Market
overview
The global adaptive
optics market 2020 was valued at USD 215.7 million in 2020 and is expected
to reach USD 1.8 billion in 2027, with a substantial CAGR of 31.3%, according
to a new research report by MRFR.
Drivers and Restraints
One of the key growth factors driving the adaptive optics market
includes the growing investment in optical solutions and advanced optics
research and development. In addition, the increasing demand for adaptive
optics in the healthcare sector and the expanded use of adaptive optics in
applications such as astronomy, aerospace, and cellular imaging are
accelerating market development.
Adaptive optics provide real-time image corrections and likely
provide sharper imagery. This has a major influence on various vertical facets
of the industry such as aerospace & defense, industrial engineering,
healthcare, and many others. Using A.O .. Technology and its various advantages
are incredibly useful because they include minute information in these
verticals of the industry. Growing investment in research and development
between the various verticals of the industry is expected to have a major
effect on the sector. A major growth factor is the demand for high-resolution
imagery for higher science learning purposes, as well as increasing work in the
healthcare field. In addition, the growing use of adaptive optics in
applications like astronomy and aerospace is also promoting market development.
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Designs
that incorporate adaptive optics are extremely complex and require a high
degree of expertise, which is somewhat lacking, thereby restricting growth in
the market. In addition, the high initial cost of investment is projected to
adversely affect the market. Nonetheless, the momentum that continues in the
A.O. Technology and the need for clear and accurate photos are expected to
expose opportunities in the years ahead.
Segmental Analysis
By component, the market is segmented into wavefront sensors,
mirrors, wavefront modulator, control systems, and others. By type, the market
is segmented into multi-object adaptive optics (MOAO),natural guide star
adaptive optics (NGAO), multi-conjugate adaptive optics (MCAO), laser guide
star adaptive optics (LGAO), ground-layer adaptive optics (GLAO). By the
end-user, the global market is segmented into healthcare, military &
defense, manufacturing, consumer electronics, I.T. & telecommunication, and
others.
Regional Analysis
Based on the region, the market is segmented into North America,
Europe, Asia-Pacific, and the rest of the world.
Among these regions, North America is dominating the market due to
the extensive application scope of adaptive optics in various industries. In
North America, countries like the U.S. and Canda win the substantial market
share due to ongoing developments in optics and related technologies. These
countries are considered to be the early adopters in North America and
internationally of adaptive optics solutions. With its high military budgets
and well-developed industrial military infrastructure, the United States
continues to use techniques such as adaptive optics, along with other
applications, to develop high-energy laser systems. American spending on
defense is expected to remain very high, and it is expected to drive the
advancement of modern defense technologies through adaptive optics.
On the other hand, Europe closely follows North America in the
adoption of adaptive optic solutions. Many corporations in Europe are investing
and partnering with leading optics enterprises to have an integrated solution
with their product line-up. Adaptive optics offers a potential opportunity for
various enterprises, industries, and governments in Europe.
Key Players
The global adaptive optic market players, as identified by MRFR
are Aplegen Inc. (U.S.), Benchmark Electronics Inc. (U.S.), Boston Micromachines
Corporation (U.S.), Phasics Corp. (France), Holoeye Photonics AG (Germany),
Thorlabs Inc. (U.S.), Northrop Grumman Corporation (U.S.), Adaptive Optics
Associates Inc. (U.S.), Synopsys Optical Solution Group (U.S.), Sacher
Lasertechnik Gmbh (Germany). Other players in the
adaptive optics market include Iris AO Inc. (U.S.), Adaptica S.r.l. (Italy),
Active Optical Systems LLC (U.S.), Teledyne e2v (U.K.) Ltd (U.K.), Flexible
Optical B.V. (Netherlands), Imagine Optic S.A. (France), Edmund Optics Inc. (U.S.).
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