major Industry Players and Forecast to 2030 | Emergen Research

July 11
18:46 2022
Adaptive Optics Market | Emergen Research
Rising number of clinical trials and non-invasive procedures is a key factor driving adaptive optics market revenue growth

The Global Adaptive Optics Market size was USD 237.64 Million in 2021 and is expected to register a revenue CAGR of 8.9% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of retinal diseases and significant investments in research & development initiatives are key factors driving market revenue growth.

High demand for adaptive optics-based technologies, especially from the medical sector, owing to ability of using image retina with a resolution close to diffraction limit, thereby being an effective auxiliary tools for diagnosis and examination of retinal diseases. Growing prevalence of various retinal diseases has led to rapid adoption of adaptive optics for in vivo retinal imaging. In addition, implementation of adaptive optics in ophthalmoscopes enables retinal imaging at a cellular level, thereby increasing demand for such instruments in the biomedical industry for scientific research purposes. According to American Academy of Ophthalmology (AAO), Age-related Macular Degeneration (AMD) is responsible for vision loss in 28.1% of non-Hispanic whites, 14.5% of Hispanics, and 7.8% of African Americans, who suffer from visual impairments. Furthermore, Glaucoma is responsible for vision impairment in 2.3% of non-Hispanic whites, 11.3% of African Americans, and 6.4% of Hispanics who suffer from visual impairment

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The key companies studied in the report are:

Teledyne Technologies Inc., Imagine Optic, Flexible Optical B.V., Northrop Grumman, ALPAO, Phasics S.A, Iris AO, Inc., Adaptive, Boston Micromachines Corporation, and Thorlabs, Inc.

 

 

Some of the key benefits of optical instruments that are increasing demand for adaptive optics from various industries include ease of operation, cost-effectiveness, compactness, and mobility. Increasing demand for adaptive optics owing to rapid deployment of military adaptive optics in satellite imagery and sophisticated imaging systems, as well as growing requirement for laser weapon systems during military combat operations are a few of the major factors driving revenue growth of the market.

However, complex designing technique with high initial cost of adaptive optical instruments are expected to provide some restraints to growth of the market.

Some Key Highlights From the Report

The wavefront sensors segment accounted for a significant revenue share in 2021 owing to provision of direct measurement of phase and intensity of optical wavefront. Increasing utilization of advanced optics in optical metrology and laser diagnostic is driving revenue growth of this segment. Shack-Hartmann Wavefront Sensor (SHWFS) is a form of wavefront sensor that combines a 2D detector with a lenslet array to measure distortion of aberrated wavefront emanating from the eye.

The microscopy segment accounted for a significant revenue share in 2021. Adaptive optics is an important technique for high resolution microscopy, correcting aberrations caused by specimen refractive index structure, which enables various application requiring images deep within biological tissue specimens.

The military & defense segment accounted for a significant revenue share in 2021. Rapid technological advancements in addition to various development of state-of-the art defense weapons as well as sophisticated guidance systems are some of the major factors driving revenue growth of this segment. High demand for adaptive optics in surveillance and biometric systems in military industry owing to provision of precise and sharp images. On 16 June 2022, HENSOLDT, a sensor solutions provider and Iveco Defence Vehicles (IDV), an Italian automotive manufacturer developed first Military Utility Vehicle (MUV) operational sensor composite vehicle, which would be presented at EUROSATORY 2022 in Paris. MUV is designed to be used in civilian and military sectors for reconnaissance and surveillance purposes as well as convoy protection and self- protection.

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The North America market accounted for a significant revenue share in 2021. Increasing research & development initiatives for adaptive optics in various research centers and institutions is driving revenue growth of market. Rising military uses of adaptive optics for monitoring, surveillance, and security purposes is one of the major factor contributing to market growth in region. The U.S. Air Force Research Laboratory (AFRL) utilizes adaptive optics for detecting and capturing images of space-based objects as well as aid in tracking small and maneuverable satellite. On 28 January 2022, Space Micro, which is owned by Voyager Space, has been given a contract by U.S. Air Force AFWERX program to develop an air-to-space laser communications systems. The company is collaborating with Rhea Space Activity (RSA) and Johns Hopkins University (JHU) to develop an adaptive optics solution to transmit a laser signal through turbulence unhindered.

On 18 February 2022, an international team of astronomers using International Gemini Observatory, which is a program of the U.S. National Science Foundation’s NOIRLab, captured crystal-clear images of two wiggling stellar jets from nearby forming stars. Astronomers used adaptive optics system that reduces distortion. Images were captured by Gemini South Adaptive Optics Imager, which is an instrument on Gemini South telescope. Imaging system is designed to work with Gemini Multi-Conjugate Adaptive Optics System to reduce distortion and blurring from atmospheric turbulence. The Gemini Observatory is owned and operated by an international partnership that includes Canada, the U.S., Chile, Argentina, Brazil, and the Republic of Korea.

Emergen Research has segmented the global adaptive optics market based on component, application, end-users, and region:

Component Outlook (Revenue, USD Million; 2019-2030)

Wavefront sensors

Deformable mirrors

Control system

Application Outlook (Revenue, USD Million; 2019-2030)

Microscopy

Laser application

Ophthalmology

Others

End-Users Outlook (Revenue, USD Million; 2019-2030)

Biomedical

Military & defense

Industrial & manufacturing

Consumer electronics

Others

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Regional Outlook (Revenue, USD Million; 2019-2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of Middle East & Africa

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The report addresses the following key points:

The report estimates the expected market size from 2021-2030

The report provides a forecast of market drivers, restraints, and future opportunities for the Adaptive Optics market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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